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Lindquist & Vennum law firm ousts partner for misconduct
Legal Business | 2010/04/09 09:24

Michael S. Margulies, a prominent Twin Cities real estate lawyer and recently resigned member of the St. Paul Planning Commission, was forced to withdraw as partner of Minneapolis law firm Lindquist & Vennum after the firm claimed he engaged in professional misconduct.

The firm's investigation "uncovered the fact that (Margulies) had misappropriated significant sums from a limited number of clients and from the firm," said Daryle Uphoff, managing partner of Lindquist & Vennum, in a written statement.

The statement came Friday, the same day Margulies, 56, of St. Paul, and his personal company, Triad Services, were sued in Ramsey County District Court by a real estate development company for which he had worked as an attorney, secretary and treasurer.

In the lawsuit, CMB Minnetonka LLC alleged that Margulies "made numerous illicit withdrawals" from CMB's bank account and line of credit at Highland Bank and used the money — $1.5 million or more — for his own purposes.

Specifically, the suit claims Margulies spent the money to overhaul the historic mansion at 516 Summit Ave. in St. Paul that he owned with his former wife.

"It's a matter of somebody getting way out of line with the authority they were given as a lawyer," said Douglas Elsass, attorney for CMB.



BeBevCo Has New Legal Counsel
Legal Business | 2010/04/09 05:43

BeBevCo announced today they have hired a new legal team: McMullen Associates LLC from Charlotte, North Carolina. McMullen Associates LLC is a Securities and Corporate Law Firm that specializes in Securities Regulation, Corporate Law, Mergers and Acquisitions, Corporate Finance, Business Law, Private Placement Memorandums, Exchange Listings, Franchising, as well as all general securities law practice and corporate law matters. "After a five-hour meeting that included four of our staff and five of theirs, it was by far the most educational as well as convincing that McMullen Associates team of experts will get the job by helping us develop short and long term strategies to move BeBevCo along a path to the Bulletin boards and then on to the AMEX," said CEO Brian Weber.

About BeBevCo - BeBevCo (Bebida Beverages Company) develops, manufactures and markets several beverages including Koma Unwind "Chillaxation Drink ™," Koma Unwind Sugar-free "Chillaxation Drink ™" and Koma Unwind "Chillaxation Shot™" as well as Potencia Energy Drink and Potencia BLAST energy shot, Piranha Water.



The Law of Diversity: Adorno & Yoss Law Firm
Legal Business | 2010/02/16 08:55

At the law firm of Adorno & Yoss, diversity is not an afterthought, nor is it a marketing ploy to gain new business.

No, diversity -- doing business with and hiring minorities -- is front and center at Adorno & Yoss, the largest minority-owned law firm in the nation. With about 300 lawyers in 20 offices around the country, and a Fortune 200 client list, the Florida-based law firm has emerged as one of the premier law offices in the nation. The company, which has two offices in Latin America, is also a member of the National Minority Supplier Development Council.

"We are seeing what is happening with the population in this country," said Florida-based Henry Adorno, CEO and co-founder of Adorno & Yoss. "Being able to understand that and being able to communicate with our clients gives us the competitive advantage."



Thomas: Some questioning of Court 'irresponsible'
Legal Business | 2010/02/06 18:29

Questioning the Supreme Court and other government branches needs to stay within the range of fair criticism or "run the risk in our society of undermining institutions that we need to preserve our liberties," Justice Clarence Thomas said Thursday.

Thomas also told an audience at the University of Florida law school that some comments he hears about the court "border on being irresponsible."

He didn't speak specifically about the court's recent decision on campaign financing or mention President Barack Obama. But Thomas' comments come a week after Obama took the rare step of openly criticizing the decision during his State of the Union speech.

Thomas supported the 5-4 ruling that allows companies and unions to spend freely on ads that promote or target candidates by name.



NY Court Rejects Dan Rather's Appeal Against CBS
Legal Business | 2010/01/12 09:38

New York's top court has rejected Dan Rather's bid to reinstate his $70 million breach-of-contract lawsuit against CBS Corp.

Rather's motion was denied without comment Tuesday by the Court of Appeals.

CBS spokeswoman Shannon Jacobs says the network is pleased with the outcome. A call to Rather's lawyer was not immediately returned.

Rather sued CBS and its top executives in 2007, claiming he had been wrongfully removed from his "CBS Evening News" anchor post over a report that examined President George W. Bush's military service.

In September, a five-member Appellate Division panel unanimously concluded there was no breach of contract because CBS still paid Rather his $6 million annual salary after the disputed 2004 broadcast.



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