Tag: Sandra Day O’Connor

  • Theatrical Rusty Hardin takes Clemens’s case

    Baseball’s Roger Clemens has never been one to back down and go easy on batters.

    So it’s no surprise that he has launched a very public campaign to clear his name of allegations leveled against him in the Mitchell report on the use of steroids and other performance-enhancing drugs in baseball.

    And it’s also not surprising that Rusty Hardin, a Houston-based criminal defense lawyer, is representing Clemens. (Story continues below interactive map.)

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    “(Hardin) remains the name that should be on the speed-dial of every athlete or deep-pocketed Houstonian who might ever conceivably get into trouble,” wrote the Houston Press in naming Hardin Houston’s best criminal defense lawyer of 2005.

    The honor didn’t come easily, as Houston has long had a reputation for effective and flamboyant criminal defense lawyers.

    However, selecting Hardin was a no-brainer, the Press wrote, “like naming Lance Armstrong as Best Bicyclist from Texas.”

    Hardin, 66, a Vietnam War veteran, and a graduate of Southern Methodist University Law School, first made a name for himself working as a prosecutor in Houston for the Harris County District Attorney’s office.

    During his 15 years there, he almost always won. By his own account, he sent 15 men to death row, according to The New York Times.

    The key to his victories was his preparation and his folksy ability to win over juries. “His closing arguments were pure theater,” wrote Pamela Colloff in a 2000 Texas Monthly profile.

    Summing things up for the jury at the end of one trial, Hardin reenacted the murder by pretending to pump shotgun shells into a truck. In another summation, he swung a pickax — the murder weapon — into a phone book.

    Hardin left the D.A.’s office in 1990 and went into private practice. His resume shows a wide variety of clients. He represented the accounting firm of Arthur Anderson LLP in an Enron-related case. His firm, Rusty Hardin & Associates, P.C., has also handled cases for Rice University, ExxonMobil and Dow Jones & Co.

    Hardin successfully represented the estate of J. Howard Marshall II against claims by Marshall’s wife, Anna Nicole Smith, a former Playboy centerfold.

    He has also has fared well defending sports stars, so much so that his firm’s website has a section headed “Professional Athletes.”

    Former basketball star Calvin Murphy turned to Hardin when he was charged with sexual assault of a child. A jury acquitted Murphy after a five-week trial.

    Hardin also got an acquittal after NFL quarterback Warren Moon was charged with assaulting his wife. Hardin represented basketball coach Rudy Tomjanovich and basketball player Steve Francis in separate driving-while-intoxicated cases. Juries acquitted both men.

    Clemens, one of the biggest names in baseball and the winner of 354 games over a 24-year Major League career, hasn’t been charged with any crimes.

    But former Sen. George J. Mitchell, D-Maine, named Clemens in a report about the use of performance-enhancing drugs in baseball.

    Allegedly, Clemens used steroids while playing for the Toronto Blue Jays in 1998 and while a New York Yankee in the early 2000s. The report also accuses Clemens of using human growth hormone.

    Brian McNamee, a former trainer with the Blue Jays and strength coach with the Yankees, is the source of these allegations.

    Hardin says that McNamee is lying in exchange for easy treatment by federal authorities. “(He) only came up with names after being threatened with possible prison time,” Hardin said at a press conference earlier this month.

    The Times reported Saturday that McNamee has retained Richard D. Emery, a New York City lawyer with experience in libel and defamation cases. Emery took aim at a 60 Minutes interview by Mike Wallace with Clemens that’s scheduled to air Jan. 6.

    The lawyer said that if Clemens uses the interview to accuse McNamee of lying, the baseball player could expect a defamation lawsuit.

    Hardin responded by saying, “My advice to Brian and his lawyers would be to stay tuned because (Clemens) told Mike Wallace the truth.”

    Related stories on Muckety:
    George Mitchell: connected or conflicted?
    Barry Bonds hires powerful defense team
    Steroid report centers on two suppliers

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  • Connecting the Dots in 2007

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  • Stephen Ross, dealmaker

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    New York real estate magnate Stephen M. Ross has been cutting deals at a whirlwind pace in recent weeks.

    Centerline Holding Company, which he chairs, today announced that Freddie Mac would securitize its $2.8 billion bond portfolio. Centerline said it would also receive a $131 million investment in January from the Related Cos.

    Centerline execs said the moves were designed to reduce debt, attract capital for growth and shelter the firm from volatile interest rates.

    Yet several stockholders participating in the company’s online conference call this morning described the arrangement as a sweetheart deal benefitting Ross and his companies at the expense of public shareholders.

    Ross also chairs Related Cos. Jeff T. Blau, Related’s president, is a managing trustee of Centerline. A third Centerline trustee, Robert J. Dolan, is dean of the Stephen M. Ross School of Business, named for its prime benefactor.

    Related had a large cash infusion earlier this month, when several firms invested a total $1.4 billion. Mubadala Development Co. of Abu Dhabi and the Olayan Group of Saudi Arabia put in about $1 billion. Goldman Sachs and Michael Dell’s investment company, MSD Capital, invested an additional $400 million for a 7.5% stake, placing Related’s value at more than $5 billion.

    Ross told the Wall Street Journal that Related opened talks for the cash infusion before the mortgage crisis erupted. The market “was so good we knew it wouldn’t last,” he said.

    Ross formed Related 25 years ago to develop and manage government-assisted rental apartments. Over the last two decades, the company has become heavily involved in luxury residential and commercial projects, including Manhattan’s Time Warner Center.

    Related is also developing properties around Penn Station, and is bidding on a massive project to redevelop the Hudson Yards on the city’s west side.

    On another front, the Miami Herald reported two weeks ago that Ross and Jorge Perez were talking to Wayne Huizenga about buying the Miami Dolphins. Perez is the managing general partner of Related’s Florida operations.

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  • Benazir Bhutto’s American support network

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    No other foreign politician appreciated the importance of connections more than the late Benazir Bhutto.

    The Pakistani opposition leader, assassinated Thursday in Rawalpindi, made regular trips to the U.S., paid the D.C. lobbying firm Burson-Marsteller hundreds of thousands of dollars, and cultivated a long list of friends among American journalists and politicians.

    A graduate of Radcliffe and Oxford, she maintained decades-long friendships with classmates. Commentator Arianna Huffington, who had known Bhutto since their student days, described her as “fearlessness epitomized.”

    Among Bhutto’s many American friends and advisers were Washington Post columnists E.J. Dionne and Michael Kinsley. Mark Siegel, former executive director of the Democratic National Committee, has co-written a book with her, set for publication in 2008.

    The U.S. played a major role in her return to Pakistan last October, after being forced from power in 1996. But in the end, support in America was not enough to protect her in her home country.

    “I always thought this was roughly how it would end for her, but I didn’t think it would happen today,” friend Peter W. Galbraith, a former U.S. ambassador and son of economist John Kenneth Galbraith, told The New York Times.

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  • Losing money but getting a bonus at D.R. Horton

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    If you have been following D.R. Horton and the troubled home building industry, you might be wondering how a company that reported a net loss of more than $700 million in its most recent fiscal year can pay its top two executives nearly $1.6 million apiece in performance bonuses for that year.

    The answer: Fort Worth-based Horton calculates and pays its bonuses quarterly, not annually. So, if the company makes money in a quarter, the executives earn bonuses, no matter what happens in the other reporting periods.

    The bonus formula is even more finely focused in the October-December period, according to the company’s annual proxy statement released last week. Then, executive bonuses are based solely on December. In effect, October and November don’t count.

    Horton, one of the largest builders in the country, reported losses of more than $870 million in the last half of its 2007 fiscal year, ended Sept. 30, erasing profit from the first half.

    Since 2001, chairman Donald Horton and CEO Donald Tomnitz each have received more than $45 million in bonuses. That includes a total of nearly $25 million apiece during the boom years of 2005 and 2006.

    In fiscal 2007, bonuses were based on consolidated pre-tax income. At its annual meeting Jan. 31, the company is asking shareholders to approve compensation plan modifications that, in part, also factor in cost containment and operating cash flow.

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  • Buffett buys one of the Pritzkers’ prizes

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    Warren Buffett has followed the dealings of the Pritzker family for half a century, but he had never had a direct business connection to them. . .until now.

    In a deal announced Christmas day, Buffett’s Berkshire Hathaway is paying $4.5 billion for 60 percent of Pritzker-owned Marmon Holdings, a conglomerate with about $7 billion in annual revenue. Berkshire will acquire most of the remainder of Marmon over the next few years.

    The transaction between the Oracle of Omaha and Chicago’s wealthiest family took less than two weeks to execute, according to The Wall Street Journal.

    “I liked them,” Buffett told the Journal. “They were my kind of guys. I knew I’d be very comfortable.”

    In an interview with the Chicago Tribune, Tom Pritzker, chairman of Marmon, said the deal will “give more freedom to those family members who want more freedom.”

    Counting Marmon, the family has raised more than $10 billion from asset sales the past six years, according to the Journal, as it progresses toward a goal of dividing holdings among 11 adult cousins by 2011.

    Jay and Robert Pritzker, grandsons of founder Nicholas Pritzker, ran the family’s businesses for decades. Jay died in 1999. Tom is Jay’s son.

    The family still holds large stakes in the Hyatt hotel chain, Royal Caribbean Cruises and TransUnion, a credit bureau.

    One other Buffett-Pritzker connection: Tom Pritzker told the Tribune that his mother, Cindy, once served on the board of trustees of Grinnell College in Iowa with Buffett, who became a trustee in 1968 and remains on the board.

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  • Holiday greetings from Muckety!

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    By Emily Morgan & A. James Memmott

    ‘Tis the season for re-runs: all holiday themed
    who can go a whole year without the Grinch being mean?
    Whether Jim Carrey or Boris Karloff is your Grinch of choice,
    after eggnog and presents, we’ll watch Whoville rejoice.

    Lionel Barrymore’s mean; a banker from hell,
    But an angel gets wings, when you hear a bell.
    Donna Reed, bless her heart, stands by her man,
    Tiny Bedford Falls remains life’s chosen land.

    To the south, in Manhattan, where life can be sweet,
    there’s a wonderful Miracle on 34th Street.
    Edmund Gwenn shows us that Santa is real,
    and Natalie Wood gets in on the deal.

    Bing Crosby, like Stewart, carved out a win
    when he sang White Christmas in Holiday Inn.
    He merits a present, as does Fred Astaire.
    In a movie together they make quite a pair.

    And let’s hear it for Home Alone, one, two and three,
    That Macaulay Culkin deserves a Christmas tree.
    Say thanks to Catherine O’Hara, also John Candy,
    going back to her kid, she finds his van handy.

    Tim Allen’s just right in Christmas with the Kranks.
    In skipping the holiday, he gets no thanks.
    But The Santa Clause makes Allen take a new role,
    And he starts his residency in the North Pole.

    Please sing a rousing Christmas carol
    in honor of the goofy Will Ferrell.
    He’s tall for an elf, but has a big heart,
    And how can he lose with a dad like Newhart?

    And let’s not forget Ed Asner, a familiar Claus.
    In a magical sleigh, he defies gravity’s laws.
    A Santa for the ages, he never gets old.
    Beneath a crusty exterior beats a heart of gold.

    A leg lamp for Dad is part of one Christmas Story,
    A tribute to BB guns in all their glory.
    “You’ll shoot your eye out,” we’ll happily call,
    as Peter Billingsley sits with Santa at his local mall.

    But if the traditional holidays aren’t what you love most,
    Turn your TV to Seinfeld, and Festivus we’ll toast.
    Complications ensue, and the plot thickens.
    It’s a holiday tale right out of Dickens.

    And speaking of Dickens, Charles, we mean,
    Bill Murray’s Scrooge lights up the screen.
    A nasty TV exec — how could that be?
    He finally appreciates what others see.

    Happy endings, of course, are part of the plot.
    Bad guys become good guys, like it or not.
    So we’ll echo the films and wish you good cheer.
    Have a happy holiday and a Muckety New Year!

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