News Headlines
Business News
Here is a round up of the latest business news for your intereste from the following sources:
icliverpool, M.E.N and Times Online/Law
Lehman bosses ‘used lazy gimmick’
Dick Fuld, the former chief executive of Lehman Brothers, and some of his closest lieutenants used a “lazy accounting gimmick” to hide the fact that the bank was insolvent, an explosive report by a court-appointed legal examiner has found.
Insider dealer Calvert sentenced to 21 months in prison
A former Cazenove partner found guilty of insider dealing was behind bars last night after being sentenced to 21 months imprisonment.
Burberry sues American stores group
Burberry is suing a cut-price designer clothing chain in the United States for allegedly selling “counterfeit” versions of the distinctive beige check pattern in its stores.
Ex-Cazenove partner jailed for 21 months
Malcolm Calvert, a former partner in Cazenove, has been sentenced to 21 months imprisonment for insider dealing in the shares of three UK companies.
Libel laws silenced me, says Francisco Lacerda, critic of lie detector system
England’s libel laws have been used to silence scientific critics of lie detection technology on which the Department of Work and Pensions (DWP) has spent £2.4 million.
Criminal justice system should stop sending so many people to prison
Some crimes are so serious and some criminals so dangerous that prison is the only possible disposal; nobody disputes that. Even so, why have prison numbers burgeoned by nearly 40 per cent since 1997 to a level where we now imprison more per 100,000 of population than any other country in Europe? Where we have more lifers than Russia? How has it come to this?
Berezovsky wins High Court damages over Litvinenko murder claim
Boris Berezovsky won £150,000 High Court libel damages yesterday over claims on a Russian television broadcast about the radiation poisoning murder of Alexander Litvinenko.
Judges fear prisons will burst under new rules
Britain’s leading criminal judges warn that a shake-up of sentencing guidelines could push prison overcrowding to crisis levels.
Malcolm Calvert, former Cazenove partner, guilty of insider dealing
A former partner at Cazenove was convicted of insider dealing yesterday after making more than £100,000 profit from trading ahead of three takeovers.
Fraud and corruption is costing Britain 30 billion a year
It is almost 25 years since the Roskill Report published its radical recommendations for improving the way complex fraud, corruption and financial market crimes are tackled.
Lawyer of the Week: Jessica Learmond-Criqui
Jessica Learmond-Criqui, a founding partner of Learmond Criqui Sokel, acted for Stephanie Booth (the stepmother of Cherie Booth, QC), who successfully sued for unfair dismissal after losing her job for whistleblowing. She had raised concerns about the lack of health and safety procedures that were putting their charges, vulnerable young people, at risk.
Legal aid lawyers told to wait for their money
Jack Straw’s frustrations with the running of the £2.1 billion a year legal aid scheme were laid bare this week along with the policy clashes that have led to the demise of the body in charge.
Be your own judge: try your hand at sentencing
The clamour over Jon Venables highlights a punitive public mood that killings such as that of James Bulger evoke. The case is exceptional but the inclination of the public to tough sentencing is not. Or is it?
Why is the EU failing to comply with its international law obligations over Israel?
If you lived on a street where a neighbour frequently and flagrantly broke the law, you would want something done about it, especially if that neighbour took part of your garden, replaced the fence with a 30ft wall, cut down your trees and redirected your water supply.
Ex-Cazenove partner found guilty of insider dealing
Malcolm Calvert, a former partner at Cazenove, the Queen’s stockbroker, has been convicted of insider dealing and faces up to seven years in prison.
Psychiatric report said Jon Venables was ‘a negligible risk’
A psychiatric report that paved the way for the release of Jon Venables, one of James Bulger’s killers, concluded that he posed a “trivial” risk to the public, The Times has learnt.
Law firms prepare to float on the stock market
City law firms are preparing to raise millions of pounds from external investors as the British legal market braces for its own version of Big Bang.
Winterflood Securities begins second market abuse appeal
Winterflood Securities, the City market-maker, went to the Court of Appeal today for its latest attempt to overturn a ruling that the firm and two of its brokers committed market abuse.
'Every prisoner will be looking out for Venables'
If Jon Venables appears in the dock in a magistrates’ court, few will know his true identity. Even his Liverpudlian accent will be barely discernible as he confirms his false name to the court.
Judges told they have no power to allow secret evidence in Guantanamo case
Three of the country’s top judges were told yesterday that they had no power to allow ministers to use secret evidence in fighting a damages claim by six former Guantanamo Bay detainees over alleged ill-treatment.
Photography under threat: The shooting party’s over
Put that camera away. Yes, you, put it away right now. This is a public place, you can’t take pictures here. What right have you got to take photographs? People might not like it. Did they say you could take photographs? Did they? No. Are you some sort of paedo? A terrorist? Gimme that camera. Delete those images. Delete your rights, delete trust, delete innocence before guilt. You’re nicked.
Soon every Swiss dog could have his day in court
There is no better place than Switzerland to be a chicken. Or a hamster. Or even — though the jury is still out on this — a goldfish.
AIG subsidiaries settle discrimination charges
Two subsidiaries of American International Group (AIG) agreed to at least $6.1 million to settle allegations that they discriminated against African-American borrowers.$
Total faces 100m payout to Shell for Buncefield
Alex Spence
Ex Cazenove broker 'skilled at share picking'
A former partner at Cazenove, the Queen’s stockbroker, who is standing trial on insider dealing charges, is “a skilled market observer” with “the ability to pick a winner” a court heard today.
