BUSINESS
May 22, 2012 | By Andrew Tangel, Los Angeles Times
NEW YORK Shortly after Goldman Sachs Group Inc.'s board learned of famed investor Warren Buffett's $5-billion lifeline at the height of the financial crisis, then-director Rajat Gupta phoned hedge-fund manager Raj Rajaratnam. Rajaratnam, a federal prosecutor said Monday, then used that information when he snapped up Goldman stock before the deal was announced in September 2008. Prosecutors said Gupta helped Rajaratnam make $1 million in just six minutes with the help of illegal inside information.
BUSINESS
May 20, 2012 | By William D'Urso, Los Angeles Times
The gig: As a kid Jamon Hicks spent many afternoons in courtrooms where his mother was a clerk. He still spends a lot of his time in courtrooms, but now Hicks, 32, is a trial attorney with the Cochran Firm in Los Angeles. Also, last month Hicks became president of the California Assn. of Black Lawyers, an organization founded in 1977 that now has more than 6,000 members, including lawyers, judges, law professors and students. Growing up in court: Hicks was raised in Inglewood and Baldwin Hills, and after day care or school he was often whisked to courtrooms where his mother was finishing her workday.
ENTERTAINMENT
May 17, 2012 | By Scott Martelle, Special to the Los Angeles Times
Early in the novel, "Second Person Singular," a main character known throughout the book as "the lawyer" reads a note in his wife's handwriting. "I waited for you, but you didn't come," the note says. "I hope everything's all right. I wanted to thank you for last night. It was wonderful. Call me tomorrow?" The sense of intimacy leaps off the page. But the note was not written for the lawyer. It fell out of a copy of Tolstoy's "The Kreutzer Sonata" he had just bought from a used-book store.
SPORTS
May 17, 2012 | By Ian Duncan
WASHINGTON — Rusty Hardin, lead attorney for Roger Clemens, got the former pitcher's chief accuser to admit to a series of lies in a day of aggressive cross examination, but did not undermine his credibility with a single grand stroke. Clemens is on trial for perjury, accused of lying to Congress about his use of performance enhancing drugs. Brian McNamee, a former trainer who worked closely with Clemens, admitted that in 2007 he lied to federal agent Jeff Novitzky and the Mitchell Commission, which was investigating performance-enhancing drugs in baseball.
SPORTS
May 16, 2012 | By Ian Duncan
WASHINGTON — Brian McNamee, the key prosecution witness in the Roger Clemens perjury trial, said he had never made up details about the pitcher's drug use, but that some of his memories of it had become clearer over time. During cross-examination Wednesday, McNamee, a former strength trainer, described a conversation with Clemens in early 2004 in which the pitcher asked whether McNamee still had a source to obtain steroids. According to McNamee, Clemens told him, "I want to get really huge, I want to get strong.
NATIONAL
May 16, 2012 | By David Zucchino, Los Angeles Times
GREENSBORO, N.C. - His political career is wrecked, his reputation is destroyed. He poisoned his marriage, and his martyred wife died knowing he cheated on her and lied about it to the world. And yet Johnny Reid Edwards has behaved as if he owns the courtroom where the Justice Department has been prosecuting him the last three weeks. He strides into court, his face tanned, his hair perfectly in place, his suit crisp. He grabs his counsel's arm and orders him to object to a prosecutor's question.