A Louisiana court has issued a warrant for arrest for former Terrebonne assistant district attorney Stephen Callahan, 51, after he failed to appear to stand trial on allegations that he stole the money of a client, Sarah Reed, 56. Callahan’s lawyer has insisted that Callahan simply couldn’t find a ride on Monday or Tuesday.
Reed paid $3,000 to Stephen Callahan to advise her son Van Wolfe but said that he never performed his duties as a criminal defense attorney. Callahan was later arrested and faces four counts theft over $500.
Terrebonne Judge George Larke was not persuaded by the car difficulty claims and issued the warrant.
Source: Daily Comet as first seen on ABA Journal
A Billion Dollar Blunder?
By Dan Rather
What if you made a 1.5 billion dollar mistake and couldn’t take it back? According to recently unearthed court documents, one of the world’s most prestigious law firms may soon face this question, and everyone from the federal government to one of Wall Street’s biggest banks wants to know the answer.
This is a story about how small errors can have big consequences. Legal filings indicate that, three years ago, the venerable law firm Simpson Thacher & Bartlett LLP accidentally gave away $1.5 billion of its clients’ money, and the fact that the clients just happened to include the investment bank JP Morgan Chase makes the story all the more intriguing. Dan Rather Reports producer Adam Teicholz, poring over court documents in the public record, has uncovered for the first time that this mistake could become the biggest legal malpractice case in American history.
The story begins five years ago, hundreds of miles away from Wall Street. The Big Three automakers were struggling, even before the economy tanked. General Motors was desperate for cash and was able to get a massive loan from a group of banks, headed by JP Morgan. Wanting to protect its risky investment, the JP Morgan group staked claim to an astonishing $1.5 billion worth of the automaker’s cash and property as collateral.
http://www.petroleumworld.com/sunopf11070301.htm
“Gene H.
OS,
Some people just have problems and freak out whenever the Karma won’t start.”
Oh brother … that was so bad, it was good!
Of course nor eniobob….No Buses in NO…. Hmmmm….
I take it that there are no buses ?
Perhaps Mr. Callahan is not familiar with the procedural device known as a motion for continuance.
OS,
A very good point. 🙂
Gene, some people better worry that their Karma WILL start.
OS,
Some people just have problems and freak out whenever the Karma won’t start.
Dredd is spot on. Karma can come back and bite you.
Speaking of Karma, I recall reading that the carpenter who built the New York electric chair was executed in it some years later.
That is what he would have asked the court to do when he was a practicing prosecutor.
“Those who know Callahan said he was in a drug-rehabilitation center but were unsure if he was still receiving treatment.” – Daily Comet
DANG!