A Rose is a Rose
A Rose is a Rose by any other name. So is a crook and a federal appeals court has upheld the conviction of Franklin Brown, the former general counsel of Rite Aid, on fraud and obstruction charges in connection with the $1.6 billion accounting scandal that sent half a dozen executives to prison and cut the company’s stock price in half. You call him a lawyer, but he really is just a crook.
As ALM states, the unanimous three-judge panel rejected Brown’s claims that both the prosecutors and judge had engaged in misconduct, and that secretly recorded tapes of his conversation with another executive had been tampered with.
But the appellate judges agreed that Brown, 82, who is now about halfway through serving his 10-year prison term, is entitled to a new sentencing hearing.
I say send them all away. If you have been wronged by a lawyer, a crook or a real estate con give Bill Miller a call at 602-319-6899 and we will see if we can help you. Our offices are off of the 101 in Scottsdale.
TARANTULAS
“Tarantulas” was the term philosopher Friedrich Nietzsche used for those who are consumed by resentment. Unable themselves to be great at anything, they burn with a feverish fervor, expressed as righteous anger, to tear down the reputations of those who are great. Nietzsche regarded it as one of our deepest, darkest motivations. I think of my fellow counsel in two major cases I am working as Tarantulas. Each opponent firm has 100’s of lawyers on staff and offices all over the Country. We keep winning every possible motion. All rulings sway our way. In both matters we have the facts. In both matters we have the law. These lawyers can only be explained by Nietzsche. Often a large firm is like an HMO. Some good docs, some not too good. The bad ones hide behind their door. Believe me, the bigger the law firm, is NOT the better.
If you want a fair evaluation of a stock scam, real estate deal gone bust or commercial litigation matter, call me at 602-319-6899. The Scottsdale, Arizona firm of William A. Miller has been handing it to the white shirt law firms for 22 years. Tarantulas and all.
A Ship without a Sail
I just finished lunch with one of the smartest & richest guys in Paradise Valley, Arizona. He knows I am writing this post as he teased me about being silent the last few weeks. I told him I was WORKING on legal briefs and I did not have time to blog about the Arizona legal world and litigation.
Blogging is a luxury like being so well off you can -go green or eat only vegan. Working stiffs have no such luck.
Anyway, this guy told me he was so depressed at the markets—all of them— he is like ship without a sail. I knew what he meant.
Too much time checking Drudge or WSJ. It is time to WORK. SAVE. PRAY. FIGHT. It is not time to drift. For me this means going back to my legal roots. Doing my own legal research. Showing up 110% ready to fight. No more blogs for a while. Well, no more until this guys pays me. Hey, its almost six figures.
You real estate guys would do better getting in your car and driving to properties & meeting clients as opposed to sitting in front of the PC like a ship without…
The Next Shoe to Drop
In 1988, one of my first legal projects was to get a bank from Colorado off the back of a local developer who had built a shopping center. It turns out the bank was fearful that Arizona was about to enter a bad season in commercial real estate, the only problem was the developer was really not in default. The judge slammed the bank & by the time we cut a settlement deal with them, the market had really corrected. They should have waited and played fair. Declaring bogus defaults hurt them.
Now, the next shoe is about to drop because of commercial loan resets. Commercial landlords continue to lose office & retail tenants at an accelerating pace, indicating that the industry’s troubles are worsening.
The amount of occupied space in U.S. shopping centers and malls declined a net 8.7 million square feet in the first quarter of 2009, according to real-estate-research company Reis Inc. The amount of occupied space lost in that one quarter was more than the total amount of space retailers gave back to landlords in all of 2008 and any other year in recent history, according to Reis. It makes 1988 look like a cake walk. If you need help dealing with the ever changing real estate market give the Scottsdale law firm of William A. Miller a call at 602-319-6899.
Sandals to Sandals in 3 Generations
As a real estate lawyer working in Paradise Valley and Scottsdale for over 20 years, I have seen scores of families ship-wrecked by money. ‘Around the world, inherited wealth is hard to preserve, says an article from Intelligent Life, a quarterly published by one of my favorite journals The Economist:
Families that preserve their wealth over the generations are rare. The fact that the first generation makes it, the second husbands it and the third blows it is so widespread that it reflects reality. Some say, “clogs to clogs in three generations”—a northern English saying—has its equivalent in many other languages: Erwerben, Vererben, Verderben (earn it, bequeath it, burn it) in Germany; “from the stables to the stars and back in three generations” in Italy; and my favorite “from sandals to sandals in three generations” in China.
I once had a Trust fund client show up to Court in a $2,500.00 double breasted Italian blazer with white pressed Armani pants and I am not kidding- sandals. I could hear his grandfather roll over in his grave.
We have significant real world experience at the real estate and commercial law at the Firm of William A. Miller in Scottsdale, Arizona. We also have been helping families set up Estate plans to minimize the above sandals problem for the last 15 years. Give us a call at 480-948-3095 to see if we can help. If nothing else, make your kids work. That will solve 95% of the sandal problem.
Money is Green
Why are all the con men now “going green”? Pretty simple. These are the same type of idiots and narcissistic jerks who polluted our rivers in the 1940-50’s. It is where the money is. It is easy money because there are no rules. It is a brand new industry and language and the best B.S. gets the contract and hustles the rest.
Remember money is green. Add that to the fact that our President, who only recently was well versed enough in economics & finance to buy his first home at the age of 43, gave a few hundred billion to going green and you have a perfect storm. My due diligence first question to the potential green investment guru on a client’s behalf is… How long have you been a member of Green Peace or the Sierra Club? Rhetorical indeed. Call the Law Firm of William Miller with further questions about any investment in stocks, real estate or the ‘go green’ tsunami. 602-319-6899.
Confidential Data in 2009
What should a litigant do when confronted with disclosure of confidential metadata? Conversely, what should you do if you learn that confidential metadata has been disclosed? Some recent case law may offer insight:
In People v. Gomez, 134 Cal. App. 3d 874, 879 (1982), the court, dealing with privileged material in general, held that failure to take reasonable precautions to maintain the confidentiality of information may be deemed consent to its disclosure.
Amersham Biosciences Corp. v. Perkinelmer, Inc., 2007 WL 329290 (D. N.J. 2007), may be particularly instructive in determining the meaning of “reasonable precautions” when dealing with confidential metadata, as it is the only case dealing with this particular topic. The New Jersey district court was asked to decide whether reasonable precautions were taken in the inadvertent disclosure of some 500-plus privileged Lotus Notes e-mail documents that were deleted within subfolders when converted to CD, but remained embedded in the larger folder when converted to single image files.
The court held that if the confidential nature of the documents was apparent on the face of the documents after their conversion from their native form to single image files, then the final spot check conducted by the disclosing party may not have been reasonable. Consequently, it would appear that reasonable precautions means that counsel should probably review each electronically stored document at every stage of the conversion process. More on this issue can be found at www.law.com
At the law firm of William A. Miller, we have experience in handling these electronic discovery issues. Give us a call at 480-948-3095 to learn more.
I Left my Heart in California
I just sent in my annual money for registration of a vintage car I own to the great State of California. I drive it too much, yet I cannot bear to drop the California plates. The car is classic, just like my memories of California. It is where I was born, but I was raised in Arizona. Back then in the 60’s and 70’s, we did things right in Arizona. Self made men. No excuses for failure. No social climbing needed. You fight, you win. You quit, you lose. That is it! “Buckle down kid”, that is what my dad said. Yet, California went French on me over the last few years.
California is now in a French-like bind: unable to afford a welfare-type state, and unable to overhaul it. “The people say they want all these programs, then there’s nothing they want to pay for,” says Hector De La Torre, a Democratic assemblyman. “The schizophrenia in the legislature reflects the peoples’.” Let us pray that Arizona stays true to Goldwater type freedom and self reliance.
We do not take wimpy cases at the law firm of William A. Miller in Scottsdale. No coffee burn scams. No the-teacher-was-mean-to-my-kid nonsense. But, if you really have been injured by a real estate or stock scam, give us a call at 480-948-3095. We will strive to make things right the old fashion way. The Arizona way.
No Ticky, No Laundry
At the law firm of William A. Miller in Phoenix Arizona, we take Arizona State granted licenses as a privilege. You cannot build a house without a contractor’s license. You cannot give legal advice without a law degree. Good luck suing in this County if you do not posses one. If you build a house without proper authority, good luck suing the homeowner, our Courts will toss you out.
The same goes for trying to sell beers at a burger joint, no license, no money for beers.
We just filed a multi-million dollar suit against a group of entrepreneurs who bought bank loans with unused lines of credit for pennies on the dollar. Now they are trying to foreclose. The law does not allow such and over the next few weeks, we will be reminding the Court & the entrepreneurs that acting like a bank requires a license! We’ll keep you posted on the results.
I know I am aging myself but like Bob Hope used to say in the road show flicks, ‘no ticky, no laundry’.
If some non-licensed group has hampered you, be it selling you worthless stock or giving you liposuction without a medical degree, make sure to give us a call to discuss your rights. Our number is 480-948-3095.
The F-Word
No one wants to even think about the F-word… Foreclosure. It is so sad to see so many good folks losing their homes in foreclosure. It is also good too see some banks playing ‘fair’ and trying to work with defaulted borrowers. Yet note something curious in Arizona law. Normally after a default and foreclosure, all the bank can do is get your house and sell it in the open market. If it does not fetch a higher price than the loan, it is not your problem, other than botched credit. They cannot sue you for the difference.
Here is how the law reads:
Arizona’s laws that prohibit deficiencies are found in Arizona Revised Statutes Sections 33-814.G and 33-729.A. These types of laws are also called “anti-deficiency legislation.”
ARS § 33-729.A states, “. . . if a mortgage is given to secure the payment of the balance of the purchase price, or to secure a loan to pay all or part of the purchase price, of a parcel of real property of two and one-half acres or less which is limited to and utilized for either a single one-family or single two-family dwelling, the lien of judgment in an action to foreclose such mortgage shall not extend to any other property of the judgment debtor, nor may general execution be issued against the judgment debtor to enforce such judgment, and if the proceeds of the mortgaged real property sold under special execution are insufficient to satisfy the judgment, the judgment may not otherwise be satisfied out of other property of the judgment debtor, notwithstanding any agreement to the contrary.
ARS § 33-814.G states, “If trust property of two and one-half acres or less which is limited to and utilized for either a single one-family or a single two-family dwelling is sold pursuant to the trustee’s power of sale, no action may be maintained to recover any difference between the amount obtained by sale and the amount of the indebtedness and any interest, costs and expenses.”
At the law firm of William A. Miller in Scottsdale, Arizona we can help you sort through these laws to give you as much protection as possible. So give us a call at 480-948-3095 if you want to have us look over your case. LAW is not a four letter word.
WITH THE CURRENT REAL ESTATE AND CAPITAL MARKET
MELTDOWNS, NOW MORE THAN EVER CLIENTS NEED AND WANT
LAWYERS WHO ARE FOCUSED ON THEIR CASE.
