A former Goldman Sachs trader pleaded guilty to wire fraud Wednesday, admitting that he caused his company to lose $118 million in 2007 when he put $8 billion at risk.
Matthew Marshall Taylor, 34, said he took the position on a futures contract traded electronically through the Chicago Mercantile Exchange in December 2007 to enhance his reputation and boost his earnings in a year when he made $150,000 in salary and $1.6 million in bonuses. At the time, he was working at Goldman Sachs in lower Manhattan.
According to court papers filed in Manhattan, Taylor entered fictitious information in trading account records and lied to company representatives to cover up the fact that he had put 10 times more money at risk in the trade than he was allowed. He claimed that the $8 billion at risk was actually only $65 million, the papers said.
U.S. District Judge William H. Pauley III said he was miffed that the government in a plea deal was holding Taylor responsible for no more than $2.5 million in losses. The amount of money lost in financial crimes usually plays a significant role in the length of any prison sentence.
The judge also said he could not understand why the government was not making a legal finding that Taylor had used "sophisticated means" to carry out the crime. Such a designation would again likely increase the length of any prison sentence. Pauley also noted that the government could have claimed that the crime endangered the financial health of Goldman Sachs, a designation that also could increase a prison sentence. A prosecutor said he did not believe either enhancement was appropriate because Taylor carried out the fraud in a manner similar to his usual work patterns and the company's financial stability was not threatened.
Monday, April 8, 2013
Tuesday, February 5, 2013
China Trademark & Patent Law Office - Trademark and Patent
The process of registering a trademark in China might be quite like what it is in your own country. To have a registered trademark, you should file the trademark with the Chinese government. When it has passed the examination and publication, it becomes a registered trademark protected by the China Trademark Law. But before applying the trademark, there is some knowledge on the trademark that you would like to know.
A patent is a right granted to the owner of an invention to prevent others from making, using, importing or selling the invention without his permission. A patentable invention can be a product or a process that gives a new technical solution to a problem. It can also be a new method of doing things, the composition of a new product, or a technical improvement on how certain objects work. Once it is granted, its term of a patent is 20 years from the Date of Filing, subject to the payment of annual renewal fees.
http://www.ctplo.com/patent.html
A patent is a right granted to the owner of an invention to prevent others from making, using, importing or selling the invention without his permission. A patentable invention can be a product or a process that gives a new technical solution to a problem. It can also be a new method of doing things, the composition of a new product, or a technical improvement on how certain objects work. Once it is granted, its term of a patent is 20 years from the Date of Filing, subject to the payment of annual renewal fees.
http://www.ctplo.com/patent.html
Thursday, January 3, 2013
Detroit mom in court in daughter's stabbing death
A 26-year-old Detroit mother of five was scheduled for her first court appearance Thursday afternoon on a murder charge in the stabbing death of her 8-year-old daughter.
Tameria Greene, who would have turned 9 on Wednesday, was found bleeding early Sunday on the floor of the family's apartment. Her mother, Semeria Greene, was arrested and her four sons were taken into protective custody.
Greene was due to be arraigned on felony murder and child abuse charges. She did not have an attorney listed in court records.
Michigan's human service director Maura Corrigan said family, friends and neighbors had complained to her agency about Greene's treatment of her five children. Corrigan said child welfare workers had tried repeatedly to remove them from Greene's care in the past two years.
Corrigan says a court denied the last request one month before Tameria's death.
Judge Frank Szymanski told The Associated Press on Thursday morning that he signed an order in November that ordered services but kept the children in the home. He said his order reflected the result of a hearing held by a referee and he had no active role in the case at that time. That's standard procedure in such cases, the judge said.
Tameria Greene, who would have turned 9 on Wednesday, was found bleeding early Sunday on the floor of the family's apartment. Her mother, Semeria Greene, was arrested and her four sons were taken into protective custody.
Greene was due to be arraigned on felony murder and child abuse charges. She did not have an attorney listed in court records.
Michigan's human service director Maura Corrigan said family, friends and neighbors had complained to her agency about Greene's treatment of her five children. Corrigan said child welfare workers had tried repeatedly to remove them from Greene's care in the past two years.
Corrigan says a court denied the last request one month before Tameria's death.
Judge Frank Szymanski told The Associated Press on Thursday morning that he signed an order in November that ordered services but kept the children in the home. He said his order reflected the result of a hearing held by a referee and he had no active role in the case at that time. That's standard procedure in such cases, the judge said.
Thursday, November 8, 2012
Limits on class-action lawsuits at Supreme Court
The Supreme Court appeared divided Monday in two cases in which businesses are trying to make it harder for customers or investors to band together to sue them.
The justices heard arguments in appeals from biotech company Amgen Inc. and cable provider Comcast Corp. that seek to shut down class-action lawsuits against the businesses.
Amgen is fighting securities fraud claims that misstatements about two of its drugs used to treat anemia artificially inflated its stock price. Comcast is facing a lawsuit from customers who say the company's monopoly in parts of the Philadelphia area allowed it to raise prices unfairly.
Last year, the Supreme Court raised the bar for some class-action suits when it sided with Wal-Mart against up to 1.6 million of its female employees who complained of sex discrimination. In the Wal-Mart case, the court said there were too many women in too many jobs at the nation's largest private employer to wrap into one lawsuit.
Class actions increase pressure on businesses to settle suits because of the cost of defending them and the potential for very large judgments.
Connecticut pension funds that sued Amgen said lower courts correctly ruled that the case could move forward as a class action. The issue at the Supreme Court is whether the pension funds have to show at an early stage of the lawsuit that Amgen's claims about the safety and effectiveness of the drugs Aranesp and Epogen affected the stock price.
Several justices indicated they had no problem with the idea that, unlike in the Wal-Mart case, all the Amgen investors were in the same boat and could clear an early hurdle that tripped up the Wal-Mart employees.
The justices heard arguments in appeals from biotech company Amgen Inc. and cable provider Comcast Corp. that seek to shut down class-action lawsuits against the businesses.
Amgen is fighting securities fraud claims that misstatements about two of its drugs used to treat anemia artificially inflated its stock price. Comcast is facing a lawsuit from customers who say the company's monopoly in parts of the Philadelphia area allowed it to raise prices unfairly.
Last year, the Supreme Court raised the bar for some class-action suits when it sided with Wal-Mart against up to 1.6 million of its female employees who complained of sex discrimination. In the Wal-Mart case, the court said there were too many women in too many jobs at the nation's largest private employer to wrap into one lawsuit.
Class actions increase pressure on businesses to settle suits because of the cost of defending them and the potential for very large judgments.
Connecticut pension funds that sued Amgen said lower courts correctly ruled that the case could move forward as a class action. The issue at the Supreme Court is whether the pension funds have to show at an early stage of the lawsuit that Amgen's claims about the safety and effectiveness of the drugs Aranesp and Epogen affected the stock price.
Several justices indicated they had no problem with the idea that, unlike in the Wal-Mart case, all the Amgen investors were in the same boat and could clear an early hurdle that tripped up the Wal-Mart employees.
Wednesday, October 17, 2012
Indiana Business Litigation Attorneys
Owning and running a business is not an easy task. If you operate a business in Indiana or throughout the United States, you may find yourself frequently dealing with business litigation. At any time, disputes may arise over on going issues and matters.
Despite what your business dispute may be about, having an experiences business litigation lawyer representing you will help the process run smoothly and protect your interests.
Extensive Business Litigation Expertise
Price Waicukauski & Riley, LLC represents companies in virtually all types of business disputes. Our Indiana business litigation attorneys and breach of contract lawyers have experience working with companies ranging in size from Fortune 500 companies to small businesses.
We have a reputation for achieving results for our clients in cases involving:
Breach of Contract
Covenants not to Compete
Property Disputes
Unfair Competition
Trade Secret Misappropriation
Antitrust Violations
Franchise Distributorship
Litigation with Banks
Risk of Bankruptcy
An Alternative to the Traditional Billable Hour
We offer business clients alternatives to the traditional hourly charge, including fixed fees, contingency fees, and blended fee arrangements. We share in the risk of litigation by sharing the financial burden of the case. As a result, our interests are aligned and we are both working toward a common goal.
Determining the Right Course of Action
When representing businesses, we search for the most cost effective resolution of each dispute. At times this search leads us to recommend early negotiation, mediation or arbitration and other times the most cost-effective resolution can only be obtained through trial.
We stand ready, willing and able to try the most complex of commercial cases. Our Indiana business litigation attorneys are highly proficient in trials and will serve as a zealous advocate for your case.
Contact Us for a Complimentary Consultation
If you would like to discuss the details of your business dispute, please contact the business litigation attorneys at Price Waicukauski & Riley, LLC to schedule a free initial consultation. If you would like to learn more on business litigation with our firm, visit us on the web http://www.price-law.com/practice-areas/business-litigation
Despite what your business dispute may be about, having an experiences business litigation lawyer representing you will help the process run smoothly and protect your interests.
Extensive Business Litigation Expertise
Price Waicukauski & Riley, LLC represents companies in virtually all types of business disputes. Our Indiana business litigation attorneys and breach of contract lawyers have experience working with companies ranging in size from Fortune 500 companies to small businesses.
We have a reputation for achieving results for our clients in cases involving:
Breach of Contract
Covenants not to Compete
Property Disputes
Unfair Competition
Trade Secret Misappropriation
Antitrust Violations
Franchise Distributorship
Litigation with Banks
Risk of Bankruptcy
An Alternative to the Traditional Billable Hour
We offer business clients alternatives to the traditional hourly charge, including fixed fees, contingency fees, and blended fee arrangements. We share in the risk of litigation by sharing the financial burden of the case. As a result, our interests are aligned and we are both working toward a common goal.
Determining the Right Course of Action
When representing businesses, we search for the most cost effective resolution of each dispute. At times this search leads us to recommend early negotiation, mediation or arbitration and other times the most cost-effective resolution can only be obtained through trial.
We stand ready, willing and able to try the most complex of commercial cases. Our Indiana business litigation attorneys are highly proficient in trials and will serve as a zealous advocate for your case.
Contact Us for a Complimentary Consultation
If you would like to discuss the details of your business dispute, please contact the business litigation attorneys at Price Waicukauski & Riley, LLC to schedule a free initial consultation. If you would like to learn more on business litigation with our firm, visit us on the web http://www.price-law.com/practice-areas/business-litigation
Monday, August 6, 2012
Ind. court upholds life sentence for teen killer
The Indiana Supreme Court on Tuesday upheld a sentence of life without parole for a teenager who said he wanted to be like the fictional television serial killer Dexter a few weeks before strangling his 10-year-old brother.
Andrew Conley was 17 in November 2009 when he killed his brother, Conner, while wrestling in their home near Rising Sun and dumped the boy's body in a park. He unexpectedly pleaded guilty in September 2010, averting a murder trial.
In the 3-2 ruling, the justices said Conley acted "as if nothing was out of the ordinary" after the killing. According to testimony during the five-day sentencing hearing, Conley joked with his mother and watched football the day after he killed Conner.
Conley told police he fantasized about killing people since he was in eighth grade. A few weeks before the killing, Conley told his girlfriend that he wanted to be just like the TV serial killer as they walked on the trail where he later disposed of his brother's body.
Three different psychological experts who interviewed Conley all said he was seriously mentally ill, but his appellate lawyer, Leanna Weissmann, said the judge gave too much credence to a psychologist's testimony that the teen could be a psychopath.
Andrew Conley was 17 in November 2009 when he killed his brother, Conner, while wrestling in their home near Rising Sun and dumped the boy's body in a park. He unexpectedly pleaded guilty in September 2010, averting a murder trial.
In the 3-2 ruling, the justices said Conley acted "as if nothing was out of the ordinary" after the killing. According to testimony during the five-day sentencing hearing, Conley joked with his mother and watched football the day after he killed Conner.
Conley told police he fantasized about killing people since he was in eighth grade. A few weeks before the killing, Conley told his girlfriend that he wanted to be just like the TV serial killer as they walked on the trail where he later disposed of his brother's body.
Three different psychological experts who interviewed Conley all said he was seriously mentally ill, but his appellate lawyer, Leanna Weissmann, said the judge gave too much credence to a psychologist's testimony that the teen could be a psychopath.
Thursday, June 14, 2012
Eugene Criminal Defense Lawyer - Coit & Associates, P.C.
Coit & Associates, P.C., with offices in Eugene and Portland, have criminal defense lawyers acknowledged for providing the highest quality representation in the greater Eugene and Portland metropolitan locations. No matter the size or seriousness of your case, a lawyer at Coit & Associates, P.C. will aggressively tackle the case and understand its importance to you and your family. The attorneys at Coit & Associates, P.C. not only have the experience to represent you but will not back down from anyone. Their goal is to provide their clients with efficient, aggressive, and affordable criminal defense that is effective. Their attorneys care for the defendents charged with or suspected of committing crimes and will fight for you.
Call their office at (541) 685-1288 to schedule an appointment or visit us on http://www.criminaldefenseoregon.com for more information.
Call their office at (541) 685-1288 to schedule an appointment or visit us on http://www.criminaldefenseoregon.com for more information.
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