Kinde Durkee, a former campaign treasurer to Democrats in California including U.S. Senator Dianne Feinstein, pleaded guilty to charges she embezzled thousands of dollars from political committees that hired her.
Skilled Healthcare Group Inc. asked a California judge to declare a mistrial or order a new trial over a jury’s $677 million damages award for claims the company improperly staffed its nursing homes.
Moody’s Investors Service Inc., Standard & Poor’s and Fitch Ratings asked a judge today to dismiss a lawsuit filed by two California investors who claim the companies gave inflated ratings to inferior bonds. The companies named the bonds “investment grade” to achieve more sales of their rating services and didn’t downgrade the bonds until Lehman filed for bankruptcy in 2008, plaintiff Ronald Grassi said.
Standard & Poor’s, Moody’s Investors Service and Fitch Ratings sought dismissal of a lawsuit by two
California investors, claiming they weren’t responsible for the plaintiffs’ investment decisions.
Christopher Warren, a Californian who fled to Ireland and Lebanon, was arrested in connection with a $100 million Ponzi scheme involving mortgage fraud, U.S. prosecutors said.
Backers of California’s gay marriage ban lost a bid to keep some of their donors’ names secret after a judge said campaign-finance disclosure laws outweigh concerns that supporters may be harassed.
A New Jersey broker of processed tomato products agreed to plead guilty to price-fixing and racketeering charges and pay $600,000 for making kickbacks to customers and inflating prices, prosecutors said.
A ballot measure to ban gay marriage in California can go to voters in November, a judge ruled, over
the objection of an advocacy group that said state Attorney General Jerry Brown improperly changed its wording. A group opposed to same-sex marriage sued the state claiming Brown’s changes to the measure’s title and summary — the first words voters see on their ballots — could sway Californians to vote against it.