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Posts sent on: 2013-08-15

Aug152013

Pujols: Taking legal action vs. Clark











Louis Cardinals star accused him of taking performance-enhancing drugs. Pujols released a statement Friday night claiming he was targeting Clark and the radio station on which his show had been airing. But early Saturday morning, the company that put Clark and co-host Kevin Slaten on the air, insideSTL Enterprises, announced the pair would not be returning to the air, according to a report from stltoday.com. The report said the radio station, WGNU, was leasing its midday weekday airtime to insideSTL Enterprises, and only been airing the show featuring Clark and Slaten since Aug. 1. In his statement, Pujols said he was taking a stand against his false accusers. BIOGENESIS BANS Bans will change MLB contracts "I am currently in the process of taking legal action against Jack Clark and his employers at WGNU 920AM," the injured Los Angeles Angels ' slugger said the statement Friday night. "I am going to send a message that you cannot act in a reckless manner, like they have, and get away with it. "If I have to be the athlete to carry the torch and pave the way for other innocent players to see that you can do something about it, I am proud to be that person. I have five young children and I take being a role model very seriously. The last thing I want is for the fans, and especially the kids out there, to question my reputation and character." Clark said Pujols' former trainer, Chris Mihlfeld, told him 10 years ago that he "shot him up." Mihlfeld told ESPN.com that he didn't tell Clark that Pujols took performance-enhancing drugs. "I haven't even talked to Jack Clark in close to 10 years," Mihlfeld said.
For the original version including any supplementary images or video, visit http://msn.foxsports.com/mlb/story/Albert-Pujols-Taking-legal-action-against-Jack-Clark-080913







North Carolina's sweeping voter ID law faces legal challenge




ncvoterlawap.jpg

McCrory, a Republican, also said residents overwhelmingly support the common sense law and that North Carolina is following 34 other states in requiring some form of vote ID. Daily politics news delivered to your inbox: sign up for our newsletter "While some will try to make this seem to be controversial, the simple reality is that requiring voters to provide a photo ID when they vote is a common sense idea, McCrory also said. This new law brings our state in line with a healthy majority of other states throughout the country. The suit specifically targets the parts of the law that eliminate a week of early voting, end same-day registration, and prohibit "out-of-precinct" voting. The changes will not take effect until the 2016 elections, the governor said in a 95-second video his office posted on YouTube. The new law allows voters to cast a provisional ballot if they come to a polling station without proper ID. The hours to cast an early ballot remain the same, and there will be 10 days for voters to cast their ballot early. However, the new law will not allow a person to register and vote on the same day. Other changes include an effort to reduce the pay-to-play culture of politics by placing additional campaign finance restrictions on lobbyists, according to the governors office. Supporters of the legislation say it is meant to prevent voter fraud, which they claim is both rampant and undetected. Critics, including Democrats and libertarians, suggested the true goal is to suppress voter turnout, especially among blacks, the young, the elderly and the poor.
For the original version including any supplementary images or video, visit http://www.foxnews.com/politics/2013/08/13/north-carolina-sweeping-voter-id-law-faces-legal-challenge/







Legal Events to Watch This Week






"Let me be perfectly clear: These problems were our fault, and it is our job to fix them," Dimon wrote in this year's annual letter to shareholders. "In fact, I feel terrible that we let our regulators down." Some observers think JPMorgan is being unfairly targeted. They say that regulators criticized for being too lax before the financial crisis are now overcompensating by being too punitive. "It is jihad against the largest U.S. banks," says Tom Brown, founder of the investment management firm Second Curve Capital and often a critic of the industry. Among the legal problems JPMorgan is facing or has recently settled: The London whale: The Department of Justice and the Securities and Exchange Commission are looking into last year's $6 billion trading loss, which is nicknamed after the location of the trader who allegedly engineered it and the size of the bets he made. Authorities are focusing on whether the bank had adequate control over its trading operations, and also whether it tried to cover up or downplay the size of the loss. Federal prosecutors are reportedly preparing to arrest two employees who were involved. JPMorgan says it has also received requests for information related to "inquiries and investigations" by Congress, U.S.
For the original version including any supplementary images or video, visit http://abcnews.go.com/US/wireStory/jpmorgan-chases-list-legal-challenges-19943266







JPMorgan Chase's List of Legal Challenges




PHOTO: Genene Jones  Chelsea McClellan

Search Law Blog1 August 12, 2013, 7:52 AM Legal Events to Watch This Week Associated Press Army Pfc. Bradley Manning seen in a July photo. This week:Private First ClassBradley Manning is expected to speak at his sentencing.The military trial of Major Nidal Hasan , the U.S. Army psychiatrist accused of killing 13 people and wounding 32 others in a shooting rampage at Fort Hood in 2009, continues in Texas. Monday, Aug. 12 Dusten Brown, who faces anarrest warrant for not giving Baby Veronica back to her adoptive parents, is expected to surface in a Cherokee Nation . . . . . Error message Name We welcome thoughtful comments from readers. Please comply with our guidelines . Our blogs do not require the use of your real name. Comment RSS The Law Blog covers the legal arenas hot cases, emerging trends and big personalities.
For the original version including any supplementary images or video, visit http://blogs.wsj.com/law/2013/08/12/legal-events-to-watch-this-week-65/







Royal Bank America Resolves Legal Issues, Turnaround Moves Forward






We continue to address legacy credit and legal issues, though their volume and potential impact diminished in the quarter. A strategy to enhance retail banking has commenced and we continue to rationalize our company-owned real estate to more prudently apply their value to our core businesses. I remain optimistic that we can continue the momentum we have built the past six months.The Royal Bank brand is significantly evolving and creating better banking convenience for commercial, consumer and retail customers." Continuing positive impact of profitability improvement plan Specific initiatives of the Profitability Improvement Plan ("Plan") are reducing expenses and improving efficiency. These efforts have resulted in a nearly 12% reduction in the workforce and an annualized reduction of approximately 10% of discretionary expenses. Enhancements in products and procedures have resulted in new revenue that has exceeded expectations year-to-date.The expense reductions and revenue growth, combined, are intended to bring core performance more in line with our peers. As a result of the Plan, the Company recorded $111,000 in restructuring charges during the first six months of 2013. As mentioned previously credit related expenses (including OREO), professional and legal fees, and salaries and benefits declined $1.1 million, $842,000, and $600,000, respectively, year over year. The Company has also announced a unique approach to further improve productivity while reducing expenses. Certain of the Company's employees will become employees under a servicing agreement with a vendor specializing in asset resolution and asset maximization. The additional capital raise will position the Company to internet bid at an anticipated United States Department of Treasury auction of its Series A Preferred shares. A successful redemption of a portion of the preferred shares will provide advantages to the Company's shareholder and capital base and includes the ability to partially eliminate preferred dividends in arrears. The shareholders also approved subsequent shareholders' rights offering giving existing shareholders the opportunity to increase their investment in the Company at a discount comparable to the private placement. Search underway for proven retail leader The Company has engaged a leading executive search firm to identify experienced candidates to lead Royal Bank's retail banking operation.The new head of retail will further develop Royal Bank's deposit and consumer products and delivery channels, including options for realigning and invigorating the branch footprint.The Company anticipates a new leader being in place prior to January 1, 2014. Technology Enhancements Include New Website; Rebranding Continues Royal Bank launched an expanded and enhanced version of its website, www.royalbankamerica.com .The new site presents a dramatically improved user-experience and features responsive design elements that address the consumer's desire for "any time/anywhere/any device" access to custom-tailored views utilized. New site navigation provides faster access to online banking, a secure online home equity application, social media and current rates.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/royal-bank-america-resolves-legal-203100237.html




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