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LoJack Corporation (NASDAQ: LOJN) Provides Vehicle Theft Protection Tips for Memorial Day
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Home Page > Automotive > Cars > LoJack Corporation (NASDAQ: LOJN) Provides Vehicle Theft Protection Tips for Memorial Day
LoJack Corporation (NASDAQ: LOJN) Provides Vehicle Theft Protection Tips for Memorial Day
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Posted: May 27, 2010 |Comments: 0
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Memorial Day Weekend marks the beginning of auto theft season, as car thieves are traditionally most active in the summer. According to the National Crime Information Center’s latest data, 2,599 vehicles were stolen on Memorial Day making it the 5th most targeted holidays for vehicle theft. The AA forecasts that 32.1 million Americans will travel more than 50 miles away from home this weekend, providing a wealth of targets for today’s sophisticated car thieves. The most experienced thieves can get into a car in just 7 seconds, most only needing a screwdriver to target a car.
It’s big business, too. Thieves target cars for their parts, because “a car is usually worth one and a half to two times what it’s worth in pieces. It’s a lot more valuable for a thief to come and steal the parts and sell them than it is for them to steal the car and then try to sell it”, commented Allstate Insurance Agent Roger Francis. The most commonly targeted vehicles are Hondas, Toyotas, and Acuras, which are the most popular car models on the road and have higher quality parts than comparable American cars. A single headlight fixture goes for 0 on the black market, while a Toyota Avalon bumper can sell anywhere between 0 and 0. Regardless of its make, a car is stolen every 33 seconds in the United States. Furthermore, Allstate strip teams have demonstrated in the past their ability to take a car down to its bare parts within just 10 minutes.
LoJack Corporation (NASDAQ: LOJN), developer of the industry’s most effective stolen vehicle recovery systems, advises that consumers take precautionary measures to protect their vehicles for today’s organized crime rings. The national vehicle theft rate has declined for 6 consecutive years, but LoJack cautions consumers that the national rate of unrecovered vehicles is at its highest point in more than 20 years. In 2008, 43% or 411,444 stolen vehicles were never returned to their rightful owners.
D.J. Thompson, Director of Law Enforcement for LoJack, offers key theft protection tips to utilize this weekend. “By combining common sense approaches, theft protection devices, and tracking/recovery systems, consumers can protect their vehicles from theft.” A LoJack transmitter that is hidden in your car helps the police track and recover your stolen vehicle, and the company offers a 24-hour recovery guarantee. Last Year, LoJack had a success rate of 90 percent, recovering 11,382 Lojack-equipped vehicles valued at 3 million. Since thieves can typically disarm most theft prevention devices, recovery systems provide the peace of mind that you’ll get your car back often quickly in the event it s stolen.
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Bank of America CEO, “Bank of America foreclosure processes to the protection of shareholders
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Home> Finance> Real Estate> Bank of America CEO, “Bank of America foreclosure process to protect the shareholders Bank of America CEO” to Bank of America foreclosure process to protect shareholders | Posted: 18 November 2010 | Comments:. 0 |]]> Sat November 17, 2010 Bank of America foreclosure processes are built to protect investors, CEO Moynihan information
In a multi- Person calling on the shareholders on Tuesday, November 16, 2010, said Moynihan speculators, the Bank of America review of all cases of foreclosure is based on a loan for loans to investors and to make sure that every foreclosure is filing a comprehensive review of the Bank before turning to court filings.
Bank of America is currently sold with claims of backers at least bill in mortgage-backed instruments Fannie Mae, Freddie Mac and more non-public investors.
Buyback
many of the prevailing demands the result of credit by the National Financial Corp. have emerged, the Bank, the Bank of America in 2008 was purchased.
Moynihan said that these special cases, which are heavily revised.
There are a large number of people out there with a lot of thought to how we should solve this problem, but at the end of the day we are paid for things, national, Moynihan said speculators.
The bank is meeting with the Senate Banking Committee today and Thursday to answer questions about his practices, foreclosure, and was asked by the Council to seriously increase loan modification programs for borrowers.
Barbara Deso, president of Bank of America home loan division, will testify before the panel, and has prepared statements that the Bank of America does not have any houses due to faulty documents seized imply foreclosure.
In parts of combat is Moynihan comments to investors, he reiterated the Bank of America’s commitment to following through with foreclosure filings fairly and legally.
It
an everyday, hand-to-hand, said Moynihan. It is manageable in the background of who we are, but we will not spend your money unwisely.
Bank of America foreclosure processes are designed to protect shareholders honcho Moynihan said.
This story was exempt from our friends at http://aomid.com.
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Will Wall Street Executives Seek the Protection of the Fifth Amendment?
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Home Page > Law > National, State, Local > Will Wall Street Executives Seek the Protection of the Fifth Amendment?
Will Wall Street Executives Seek the Protection of the Fifth Amendment?
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Will Wall Street Executives Seek the Protection of the Fifth Amendment?
By: Robert M. Heller
About the Author
Mr. Heller has been admitted to practice law both in California and New York. Robert M. Heller, a Professional Law Corporation, focuses on business litigation, with an emphasis on shareholder disputes. Mr. Heller is regarded as a seasoned advocate, well known for his ability to devise creative solutions to complex legal problems.
Mr. Heller has been practicing law since 1973, the majority of those years spent in Los Angeles. He began his career with a prominent New York law firm. There, he developed a broad base in real estate law representing, among others, large real estate developers. He also handled corporate and litigation matters. He spent seven years practicing law in New York City before moving to Los Angeles in 1979.
In addition to his litigation activities, Mr. Heller is also outside General Counsel to In-Three, Inc., a company that converts ordinary 2D motion pictures into fully realistic and engrossing 3D motion pictures.
Born in Brooklyn, New York, Mr. Heller received both his B.A. and his Juris Doctor degrees from Boston University. He was admitted to the bar in New York in 1973 and in California in 1978.
He is admitted to practice law before the U.S. Supreme Court; the U.S. Courts of Appeals for the Second, Ninth and Federal (Washington D.C.) Circuits; the U.S. District Courts for the Southern and Eastern Districts of New York; and the U.S. District Courts for the Central and Southern Districts of California. Mr. Heller has also been admitted to practice on a pro hac vice basis in Minnesota, Colorado and Washington, D.C.
Mr. Heller is a current or past member of the Los Angeles County Bar Association-Litigation Section, Beverly Hills Bar Association, Federal Bar Association, Association of Real Estate Attorneys, Financial Lawyers Conference, American Bar Association and the State Bar of California.
Prior to the formation of his current firm, Mr. Heller was a partner in Friedman, Heller & Enriquez, LLP. Earlier, he was a partner with Tobin and Tobin, California’s oldest law firm.
Mr. Heller has served as a Judge ProTem of the Los Angeles Superior Court and is an active member of the community. Currently, he serves on the Board of Directors of the Dubnoff Center for Child Development.
Mr. Heller is AV rated by Martindale Hubbell, the peer review designation conferred on attorneys who have achieved the highest rating for professional excellence and ethical standards.
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Article Source: http://www.articlesbase.com/ – Will Wall Street Executives Seek the Protection of the Fifth Amendment?
Will Wall Street Executives Seek the Protection of the Fifth Amendment?
AFTER THE WORST FINANCIAL COLLAPSE since the Great Depression, the finger-pointing has escalated in earnest. Major financial institutions that participated in the subprime market or failed to accurately price or rate the risks involved with mortgage-backed securities are now scrambling to protect themselves from the outrage observed in the recent congressional hearings and evidenced by many civil lawsuits. So far, Wall Street executives have not asserted the Fifth Amendment, but as multiple civil and possible criminal proceedings loom, will they?
The Fifth Amendment privilege may be raised in any proceeding by a witness who reasonably fears an answer may incriminate him or her. While a corporation cannot claim the privilege, its officers, directors and employees can. In addition, a witness may invoke the Fifth Amendment protection if disclosure would serve as a link in the chain of evidence tending to establish criminal liability. Although documentary evidence is generally not protected, exceptions may apply if the production itself is testimonial and incriminating.
The recently televised congressional hearings involving Goldman Sachs allowed us to observe how Wall Street executives handled the hot seat. I can only imagine the hours they spent with legal counsel preparing to testify. They did not assert the Fifth Amendment, which is one means of giving the appearance of cooperation and transparency. Perhaps some of the public were even persuaded. After the testimony of Lloyd Blankfein, chief executive of Goldman Sachs, the firm’s shares rose while the broader market fell.
As a lawyer, I found many of their answers to be calculated, evasive and deceptive. They took advantage of the less rigorous demands of a congressional hearing, particularly given that most, if not all, of the senators are less sophisticated than the executives when it comes to complicated financial transactions. But even easy questions were sidestepped. For example, Senator Susan Collins asked multiple Goldman Sachs witnesses if they had a duty to act in the best interests of their clients, not their firm. The query elicited some impressive verbal contortions: “I believe we have a duty to serve our clients well,” one witness replied. Each refused to say yes. Goldman Sachs executives were paid millions while leading the country into the meltdown. It calls to mind the term “bankster,” a term coined in 1929 in connection with the stock market crash of that year. It combines “banker” and “gangster” to label bankers as criminally irresponsible.
While we can hope congressional hearings will lead to legislative reform, the more likely means of shining some light on the financial practices of the big banks may be multiple civil lawsuits, including the civil fraud charges recently filed by the SEC against Goldman Sachs. In that case, the SEC alleges that Goldman did not tell investors that a security the bank was selling had been designed by someone betting against it. Perhaps, away from the cameras and grandstanding politicians, we may get some real answers from Wall Street executives once the plaintiffs engage in discovery and trial. Plaintiffs’ lawyers will have more time and skill to challenge evasive answers and spin control. Judges will also be more likely to keep the defendants on a short leash. Civil litigation will force Wall Street executives to provide answers that Congress simply did not have the time, ability or inclination to obtain.
At the same time, Wall Street executives must be warily eyeing the threat of criminal prosecution. So far, criminal prosecutions for fraud have been brought against mostly lower-level players rather than senior-level Wall Street executives. Yet at a congressional hearing in December, when asked why no criminal cases had yet been brought against CEOs, the assistant attorney general for the Criminal Division of the U.S. Department of Justice, Lanny Breuer, commented, “It takes a long time in hatching them and developing them. But they will be brought.”
In mid-May, New York’s top prosecutor, Attorney General Andrew Cuomo, subpoenaed eight banks and three ratings firms seeking information on how the financial institutions may have tried to influence the ratings of mortgage-backed securities that lost value with the housing market collapse. About that same time, it was disclosed that federal investigators were expanding their inquiry into potential criminal activities at a number of the biggest banks.
With the likelihood that criminal prosecutions will follow the many civil cases, Wall Street executives must certainly be considering whether they need Fifth Amendment protection against self-incrimination. If so, the investment banking firms, the ratings agencies and other financial institutions involved in the meltdown could certainly suffer consequences in the civil suits. Because blanket invocations of the privilege are not allowed, Wall Street executives must invoke the Fifth in response to each question that threatens them with criminal prosecution. That could result in those witnesses being precluded from testifying at trial. Invocation of the Fifth Amendment privilege may be treated as a vicarious admission.
The legal consequences to the firms and organizations involved—particularly the criminal exposure—will keep their civil and criminal attorneys busy for some time. That also will surely aggravate a public relations nightmare for the defendant companies by enhancing the bankster image.
Robert M. Heller is a litigation attorney located in Century City. He focuses his practice on business and entertainment litigation with an emphasis on shareholder disputes.
Originally Published in Los Angeles Lawyer July/August 2010.
Retrieved from “http://www.articlesbase.com/national-state-local-articles/will-wall-street-executives-seek-the-protection-of-the-fifth-amendment-3522314.html”
(ArticlesBase SC #3522314)
Robert M. Heller -
Mr. Heller has been admitted to practice law both in California and New York. Robert M. Heller, a Professional Law Corporation, focuses on business litigation, with an emphasis on shareholder disputes. Mr. Heller is regarded as a seasoned advocate, well known for his ability to devise creative solutions to complex legal problems.
Mr. Heller has been practicing law since 1973, the majority of those years spent in Los Angeles. He began his career with a prominent New York law firm. There, he developed a broad base in real estate law representing, among others, large real estate developers. He also handled corporate and litigation matters. He spent seven years practicing law in New York City before moving to Los Angeles in 1979.
In addition to his litigation activities, Mr. Heller is also outside General Counsel to In-Three, Inc., a company that converts ordinary 2D motion pictures into fully realistic and engrossing 3D motion pictures.
Born in Brooklyn, New York, Mr. Heller received both his B.A. and his Juris Doctor degrees from Boston University. He was admitted to the bar in New York in 1973 and in California in 1978.
He is admitted to practice law before the U.S. Supreme Court; the U.S. Courts of Appeals for the Second, Ninth and Federal (Washington D.C.) Circuits; the U.S. District Courts for the Southern and Eastern Districts of New York; and the U.S. District Courts for the Central and Southern Districts of California. Mr. Heller has also been admitted to practice on a pro hac vice basis in Minnesota, Colorado and Washington, D.C.
Mr. Heller is a current or past member of the Los Angeles County Bar Association-Litigation Section, Beverly Hills Bar Association, Federal Bar Association, Association of Real Estate Attorneys, Financial Lawyers Conference, American Bar Association and the State Bar of California.
Prior to the formation of his current firm, Mr. Heller was a partner in Friedman, Heller & Enriquez, LLP. Earlier, he was a partner with Tobin and Tobin, California’s oldest law firm.
Mr. Heller has served as a Judge ProTem of the Los Angeles Superior Court and is an active member of the community. Currently, he serves on the Board of Directors of the Dubnoff Center for Child Development.
Mr. Heller is AV rated by Martindale Hubbell, the peer review designation conferred on attorneys who have achieved the highest rating for professional excellence and ethical standards.
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Article Tags:
financial collapse, market failure, subprime market, risks of mortgage backed securities, wall street criminal, bankster, corporate criminal, goldman sachs, bank financial practices
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