The ruling came in a suit filed by the state attorney general, Buddy Caldwell, against a Johnson & Johnson subsidiary, Janssen Pharmaceutical, charging misrepresentation and fraud.
Both accuse Mr. Ray, the owners of the Angel Valley Retreat Center where his retreat was held, and others of negligence, negligent misrepresentation and fraud, among other things.
"Under the MERS system," they wrote, "questions of authority and accountability arise, and determining who has authority to negotiate loan modifications and who is accountable for misrepresentation and fraud becomes extraordinarily difficult".
This, at least, is the result of a recent study by Jonathan Leland and his colleagues at IBM, which compared 17 countries.The Internet's anonymity and vastness encourage misrepresentation and fraud.
Another paper, by Jonathan Karpoff of the University of Washington, Scott Lee of Texas A&M University and Gerald Martin of American University, found that American firms facing bribery-enforcement action lose 9% of their market value, mostly because they have other problems with misrepresentation and fraud.
In 1998 Stack's and A-Mark Auction Galleries of Beverly Hills sued the ANA alleging misrepresentation and fraud based on the group's relationship with Heritage.
Worse, regulators have repeatedly asserted legal positions that shield the agencies from investor lawsuits, despite questions of misrepresentation, negligence and fraud in the rating of mortgage investments.
These representations were material to the GSEs, as reasonable investors, and their falsity violates (the law) and constitutes negligent misrepresentation, common law fraud, and aiding and abetting fraud," the FHFA said in the suit against Merrill Lynch.
But in recent court filings, Monique's sons argue that John Eastman, a trust lawyer, "set about insulating his passive and unsophisticated stepmother from the administration of the trust," using "intimidation, fraud by omission and fraud by misrepresentation".
They sued Selig and the Marlins owner Jeffrey Loria for fraud, misrepresentation and several other counts involving the Expos ownership.
As politicians and city officials filed outside into a gathering snowstorm, dozens of cops from Quebec's Permanent Anti-Corruption Unit moved in for an unprecedented raid, searching for documents to prove allegations of fraud, misrepresentation and abuse of trust.
