Quote of the Day: Howrey Going To Void These Loans?

Stephen O’Neal

I later found out that during this whole period of time… when I was being romanced by Citibank, that they had reason to believe — in fact, they knew — that Howrey was in default of material covenants, and they didn’t tell me that.

– Stephen O’Neal, a former partner of Howrey LLP, in a deposition in his pending litigation against Citibank. O’Neal and another former Howrey partner, David Buoncristiani, allege that Citibank committed fraud by encouraging them to finance their capital contributions with Citi, claiming that Howrey was financially sound when the bank knew Howrey wasn’t.

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Tags: Biglaw, Capital Contributions, Citi, Citibank, Citigroup, David Buoncristiani, Debt, Debts, Depositions, Howrey, Howrey like dem apples, Howrey LLP, Loans, Money, Partner Issues, Partners With Issues, Quote of the Day, Stephen O'Neal, Stephen V. O'Neal, Steve O'Neal Partners have issues.

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Mediation Fails, West Virginia Slurry Pollution Case Going to Trial

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

Mediation has failed to settle a lawsuit by hundreds of Boone County residents who blame coal companies for contaminating their water supplies.

Attorney Roger Decanio said this week that the case against Massey Energy and four subsidiaries is headed for trial.

Circuit Judge William Thompson has consolidated 155 medical monitoring lawsuits involving about 350 people and tentatively scheduled trial for June 12.

The companies are now owned by Virginia-based Alpha Natural Resources.

The other operators originally sued have agreed to confidential settlements but denied responsibility for the problems.

Residents of Seth and Prenter say mining activities, including the underground injection of coal slurry, are to blame for discolored, foul-smelling well water and health problems.

The plaintiffs are now served by public water lines and no longer rely on their wells for consumption.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: Alpha natural Resources, Massey slurry pollutuon lawsuit, West Virginia slurry pollution, West Virginia slurry pollution lawsuitHave a hot lead? Email us at newsdesk

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Washington Insurance Commish Kreidler Going for 4th Term

April 12, 2012Email ThisPrintNewslettersTweetArticleComments

State Insurance Commissioner Mike Kreidler said he’s seeking a fourth term in office.

The Democrat officially kicked off his campaign on Wednesday and began collecting campaign funds, something that by Washington law he could not do until Legislature was finished for the session earlier this week.

So far only one other candidate, Martin Reilly, a Republican, has made known an official bid for election to the office.

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