UPDATE 6-26-12: Poytner’s Silverman found another made up story by Paresh Jha that the Hearst editors haven’t identified yet. He wrote this morning he’s going to stay on the story until Hearst starts answering questions and details which stories are made up so the reader can figure out what’s news v. fiction. Now that’s my […]
Continue23 Jun
Hearst Journalist Paresh Jha Fired for Fabricating Sources at New Canaan News
Update 6-25-12 (2:15pm): A former elected political official from New Canaan told me they were misquoted by Paresh while running for local office and complained to his editor Ashley Varese last year but no changes were made. Varese has not responded for comment Hearst Newspaper’s lead reporter for New Canaan, Ct was fired yesterday after […]
Continue19 Jun
Federal Judge Makes it Easier for Monolines to win Big Damages in JP Morgan RMBS Putback Suits
The monolines suing JP Morgan for RMBS putbacks got a BIG win today in Federal court. Judge Crotty showed he wasn’t buying the banks fancy legal arguments about needing to show a loan already blew up before you get your money back because you issued reps and warranties that weren’t actually true. This means New […]
Continue14 Jun
Syncora Lawyers Could Clear Big Legal Hurdle making JP Morgan pay Billions in Putback Suits
The mortgage crisis litigation team at Paterson Belknap Taylor & Webb had their big RMBS putback hearing yesterday in New York Federal Court. It centered on one of the first monolines, Syncora, to highlight the alleged massive securities fraud Bear Stearns and EMC were engaged in when they sold billions of residential mortgage backed securities […]
Continue12 Jun
Spongetech Fraudster Moskowitz makes SEC Plea Deal
Nearly six months after Steven Moskowitz plead guilty of one criminal count in the Spongetech pump and dump stock scheme the Securities and Exchange Commission got him to settle their securities fraud suit. On May 30th court filings show Moskowitz, co-conspirator of one of the most audacious penny stock frauds that cheated thousands of regular […]
Continue7 Jun
More Bear Stearns Executives get off without Paying Millions in Shareholder Settlement Cost
Bear Stearns lawyers at Paul Weiss are slapping them self on the back today after stockholders and pension funds who sued Bear executives for misleading them about the health of the company months before it failed agreed to a cash settlement of only $275 million on Wednesday. The suit’s settlement lead by Michigan’s retirement fund, […]
Continue5 Jun
New Canaan Dems Pick Unemployed Man for 125th seat Congressional Run
New Canaan democrats seem to have chosen a shiny polished Columbia grad, Mark Robbins, to make a run for the State congressional seat. It’s a chance to unseat the GOP stronghold Rep. John Hetherington had for so many years and Robbins credentials on paper, including time served on New Canaan’s long range planning board, looks […]
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