Monday, July 13, 2009

UBS trial continued till August 3

Prior coverage here. Judge Gold agreed to the parties' request to let them try and work it out.

Sunday, July 12, 2009

Looking for blogger to cover interviews

I was planning on covering the interviews for judge and U.S. Attorney this week, but it turns out that I will have to do some real work and will be in court. Any volunteers to go to the interviews and blog 'em? Shoot me an email.

Maybe not on the UBS trial

According to the New York Times, the parties filed a joint motion to continue the case over the weekend in the hopes they can settle:

The Swiss bank UBS and United States federal prosecutors sought Sunday to delay a hearing scheduled for Monday so the two sides could try to settle their closely watched dispute over the release of names of wealthy American clients of the bank who are suspected of offshore tax evasion.

But the postponement request, made in a joint legal filing in a federal court in Florida, came amid fresh threats by the Justice Department that it might impose financial sanctions on UBS and possibly indict the bank should it ultimately refuse to disclose the names if required to do so by a judge.

Judge Gold will hear the motion to continue first thing Monday morning.

Friday, July 10, 2009

Best blog post forever


Paris Hilton is on the stand. And Judge Moreno is getting in on the act. In one exchange, Moreno was puzzled by the title of Hilton's current reality show, "My New BFF." "What does that mean?" he said. After Hilton gave the full title "Paris Hilton's My New Best Friend Forever" the judge remarked "This will be my best case forever." Without missing a beat, Hilton replied "You're my best judge forever."

Hat Tip: Curt Anderson


The trial is being heard by Chief U.S. District Judge Federico Moreno, who reacted with surprise when Hilton gave him a little wave before testifying. "I've never had a witness wave at me before," the judge cracked.
At one point, Hilton was testifying about how full her schedule was during rehearsals for her next film, 2008's "The Hottie & The Nottie," when Moreno interrupted.
"Was it better than this one?" the judge said, referring to "Pledge This!".
"It was really good," Hilton answered with a giggle. Along with the heels, Hilton wore an all-black sleeveless dress tied at the back and sported diamond rings and a bracelet.


UBS trial to start Monday

Lots of press coverage on the case to start Monday here.

I liked this Reuters piece on Judge Alan Gold, who is presiding over the case:

The judge presiding over a high-stakes legal showdown between the U.S. government and Swiss bank UBS AG is seen as a straight-shooter who has not shied away from taking aim at big corporate interests.
Some see Judge Alan Gold of U.S. District Court for the Southern District of Florida emerging as an international mediator as he deals with issues loaded with important foreign policy and financial ramifications, led by U.S. demands for a lifting of Switzerland's treasured bank secrecy laws.
But U.S. attorneys and prosecutors who know him say Gold, a 65-year-old native New Yorker, will studiously avoid doing anything inconsistent with his role as a judge as he handles his biggest and most publicized case since he came to the federal bench in Miami nearly 13 years ago.
"He's about as straight-shooter as they come," said Charles Intriago, a former U.S. federal prosecutor and money laundering expert, who publishes a website for law enforcement officials about asset forfeiture.
"He's the perfect judge for this," he added, referring to the hearing Gold is set to preside over Monday in a suit in which the Justice Department is seeking to force UBS to disclose information on 52,000 secret accounts suspected of being used by wealthy Americans to avoid paying their taxes.
There is little in Gold's record to indicate how he might rule in the case, which experts say could set an important legal precedent since it marks the biggest test ever of Swiss bank secrecy.
Gold grabbed the media spotlight in a business law case once before, when he presided over a class-action lawsuit against Exxon Corp that resulted in a settlement costing more than $1 billion.


Gene Stearns won that case against Exxon. This time around, he's representing UBS.

Paris Hilton to tesify Friday

She'll testify today, most likely after lunch. Here's how she looked this morning.

Don't worry; there's nothing wrong in looking, right Mr. President? (Here's Professor Althouse's take on the picture)


Thursday, July 09, 2009

I heart Paris

I had another matter in the courthouse this afternoon, so I snuck over to Judge Moreno's courtroom to see the Paris Hilton trial.

I watched a bit of both opening statements. Judge Moreno was on his A-game, asking lots of questions in his engaging and witty way. He even asked a funny question about the rule against perpetuities. Another exchange -- Lawyer: I'm here to make your life easier judge. Moreno: You are failing so far. Moreno wondered out loud why the case had not settled and asked whether Paris could simply promote the movie this weekend to settle the matter.

Paris was laughing at Judge Moreno's jokes and nodding her head in agreement during much of the proceeding. She wore a black and white sleeveless dress, a black headband, and pig-tails. UPDATE -- I added a picture of her (with one of her lawyers) walking into the courthouse so you could see for yourselves.

Wednesday, July 08, 2009

Paris, oh Paris

The Paris Hilton trial starts tomorrow. Our prior coverage is here. I imagine it's going to be a circus (as far as circuses go in federal court; remember no tweeting or blogging!) in the Chief Judge's courtroom tomorrow. I'm hoping to get an exclusive blog interview with Paris... if I do, what questions should I ask her, my dear readers?

Here's Curt Anderson's preview of the case:

In an odd intersection of showbiz and securities fraud, proving a claim that Paris Hilton was a lousy pitchwoman would benefit investors jilted by a Ponzi scheme she had no part in.
A federal lawsuit set to go to trial Thursday against Hilton contends she didn't do enough to promote the 2006 sorority hijinks movie "Pledge This!" and seeks about $8 million in damages from Hilton and her company, Paris Hilton Entertainment Inc.
One of the main investors in the box-office bomb was once a high-flying concert and theater promoter from Miami named Jack Utsick, who was listed as one of the movie's producers. When the admittedly bad movie lost money, his now-defunct Worldwide Entertainment Group took a financial hit.
But it's not Utsick who's suing Hilton. Rather, the lawsuit stems from an effort to repay people ripped off in what federal securities investigators say was a $300 million Ponzi scheme hatched by Utsick. Hilton's work on the film had nothing to do with the scheme.
The Securities and Exchange Commission said Worldwide Entertainment was a multimillion-dollar fraud and won a civil judgment earlier this year against Utsick and several associates. A federal judge appointed attorney Michael Goldberg as receiver to collect as much money as possible for some 3,300 wronged investors.
It was Goldberg who filed the lawsuit against Hilton. He claims she failed to adequately promote the DVD release for "Pledge This!" and that she deprived the film's investors of $8.3 million in profits by not cooperating.


What about the defense:

Hilton and her attorneys claim she went the extra mile to plug the movie, which played in just 25 theaters and made only about $2.9 million worldwide, according to court documents. Hilton, 28, is expected to testify in the three-day bench trial before U.S. District Judge Federico Moreno.
In a deposition, Hilton said she did promotion events at the Cannes Film Festival in France, appeared at the movie's Chicago premiere and generally mentioned it publicly whenever possible.
"Any chance I got, any red carpet, any press, if I was doing something for another product, even if I wasn't asked about it, I would just bring it up," she said.