Al Phillips Db

Credit Suisse, Deutsche Bank, Goldman, UBS in Court News

(Updates Credit Suisse in Trials section and Adelphia in Verdicts. Adds Primary Global in Trials, HP in New Suits and UBS in Verdicts.)

June 16 (Bloomberg) -- Former Credit Suisse Group AG broker Eric Butler had his securities-fraud conviction overturned by a federal appeals court, which ruled that Brooklyn, New York, was the wrong venue for the trial on the charge.

The U.S. Court of Appeals in New York yesterday upheld Butler’s conviction on two conspiracy counts. Butler was convicted in 2009 of fraudulently selling securities that cost investors more than $1.1 billion in losses.

“No conduct that constituted the offense took place in the Eastern District” of New York, which includes Brooklyn, the Manhattan-based court ruled.

Butler and his partner Julian Tzolov intentionally misled clients about securities purchased on their behalf, falsely claiming they were backed by federally guaranteed student loans. The men told clients the investments, actually backed by riskier corporate debt and subprime mortgages, were a safe alternative to bank deposits or money-market funds, according to prosecutors in the office of U.S. Attorney Loretta Lynch in Brooklyn.

“We will review the Second Circuit’s decision and consider our options,” Robert Nardoza, a spokesman for Lynch, said in an e-mail.

“We’re grateful that the court reversed on the substantive count and would have preferred an outright reversal,” Steven F. Molo, a lawyer for Butler at MoloLamken LLP in Manhattan, said in a phone interview.

The appeals panel said that, because of its decision, Butler will have to be resentenced. In January 2010, U.S. District Judge Jack B. Weinstein sentenced Butler to five years in prison on each count, to be served concurrently. He has been out on bail pending his appeal.

The case is U.S. v. Tzolov, 08-cr-370, U.S. District Court, Eastern District of New York (Brooklyn). The appeal is U.S. v. Tzolov, 10-562, 2nd U.S. Circuit Court of Appeals (Manhattan).

For more, click here.

Ex-Nvidia Analyst Says He Passed Tips to Networker Jiau

A former Nvidia Corp. financial analyst testified he passed confidential information about his company to a former Primary Global Research LLC consultant after she befriended him and suggested they form an investment club.

Shock sign NFL-experienced players to growing roster - SWX Right ...

SPOKANE, Wash. - The Spokane Shock announced today that DL Bryan Save, QB Chris Crane and DB Al Phillips have been added to the 2010 roster.

Save, 6-1 295, is a veteran of the NFL, NFL Europe, AFL and most recently the UFL.

As a member of the UFL's New York Sentinels, Save tallied 12 tackles – including a team leading 1.5 sacks.

Prior to joining the Sentinels, he spent the previous two years (2007-2008) with the Philadelphia Soul and racked up 38.5 tackles with 9.5 sacks. In 2008, Save was named to the All-AFL team and captured the ArenaBowl Championship with former teammate and current Head Coach Rob Keefe.

"I think signing Bryan Save is going to turn some heads," Keefe explained. "The game is really won in the trenches. Now, teams are going to have to take a look at their centers and ask ‘can we block Bryan Save?' He might not get all the sacks in the world but if the center is back in the quarterback's face all game long, I see us winning a lot of games because of Bryan Save. "

In NFL Europe, Save suited up for the Cologne Centurions for two seasons and registered 65 tackles – including nine sacks. Additionally, he spent time in NFL training camps with the Denver Broncos (2006), Tampa Bay Buccaneers (2005), Indianapolis Colts (2004), San Francisco 49ers (2004) and Baltimore Ravens (2004).

Prior to his professional career, Save tallied 103 tackles – including seven sacks – three forced fumbles and four pass break-ups in 40 games at Colorado State University.

Crane, 6-5 238, signed with the Indianapolis Colts after a decorated career at Boston College. He was in training camp with the Colts prior to the 2009 season and was released shortly before the start of the regular season.

As an Eagle, he completed over 56 percent of his passes (196/347) for 1984 yards and 11 touchdowns. After backing up Matt Ryan, Crane started 11 games as a senior. He appeared in 22 games overall during his career at Boston College.

"When you look at Boston College and you look at the Indianapolis Colts, they have both produced excellent Quarterbacks and Chris Crane is a part of that," Head Coach Rob Keefe explained. "He is extremely intelligent and is truly a student of the game. When you combine his intelligence with his physical gifts, you have a recipe for success at the quarterback position."

Phillips, 5-11 195, spent the 2008 season with the Cleveland Gladiators on the practice squad. In 2009, Phillips played for the Manchester Wolves racking up 66.5 tackles, two interceptions and 15 pass break-ups in only 10 games.

Minutes of the General Assembly of the Presbyterian Church in the United States

Copp's land owner

The Episcopal church annual

The vital link, a history of Main Roads Western Australia 1926-1996

The Journal of dairy research