The owner of a Los Angeles jewelry store pleaded guilty Monday for his role in an insider-trading case involving a former senior partner at accounting firm KPMG.
Bryan Shaw, 52, pleaded guilty to one count of conspiracy and was scheduled to be sentenced Sept. 16 when he faces a maximum of five years in prison.
"In this guilty plea, Mr. Shaw continued his path to fully accepting responsibility for his actions and doing the right thing," said Shaw's attorney Nathan Hochman.
Authorities said Shaw made more than $1 million in illicit profits by trading in advance of company announcements on earnings results or mergers for KPMG LLC clients, including Herbalife Lt., Skechers USA Inc. and Uggs maker Deckers Outdoor Corp.
In exchange, Shaw gave former KPMG accountant Scott London bags filled with cash, along with a $12,000 Rolex watch and jewelry for his wife, among other items, prosecutors said. The Securities and Exchange Commission, which filed civil charges in the case, estimates London received at least $50,000.
O.J. Simpson is back in a Las Vegas courtroom to ask for a new trial in the case that sent him to prison in 2008.
The former football hero and a new set of lawyers hope to convince a judge during a hearing that began Monday that trial lawyer Yale Galanter had conflicted interests and shouldn't have handled Simpson's armed case.
Simpson appeared in court wearing a blue jail uniform. His hair was short and grayer than it was during a previous court appearance in 2008.
He entered the courtroom in handcuffs, flanked by guards and nodded toward people he recognized in the second row.
Simpson is serving nine to 33 years in a Nevada prison. He's due to testify Wednesday.
Galanter is scheduled to testify Friday. He is declining comment before then.
Simpson says that Galanter knew ahead of time about his plan to retrieve what he thought were personal mementoes from two sports memorabilia dealers at a casino hotel room in September 2007.
The Mississippi Supreme Court has indefinitely delayed Tuesday's scheduled execution of Willie Jerome Manning amid questions involving evidence in the case, intervening hours before he was set to die for the slayings of two college students.
Manning, who had challenged errors involving evidence analysis, was originally set to receive a lethal injection at 6 p.m. CDT at the state prison in Parchman. But with mere hours remaining, the high court blocked the execution until it rules further in the case.
Manning was convicted in 1994 in the shooting deaths of two Mississippi State University students, Jon Steckler and Tiffany Miller. Their bodies were found in a rural area in December 1992.
The FBI has said in recent days that there were errors in agents' testimony about ballistics tests and hair analysis in the case.
Manning's lawyers had argued in recent filings before the Mississippi Supreme Court that the execution should be blocked based on the U.S. Justice Department's disclosures about testimony that it says exceeded the limits of science.
The court ruled 8-1 on Tuesday for a stay. The court had previously split 5-4 in decisions in the case.
Local governments in California's have legal authority to ban storefront pot shops within their borders, California's highest court ruled on Monday in an opinion likely to further diminish the state's once-robust medical marijuana industry.
Nearly 17 years after voters in the state legalized medical marijuana, the court ruled unanimously in a legal challenge to a ban the city of Riverside enacted in 2010.
The advocacy group Americans for Safe Access estimates that another 200 jurisdictions statewide have similar prohibitions on retail pot sales. Many were enacted after the number of retail medical marijuana outlets boomed in Southern California after a 2009 memo from the U.S. Justice Department said prosecuting pot sales would be a low priority.
However, the rush to outlaw pot shops has slowed in the 21 months since the four federal prosecutors in California launched a coordinated crackdown on dispensaries by threatening to seize the property of landlords who lease space to the shops. Hundreds of dispensary operators have since been evicted or closed voluntarily.
Marijuana advocates have argued that allowing local government to bar dispensaries thwarts the intent of the state's medical marijuana law - the nation's first - to make the drug accessible to residents with doctor's recommendations to use it.
An Iowa agency's refusal to list both spouses in a lesbian marriage as parents on their children's birth certificates is a violation of their constitutional rights and must stop, the Iowa Supreme Court ruled Friday.
The court, which made history by legalizing gay marriage in 2009, ordered the Iowa Department of Public Health to start listing the names of both female spouses on the birth certificates of their children. The ruling was backed by all six justices who participated.
Iowa had been the only state in the nation that allowed marriage or civil unions for same-sex couples, but refused to list both spouses on birth certificates of their children, according to Camilla Taylor, an attorney for Lambda Legal, a gay rights group involved in the case.
Justice David Wiggins said the state government "has been unable to identify a constitutionally adequate justification" for treating lesbian parents differently than parents of opposite sex. He said the only explanation for doing so was "stereotype or prejudice" that violated their rights to be treated equally under the Iowa Constitution.
A Southern California man has pleaded guilty to bilking eBay Inc. out of $5.2 million through an advertising scam called "cookie stuffing."
Brian Dunning of Laguna Nigel pleaded guilty on Monday to a wire fraud charge in San Jose federal court. Dunning admitted he defrauded eBay by signing up his company KFC as an affiliate of the online auctioneer. KFC agreed to drive Internet traffic to eBay by displaying an eBay ad on its Web site. KFC got paid when a visitor used the eBay ad to buy something.
Dunning admitted he secretly planted eBay cookies into applications he provided to Internet users for free. KFC got paid every time one of those users made a purchase on eBay. Dunning, 47, faces a maximum sentence of 20 years in prison.
A federal appeals court has rejected an appeal from a white supremacist who challenged his murder conviction after his defense attorneys tried to pick a jury with as many black members as possible.
Chevie Kehoe was sentenced to life in prison for the 1996 killings of an Arkansas family. His accomplice received a death sentence.
Kehoe argues that he received ineffectual counsel because of his attorneys' jury-selection strategy. The 8th U.S. Circuit Court of Appeals affirmed Kehoe's conviction Monday.
The opinion says Kehoe's attorneys made a "strategic decision" to pick black jurors because the attorneys thought black jurors would be less likely than whites to impose the death penalty.
The 8th Circuit says that although the attorneys' strategy may have been "misguided," it's not enough to throw out Kehoe's conviction.