Word: settlements
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Liar, beware. In announcing a settlement with the Georgetown crew--who neither admitted nor denied the allegations and promised not to violate securities law in the future--the SEC was showcasing a stepped-up effort to crack down on rampant Internet stock swindlers. With the Net now America's stock-tip central, boiler rooms have become inefficient relics...
...army of private lawyers who have been flooded with calls from alleged Rampart victims. By the time all the civil rights lawsuits are resolved, Los Angeles could face hundreds of millions of dollars in liability. Mayor Richard Riordan has called for using the city's $300 million in tobacco-settlement money to resolve the litigation...
...recruit joined the unit, CRASH members allegedly circled around and beat him--an initiation ritual that criminal gangs call "jumping in." In one case, a white CRASH officer leaving the scene of a police beating of a civilian--for which the city had to pay a $25,000 settlement--allegedly yelled out, "¡Puro Rampart! [Totally Rampart]," an imitation of a gang slogan...
...outstanding variable of not having a permanent mayor was an issue," said Galluccio. "It was a deterrent to final settlement...
...said that when Roberta Golick, a private mediator who has been working with the parties since early January, asked him to play a more active role, he pushed for a quick settlement. He said he viewed himself as something of a fresh outsider, not worn out by months of talks, and didn't want to lose that advantage...