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SAN FRANCISCO (HedgeWorld.com) - The hedge fund defendants in a libel lawsuit filed by Overstock.com Inc. two years ago have answered Overstock's complaint, and included a cross-complaint alleging that it is the Salt Lake City-based online marketing firm itself that has violated California statutes and committed common- law tort violations as it has manipulated its own stock price.
These responsive papers were a long time in coming, delayed while research firm Gradient Analytics Inc., another defendant in Overstock.com's lawsuit, pressed its unsuccessful efforts in the California appellate courts to have the lawsuit stopped on the grounds that it infringed upon the rights of journalists, analysts, researchers and others to make critical comments about public companies.
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The district did it without my knowledge," said [Carl Robinson]. "And now they are telling me that I have to pay their portion.
"She continuously lied and perjured...and there were many incomplete depositions," Robinson said. "We were winning the case, but the district thought it would be cheaper to settle," according to Robinson.
Stated in the cross complaint, "[Gerald Burgess] held out Robinson as having been guilty of having violated criminal and civil statutes and of being unfit for his position as Trustee of the Compton Community College District."
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FORECLOSURE; SUMMARY JUDGMENT; SUA SPONTE DISMISSAL -- Trial court erred in granting motion for summary judgment in foreclosure action where purported certificate of judgment filed by the movant failed to demonstrate that movant had perfected its judgment lien upon the subject real property. Because appellant untimely filed his "cross-complaint" without first seeking leave of court, the trial court had the authority to dismiss it despite the fact that the court did not give appellant notice of its intention to dismiss and an opportunity to respond.
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CHINO - Chino Valley Unified School District's longtime legal firm, Jimmy Gutierrez and Ronald Vera LLP, will be removed from a lawsuit after a motion to disqualify it in a cross- complaint was set for June 18.
CVUSD has already paid $207,000 to Gutierrez for his work on the original lawsuit and the cross-complaint.
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There is a lot of money riding on Sunsefs glossy pages. The Sunset House, while architecturally sustainable and aesthetically opulent, rests on a shaky financial foundation. Roger and Basil Mills, Monterra's owners, have shuttered their agricultural company, Mills Family Farms, and sunk deep in real-estate debt. Monterra faces lawsuits from unpaid construction companies and one investor alleging elder abuse. Notices of defaults continue to pile up, and some banks consider foreclosing on Monterra properties. Major lenders, including a city of Saunas employee retirement fund, hope the Sunset House will renew interest in the project and trigger lot sales-so everyone gets paid.
Monterra's legal bills are adding up, too. RCA Enterprises, the former general contractor on the project, sued Mon...