HONOLULU (AP) — An "evil" stepmother derived pleasure from severely beating her husband's 5-year-old daughter while they lived in Army housing in Hawaii, a federal judge said Tuesday as he upheld a plea deal the woman made with prosecutors to receive a 20-year sentence for the murder of the child.
By Robin Respaut SACRAMENTO Calif. (Reuters) - The judge in Stockton, California's bankruptcy on Tuesday ruled that the city has collateral worth $4 million with which it could pay holdout creditor Franklin Templeton, dismissing the city's contention its collateral was worthless. At the same time, U.S. Bankruptcy Judge Christopher Klein made no ruling on Tuesday on whether the California Public Employees' Retirement System, or Calpers, should be made to accept less than the entire amount it is owed while bondholders take losses in the case. Klein's ruling on the collateral in the case of Stockton, which filed for bankruptcy in June 2012, followed a trial that concluded last month and centered around Franklin's objection to the city proposing to repay it less than a penny on the dollar for a debt of about $36 million. The city's collateral against bonds held by Franklin includes two golf courses, a community center and a park, which the city had estimated had no value while Franklin had pegged their value at $6.12 million to $17.34 million.
By Eric Kelsey LOS ANGELES (Reuters) - Los Angeles Clippers co-owner Donald Sterling on Tuesday sparred with his estranged wife's attorney at a trial over the $2 billion sale of the NBA franchise, interrupting and shouting during testimony and saying he wants to keep the team for financial reasons. The 80-year-old real estate billionaire, who has been deemed by physicians to have Alzheimer's disease and is unable to handle business affairs, said he was blocking the sale brokered by his wife to former Microsoft Corp Chief Executive Officer Steve Ballmer because he believed the team's value could be more than double. It is the first time Sterling has spoken publicly since a televised interview in May shortly after he was banned from the NBA for life for taped racist remarks that were made public. "It showed you the enormous hypocrisy of this guy, who will spout all these things about how he loves his wife, but he's suing her." Shelly Sterling, 79, has asked Los Angeles Superior Court Judge Michael Levanas to confirm her as the sole trustee of the family trust that owns the Clippers and to back the NBA-record deal.