Here is a link to my appearance on CNBC on July 18 to discuss the indictment of Federal Express for distribution of illegal prescription drugs from online pharmacies. If convicted, Federal Express faces up to $1.6 billion in monetary penalties.
CNBC.com published my column on the root legal causes of the flood of children attempting to enter the United States from El Salvador, Guatemala and Honduras.
Please let me know what you think in the comments.
CNBC.com has publised my overview of the first week of the Donald Sterling Trial. It is a little breezier than my daily recaps of the trial.
After Donald Sterling reduced her to tears by calling her a “pig” at the end of her testimony on Day 3 of trial, Shelly Sterling calmly took apart Donald Sterling’s case during her testimony on Day 4. She provided vivid detail of (1) Donald’s panic that the NBA was about to terminate his ownership of the Clippers, (2) his participation in the decision to sell 100% of the team, (3) his joy on hearing that Shelly had obtained $2 billion from Steve Ballmer and (4) his temper tantrum that accompanied his last minute change of heart. She also revealed that Donald Sterling had larded the Trust with $500 million in debt, requiring the sale of the team now that the Trust has been dissolved. All in, it was another bad day for Donald Sterling.
Trial will continue on July 22 with closing arguments scheduled for July 28. Shelly has concluded her case, including Donald as an adverse witness. Donald will present his witnesses when trial continues.
Please follow below the fold for the details on Day 4, with a cameo appearance by Barbara Walters.
On the third day of his trial, Donald Sterling put on a master class on how not to behave in court. He demonstrated a complete inability to control his anger, yelling at the court:
“MAKE NO MISTAKE TODAY. I WILL NEVER, EVER, EVER SELL THIS TEAM. UNTIL I DIE, I WILL BE SUING THE NBA FOR THE TERRIBLE VIOLATIONS OF ANTI-TRUST THAT THEY HAVE IMPOSED ON MY FAMILY.”
After Shelly Sterling testified, Donald verbally assaulted his wife for having the temerity to testify about his mental decline. When she approached him, he snapped:
“Get away from me, you pig. Shelly, how could you lie?”
Under California probate law, inability to control anger is one of the hallmarks of mental incapacity.
Steve Ballmer’s attorney, Adam Streisand, aptly described Donald Sterling’s outburst at Shelly as “a shameful display by a seriously demented tyrant, and he proved today that he absolutely has to go.”
Please follow below the fold for more blow-by-blow from Day 3.
Donald Sterling took the witness stand on Day 2 of his trial and it was everything that people anticipated. He was the proverbial loose cannon: irrascible, pugnacious, preening, self-centered, tearful, funny and playing by his own set of rules. He verbally sparred with famed litigator Bert Fields, attacked the two doctors who examined him and found him to be “mentally incapacitated”, accused one of those doctors of being drunk during the examination, proclaimed that the NBA was engaged in a vendetta against him and railed against the media. Virtually every live blog of his testimony used the phrase “off the rails”. But the question remains, was he crazy, crazy like a fox or mostly irrelevant.
The answer is that Sterling’s testimony, while highly entertaining, was largely irrelevant. Donald Sterling’s mental capacity is not one of the issues to be determined by Judge Michael Levanas during this trial. Instead, he is being asked to determine whether Shelly Sterling and her doctors adhered to the procedure set forth in the Sterling Family Trust to declare him mentally incapacitated. So long as that procedure was followed, Judge Levanas must ratify Donald Sterling’s removal as co-trustee. But how can you ignore a cross-examination that includes Donald Sterling bellowing at famed litiigator Bert Fields:
Be a man, for God’s Sake, Be a Man!
Please follow below the fold to find the amusing quotes from Sterling’s testimony, its potential relevance and a recap of the other testimony of the day.
Here is a link to my appearance on CNBC’s Closing Bell to discuss the acquittal of Rengan Rajaratnam on charges of conspiracy to commit insider trading.
This is the first defeat for US Attorney Preet Bharara after 85 convictions and guilty pleas in insider trading cases.