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Legal news from Tuesday, October 26, 2004 |
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Environmental brief ~ Bush signs CALFED into law to restore CA waters
Tom Henry on October 26, 2004 9:10 PM ET

[JURIST] In Tuesday's environmental law news, President Bush has signed the Water Supply Reliability and Environmental Improvement Act, known as CALFED, into law. The act provides up up to $389 million for environmental restoration and enhancement of the San Francisco Bay/Sacramento-San Joaquin Delta estuary. CALFED operates as a collaboration between a number of CA and Federal agencies. The DOI press release is here. In other news, the USDA has announced that it will accept 1.188 million acres of land into the Conservation Reserve Program (CRP), a program to protect and preserve natural areas. The program compensates farmers that establish long-term conservation practices on highly erodible and environmentally sensitive cropland. There are now 35.6 million acres in the CRP, authorized by the 2002 Farm Bill[PDF]. The USDA press release is here.... The EPA has removed the Mid-America Tanning Company[PDF] Superfund site from the National Priorities list. The site, located in Sergeant Bluff Iowa, had been the location of major chromium leakage. Cleanup began in 1990 and is now complete. The Superfund program operates in accordance with the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). The EPA press release is here.


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Corporations and securities brief ~ Marsh reforms insurance practices following Spitzer complaint
Amit Patel on October 26, 2004 1:51 PM ET

[JURIST] In Tuesday's corporations and securities law news, Marsh & McLennan Cos., the large insurance broker currently under investigation by New York Attorney General Eliot Spitzer, has announced that the company will reform its business practices and stop accepting fees that Spitzer complained amounted to bid-rigging. The new plan comes one day after chairman and chief executive Jeffrey Greenberg resigned. Read the Marsh press release announcing the reform here [PDF]. Listen to Marsh's investor conference call here. Read Spitzer's complaint against the company here [PDF]. Reuters has more.
In other news, telecommunications giant AT&T Corp. has announced an agreement in a shareholder class action suit currently underway in New Jersey. Under the settlement which is still subject to court approval, the company will pay $100 million in damages. Read the AT&T press release here. AP has more.... As previously reported on JURIST's Paper Chase, the Federal Communications Commission Tuesday approved the proposed merger of Cingular and AT&T Wireless, only a day after the acquisition was approved by the Department of Justice (see this Paper Chase report). Cingular has a press release on the merger here. An FCC press release [PDF] is also available. Documents related to the FCC adjudication, including statements from each commissioner, are available here (scroll down). Read the complete FCC order here [PDF]. AP has more.... The SEC voted 5-0 to allow for public comment related to a proposal which loosens restrictions on comments made by executives prior to their company's IPO. Read the agenda for the SEC meeting here. AP has more.... A federal judge has ordered Drake Tempest, a former general counsel and vice president for legal affairs at Qwest Communications, to testify before the SEC about possible violations of federal securities laws at the company. AP has more.... Health insurer Anthem Inc. received a subpoena from Connecticut Attorney General Richard Blumenthal, who is seeking information about commissions and bonuses at the company. AP has more.... As previously reported on JURIST's Paper Chase, the European Commission Tuesday announced that Oracle can go ahead with its hostile takeover bid for PeopleSoft today. Read more about the hostile bid here. JURIST's Paper Chase has background on the European Commission's consideration of the takeover. AP has more. click for previous corporations and securities law news


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International brief ~ Hambali brother sentenced to four years for Jakarta bombing
D. Wes Rist on October 26, 2004 12:35 PM ET

[JURIST] Indonesian Judge Adullah Sidiq sentenced Rusman Gunawan to four years imprisonment Tuesday for helping fund a bombing committed in Jakarta last year. Gunawan is the brother of alleged South East Asian militant leader Riduan Isamuddin, also known as Hambali (profile here), alleged head of the Jemaah Islamiah (profile here), who is currently being held by the US in an undisclosed location. Gunawan has yet to announce if he will appeal the decision, but did announce his innocence to the court at sentencing. BBC News has more.... Russian President Vladimir Putin signed the Amendments to the Code of the Russian Federation on Administrative Offences into federal law Tuesday. The law creates tighter standards for dealing with administrative lapses in handling migration issues such as foreign workers and expired visas, and creates a shorter time frame for judicial investigation of these offenses. The law also adjusts the penalties for persons committing these offenses including raising fine amounts and specifiying offenses that could result in expulsion from Russian territory. Itar-Tass has more.... Recently elected Indonesian President Susilo Bambang Yudhoyono (BBC News profile here) urged Indonesian Attorney General Abdul Rahman Saleh on Tuesday to move quickly on prosecuting cases currently pending, especially those cases involving graft and corruption. Susilo has made corruption one of the major targets of his administration, citing it as the prime reason that foreign investment is so low. Susilo told Saleh, a former Supreme Court Justice with a reputation for honesty, that he expected progress reports on all cases, especially ones like the current investigation into $185 million (USD) embezzlement charges against the state-run Bank Negara Indonesia. Susilo recently told his ministers that he expected them to use 'shock tactics' when dealing with corruption and warned the Attorney General's office, itself known for rampant bribery, that he would be 'watching closely.' The watchdog NGO Transperancy International recently ranked Indonesia (official site in Bahasa Indonesian) as one of the most corrupt nations of the world (rankings here). The Jakarta Post has more.... A Kenyan government committee headed by Vice President Moody Awori announced Tuesday that Supreme Court Chief Justice Evans Gicheru will consider the cases of almost 20,000 inmates being nominated for a community service program as opposed to imprisonment. The suggestions come in an attempt to ease the nation's incarceration crisis, as Kenyan prisons, built to hold 15,000 inmates, currently house over 50,000. The offenders were all sentenced to less than three years for minor or petty offenses and the committee is recommending that they be used for public works projects, saying that this will serve to ease inmate crowding as well as accomplish much needed public upkeep. JURIST's Paper Chase has background on Kenya's inmate crisis. Kenya's Daily Nation (registered site) has more.


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Legal agenda and live webcasts ~ Tuesday, October 26
Jeannie Shawl on October 26, 2004 7:21 AM ET

[JURIST] Here's a run-down of law-related events, expected developments and live webcasts on JURIST's docket for Tuesday, October 26.
DC sniper Lee Boyd Malvo is expected to plead guilty today to capital murder and attempted capital murder in Virginia's Spotsylvania County. Malvo will be sentenced to life in prison without parole. The Washington Post has more.
The Securities and Exchange Commission will hold a 10 AM ET open meeting to discuss securities offering reform and registration under the Advisers Act of certain hedge fund advisers. Read the meeting agenda and watch a live webcast.... The American Enterprise Institute will hold an 8:30 AM ET presentation on voter fraud.... The Cato Institute will host a 12 PM ET policy forum on low voter turnout. Panelists include Ilya Somin from George Mason University School of Law. Watch a live webcast.... The Cato Institute will also host a 12 PM ET briefing on whether a national ID system would make us safer or just less free.
The trial of Naser Oric continues today at the International Criminal Tribunal for the former Yugoslavia at The Hague. Watch a webcast beginning at 9:30 AM local time (3:30 AM ET); the webcast is on a 30-minute tape delay. The ICTY has background on the case.... Also today at the ICTY, the trial of Momcilo Krajisnik continues. Listen to audio beginning at 2:45 PM local time (8:45 AM ET); for witness protection, there is a 30-minute tape delay. The ICTY has case information.
At the United Nations, the Security Council will meet at 10 AM ET to discuss upcoming meetings in Nairobi. Watch a live webcast.... Following the meeting, the Security Council will then hold closed consultations to discuss Western Sahara and Somalia.
In Israel, the Knesset continues its second day of debate on Prime Minister Ariel Sharon's disengagement plan from the Gaza Strip and northern West Bank. A vote on a proposed compensation bill is scheduled for late Tuesday. Watch a live webcast of today's Knesset session, beginning at 10 AM ET (4 PM in Israel). BBC News has more.


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