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Legal news from Tuesday, November 9, 2004 |
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Environmental brief ~ San Francisco plans to scrap two power plants
Tom Henry on November 9, 2004 8:40 PM ET

[JURIST] In Tuesday's environmental law news, San Francisco CA officials announced a plan that would close the Hunters Point power plant (owned by Pacific Gas and Electric) by 2006 and the Potrero power plant (owned by Mirant Co.) by 2007. The plan, developed by the city and the California Independent System Operator (CAISO), would scuttle the plants and partially compensate for them by building a new gas-fired turbine plant. The plan goes to a vote before CAISO officials Wednesday. San Francisco's KTVU has more. In other news, Japan is negotiating with Romania to trade emission reduction units in advance of the upcoming entry into force of the Kyoto Protocol. The protocol, an instrument of the UN Framework Convention on Climate Change, allows a country to achieve emission reduction units which count towards the country's greenhouse gas emissions reduction requirement. Countries can trade the units, and Japan hopes to aid Romania with energy-saving projects in exchange for Romanian emission reduction units. The protocol enters into force in February. The Japan Times has the story.... The EPA condemned a report[PDF] released Monday by the Commission for Environmental Cooperation, an organization set up by the US, Canada and Mexico under the North American Agreement on Environmental Cooperation which complements the environmental provisions of NAFTA. The report recommends a number of controversial measures to prevent US corn from threatening native Mexican crops, including the milling of all US corn at the border, additional labeling requirements, and extension of the ban on planting modified corn in Mexico. The EPA says the report is fundamentally flawed and unscientific. The Chicago Tribune has more.


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BREAKING NEWS ~ Ashcroft resigns as Attorney General
Bernard Hibbitts on November 9, 2004 5:53 PM ET

[JURIST] AP is reporting that Attorney General John Ashcroft has resigned from the Bush cabinet, along with Commerce Secretary Don Evans. Ashcroft's resignation had been expected by some observers, albeit perhaps not until January. Possible successors include Senator Orrin Hatch, currently chairman of the Senate Juidiciary Committee, and Bill Pryor, the former Alabama Attorney General controversially elevated to the federal appeals bench in a recent Bush "recess appointment".
6:03 PM ET - The resignations were announced by White House Press Secretary Scott McClellan, who indicated that the President had already accepted them. Attorney General Ashcroft's resignation was made in a five-page handwritten letter, in which he wrote that "The objective of securing the safety of Americans from crime and terror has been achieved." AP now has more.
7:50 PM ET - President Bush has thanked both Ashcroft and Evans for their service in releases posted on the White House website. Read the release on Ashcroft and the release on Evans. Read more on Ashcroft's record from FindLaw, as well as a BBC profile. USA Today has a timeline of Ashcroft's tenure as attorney general. Law.com has more on the speculation about who will replace Ashcroft.
9:00 PM ET - MSNBC has posted photocopies and text of Ashcroft's resignation letter. In the letter, dated November 2 (last Tuesday, election day), he wrote in part: The demands of justice are both rewarding and depleting. I take great personal satisfaction in the record which has been developed. The objective of securing the safety of Americans from crime and terror has been achieved. The rule of law has been strengthened and upheld in the courts. Yet, I believe that the Department of Justice would be well served by new leadership and fresh inspiration. I believe that my energies and talents should be directed toward other challenging horizons. Therefore, I humbly state my desire to resign from the office of United States Attorney General. Read the full text here.


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Corporations & securities brief ~ SEC considers charges against ex-Lucent executives
Amit Patel on November 9, 2004 1:20 PM ET

[JURIST] In Tuesday's corporations and securities law news, the SEC is considering bringing civil charges against two former executives of Lucent Technologies Inc. and a third unidentified person over violations of the Foreign Corrupt Practices Act by allegedly participating in a bribery scheme involving Saudi Arabian officials. AP has more.
In other news, Bank of New York announced the SEC is investigating market-timing trades made by its stock clearing business unit Pershing LLC and the bank's relationship with BNY Hamilton Funds Inc., its mutual fund business. Read the Bank of New York's SEC filing announcing the investigation here. Reuters has more.... As previously reported on JURIST's Paper Chase, the SEC in an open meeting today voted unanimously to seek public comment on whether self-regulatory organizations (SRO's) that govern stock markets should be forced to publicly disclose financial details and the composition of their boards. Additionally, the proposed rule would separate regulatory functions from other business interests. Read the agenda for the open meeting here. Listen to the open meeting in RealPlayer or WindowsMedia here. AP has more.... As previously reported on JURIST's Paper Chase, Merck announced the US Justice Department and the SEC is investigating what the company knew in advance of its recent withdrawal of Vioxx, its popular painkiller. The investigation relates to potential crimes committed by executives in disclosing problems in the drug to investors. Read Merck's SEC filing announcing the investigation here. Forbes has more.... Marsh & McLennan Companies Inc. announced that it will lay off 3,000 employees amid fallout from New York Attorney General Eliot Spitzer's bid-rigging probe. Read the Marsh press release announcing the move here. Read Spitzer's complaint against Marsh here [PDF]. AP has more.... As previously reported on JURIST's Paper Chase, the FCC announced state rules will not govern Internet-based calling to encourage providers such as AT&T Corp. and Vonage Holdings Corp. to expand service. Read the FCC press release here [PDF]. Read the statement by FCC Chairman Powell here [PDF]. Bloomberg has more.... The European Union has begun steps toward asking the WTO to condemn US steel tariffs by requesting talks with Washington over antidumping duties that have hit a British steel firm. AP has more. click for previous corporations and securities law news


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Legal agenda and live webcasts ~ Tuesday, Nov. 9
Chris Buell on November 9, 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 Tuesday, Nov. 9.
The US Supreme Court will hear 10 AM ET oral arguments in the consolidated case of Cherokee Nation of Oklahoma v. Thompson and Thompson v. Cherokee Nation of Oklahoma (case summary from Duke Law School). In that case, the Court will consider the Secretary of Health and Human Services responsibility to provide funding to Indian tribes under the Indian Self-Determination and Education Assistance Act. The ABA has merit briefs for the case. The Court will also hear arguments in Pasquantino v. United States (case summary from Duke Law School), in which it will consider whether taxes owed to a foreign nation are considered "property" under the federal wire fraud statute. The ABA has merit briefs for the case. The Court is also scheduled to issue its first opinions of the October 2004 term.
The Federal Communications Commission will hold an open commission meeting at 9:30 AM ET. A live webcast of the meeting is available, as well as a meeting agenda [PDF].
The Securities and Exchange Commission will hold an open commission meeting at 10 AM ET. Watch a live webcast of the meeting, and read the agenda.
The US House and Senate are in recess until Tuesday, Nov. 16.
A US-Mexico Binational Commission meeting will be held today in Mexico City with US Secretary of State Colin Powell and Mexican Foreign Secretary Luis Ernesto Derbez.
The UN Security Council will discuss the situation in Afghanistan at its meeting today. A live webcast will begin at 10 AM ET via UN Channel 1.
At the International Criminal Tribunal for the former Yugoslavia, the Slobodan Milosevic trial resumes today after being adjourned Oct. 22. A live webcast will begin at 3:30 AM ET (9:30 AM local time). Also today, the Momcilo Krajisnik trial continues, with a live webcast at 11:45 AM ET, the Enver Hadzihasanovic and Amir Kubura trial continues, and a status conference in the Miroslav Kvocka trial is set for 4:30 AM ET.


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