Court overturns conviction of NYSE specialists

Lawyer Blogs

A federal appeals court has overturned the securities fraud convictions of two New York Stock Exchange specialists.

Michael Hayward and Michael Stern were convicted in July 2006 after they were accused of stealing $1 million apiece. Prosecutors said they had skimmed small amounts of money from stocks they were entrusted to oversee.

The 2nd U.S. Circuit Court of Appeals notes that the government had already conceded that the conduct of the men was not manipulative. The court says their conduct was not deceptive either.

Hayward and Stern had worked for Van der Moolen Specialists USA LLC.

Related listings

  • US club gets heave-ho in America's Cup court fight

    US club gets heave-ho in America's Cup court fight

    Lawyer Blogs 07/30/2008

    Hold those giant catamarans just a minute, you bickering billionaires.The America's Cup appears to be headed away from a rare one-on-one showdown between American and Swiss crews and back to its traditional multichallenger format following a ruling b...

  • After court ruling, towns rush to repeal gun bans

    After court ruling, towns rush to repeal gun bans

    Lawyer Blogs 07/30/2008

    In 1981, this quiet northern Chicago suburb made history by becoming the first municipality in the nation to ban the possession of handguns.Twenty-seven years later, Morton Grove has repealed its law, bowing to a U.S. Supreme Court decision in June t...

  • Mass. House votes to let out-of-state gays marry

    Mass. House votes to let out-of-state gays marry

    Lawyer Blogs 07/30/2008

    The Massachusetts House has voted to allow gay marriages involving out-of-state couples. The lawmakers voted 118-35 Tuesday to repeal a 1913 law that bans couples from marrying in Massachusetts if their own states would not allow the unions.The state...

Is Now the Time to Really Call a Special Education Lawyer?

IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child.

Forte Law Group is one of only a very few law firms within the state of Connecticut that is dedicated to exclusively representing families and children with special needs.

Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer?” Here are a few things to consider when asking yourself that question.

Business News

St Peters, MO Professional License Attorney Attorney John Lynch has been the go-to choice for many professionals facing administrative sanction. >> read