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"I've made a terrible mistake," Gerald Shvartsman, 46, told Judge Lewis Liman in Manhattan federal court as he pleaded guilty, according to the Associated Press. Michael Shvartsman, 53, and Gerald Shvartsman, who owns a furniture manufacturing company, are scheduled to be sentenced on July 17. Sentencing guidelines recommend that Gerald Shvartsman, who netted about $4.6 million in illegal trading profits, receive a prison term of between 33 and 41 months. Alan Futerfas, a lawyer for Michael Shvartsman, declined to comment on the guilty plea. A lawyer for Gerald Shvartsman did not immediately respond to a request for comment.
Persons: Donald Trump's, Michael Shvartsman, Gerald Shvartsman, DWAC, I've, Judge Lewis Liman, Bruce Garelick, Michael Shvartsman's, Liman, Damian Williams, Alan Futerfas Organizations: Trump Media & Technology Group, Trump Media, Associated Press, Rocket, Manhattan U.S Locations: Florida, New York, Manhattan, Michael Shvartsman's Miami
Two brothers from Miami pleaded guilty on Wednesday in federal court in Manhattan for their role in a nearly $23 million insider-trading scheme surrounding the 2021 announcement that former President Donald J. Trump’s social media company planned to merge with a cash-rich shell company. Michael and Gerald Shvartsman, who had pleaded not guilty to securities fraud charges last summer, were set to go on trial later this month. But the brothers decided this week to forgo a trial, instead entering their guilty pleas before Judge Lewis J. Liman of U.S. District Court for the Southern District of New York. Each man pleaded guilty to one count of securities fraud. Michael Shvartsman, who ran a venture investment firm called Rocket One, used some of the proceeds from the scheme to buy a $14 million luxury yacht that he named Provocateur.
Persons: Donald J, Michael, Gerald Shvartsman, Judge Lewis J, Liman, Michael Shvartsman Organizations: Southern, of, Trump Media & Technology Group, Acquisition Corporation Locations: Miami, Manhattan, U.S, of New York
A Florida venture capitalist and his brother moved Monday toward potential guilty pleas in an insider trading case connected to the merger that took Donald Trump's social media company public last week. A new court filing Monday revealed that a change of plea hearing for the brothers will be held Wednesday afternoon in U.S. District Court in Manhattan. Trump Media and Technology Group mentioned the case in a securities filing on Monday. As of late Monday, there was no change of plea hearing for him scheduled on the docket. They are accused of buying up DWAC stock based on nonpublic information that the shell company was considering a possible merger with Trump's social media company, Trump Media and Technology Group, which owns the Truth Social app.
Persons: Michael Shvartsman, Donald Trump's, Gerald Shvartsman, Alan Futerfas, Michael Shvartsman's, Futerfas, Donald Trump, Shvartsman, Gerald Shvartman, Roland Riopelle, Bruce Garelick, Garelick, Judge Lewis Liman, Gerald, DWAC Organizations: Manhattan Federal Court, Trump Media, Trump Organization, CNBC, Technology Group, TMTG, DOJ, Department of Justice, U.S, Attorney's, Trump Media's, Nasdaq, Corp, Rocket, Shvartsman Locations: Manhattan, New York City, U.S, Florida, New York, South Florida, Miami, DWAC
Jake Gyllenhaal said he sliced his hand open while fighting Conor McGregor in "Roadhouse." Gyllenhaal said he caught a staph infection and his arm swelled up because of the injury. AdvertisementJake Gyllenhaal said he sliced his hand while filming a fight scene with Conor McGregor in the upcoming movie "Roadhouse." "We're fighting on the floor, fighting around tables, we're fighting around glass, even if it's breakaway glass," he said. Symptoms of a staph infection include swollen red skin, warmness, a fever, and pus inside the infected area.
Persons: Jake Gyllenhaal, Conor McGregor, Gyllenhaal, , Doug Liman's, Rowdy Harrington's, Patrick Swayze, Dalton, Ben Brandt, Billy Magnussen, Knox, Donnie Darko, Dax Shepard, McGregor, I'm, We're, Jason Walsh, Walsh Organizations: Service, Amazon Prime, UFC, CDC, Business Locations: Florida
Netflix, Amazon, Paramount+, and Disney competed for attention with premieres and eye-catching installations. While there, I got to witness South by Southwest's opening weekend, which was dominated by the streaming heavyweights Netflix, Amazon, and Paramount+, with a cameo from Disney. Netflix held a premiere for "3 Body Problem," and Amazon built an interactive postapocalyptic world to promote "Fallout." AdvertisementNetflix's 3D projection for "3 Body Problem" stopped people in their tracks. Nathan McAloneLater, as the "3 Body Problem" premiere began, I heard "Game of Thrones" alum John Bradley (of Samwell Tarly fame) mutter an anxious "Oh God."
Persons: , Max, Nathan McAlone Netflix, David Benioff, Weiss, Alexander Woo —, Doug Liman, Nathan McAlone, John Bradley, mutter, Bradley shouldn't, Palmer Haasch, Bradley, Blake Griffin, Nathan McAlone Amazon, Bass Reeves, Alex Garland's Organizations: Southwest, Netflix, Paramount, Disney, Service, HBO, Hollywood, Amazon, Paramount Theatre, Rotten, Mortal Media, Apple, Studios, Austin Convention Locations: Austin, Hollywood, United States
Prime Video's "Mr. & Mrs. Smith" series stars Donald Glover and Maya Erskine. Thankfully, Prime Video's "Mr. & Mrs. Smith" TV series stands apart from the usual pitfalls of nostalgia bait and familiarity. While neither Pitt or Jolie appear in the Amazon TV show alongside Glover and Erskine, the opening episode finds a metaphorical way of saying goodbye to the "Mr. & Mrs. Smith" movie. AdvertisementSo while audiences will already be familiar with the idea of married spies, the "Mr. & Mrs. Smith" series feels fresh enough to stand on its own two feet. "Mr. & Mrs. Smith" is streaming now on Prime Video.
Persons: Smith, Donald Glover, Maya Erskine, It's, Brad Pitt, Angelina Jolie, , John, Jane Smith, it's, Jane, Pitt, Jolie, Glover, Erskine, Alexander Skarsgård, Eiza Gonzalez, they've, Jane's, Gonzalez, Doug Liman Organizations: Service, Amazon Locations: York
The first trailer for the movie “Road House,” a “high-octane, adrenaline-filled reimagining” of the 1989 Patrick Swayze classic, shows a beefed-up Gyllenhaal ready to take on some local bad guys in the Florida Keys. On Monday, Gyllenhaal had teased the movie, sharing the official “Road House” poster and announcing the trailer was coming. Road House - Official Trailer | Prime Video“In the studio, putting the finishing touches on @roadhousemovie and feeling fortunate to have worked with so many talented folks throughout the making of this film,” he wrote. It is the first movie role for MMA fighter Conor McGregor. “Road House” will premiere on Prime Video March 21.
Persons: Jake Gyllenhaal, , Patrick Swayze, Gyllenhaal, Dalton, , Swayze, Doug Liman, Jessica Williams, Lukas Gage, Daniela Melchior, Billy Magnussen, Joaquim de Almedia, Arturo Castro, B.K, Cannon, Beau Knapp, Darren Barnet, Conor McGregor Organizations: CNN, UFC, Bourne Locations: Florida
CNN —Try to keep track of the galaxy of former President Donald Trump’s legal problems. The trial marks the first of Trump’s criminal cases expected to proceed. Federal criminal court in Florida: Mishandling classified materialTrump has pleaded not guilty to 37 federal charges brought by Smith over his alleged mishandling of classified documents. A federal judge threw out the lawsuit in November 2022. A New York judge dismissed The New York Times from Trump’s lawsuit regarding disclosure of his tax returns and ordered Trump to pay the newspaper’s legal fees.
Persons: Donald Trump’s, Trump, Teddy Roosevelt, Roosevelt, Woodrow Wilson, Barnes, Doris A, Lawrence H, Budner Theodore Roosevelt, Congress Trump, Letitia James, Judge Arthur Engoron, Donald Jr, Eric, Ivanka, Sarah B, Wallace, Jack Dempsey, Jean Carroll, Jack Smith’s, Joe Biden, Tanya Chutkan, Obama, Chutkan, Stormy Daniels, Attorney Alvin Bragg, Daniels, Michael Cohen, Juan Merchan, Fani Willis, Brad Raffensperger, Jenna Ellis, John Bazemore, Sidney Powell, Kenneth Chesebro, Ellis, Powell, Chesebro, Smith, Allen Weisselberg, Weisselberg, Peter Strzok, Michael Cohen’s, Cohen, William Barr, Judge Lewis Liman, Mary Trump Organizations: CNN, Trump, White House, New York Republican, White, Progressive, DeGolyer Library, Southern Methodist, Congress, New, . New York, Colorado voters, Capitol Police, Minnesota’s, Federal, Iowa Republicans, Supreme, Prosecutors, Manhattan, Attorney, Fulton, Georgia, Republican, Department of Justice, . Justice Department, Reuters, National Archives, Trump Organization, Former Trump Organization, US Capitol Police, Metropolitan Police, FBI, Justice Department, New York Times Locations: New York, Colorado, Washington , DC, Florida, Michigan, Washington ,, Washington, Colorado’s, Denver, Manhattan, Iowa, DC, York, Georgia, Coffee County , Georgia, Atlanta, nemeses, Trump's, Lago, Mar, Bedminster , New Jersey, Rikers
Macurdy asked De Niro whether it was true that he sometimes urinated as he spoke with Robinson on the telephone. Sometimes, De Niro sounded like he wanted to leave the witness stand. He rejected Macurdy's suggestion that he sued Robinson before she sued him because he wanted publicity. It's the last thing I wanted to do,” De Niro said. De Niro, 80, has won two Oscars in a six-decade movie career that has featured memorable roles in films including “The Deer Hunter” and “Raging Bull."
Persons: Robert De Niro, Graham Chase Robinson, De, Andrew Macurdy, Robinson, De Niro, De Niro's, Niro, Macurdy, ” De Niro, , , , Chase Robinson, Judge Lewis J, Liman, ” “, ” Macurdy, Hunter ”, Martin Scorsese's Organizations: De, Canal Productions Locations: New York, Europe, California
NEW YORK (AP) — Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. Robinson, who worked for De Niro between 2008 and 2019, was paid $300,000 annually before she quit as his vice president of production and finance. But when a lawyer for Robinson asked him if he considered her a conscientious employee, he scoffed. Repeatedly, Judge Lewis J. Liman explained the rules of testimony to De Niro and that there were limits to what he could say. “Can I ask a question?” De Niro asked in one exchange with Robinson's lawyer.
Persons: — Robert De Niro, De Niro, Oscar, Hunter ”, , Graham Chase Robinson, Robinson, , Robinson's, Lewis J, Liman, ” De Niro, Tiffany Chen, Niro, Chen, De, Andrew Macurdy, Macurdy, ” De, Richard Schoenstein, countersued Robinson, Schoenstein Organizations: De, Canal Productions Locations: New York City, Manhattan, De Niro
People walk by the Federal Reserve Bank of New York in the financial district of New York City, U.S., June 14, 2023. REUTERS/Shannon Stapleton//File Photo Acquire Licensing RightsCompanies Federal Reserve Bank of New York FollowNEW YORK, Sept 25 (Reuters) - A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed religious objections in refusing to be vaccinated against COVID-19. The New York Fed began requiring COVID-19 vaccines for all employees in August 2021. The New York Fed declined to comment. The case is Gardner-Alfred et al v Federal Reserve Bank of New York, U.S. District Court, Southern District of New York, No.
Persons: Shannon Stapleton, District Judge Lewis Liman, Lori Gardner, Alfred, Jeanette Diaz, Gardner, Diaz, Liman, John Balestriere, Alfred et, Jonathan Stempel, Aurora Ellis Organizations: Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, COVID, U.S, District, New York Fed, Catholic, New, Fed, Court, Southern District of, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, Manhattan, Bronx , New York, Bayonne , New Jersey, New York, COVID, Southern District, Southern District of New York
Payouts expected from Elon Musk's SEC settlement
  + stars: | 2023-08-24 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
The "fair fund" was created under a settlement arising from Musk's August 2018 tweet that he had "funding secured" for a Tesla buyout at a premium. The fund was originally $40 million, with Musk and Tesla each contributing $20 million. The SEC settlement also included a consent decree under which Musk gave up his role as Tesla's chairman and agreed to let a Tesla lawyer approve some of his Twitter posts. Musk is expected to appeal that decision to the U.S. Supreme Court. The case is SEC v Musk et al, U.S. District Court, Southern District of New York, No.
Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, District Judge Lewis Liman, Jonathan Stempel, Jonathan Oatis Organizations: Elon, SpaceX, Tesla, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, U.S, District, SEC, Forbes, Twitter, Supreme, Court, Southern District of, Thomson Locations: Paris, France, Manhattan, U.S, Southern District, Southern District of New York, New York
The merger, which would take Trump Media public, has yet to occur. The proposed Digital World-Trump Media merger remains uncertain. If it closes, Trump Media would gain access to more than $1 billion in cash from Digital World's institutional investors, such as hedge funds. According to a Feb. 2, 2021 services agreement, Trump controls 90% of Trump Media. Digital World shareholders are set to vote in August on whether to extend the deadline to September 2024.
Persons: Michael Shvartsman, Amr Alfiky, Donald Trump's, Michael, Gerald Shvartsman, Bruce Garelick, District Judge Lewis Liman, Trump, Garelick, Shvartsman, Jody Godoy, Jonathan Stempel, Richard Chang Organizations: Manhattan Federal Court, REUTERS, U.S, Trump Media & Technology Group, Trump Media, District, Rocket, Digital, Authorities, U.S . Securities, Exchange Commission, Trump, Court, Southern District of, SEC, Thomson Locations: Manhattan, New York City, U.S, Florida, New York, Miami, Southern District, Southern District of New York
QAMISHLI, Syria, June 20 (Reuters) - Two local civilian officials and their driver were killed in Syria's Kurdish-run northeast on Tuesday when their car was targeted by a Turkish drone strike, regional Kurdish authorities said. Kurdish medical sources and a security source said a Turkish drone had targeted their car in the village of Tal Shaeer in northeast Syria. It named the figure as Ridvan Ulugana and said he had been active in operations targeting the Turkish military. It did not say that any civilians were killed, or mention Tal Shaeer. (This story has been corrected to fix Chamoun's first name and job title in paragraph 2)Reporting by Orhan Qereman in Qamishli, Syria; Daren Butler and Huseyin Hayatsever in Turkey; writing by Maya Gebeily; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
Persons: Yusra Darwish, Liman Shawish, Gabriel Chamoun, Tal Rifaat, Tal Shaeer, Ulugana, Orhan Qereman, Daren Butler, Huseyin Hayatsever, Maya Gebeily, Mark Heinrich Our Organizations: MIT, Turkish, Kurdistan Workers ' Party, European Union, Syrian Democratic Forces, Islamic, Thomson Locations: QAMISHLI, Syria, Turkish, Kurdish, Qamishli, Tal Shaeer, Tal, Turkey, Syria's, Ankara, United States, Islamic State
Musk's decree resolved an SEC lawsuit accusing him of defrauding investors with an Aug. 7, 2018, tweet that he had "funding secured" to take his electric car company private. Musk and Tesla each also paid $20 million in civil fines, and Musk gave up his role as chairman. But the three-judge appeals court panel said the SEC had opened just two subsequent inquiries into Musk's tweets, and those tweets "plausibly violated" the decree's terms. It also said Musk chose to allow screening of his tweets, and had no right to revisit the matter "because he has now changed his mind." The case is SEC v Musk, 2nd U.S.
Companies Peloton Interactive Inc FollowNEW YORK, May 2 (Reuters) - A U.S. judge on Tuesday refused to let Peloton Interactive Inc (PTON.O) customers pursue a class action accusing the bike and treadmill maker of misleading them about the "ever-growing" size of its library of on-demand fitness classes. The decision is a victory for New York-based Peloton, because class actions can allow for greater recoveries at lower cost than when plaintiffs sue individually. According to the customers, Peloton knew this could happen, yet kept charging full price for products containing copyrighted songs by Adele, Beyoncé, Luke Bryan, Drake, Ariana Grande, Madonna, Justin Timberlake, Jay Z and other artists. Peloton settled the licensing lawsuit by the National Music Publishers' Association and 14 members in February 2020. The case is Passman et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No.
Circuit Court of Appeals in Manhattan that the judiciary has a responsibility to remediate the harm done by Trump and his subordinates. Liman said that while his decision did "violence" to Cohen's constitutional rights, Cohen was not entitled to damages under U.S. Supreme Court precedent. Michael Cohen, former attorney for former U.S. President Donald Trump, arrives to the New York Courthouse in New York City, U.S., March 13, 2023. Former U.S. Attorney General William Barr and various prison officials are also defendants in Cohen's lawsuit. He is also suing Cohen for $500 million in damages in federal court in Miami, accusing him of "spreading falsehoods" and failing to keep attorney-client communications confidential.
U.S. District Judge Lewis Liman in Manhattan found the defendant AirBridgeCargo Airlines LLC and its parent Volga-Dnepr Logistics BV liable, after the invasion and resulting sanctions left the plaintiff BOC Aviation unable to reclaim the aircraft. BOC Aviation said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage. This followed restrictions imposed by the European Union against Russian carriers on aircraft used in Russia, and Russian sanctions on foreign assets, including internationally leased aircraft. BOC Aviation said it was able to recover one leased plane and two of its four engines, while the two other planes and two other engines remained in Russia. The case is BOC Aviation Ltd v AirBridgeCargo Airlines LLC et al, U.S. District Court, Southern District of New York, No.
U.S. District Judge Lewis Liman in Manhattan found the defendant AirBridgeCargo Airlines LLC and its parent Volga-Dnepr Logistics BV liable, after the invasion and resulting sanctions left the plaintiff BOC Aviation unable to reclaim the aircraft. A lawyer for Singapore-based BOC Aviation had no immediate comment, having yet to hear from his client. BOC Aviation said AirBridgeCargo went into default after being unable to maintain required reinsurance coverage. BOC Aviation said it was able to recover one leased plane and two of its four engines, while the two other planes and two other engines remained in Russia. The case is BOC Aviation Ltd v AirBridgeCargo Airlines LLC et al, U.S. District Court, Southern District of New York, No.
Trump has denied having an affair with Daniels and says the probe by Bragg, a Democrat, is politically motivated. According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals. A federal judge ruled that Trump and FBI Director Christopher Wray can be deposed for two hours each as part of the lawsuit. “What (Trump’s lawsuit) lacks in substance and legal support it seeks to substitute with length, hyperbole, and the settling of scores and grievances,” US District Judge Donald Middlebrooks wrote. Woodward later released “The Trump Tapes,” an audiobook featuring eight hours of raw interviews with Trump interspersed with the author’s commentary.
The Sundance Film Festival was back in person for the first time since 2020. In five days I saw eight films, and while I'm not a critic, I can affirm that not one of them was a clunker. Asked about the film's aspect ratio in an audience Q&A, Jalali said, "It was prettier that way." The bulk of the films I saw were more commercial, and four of them centered on relationships. And then there was "Cat Person," based on a 2017 New Yorker story about dating by Kristen Roupenian.
The Sundance Film Festival was back in person for the first time since 2020. A-list stars like Anne Hathaway and Jason Momoa were present to promote their buzzy films. It was impossible not to feel optimistic about the state of independent film at the opening weekend of the Sundance Film Festival. In five days I saw eight films, and while I'm not a critic, I can affirm that not one of them was a clunker. At an event like Sundance, even amid some hand-wringing over the future, the excitement is contagious.
On the agenda today:But first: Our LA bureau chief Alison Brower has been at the Sundance Film Festival this week. Brooke Shields attends the 2023 Sundance Film Festival "Pretty Baby: Brooke Shields" Premiere at Eccles Center Theatre on January 20, 2023 in Park City, Utah. Amy Sussman/Getty ImagesIt was impossible not to feel optimistic about the state of independent film at the opening weekend of the 39th Sundance Film Festival in Park City, Insider's Alison Brower writes. The party scene was as lively as ever, anchored by HBO Documentary Films' annual shindig at Ruth's Chris Steak House. Many experts worry that without some type of major intervention, the obstacles facing first-time homebuyers will continue to get worse for years to come.
The filmmakers said they started getting new tips about Kavanaugh right after the film was announced. Programmers of the indie film fest, held annually in Park City, Utah, revealed Thursday that the film "Justice" from director Doug Liman would screen on Friday evening. The film centers on accusations initially made against Kavanaugh in 2018, when he was nominated to the Supreme Court by President Donald Trump. "I do hope that this triggers outrage, I do hope that this triggers action, I do hope that this triggers additional investigation with real subpoena powers." He previously told the Hollywood Reporter that "the Supreme Court, which is sacred for all of us, holds special meaning for me."
A New York man convicted on charges that he moved into his daughter’s dorm room at Sarah Lawrence College and abused students at the elite school in a nearly 10-year scheme was sentenced Friday to 60 years in prison. Manhattan federal court Judge Lewis J. Liman told Lawrence Ray, 63, that his crimes were "particularly heinous." Ray was convicted at trial last year of charges including racketeering, conspiracy, forced labor and sex trafficking. Sarah Lawrence College in Bronxville, N.Y. Stephanie Keith / Getty Images fileOne woman testified at the trial that Ray had convinced her that she had poisoned him and became a sex worker to try to pay reparations to him. The woman said she paid Ray $2.5 million over four years in installments that averaged $10,000 to $50,000 a week.
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