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Tuesday, nov 26
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United States District Court for the Southern District of New York
News
Trio Accused Of Insider Trader After NY Company's Stock Surged Following Rebranding
The Securities and Exchange Commission has charged three people with insider trading on allegations they bought shares of a New York company before its announcement it would "pivot" to a surprise name change and new business model. Eric Watson, an undisclosed control person of Long Island-based Long Blockchain, drove the business change during the 2017 crypto craze and tipped off his friend and broker, Oliver Barret-Lindsay, according to the SEC's complaint, filed in the United States District Court for the Southern District of New York on Friday, July 9. Long Blockchain, based in…
Politics
NY Judge: Trump Admin Acted In 'Bad Faith' By Adding Citizenship Question
Citing “bad faith,” a federal judge has ordered President Donald Trump’s administration to disclose additional information regarding its decision to add a citizenship question to the 2020 census. Judge Jesse Furman of the United States District Court for the Southern District of New York announced on Tuesday that lawyers representing the government must produce a log of documents that were being withheld, as well as provide an explanation for why the administration did so. Furman further demanded that the government include documents from the Commerce and Justice Departments in their disco…
News
Bus Company Owner Found Guilty Of Fraud, Bribery, Theft In Westchester
The 50-year-old owner of an area bus repair and transportation company is now awaiting sentencing for fraud, bribery and theft. Richard Brega, the former owner of Brega D.O.T. Maintenance Corp. in Rockland County, was found guilty by a federal jury in White Plains, according to Geoffrey S. Berman, the United States Attorney for the Southern District of New York. The convictions were for Brega’s billing the Rockland Board of Cooperative Educational Services (BOCES) for maintenance of school buses that were never performed, and bribery of a Rockland BOCES official. The convictions resulted …
News
NY AG Files Suit Against Trump Administration Over Citizenship Question
A multi-state coalition of elected officials, led by New York State Attorney General Eric Schneiderman, officially filed a lawsuit in district court to block President Donald Trump and the federal government’s to bring back a question asking about citizen status in the 2020 United States Census. Schneiderman - leading a coalition of 18 state Attorneys General and six cities and the bipartisan U.S. Conference of Mayors - filed a lawsuit to block the Trump administration from demanding citizenship information in the census, stating that “demanding citizenship information from the census would …
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