Newport Beach's McKennon Law Group are experts at litigating and resolving bad faith insurance claim disputes. With extensive years of professional work in this area of practice, our law firm is one of the leading insurance litigation firms who can advocate for your case.
Our insurance bad faith attorneys are able to achieve the best settlement and verdicts when at court. California law imposes on every insurance contract a duty of good faith and fair dealing, based on fundamental fairness. The duty requires both parties to the insurance contract to conduct themselves in a manner which is fair and reasonable. Having worked with hundreds of bad faith insurance cases, we can get the success and best outcome for your bad faith insurance claims.
Tuesday, June 25, 2013
Thursday, May 23, 2013
Court: US can keep bin Laden photos under wraps
A federal appeals court is backing the U.S. government’s decision not to release photos and video taken of Osama bin Laden during and after a raid in which the terrorist leader was killed by U.S. commandos.
The three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia turned down an appeal Tuesday from Judicial Watch, a conservative watchdog group, which had filed a Freedom of Information Act request for the images.
The court said that the CIA properly withheld publication of the images. The court concluded that the photos used to conduct facial recognition analysis of bin Laden could reveal classified intelligence methods — and that images of bin Laden’s burial at sea could trigger violence against American citizens.
The three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia turned down an appeal Tuesday from Judicial Watch, a conservative watchdog group, which had filed a Freedom of Information Act request for the images.
The court said that the CIA properly withheld publication of the images. The court concluded that the photos used to conduct facial recognition analysis of bin Laden could reveal classified intelligence methods — and that images of bin Laden’s burial at sea could trigger violence against American citizens.
Thursday, April 18, 2013
RI Supreme Court settles $8,500 Vegas loan dispute
What happens in Vegas shouldn't necessarily stay in Vegas, the Rhode Island Supreme Court said Friday as it ruled a Providence man who called a friend from Sin City to borrow $8,500 for gambling losses must pay it back despite an old law that says otherwise.
The court opinion ends a long legal dispute over the money given to Juan Catala by David S. Vogel, a Providence attorney who ran for Congress last fall as an independent. But despite the ruling from the high court, Catala said he'll never repay his former friend.
"I'll go to jail before I give him a dollar," Catala told The Associated Press.
According to court documents, Catala and his fiancée were on a trip to Las Vegas in 2007 when Catala called Vogel for help. According to Vogel, Catala said he had lost a substantial sum of money gambling and needed to recover his losses. Vogel agreed to wire $8,500 to the Bellagio Hotel.
After Catala refused to repay the loan, Vogel sued. Catala initially disputed that he had received the money but later argued that the loan was void because of a more than century-old Rhode Island law that invalidates loan agreements when the lender knows the money would be used for gambling. On Friday, Catala said Vogel gave him the money as an investment, with the understanding that he would be paid back only if Catala won.
Monday, April 8, 2013
Ex-Goldman trader pleads guilty in NY fraud probe
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.
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.
Tuesday, February 5, 2013
Arnold Law Office, LLC - Criminal Defense
If you are facing Oregon state or municipal criminal charges, it is important to promptly retain competent criminal defense legal counsel. A thorough review by an Oregon criminal defense attorney followed by an investigation can often make or break a case. The most candid remarks from potential witnesses come before the state has had multiple opportunities to interrogate and prepare witnesses. This is especially important in serious felony cases or Measure 11 and other mandatory minimum sentence cases.
When your liberty is in jeopardy due to a criminal case, it is important to invest in an Oregon criminal defense lawyer who will give your case the attention that it and you deserve. You need to make an informed decision about the merits and hazards of a jury trial versus the advantages of plea negotiations.
http://www.arnoldlawfirm.com/defense.html
When your liberty is in jeopardy due to a criminal case, it is important to invest in an Oregon criminal defense lawyer who will give your case the attention that it and you deserve. You need to make an informed decision about the merits and hazards of a jury trial versus the advantages of plea negotiations.
http://www.arnoldlawfirm.com/defense.html
Thursday, January 3, 2013
Ex-hedge fund manager pleads not guilty in NYC
A former hedge fund portfolio manager charged with engineering a record-setting inside trade scheme has pleaded not guilty to insider trading charges.
Authorities say Mathew Martoma persuaded a medical professor to leak secret data from an Alzheimer's disease drug trial. Investigators say it helped him earn more than a quarter-billion dollars in illegal profits.
Martoma appeared Thursday in federal court in Manhattan. He remains free on bail.
He was arrested in November at his $2 million Palm Beach County, Fla., home on securities fraud and conspiracy charges.
He is a former portfolio manager at an affiliate of a Stamford, Conn.-based firm owned by Steven A. Cohen, one of the world's richest men.
Martoma is the fourth person associated with SAC Capital to be arrested on insider trading charges in the past four years.
Authorities say Mathew Martoma persuaded a medical professor to leak secret data from an Alzheimer's disease drug trial. Investigators say it helped him earn more than a quarter-billion dollars in illegal profits.
Martoma appeared Thursday in federal court in Manhattan. He remains free on bail.
He was arrested in November at his $2 million Palm Beach County, Fla., home on securities fraud and conspiracy charges.
He is a former portfolio manager at an affiliate of a Stamford, Conn.-based firm owned by Steven A. Cohen, one of the world's richest men.
Martoma is the fourth person associated with SAC Capital to be arrested on insider trading charges in the past four years.
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.
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