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Barnhill Vayernov Investigating Insight Enterprises, Inc.
Headline Legal News |
2009/02/12 09:38
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Barnhill amp; Vaynerov LLP today announced that it is investigating potential claims against Insight Enterprises, Inc. (Insight Enterprises or the Company) (Nasdaq:NSIT), on behalf of investors. The investigation pertains to possible securities violations related to public statements made by the Company between March 11, 2004 and February 6, 2009, in light of the Company's disclosure that it will have to restate its previously reported earnings.
On February 9, 2009, Insight Enterprises's stock declined nearly 50% after the Company shocked the market by revealing that it expects to restate financial statements included in the Company's most recently filed Annual Report on Form 10-K, for the year ended December 31, 2007, and in the Quarterly Reports on Form 10-Q for the first three quarters of fiscal year 2008. According to the Company, the restatement will also include a material reduction of retained earnings as of December 31, 2004, related to the accumulation of such errors in prior periods. Insight Enterprises has disclosed that the cumulative effect of the restatement is expected to be $50 million to $70 million. On this news, Insight Enterprises shares declined by $2.85 per share, more than 48%, to close on February 9, 2009 at $3.05 per share, on unusually heavy volume.
If you purchased or acquired Insight Enterprises common stock between March 11, 2004 and February 6, 2009, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Maxim Vaynerov, Esquire, of Barnhill amp; Vaynerov LLP, 8200 Wilshire Boulevard, Suite 400, Beverly Hills, California 90211, by telephone at (310) 943-8989, or by email to Vaynerov@aol.com. |
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KBR Halliburton Accused in Class Action
Headline Legal News |
2009/01/28 09:12
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KBR, Kellogg Brown amp; Root and Halliburton knowingly exposed U.S. troops to water contaminated by sewage and made soldiers sick by burning toxic waste unsafely, a class action claims in Montgomery County Court. The class claims that when KBR found it was giving troops contaminated water, it told its water quality specialist to concern himself only with the health and safety of KBR personnel.
The class claims KBR earned $4.8 billion in Iraq in 2006 - 45% of the company's revenue that year - and that the defendants acted egregiously merely to make more money for themselves.
The complaint cites a 2008 report from the Defense Department's Inspector General that confirmed that KBR supplied unsafe water to U.S. troops. It cites a 2006 report from KBR itself that found KBR's failure to disinfect water caused an unknown population to be exposed to potentially harmful water for an undetermined period of time, and that the deficiencies of the camp where the event occurred is not exclusive to that camp, meaning that countrywide, all camps suffer to some extent from all or some of the deficiencies noted.
They claim KBR's report admitted that the company kept little or no documentation on its water safety, standards or procedures.
The complaint states: Former KBT employees and water quality specialist Ben Carter and Ken May told Halliburton Watch that KBR knowingly exposed troops and civilians to contaminated water from the Euphrates and Tigris Rivers. Ben Carter, a water quality specialist who worked for KBR at Junction city, testified that he tested water and found it was polluted with sewage and other contamination and that it was not being chlorinated. He then treated the tanks for the KBR employees and told company managers the military should be alerted so they could treat their tanks as well. Carter told the media that he was ordered by his KBR supervisor to concern himself only with the health and safety of KBR personnel. KBR was supposed to test the water three times daily to confirm safety but, according to Carter, such testing never occurred.
The class seeks medical monitoring and punitive damages for negligence, breach of duty, willful and wanton conduct, and other charges. They are represented by William O'Neil with Burke O'Neil of Washington, D.C. |
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Testing firm sues NYC to lift license suspensions
Headline Legal News |
2009/01/27 15:15
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| A company accused of faking tests on concrete and steel at the new Yankee Stadium, the Freedom Tower and over 100 other projects is suing New York City to lift suspensions of their licenses.pTestwell Inc. asserts in state Supreme Court papers that the city suspended its licenses unlawfully in October after the company was indicted on enterprise corruption charges. Testwell says the charges have not been proven./ppTestwell says an administrative law judge recommended lifting the suspensions but last week the city rejected that recommendation./ppThe city Law Department says it is reviewing Testwell's court papers. The city has been attempting to retest concrete and steel handled by Testwell on some buildings, although prosecutors say no weaknesses have been found. /p |
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John Q. Kelly on Natalee Holloway Case - Fox News
Headline Legal News |
2009/01/05 14:18
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a href=http://www.kellygrouppc.comNatalie Holloway /aAttorney John Q. Kelly
GRETA VAN SUSTEREN, FOX NEWS HOST: And, finally, the Aruban prosecutor Hans Mos, responds. John Q. Kelly, the Holloway family attorney, has been trying to get Aruban prosecutor Hans Mos on the phone. Mos did leave him a rather nasty voicemail the other day. But now Hans Mos has responded to a letter from Kelly.
So what did Mos say in this response? a href=http://www.kellygrouppc.comJohn Q. Kelly/a joins us. John, what did he say?
a href=http://www.kellygrouppc.comJOHN Q. KELLY, HOLLOWAY FAMILY ATTORNEY/a: It's basically two-fold. One is that Joran [van der Sloot] has given different versions of the same event, so they can't be bothered with it.
And, two, they have no interest in any evidence or information that might assist him at this point.
VAN SUSTEREN: That is cute. The key is if you want to commit a crime, go to Aruba and tell three stories, because they will not investigate you and they won't look to corroborate. That's lesson number one. That's good advice.
You ask to have him arrested. What happens about that?
KELLY: He said we have no basis for it. This is the first time we have had any information that has been corroborated. He says he father was engaged in a cover-up, and it turns out that the chief of police and Paulus [van der Sloot], it has been confirmed that they hindered the prosecution. We have taped conversations that confirmed the boys talking about hoping that Natalee, or fearing that she may be alive. There are cell phone pings as to locations of Joran down by the fisherman's hut. There are all kinds of things independently that confirm what Joran is saying now, and they just won't listen.
VAN SUSTEREN: I know that he doesn't like us here at On the Record. And I will make this promise tonight-we will stop being the monkey on his back if he does any investigation at all.
But I can tell you one thing. We have learned new information that a member of the Dutch parliament, Hero Brinkman, he is about to raise holy hell on Hans Mos. He is going down to Aruba in early January.
And if Hans Mos does not like us, wait until he gets a hold of this member of parliament, because he says that Aruba is corrupt as hell I think were his words, not mine.
KELLY: Greta, can I take you to the woodshed on one thing? I think people have to understand that even thought it was five months before your aired your interview with Joran that Hans Mos was made aware of it and the substance of it in great detail almost immediately, and he had no interest in following.
span style=font-weight: boldRead the entire interview at Fox News/span - a href=http://www.foxnews.com/story/0,2933,465291,00.htmlClick Here/a |
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Corruption crisis creates confusion in Illinois
Headline Legal News |
2008/12/29 09:12
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| Embattled Illinois Gov. Rod Blagojevich has made a point of regularly going to work at his office in Chicago. He has signed legislation and issued pardons. He has sent out press releases about predatory lending and fighting poverty.pBut his arrest on federal corruption charges has clearly complicated his work as the state's chief executive and already cost the state some $20 million. The state is facing a potential $2.5 billion budget deficit and the governor doesn't have the same horsepower — or clout — to address the problem that he had just a month ago./ppNo one in the state capital trusts Blagojevich enough to give him authority to trim the budget on his own, as he requested in November. Any other idea he advances would probably be rejected out of hand. Yet no other official can take the lead./ppEverything just comes to a halt. You have complete paralysis, said House Republican Leader Tom Cross of Oswego./ppBlagojevich, a second-term Democrat, was arrested Dec. 9 on charges accusing him of scheming to swap President-elect Barack Obama's vacant Senate seat for profit, shaking down a hospital executive for campaign donations and other wrongdoing./ppThe governor has defiantly insisted he's done nothing wrong and that he will not resign. His aides say he is going about business as usual./p |
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Germany vs Italy in World Court over WWII claims
Headline Legal News |
2008/12/26 09:14
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| Germany has filed suit at the World Court asking Italy to stop its legal system from awarding damages to victims of Nazi war crimes.pThe complaint, filed Tuesday in The Hague, follows a ruling by Italy's top criminal court ordering Berlin to pay euro1 million (US$1.4 million) in damages to nine relatives of victims of a June 1944 massacre in the Tuscan town of Civitella./ppIn the atrocity, German soldiers killed more than 200 civilians to avenge a deadly attack by partisans./ppIn its filing with the World Court, Germany argued that as a sovereign state it has immunity in Italian courts, and that any decision rendered in the Italian judiciary is unenforceable./ppGermany, which says it has paid reparations for Nazi crimes under international treaties with Italy, rejected the ruling handed down by Italy's Court of Cassation two months ago./ppGerman Foreign Ministry spokesman Jens Ploetner said seeking compensation for World War II crimes was morally understandable but it is, in judicial terms, the wrong way to address this injustice, and so this ruling is not acceptable for us./ppCompensation claims against Germany have been winding through the Italian judiciary since the late 1990s, when Luigi Ferrini sought restitution for his arrest and deportation to Germany in 1944 to work as a slave laborer in the Nazi armaments industry./ppGermany fought the case, pleading immunity. Ferrini lost in two lower courts before the Court of Cassation overturned the previous decisions in 2004 and recognized Italian jurisdiction./p |
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