The UCLA/Under Armour lawsuit involves hundreds of millions of dollars in potential damages. If your company is sued for breach of contract or other commercial dispute, you need serious legal representation. Rosenbaum & Taylor`s commercial litigation lawyers in New York are ready to help. Call us today to discuss and defend against the lawsuit. On February 12, 2020, Angel Armando Adrianzen pleaded guilty to two counts of possession of child pornography. The equipment was found on Adrianzen`s cell phone and laptop as government officials executed search warrants on both devices as part of an independent investigation into the fraud. The fraud investigation led to Adrianzen`s conviction in November 2019 for conspiracy to commit mail and bank transfer fraud. As part of the fraud app, Adrianzen admitted that he worked with call centers in Peru that took money from vulnerable and elderly Spanish-speaking victims in the United States through lies and threats. The verdict is scheduled for April 20 in Miami. On January 22, 2020, two Mississippi men were convicted of their involvement in a conspiracy to reset the odometers of used vehicles. U.S. District Judge Louis Guirola Jr.
sentenced Oscar M. Baine, 42, to 36 months in prison and ordered him to pay $619,200 in reparations. Jeffrey Lyn Savarese II, 36, was sentenced to 15 months in prison and ordered to pay $320,000 in reparations. Both men pleaded guilty to conspiracy to change the odometers in July 2019. Baine pleaded guilty and admitted that between 2011 and 2014, he ensured that the odometers of at least 387 vehicles were returned to false and lower mileage levels and then sold from his parking lot in Gulfport, Mississippi, to unsuspecting consumers. Savarese admitted that he had made at least 200 flashbacks for Baine. On January 13, 2017, the ministry ratified a nearly $864 million settlement agreement with Moody`s Investors Service Inc., Moody`s Analytics Inc. and their parent company Moody`s Corporation regarding allegations stemming from Moody`s role in providing credit ratings for mortgage-backed residential real estate (RMBS) and secured debt securities (CDOs) that contributed to the worst financial crisis since the Great Depression. The agreement resolves ongoing lawsuits in the states of Connecticut, Mississippi and South Carolina, as well as potential claims from the Department of Justice, 18 states and the District of Columbia. The settlement follows an investigation by the Consumer Protection Branch and the U.S.
Attorney`s Office for the District of New Jersey into possible claims under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and investigations by various attorneys general under state law. The settlement includes a civil penalty of $437.5 million, the second largest payment of its kind ever made to the federal government by a rating agency. The remainder shall be distributed among the Member States of the resolution in accordance with the terms of the Agreement. States involved in the settlement include Arizona, California, Connecticut, Delaware, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Mississippi, Missouri, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina and Washington, as well as the District of Columbia. The multi-faceted settlement includes a statement of facts in which Moody`s acknowledged essential aspects of its conduct and a compliance agreement to prevent future violations of the law. The Statement of Facts discusses Moody`s representations to investors and the general public about: (1) its objectivity and independence; (2) the management of conflicts of interest; (3) its compliance with its own RMBS and CDO rating methods and standards; and (4) the analytical integrity of certain scoring methods. The statement of facts focuses in particular on whether Moody`s credit ratings have been affected by conflicts of interest that Moody`s itself admits as conflicts of interest under the “issuer remuneration model”, in which Moody`s and other rating agencies are selected by the same entity that compiles and markets the rated securities and can therefore benefit from higher credit ratings. The Statement of Facts also addresses Moody`s failure to comply with its own published standards in the assessment of RMBS and CDOs. The settlement includes significant commitments by Moody`s to improve its business practices, including: separating Moody`s business and rating functions; independent review and approval of changes to evaluation methods; changes to ensure that key individuals are not compensated based on the company`s financial performance; improve Moody`s oversight of its press releases and develop methodologies; and attestations of compliance with these obligations by the President and CEO of Moody`s for at least five years.
If the parties to a contract, orally or in writing, do not comply with their part of the agreement, they may be considered to be in breach of the contract. There are a number of ways in which a breach of contract can occur, but the most common are: In its first lawsuit to combat fraud related to the coronavirus pandemic, the ministry obtained an injunction on March 22, 2020 to block a website purporting to offer Covid-19 vaccine kits from the World Health Organization to the public. The website said the kits would be sent in exchange for a $4.95 shipping fee, which consumers would pay by providing credit card billing information. In fact, there is currently no legitimate vaccine for COVID-19. The lawsuit, filed under the Anti-Fraud Injunctions Act (18 U.S.C. § 1345), was filed against a defendant of John Doe who intervened on behalf of the site operator, whose true identity remains unknown. NameCheap, Inc., the company that registered the fraudulent website on behalf of the defendant, shut down the website within hours of receiving the TRO from U.S. District Judge Robert Pitman. Masonry Mechanics v.
Breton Construction $200,000 Mr. Wilson represented Breton Construction in this suit for construction defect and breach of contract. Masonry Mechanics sued Breton Construction for several hundred thousand dollars for non-payment for its work. Mr. Wilson proved that Breton Construction refused to pay for the work because it was defective. In addition, Mr. Wilson proved that Masonry Mechanics caused Breton Construction approximately $200,000 in late damage. In arbitration, the court awarded nothing to Masonry Mechanics and awarded Mr. Wilson`s client approximately $200,000. Defendants in usP Labs Dietary Supplement Scheme for conviction in July/August 2020USA v USP Labs on August 24, 2020. In March 2020, U.S. District Judge Robert N.
Scola sentenced Rodolfo Hermoza to 88 months in prison in connection with his surveillance of call centers in Peru, which threatened U.S. consumers with fraudulent severance pay for non-existent debt. The accused was also sentenced to reparations paid to the victims. In a guilty plea, Hermoza admitted that he and other appellants he oversaw falsely told victims that they were lawyers or government officials. The appellants claimed that the victims owed thousands of dollars in fines and threatened the victims with alleged prosecution, negative marks on credit reports, detention and deportation. Hermoza and the other appellants told the victims that they had to immediately pay a “billing fee” to avoid these consequences. Hermoza was extradited from Peru last year. One of his co-defendants will be convicted in April, and another co-accused is expected to be tried later this spring. On March 31, 2014, the U.S.
District Court for the Eastern District of New York issued an injunction against New York City Fish, Inc., a manufacturer of ready-to-eat fishery products, including smoked salmon and mackerel, and three of its employees: Maxim Kutsyk, Pavel Roytkov, and Leonid Staroseletesky. In a court case last summer, the government presented evidence that each of the defendants had not followed current good manufacturing practices, failed to keep records necessary to assess food safety, and processed the fish in such a way that it could lead to contamination with Listeria monocytogenes. which was contrary to the federal food law. Medicines and Cosmetics (“FDCA”). People who eat food contaminated with Listeria monocytogenes can develop listeriosis, which can be serious or even fatal for vulnerable groups such as newborns and people with weakened immune systems. Complications of the disease can also lead to miscarriage. The court noted that each of the defendants had violated the FDCA in the past and that the court had “little assurance” that the defendants would comply with food safety laws in the future. A copy of the court order is available. Examples of a breach can be any scenario in which one or more parties who are required by law to comply with the terms of a contractual agreement fail to comply with their obligations.