securities fraud
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Colorado Supreme Court finds defendant deprived of chance to testify about lawyer’s advice
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The Colorado Supreme Court agreed on Monday that a man serving a lengthy prison sentence for securities fraud should receive a new trial after he was prohibited from testifying about what information his lawyer advised him to disclose to investors. Kelly James Schnorenberg contended he did not commit securities fraud because he consulted with an…
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Colorado justices weigh new trial for defendant barred from testifying about his lawyer’s advice
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Members of the Colorado Supreme Court considered last week whether a man serving a lengthy prison sentence for securities fraud should receive a new trial, after he was prohibited from testifying about what information his lawyer advised him to disclose to investors. Kelly James Schnorenberg contended he did not commit securities fraud because he consulted…
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Federal judge agrees state’s ‘intercept’ of man’s $3.5 million jury award was proper
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A federal judge agreed last month that Colorado acted properly by not paying a man directly for violating his rights, but instead crediting the jury’s multimillion-dollar award toward the crime victim restitution he still owed in his criminal case. Addressing an unusual question, U.S. District Court Judge S. Kato Crews determined it was permissible for…
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Colorado justices allow sentences of probation after prison, even though prison-plus-probation illegal
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Even though the Colorado Supreme Court ruled five years ago that sentences of prison plus probation are illegal, the justices decided on Monday that judges were permitted to fix those sentences by imposing basically the same punishment. In its 2019 decision of Allman v. People, the Supreme Court ruled that state law treats probation as an…
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Appeals court interprets ambiguous phrase in Colorado’s criminal records sealing law
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Colorado’s second-highest court last month interpreted for the first time an ambiguous phrase in a 2019 law, and concluded a man convicted two decades ago for securities fraud was not entitled to have his criminal records sealed. Lawmakers enacted House Bill 1275 nearly five years ago to increase the availability of records-sealing for people convicted of less serious…
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Colorado Supreme Court takes up cases on Title IX investigations, COVID campus closure
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The Colorado Supreme Court recently agreed to hear multiple cases implicating a witness’ immunity for making defamatory statements in a school sex assault investigation, whether a university can be sued for closing its campus early in the COVID-19 pandemic, and whether a man should receive a new trial for his numerous securities fraud convictions. At…
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By 5-2, state Supreme Court green-lights investors’ lawsuit against Denver energy company
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In a divided ruling on Monday, the Colorado Supreme Court permitted a pension plan for law enforcement to sue a Denver-based oil and gas company for allegedly misleading investors in violation of a Depression-era law designed to prevent fraud. The question for the state’s highest court was whether Jagged Peak Energy Inc. would be held…
