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Glancy Binkow & Goldberg LLP Announces Class Action
Court Line News |
2012/03/11 11:52
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Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court, Northern District of Alabama, on behalf of purchasers of the common stock of Walter Energy, Inc. between April 20, 2011 and September 21, 2011, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934. Walter Energy produces and exports metallurgical coal for electric utility and industrial customers in the United States.
The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the Company’s business and financial prospects, including that: (1) the Company was experiencing so-called “squeeze” events in Alabama and lower coal transportation rates in Canada that significantly reduced the Company’s coal production; (2) the Company’s commitment to ship more than 700,000 tons of coal in the second quarter, at first quarter sales prices, would result in a material adverse effect on Walter Energy’s second-quarter average sales prices and operating results; (3) the Company was experiencing a significant decline in its margins and profitability; and (4), based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company’s business and financial prospects during the Class Period.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Walter Energy common stock between April 20, 2011 and September 21, 2011, you have certain rights, and have until March 26, 2012 to move for lead plaintiff status.
www.glancylaw.com
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Court Overturns $10M Tyson Verdict
Topics in Legal News |
2012/03/07 09:35
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The Oklahoma Supreme Court on Tuesday tossed a $10 million jury verdict against Tyson Foods Inc., granting the company's request for a new trial based on allegations of juror misconduct and a mistake on interpreting the law.
Springdale, Ark.-based Tyson Foods claimed on appeal that some prospective jurors in the trial in McCurtain County, Okla., didn't answer questions fully or truthfully on juror questionnaires and the trial judge didn't allow oral questions on items covered in the forms filled out by the panelists.
The high court also agreed with Tyson that the growers weren't covered by the Oklahoma Consumer Protection Act. Growers had argued that since Tyson provided them with feed and chicks, that gave them standing as consumers.
Tyson has a large operation in the region, with more than 180 poultry producers in southwest Arkansas and southeast Oklahoma that raise broilers for Tyson's plant in Broken Bow, Okla. That plant and its related operations, including a feed mill, employ more than 1,700 people.
In 2008, 54 growers, with Rusty Armstrong as lead plaintiff, sued Tyson, claiming that farmers who didn't want to modernize their equipment were given inferior feed and chicks. They claimed that Tyson had favored growers who got better feed and livestock.
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Mo. court denies tax break for convenience stores
Court Line News |
2012/03/07 09:34
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Missouri's highest court says convenience stores cannot claim a tax break on the electricity used to prepare food.
The Supreme Court's decision Tuesday hinged on whether the act of warming or cooking food qualified as "processing" a product. If so, then the electricity used for food preparation could qualify for a state sales tax exemption.
In a 5-2 decision, the Supreme Court ruled that food preparation was not "processing" and the tax break could not be claimed.
Casey's General Stores had sought the tax break for one month of electricity used at stores in Grain Valley and Greenwood.
The Missouri Department of Revenue said it did not have a specific figure for what might have been owed to Casey's, or to other companies that might have made similar claims.
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Ohio school shooting case may go to adult court
Lawyer Media News |
2012/03/07 09:34
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A 17-year-old boy charged in a school shooting rampage that left three students dead was told by a judge on Tuesday that the case could be sent to adult court for trial.
Authorities will decide later whether T.J. Lane will be tried as an adult and face a possible life sentence if convicted.
Lane, who is charged with three counts of aggravated murder, two counts of attempted aggravated murder and one count of felonious assault, did not enter a plea Tuesday when he appeared before Juvenile Judge Tim Grendell.
The judge postponed a hearing on the adult-court matter from March 19 until April 3 because two new attorneys have joined the defense team.
Lane watched the judge without visible emotion, blinking occasionally. He was taken into court under heavy security, a deputy's hand on his arm. He was dressed in an outfit similar to what he wore last week in court — a tan, open-collared dress shirt and dark slacks.
Relatives of the victims faced Lane from the jury box. Some wore memorial ribbons of red and black, the colors of Chardon High School.
Lane spoke in response to routine questions from the judge about his understanding of the case and his rights.
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Attorney: Accused NYC madam unfair target of case
Court Line News |
2012/03/06 09:35
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Prosecutors and defense attorneys have presented contrasting views of a New York woman jailed on a seven-figure bail on a single charge of promoting prostitution.
Anna Gristina's lawyers have portrayed her as a dedicated suburban mom, animal rescuer and former real estate broker who was working on building an online dating service. They said she's a target of an unfairly sensationalized case.
But prosecutors contend she's an arrogant, multimillion-dollar madam who boasted of ties to law enforcement and stashed cash to flee if authorities tried to close in on her.
"A caring mother of four has been slapped with a $2 million bond," one of her lawyers, Peter J. Gleason, said after a judge refused Tuesday to lower the bail.
In an interview Wednesday on "Good Day New York," Gleason said the prosecution has not shared with the defense team information about its allegations that the Monroe, N.Y., woman peddled underage girls and had police protection.
He said the underage allegation was "a ploy that the police will sometimes use if they have a hostile client that they want to break," he said.
He also said he never asked his client about reports of a "black book" containing names of influential clients.
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Aggressive Advocacy Focused on Your Recovery
Press Release |
2012/03/05 09:35
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The motorcycle accident attorney services by King Law Firm, P.C., are designed to help you get your life back together and get you the maximum settlement possible.
An experienced motorcycle attorney Ray King will:
- Investigate the motorcycle accident promptly and thoroughly
- Preserve evidence of the motorcycle crash
- Secure photographs of the motorcycle crash scene
- Establish the defendants' liability for the motorcycle accident
- Inspect the motorcycle and safety gear for potential defects
- Recover your medical expenses and lost wages
The Austin, Texas motorcycle accident attorney Ray King is familiar with the battles you face as a motorcyclist, and we can help you stand up for your rights and overcome them. Ray King is "The Motorcycle Attorney" and has offices across Texas. Ray employs an office of professionals who use the latest technology to enhance each motorcycle accident victim. Ray and his staff regularly make house calls and visit hospitalized clients to accommodate their families. Ray employs an Accident Reconstructionist to investigate each motorcycle accident and immediately interview any witness and collect the necessary evidence sometimes missed by local police departments.
If you need help with your motorcycle accident case, call us at (512) 262-9018.
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