A division bench comprising Justices Thottathil B Radhakrishnan and Sunil Thomas said the court is taking a lenient view even though a more responsible behaviour is expected from Joseph, being a politician, lawyer, and a cabinet minister so as to maintain a balance. The court further said it expects Joseph to refrain such contemptuous behaviour in the future. … [Read more...] about Kerala HC closes Contempt Proceedings against Minister KC Joseph accepting unconditional apology
Post closing trial balance
For partners who are expected to generate business, it may be difficult to find partner-level work that other partners are willing to give up, says Carol M. Kanarek, an attorney who works as a career counselor in New York City. And partners and associates who have spent a large part of their career on a single case may find that they lose assignments to others in the office who are better-known because they haven’t been away for months or years, she says. … [Read more...] about Case Closed. Now What?
“The trial brief is an attempt by the government to get the judge to change his mind. I will say this about Ellis — I have seen him reconsider his own rulings during trial. The judge could change his mind, so this is worth a shot by the government. I have occasionally done this in the middle of trial where I think a judge is misinterpreting a rule of evidence or a rule of procedure.” … [Read more...] about Paul Manafort trial blog: Judge says showing jury flashy suits could ‘besmirch the defendant’
“The government believes that the judge has improperly prohibited them from introducing certain evidence at trial, to demonstrate that Manafort intentionally filed false tax returns. Remember, that burden is on the government and it must show specific intent. That’s a high burden. So, the government did some research and is presenting the judge with a bunch of cases that say it would not be error for him to permit the photographs of Manafort’s luxury items and large expenditures to be put before the jury. … [Read more...] about Paul Manafort trial blog: Bookkeeper testifies on financial records
Virtually All Proprietary Trading Broker-Dealers Would Be Required to Join FINRA Upon Adoption of the Proposed Rule 15b9-1 AmendmentsThe proposed amendments would severely limit the scope of the Rule 15b9-1 exemption as it exists today and effectively render the exemption unavailable for proprietary broker-dealer firms. In particular, the revised exemption would apply to a broker-dealer that effects transactions other than on a national securities exchange of which it is a member only for the purpose of either: (1) hedging the risks of the firm's floor-based activities; or (2) compliance with Rule 611 of Regulation NMS. Consequently, and because there is no de minimis exception of any sort in the proposed rule, a single off-exchange trade, including on an exchange of which the proprietary broker-dealer firm is not a member (even if through another broker-dealer that is a member of such exchange), presumably would trigger the obligation to become a FINRA member. The FINRA … [Read more...] about Proposed Amendments to SEC Rule 15b9-1 Would Require Most Proprietary Trading Broker-Dealers to Become FINRA Members