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among other connecticut banks whose shares trade in the otc market society for savings bancorp based in hartford saw its stock rise N N to N N |
<unk> added N to N N shares of <unk> a new london-based bank holding company rose N to N N |
among other banking issues <unk> savings association <unk> more than N N with a gain of N N to N N |
the pennsylvania bank agreed to be acquired in a merger with <unk> corp. of pennsylvania for $ N a share |
valley federal savings & loan a california thrift issue gained N to N N after reporting a third-quarter loss of $ N million after an $ N million pretax charge mostly related to its mobile home financing unit |
dan e. <unk> valley federal 's president and chief executive officer said the one-time charge substantially <unk> future losses associated with the unit |
he said the company 's core business remains strong |
he also said that after the charges and assuming no dramatic <unk> in interest rates the company expects to achieve <unk> earnings in N |
weisfield 's surged N N to N N and ratners group 's american depositary receipts or adrs gained N to N N |
the two concerns said they entered into a definitive merger agreement under which ratners will begin a tender offer for all of weisfield 's common shares for $ N each |
also on the takeover front jaguar 's adrs rose N to N N on turnover of N million |
since the british auto maker became a takeover target last month its adrs have jumped about N N |
after troubled heritage media proposed acquiring pop radio in a stock swap pop radio 's shares tumbled N to N N |
heritage media which already owns about N N of pop radio proposed paying pop radio shareholders with shares of a new class of heritage media preferred stock that would be convertible into four shares of heritage media 's common |
rally 's lost N N to N N |
the restaurant operator said it has redeemed its rights issued monday under its shareholder rights plan |
the fast-food company said its decision was based on discussions with a shareholder group giant group ltd. in an effort to resolve certain disputes with the company |
giant group is led by three rally 's directors burt sugarman james m. trotter iii and william e. trotter ii who earlier this month indicated they had a N N stake in rally 's and planned to seek a majority of seats on rally 's <unk> board |
sci systems slipped N to N on volume of N shares |
the <unk> ala. electronic products maker said it expects to post a significant loss for its fiscal first quarter ended sept. N |
in the year-earlier period sci had net income of $ N million or N cents a share on revenue of $ N million |
the internal revenue service has threatened criminal sanctions against lawyers who fail to report detailed information about clients who pay them more than $ N in cash |
the warnings issued to at least N criminal defense attorneys in several major cities in the last week have led to an outcry by members of the organized bar who claim the information is protected by <unk> privilege |
the irs warnings stem from a N law that requires anyone who receives more than $ N in cash from a client or customer in one or more related transactions in the course of trade or business to report the payment on a document known as form N |
the form asks for such details as the client 's name social security number <unk> number and details about the services provided for the payment |
failure to complete the form had been punishable as a <unk> until last november when congress determined that the crime was a felony punishable by up to N years in prison |
attorneys have argued since N when the law took effect that they can not provide information about clients who do n't wish their <unk> to be known |
many attorneys have returned incomplete forms to the irs in recent years citing <unk> privilege |
until last week the irs rarely acted on the incomplete forms |
this form forces a lawyer to become in effect a witness against his client said neal r. <unk> president of the national association of criminal defense lawyers |
the irs is asking lawyers to <unk> a criminal problem to the government added mr. <unk> a miami lawyer who has heard from dozens of attorneys who received letters in recent days and has himself received the <unk> irs forms sent by certified mail |
mr. <unk> said that clients who pay cash may include alleged drug dealers who do n't have domestic bank accounts |
these individuals may not necessarily be under investigation when they hire lawyers |
mr. <unk> said there also may be other circumstances under which individuals would n't want the government to know they had retained criminal defense lawyers |
filling out detailed forms about these individuals would tip the irs off and spark action against the clients he said |
the defense lawyers ' group formed a task force this week <unk> by new york attorney gerald <unk> to deal with the matter |
the american bar association 's house of delegates passed a resolution in N <unk> the irs reporting requirement |
michael ross a new york lawyer who heads the aba 's grand jury committee said that lawyers are prohibited by the aba 's code of ethics from disclosing information about a client except where a court orders it or to prevent the client from committing a criminal act that could result in death |
mr. ross said he met with officials of the irs and the justice department which would bring any enforcement actions against taxpayers to discuss the issue last may |
at that meeting he said the justice department assured him that enforcement procedures would n't be threatened against attorneys without further review and advance notice |
mr. ross said irs officials opposed the justice department 's moderate stance on the matter |
but in the letters sent in recent days christopher j. <unk> of the irs computing center in detroit told attorneys that failing to voluntarily submit the requested information could result in <unk> enforcement action being initiated |
in some cases the irs asked for information dating back to forms it received in N |
a spokesman for the irs confirmed that there has been <unk> <unk> about incomplete <unk> but he declined to say why the letters were sent to lawyers now |
individuals familiar with the justice department 's policy said that justice officials had n't any knowledge of the irs 's actions in the last week |
lawyers worry that if they provide information about clients that data could quickly end up in the hands of prosecutors |
prosecutors need court permission to obtain the tax returns of an individual or a business |
but they have obtained N forms without court permission and used the information to help develop criminal cases |
some criminal lawyers speculated that the irs was sending the letters to test the issue |
in a number of recent cases federal courts have refused to recognize attorneys ' <unk> that information relating to fees from clients should be confidential |
the war over federal judicial salaries takes a victim |
often judges ease into more lucrative private practice with little fanfare but not federal judge <unk> a. ramirez in sacramento calif |
on tuesday the judge called a news conference to say he was <unk> effective dec. N to join a san francisco law firm |
the reason the refusal of congress to give federal judges a raise |
a couple of my law <unk> were going to pass me in three or four years and i was afraid i was going to have to ask them for a loan the judge <unk> in an interview |
federal judges make $ N annually in february congress rejected a bill that would have increased their pay by N N |
judge ramirez N said it is <unk> for judges to make what they do |
judges are not getting what they deserve |
you look around at professional <unk> or accountants and nobody <unk> an eye |
when you become a federal judge all of a sudden you are <unk> to a <unk> sum |
at his new job as partner in charge of federal litigation in the sacramento office of <unk> <unk> & <unk> he will make out much better |
the judge declined to discuss his salary in detail but said i 'm going to be a high-priced lawyer |
<unk> <unk> union troubles are no laughing matter |
<unk> <unk> trudeau is suing the writers guild of america east for $ N million alleging it mounted a campaign to <unk> and punish him for crossing a <unk> ' picket line |
the dispute involves <unk> productions inc. a tv production company in which mr. trudeau is a <unk> |
mr. trudeau a writers guild member also was employed as a writer for <unk> which was covered by a guild <unk> agreement |
the guild began a strike against the tv and movie industry in march N |
in his lawsuit mr. trudeau says the strike illegally included <unk> and the <unk> refused to honor the strike against the company |
a spokesman for the guild said the union 's lawyers are reviewing the suit |
he said disciplinary proceedings are confidential and declined to comment on whether any are being held against mr. trudeau |
mr. trudeau 's attorney norman k. <unk> said the <unk> consists mainly of the guild 's <unk> threats of disciplinary action |
mr. <unk> said a guild disciplinary hearing is scheduled next monday in new york |
mr. <unk> who will go before the disciplinary panel said the proceedings are unfair and that any punishment from the guild would be <unk> |
in addition to the damages the suit seeks a court order preventing the guild from <unk> or <unk> against mr. trudeau |
abortion ruling upheld |
a federal appeals court upheld a lower court ruling that the u.s. can bar the use of federal funds for <unk> programs that include <unk> services |
a department of health and human services rule adopted in N prohibits the use of so-called title x funds for programs that assist a woman in obtaining an abortion such as abortion counseling and <unk> |
the rule also prohibits funding for activities that encourage promote or advocate abortion |
title x funds are the single largest source of federal funding for <unk> services according to the opinion by the second u.s. circuit court of appeals in new york |
the panel ruled that the restrictions do n't violate the freedom of speech of health care <unk> and that the limits on counseling services do n't violate the rights of pregnant women |
inquiry clears texas judge of bias in comments on homosexual murder victims |
dallas district judge jack <unk> had sparked calls for a judicial inquiry with his remarks to the press last december two weeks after sentencing an <unk> defendant to N years in state prison for killing two homosexual men in a city park |
the judge was quoted as referring to the victims as <unk> and saying they would n't have been killed if they had n't been <unk> the streets picking up <unk> boys |
but robert r. murray a special master appointed by the texas supreme court said judge <unk> did n't breach any judicial standards of fairness although he did violate the state 's judicial code by commenting publicly on a pending case |
<unk> that the judge has never <unk> any bias or <unk> mr. murray concluded that he would be <unk> in any case involving a homosexual or <unk> as a victim |
mr. murray also said judge <unk> 's comments did n't <unk> the judiciary or the administration of justice |
the report is subject to review by the state commission on judicial conduct which is <unk> to impose sanctions |
gaf trial goes to round three |
attorneys in the third <unk> trial of gaf corp. began opening arguments yesterday in the manhattan courtroom of u.s. district judge mary johnson lowe |
in an <unk> indictment the government has charged gaf a wayne n.j. specialty chemical maker and its vice chairman james t. sherwin with attempting to manipulate the common stock of union carbide corp. in advance of gaf 's planned sale of a large block of the stock in november N |
the first two gaf trials ended in <unk> earlier this year |
this trial is expected to last five weeks |
switching to the defense |
a former member of the prosecution team in the <unk> affair joined the chicago firm of mayer brown & <unk> |
michael r. <unk> a member since january N of the <unk> trial team in the prosecution of oliver north became a partner in the washington d.c. office of the <unk> firm |
he will specialize in white-collar criminal defense work |
mr. <unk> N also has served as deputy chief and chief of the narcotics unit for the u.s. attorney 's office for the southern district of new york based in manhattan |
<unk> tire & rubber co. said it has reached an agreement in principle to buy buildings and related property in albany ga. from <unk> inc |
terms were n't disclosed |
the tire maker said the buildings consist of N million square feet of office manufacturing and <unk> space on N acres of land |
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