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Legal news from Monday, November 1, 2004 |
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Corporations & securities brief ~ Oracle raises offer for PeopleSoft
Amit Patel on November 1, 2004 5:07 PM ET

[JURIST] In Monday's corporations and securities law news, Oracle Corp. announced it was boosting its hostile bid for PeopleSoft to $9.2 billion. Oracle raised its offer after the EU approved its bid believing PeopleSoft will remove the remaining barriers to a deal. Read the Oracle press release here. Read a transcipt of Oracle's conference call here [PDF]. Read the letter sent by Oracle to PeopleSoft calling this their final and best offer here [PDF]. AFP has more.
In other news, Nathan Chapman Jr., a former pension fund manager in Maryland, was sentenced to 7 and a half years in prison on charges he defrauded the state retirement system and looted his own investment company. Chapman was also ordered to pay $5 million restitution. The Baltimore Business Journal has more.... GE Commercial Finance will lend Delta Air Lines Inc. $500 million of financing in a move to help the troubled airline avoid bankruptcy. AP has more.... As previously reported on JURIST's Paper Chase, in more troubling news for oil giant Yukos, Russian tax authorities hit the company and its main production unit with two new tax claims for nearly $10 billion. The company now owes a total of $17.6 billion to the government. Paper Chase has background on Russia's case against Yukos. The Russia Journal has continuing coverage of Yukos' court battles. AP has more.... US regulators are investigating ABN Amro, the Netherlands' largest bank, for possible money laundering violations. AP has more.... As previously reported on JURIST's Paper Chase, Florida's Supreme Court will hear arguments Wednesday in its review of a lower court ruling throwing out a $145 billion jury verdict against the tobacco industry. The Florida Supreme Court has briefs and other case documents. AP has more.... Argentina has submitted its debt restructuring offer to the SEC which allows the country to reschedule payments on about $100 billion of debt. Bloomberg has more. click for previous corporations and securities law news


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Federal judge rules partisan voter challenges in Ohio unconstitutional
Jeannie Shawl on November 1, 2004 9:37 AM ET

[JURIST] US District Judge Susan Dlott ruled Monday morning that partisan voter challengers at Ohio's polling places are unconstitutional. Dlott's ruling comes in a lawsuit seeking to remove challengers from polling places on the grounds that Republicans have discriminated against African-Americans by challenging new voter registrations in predominately black precincts. The ruling is in line with last week's recommendation by Ohio Secretary of State Ken Blackwell that challengers, who can question a person's identity, age, residency or citizenship before they receive a ballot, be banned from polling places. Dlott issued an injunction barring challengers at polls in Ohio's Hamilton County, "because of the grave due process and equal protection issues raised by the challenge process as it is to be employed in the November 2, 2004 election." In her ruling, Dlott writes: This Court finds that the presence of vast numbers of challengers inexperienced in the electoral process, under these conditions, imposes a severe burden on the right to vote of individual voters and of Ohio voters at large.... In this case, the portion of § 3505.20 allowing private challengers to challenge the eligibility of a person offering to vote at a precinct is not narrowly tailored to serve Ohio's compelling interest in preventing voter fraud. Under the statute, bipartisan election judges and any elector then lawfully in the polling place may challenge the eligibility of any person offering to vote at that precinct. Election judges are seasoned, experienced workers in the electoral process. Defendant Burke testified that he and his co-chair of the Hamilton County Board of Elections were quite concerned when they saw that so many challengers had registered to be present on election day and were likewise concerned with the impact of several hundred lawyers attempting to take over the challenge process from the poll workers who are experienced in conducting that process.... Further, Defendant Blackwell's recommendation that the challengers be removed from the polls strongly undermines any argument that having these challengers at the polls is narrowly tailored to serve a compelling state interest. Defendant Blackwell's recommendation highlights the fact that the chief elections official of Ohio believes that fair elections can occur without the challenge process. The conflict between Secretary of State Blackwell and Attorney General Petro indicates that even the two top officials responsible for enforcement of election laws disagree over the manner in which to proceed. How can the average election official or inexperienced challenger be expected to understand the challenge process if the two top election officials cannot? Read the full text of Dlott's ruling [PDF]. Ohio State University's Moritz College of Law has case materials and analysis of Monday's ruling. NewsNet5 has more. From Cincinnati, the Enquirer has background on Sunday's hearing in the case.


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Legal agenda and live webcasts ~ Monday, Nov. 1
Chris Buell on November 1, 2004 7:00 AM ET

[JURIST] Here's a run-down of law-related events, expected developments and live webcasts on JURIST's docket for Monday, Nov. 1.
The US Supreme Court resumes hearing arguments today, with oral arguments in the consolidated cases of CIR v. Banks and CIR v. Banaitis (case summary from Duke Law School) scheduled for 10 AM ET. In the case, the Court will decide whether contingency fees paid to attorneys from litigation or settlement awards are taxable income. The ABA has merit briefs filed in the case. The Court will also hear arguments in Stewart v. Dutra Construction Co. (case summary from Duke Law School) this morning, in which it will consider what qualifies as a "vessel" under the Merchant Marine Act of 1920 for purposes of a marine engineer's personal injury suit against his employer. The ABA has merit briefs for the case.
Federal judges in Ohio and New Jersey are expected to rule on whether voters' qualifications may be challenged on election day. Three Ohio judges will address parts of the issue in the state. District Judge Dickinson Debevoise in New Jersey is set to rule on the legality of such challenges nationwide. Election Law at Moritz Law School has coverage of the Ohio suits. JURIST's Paper Chase has background. The Cleveland Plain Dealer has more on one of the challenges.
Hearings begin today before a military commission at Guantanamo Bay on motions by two detainees, David Hicks and Salim Hamdan. More on the military commissions is available here. The Miami Herald has more.
The US House and Senate are in recess until Tuesday, Nov. 16.
International Atomic Energy Agency Chief Mohammed El Baradei will present an annual report on nuclear programs to the UN this morning. A live webcast begins at 9:30 AM ET (via C-SPAN 3).
Today at the International Criminal Tribunal for the former Yugoslavia, the appeals chamber is expected to rule on whether former Yugoslav President Slobodan Milosevic can resume representing himself in his war-crimes trial. JURIST's Paper Chase has background on the Milosevic trial. AP has more. The trials of Naser Oric, Momcilo Krajisnik, and Enver Hadzihasanovic and Amir Kubura continue. Watch a webcast of the Oric trial beginning at 3:30 AM ET (9:30 AM local time). The webcast is on a 30-minute delay for witness protection purposes. ICTY has background on the Oric trial, Krajisnik trial and the Hadzihasanoviv and Kubura trial.


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