Ten Charged With Criminal Racketeering Charges – US Attorney

PLANT CITY, FL – LAWFUEL – Law Newswire – The Plant City Police Department, the Florida Department of Law Enforcement (FDLE) and Attorney General Bill McCollum today announced that a total of ten gang members have been charged with criminal racketeering, three of whom were arrested this week during a coordinated sweep by local and state law enforcement. The defendants could each spend up to 60 years in prison if convicted of the charges. The sweep is one of the year’s largest coordinated efforts to target gangs as organized criminal enterprises and the second announced in the state today.

The individuals arrested this week are Christopher M. Davis, 18; Craig Kashawn Carter, 16; and Kenneth M. McDonald, 17. The joint local and state law enforcement investigation identified the alleged gang members as being responsible for a series of crimes in Plant City which spanned several years. These crimes include robberies, drug trafficking and battery. Three of the gang members were arrested this week pursuant to a joint investigation conducted by the Plant City Police Department and the FDLE, with the assistance of the Attorney General’s Office of Statewide Prosecution and the Office of the State Attorney, 13th Judicial Circuit.

“There is no place for gangs in Florida’s communities, and the violence they bring simply will not be tolerated. FDLE will continue to work aggressively with our law enforcement partners to identify, disrupt and dismantle these groups,” said FDLE Commissioner Gerald Bailey.

Six additional gang members were already incarcerated, but will now face additional charges. They include the following: Ellis Edward Bell, Jr., 20; Vintawn Lee Brooks, 17; Preston Leon George, 19; Rodney Ricardo Young, 17; and Ervin Curtis Murray, Jr. 17. One individual is still at large. Each will be charged with racketeering and conspiracy to commit racketeering, both first-degree felonies. Attorney General Bill McCollum’s Office of Statewide Prosecution will prosecute the cases using racketeering charges in order to more effectively attack the gang as an organized criminal operation. Racketeering charges also allow for stronger penalties.

“It is imperative for our state to make fighting the growth of gangs and the spread of gang violence one of our highest priorities, and today’s arrests are a significant step towards making Florida safer,” said Attorney General Bill McCollum.

To address the gang issue on a statewide level, the Attorney General’s Office launched a Statewide Grand Jury in August to investigate criminal gang activity including crimes involving narcotics or other dangerous drugs, robbery and gambling, as well as violations of the Florida Racketeer Influenced and Corruption Organization (RICO) Act. The jurors are also studying various criminal issues and plan to make recommendations on needed laws to deter gang activities and punish those involved in these pursuits. An interim report, which will include legislative recommendations for combating the spread of gangs and gang violence, is expected to be released in early January. The statewide grand jury announced its first indictments today in West Palm Beach and 10 additional members of another dangerous statewide gang were taken into custody to also be charged with criminal racketeering,

In addition to impaneling the Grand Jury, the Attorney General’s Office has also convened an Executive Group to examine the growing threat criminal gangs pose and develop a coordinated anti-gang strategy. The statewide gang reduction strategy will take a two-pronged approach: a law enforcement effort and an educational effort focused on prevention and intervention. The strategy will address issues concerning gang membership identification, gang recruitment, risk factors for youth, prevention, crime suppression and post conviction or adjudication diversion. The long-range plan will include gang suppression and deterrence techniques; prosecution and criminal justice system enhancements; prevention and intervention; data and intelligence sharing; education and training; and rehabilitation and reentry efforts for former gang members. More information can be found online at http://www.safeflorida.net/safestreets.

Members of the Executive Group include:

· Commissioner Gerald Bailey, Florida Department of Law Enforcement
· Commissioner Eric Smith, Department of Education
· Secretary Robert Butterworth, Department of Children and Families
· Secretary James McDonough, Department of Corrections
· Secretary Walter McNeil, Department of Juvenile Justice
· Colonel Bill Janes, Director, Office of Drug Control
· Colonel John Czernis, Director, Florida Highway Patrol
· Sheriff Joey Dobson, President, Florida Sheriffs Association
· Sheriff Larry Campbell, Leon County
· Chief H.C. “Skip” Clark II, President, Florida Police Chiefs
Association
· State Attorney Willie Meggs, 2nd Judicial Circuit


Glancy Binkow & Goldberg LLP — Representing Shareholders of CROCS Inc. — Announces Update to Shareholder Lawsuit — CROX

LOS ANGELES, Dec. 14, 2007 LAWFUEL – Law Firm Newswire — Glancy Binkow & Goldberg LLP — representing shareholders of CROCS Inc. — announces 24 days remaining to move to be a lead plaintiff in the shareholder lawsuit.

All persons and institutions who purchased or otherwise acquired the securities of CROCS Inc. (“CROCS” or the “Company”) (Nasdaq:CROX) between July 27, 2007 and October 31, 2007, inclusive (the “Class Period”), may move the Court not later than January 7, 2008, to serve as lead plaintiff; however, you must meet certain legal requirements.

If you wish to receive a copy of the Complaint, or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, or e-mail to info@glancylaw.com, or visit our website at www.glancylaw.com.

The Complaint charges CROCS and certain of the Company’s executive officers with violations of federal securities laws. Among other things, Plaintiff claims that Defendants’ material omissions and dissemination of materially false and misleading statements concerning the Company’s business, operations and prospects caused CROCS’ stock price to become artificially inflated, inflicting damages on investors.
CROCS and its subsidiaries design, develop and manufacture consumer products from specialty resins worldwide. The Company offers footwear for men, women and children under the “CROCS” brand. The Complaint alleges that throughout the Class Period defendants failed to disclose
that: (1) the Company was experiencing significant distribution problems in Europe as it had moved distribution facilities and was experiencing distribution problems in Japan with a third-party distributor, causing the Company to lose tens of millions of dollars in sales; (ii) the Company’s sales were being negatively impacted by seasonal conditions as consumers reduced purchases of the Company’s products in cold weather climates; (iii) the Company’s inventory levels were building far beyond historic levels as sales began to slow and the Company’s sales began to be impacted by seasonality; and (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company, its earnings and prospects.

On October 31, 2007, CROCS issued a press release announcing its financial results for third quarter 2007, the period ended September 30, 2007. Following the earnings announcements, CROCS held a conference call for analysts and investors. During the call, Defendants discussed problems at its European and Japanese distribution centers and its growing inventory, among other things. In response to these announcements, the price of CROCS stock declined from $74.75 per share to $47.74 per share on extremely heavy trading volume. In the period leading up to this shocking announcement, CROCS insiders took advantage of the artificially inflated prices to sell 963,162 shares for proceeds of $58,666,141.

Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting shareholder lawsuits, and substantial expertise in actions involving corporate fraud.

If you are a member of the Class described above, you may move the Court, not later than January 7, 2008, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at
(310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca

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CONTACT: Glancy Binkow & Goldberg LLP
Lionel Z. Glancy
Michael Goldberg
(310) 201-9150
(888) 773-9224
info@glancylaw.com
www.glancylaw.com

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