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San Francisco Mortgage Fraud Closings Draw Crowd
Some experienced white-collar hands assembled for closings Monday in one of the few federal mortgage fraud cases to hit a Northern California jury. Judy Yeung, a woman well known in San Francisco political circles, is accused of using straw buyers to obtain fraudulent mortgages totaling $6.5 million. Her case is fairly representative of the DOJ's local mortgage fraud docket; since the housing market collapsed, prosecutors haven't brought any large-scale indictments against corporate lenders in the Bay Area.Cite as: Daryl Graham v. Leonard Portuondo, 01-CV-6911, NYLJ 1202470007110], at *1 (EDNY, Decided August 12, 2010) Jack B. Weinstein, United States District Jud
Senators to Press for Suing OPEC Over Pricing
With energy prices soaring and the Organization of Petroleum Exporting Countries planning to cut oil production, a coalition of senators plans to pressure President Bush to sue OPEC for price-fixing under U.S. antitrust laws. Although legal precedents and foreign policy ramifications stand in the way, Sen. Arlen Specter, R-Pa., says it is time to set new precedents for the emerging global economy.Akin Gump Chips Way Into Bay Area
Akin Gump has poached a pair of partners from local Bay Area firms, bolstering its fledgling San Francisco outpost and underscoring the significance of out-of-town firms in the current lateral-partner recruiting season. Reginald Steer and Karen Kubin, longtime Bay Area litigators who practiced at Pillsbury Winthrop and Cooley Godward, respectively, announced Wednesday they were moving to Chicago-based Akin Gump. The moves give Akin Gump nine attorneys in its four-month-old San Francisco office.Every Firm in D.C. Works on Intel Settlement
OK, not every firm. But few rivalries have ever produced as much legal work as the one between chip-making giants Intel and Advanced Micro Devices.The Court vacated the honest services convictions of the Enron and Hollinger execs but remanded their cases to the circuit courts to determine if other parts of their convictions can stand. We've got predictions from Skilling counsel Dan Petrocelli at O'Melveny and Black counsel Miguel Estrada at Gibson--and an opposing take from Black's prosecutor, Eric Sussman, who's now at Kaye Scholer.
Latham to Open Two Offices in Spain
Few U.S. law firms have entered the Spanish legal market, but Latham & Watkins is changing that. The firm announced Monday that it will open offices in Madrid and Barcelona on Jan. 1. "Spain is actually a very strong economy in Europe and has been extremely active in the private equity markets," said Latham Chairman and managing partner Robert Dell. Latham lured M&A hotshot Jose Luis Blanco from the large Spanish law firm Cuatrecasas to head up its new operation, which will be headquartered in Madrid.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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