Law Offices of Howard G. Smith Announces Class Action Lawsuit

Headline Legal News 2012/03/19 09:55   Bookmark and Share
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of all persons or entities who purchased the securities of First Solar Inc. between April 30, 2008 and February 28, 2012, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934.

First Solar engages in the design, manufacture and sale of thin-film semiconductor solar modules and photovoltaic solar power systems in the United States and internationally. The Complaint alleges that defendants issued false and misleading statements and/or failed to disclose material adverse facts about the Company's business, operations and prospects. Specifically, Defendants misrepresented or failed to disclose: (1) the full impact of certain solar module manufacturing flaws on the Company’s earnings; (2) that the Company was improperly recognizing revenue concerning certain products in its systems business; (3) that the Company lacked adequate internal and financial controls; and (4), as a result of the foregoing, that the Company's statements were materially false and misleading at all relevant times.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased First Solar securities between March 31, 2011 and February 6, 2012, you have certain rights, and have until May 14, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

top

Florida CVS stores' suspension put on hold

Court Watch 2012/03/16 10:18   Bookmark and Share
A federal appeals court has put on hold the suspension of two Florida CVS pharmacies that would have prevented them from selling controlled substances.

The court on Wednesday stopped the suspension while it considers an appeal from the stores. The Drug Enforcement Administration had issued the suspension because of alleged lax enforcement of restrictions on a powerful painkiller.

The DEA says the pharmacies were dispensing the painkiller oxycodone far in excess of legitimate needs. CVS says it has taken steps to reduce the prescriptions.

On Tuesday, a federal judge denied the CVS stores' request for a preliminary injunction in the case, but the stores immediately appealed.

The appeals court has already put on hold DEA's suspension of Cardinal Health's Lakeland, Fla.-based center that supplied the stores.

top

US court looks at possible Edwards lawyer conflict

Headline Legal News 2012/03/15 09:17   Bookmark and Share
A federal judge planned to hear Thursday whether former North Carolina Sen. John Edwards would create problems for his upcoming trial by hiring lawyers who represented his mistress in a lawsuit over the couple's alleged sex tape.

The hearing scheduled in Greensboro aims to air whether lawyers Alan Duncan and Allison Van Laningham could use insider knowledge of Edwards' mistress Rielle Hunter at the former presidential candidate's trial beginning next month.

Duncan and Van Laningham represented Hunter in a lawsuit that ended last month with a settlement that ordered all copies of the tape destroyed.

Federal prosecutors have said they'll likely call Hunter as a witness at Edwards' trial on campaign finance charges that he used nearly $1 million from two wealthy donors to hide the pregnant Hunter as he sought the White House in 2008. He has pleaded not guilty.

"To whom would Mr. Duncan's and Ms. Van Laningham's allegiance lie? Their new client or the one they represented as recently as two weeks ago in a lawsuit seeking to enforce those very privacy rights?" federal prosecutors said in a court filing last week.

Because of their previous attorney-client relationship with Hunter, Duncan and Van Laningham might take it easy on her if they were questioning Hunter under oath, prosecutors said.

top

Man accused in wife's death in DC to remain held

Attorney News 2012/03/14 10:48   Bookmark and Share

A German-born man who is charged with killing his 91-year-old socialite wife and who a doctor has said was delusional will spend at least another month in a mental health hospital, a judge decided Wednesday.

A judge ordered Albrecht Muth, 47, held for another month during a mental health hearing in D.C. Superior Court.

Muth is charged in the August strangulation and beating death of his wife, Viola Drath, a German journalist. He was sent from jail to a psychiatric hospital in February for a competency screening after a doctor said Muth was delusional and claimed the Archangel Gabriel tells him what to do.

A report filed in court Tuesday said a psychologist who examined him at Saint Elizabeths Hospital had concerns about his current ability to rationally understand the proceedings against him and his ability to help his attorneys with his case. The hospital said it believes Muth's mental health is likely to improve with time and treatment, however.

Muth's lawyers and lawyers for the government agreed the hospital should be given additional time to treat him.

District of Columbia Superior Court Judge Russell Canan encouraged Muth to work with the hospital staff. Muth nodded but did not say anything during the hearing. Canan scheduled the next hearing in the case for April 25.

top

New York Securities Industry Litigation Law Firm

Headline Legal News 2012/03/14 10:47   Bookmark and Share
We have an extensive track record of successful engagements that can be matched by few firms of our size. With a dedicated focus on the financial services arena, we represent broker-dealers, registered representatives and other industry participants in a broad spectrum of securities disputes in court and in FINRA arbitration. Our principal attorney has handled approximately 200 FINRA arbitrations and has a lengthy record of success in those matters that have been tried to verdict.

Securities Litigation and Arbitration

Our clients have entrusted us to litigate sales practice disputes of virtually every type, encompassing a wide variety of products. As a small law firm, we are free from the conflicts faced by many larger law firms. This flexibility enables us to represent investors with substantial claims, along with claims in which one broker-dealer is adverse to another. Our founding partner is a certified arbitrator for FINRA and the NFA and formerly served as in-house counsel for an NYSE-member broker-dealer. This in-the-trenches experience provides unique insight to our advocacy.

Herskovits Law is a New York based law firm and has expertise in defending clients facing allegations of market manipulation and assorted FINRA rule violations. Their experience consistently guides their approach to successfully help fight for the rights of the victims of industry allegations.
top

SF sheriff in political thicket after guilty plea

Court Watch 2012/03/13 10:48   Bookmark and Share
The San Francisco sheriff has a political thicket to get through now that he's putting his legal woes behind him with a plea bargain in a domestic violence case that made international headlines.

Sheriff Ross Mirkarimi pleaded guilty Monday to a misdemeanor charge of false imprisonment in exchange for the dropping of three more serious charges, including misdemeanor domestic violence and child endangerment.

The plea doesn't automatically disqualify Mirkarimi from office, but San Francisco Mayor Ed Lee said Monday he plans to consult with city attorneys and investigate what disciplinary actions he can take. Lee does have the authority to attempt to remove Mirkarimi from office if the mayor believes the conviction rises to official misconduct.

"This clearly remains serious and troubling for our city," Lee said in a statement.
top









Disclaimer: Nothing posted on this blog is intended, nor should be construed, as legal advice. Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Nothing submitted as a comment is confidential. Nor does any comment on a blog post create an attorney-client relationship. The presence of hyperlinks to other third-party websites does not imply that the firm endorses those websites.

Affordable Law Firm Website Design