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Legal news from Monday, November 29, 2004 |
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Corporations & securities brief ~ Record labels sue Kazaa for copyright infringements
Amit Patel on November 29, 2004 1:06 PM ET

[JURIST] In Monday's corporations and securities news, several leading record labels, including EMI, Warner, Sony BMG and Universal, are suing Sharman Networks, the firm behind leading file-swapping software Kazaa in an Australian court. Sharman says it has no control over what users do with swapped files. BBC News has more.
In other news, the SEC is under intense pressure to reopen public debate over reforms of stock-trading rules after SEC officials privately revised the proposals. The reforms, known as Regulation NMS, which will have profound implications on the US stock markets were due to be voted by the SEC on December 15. Bear Stearns, the Wall Street securities firm, is calling on the SEC either to drop the change or reopen the comment period. The SEC has more information including public testimony on Regulation NMS here. Read the proposed rule here [PDF]. The Financial Times has more.... President Bush has tapped Kellogg's CEO Carlos Gutierrez to be the new Secretary of Commerce. If confirmed by the Senate, Gutierrez will replace current secretary Don Evans. Read a transcript of President Bush's comments here. AP has more.... Merck & Co. Inc. has announced it has adopted a severance benefits plan for key managers in the event the company is taken over. The plan would give 230 people a package including cash, health benefits, possible retirement benefits and help with financial planning. Read Merck's SEC filing detailing the plan here [PDF]. Reuters has more.... The SEC is expected to formally adopt rules which will force hedge funds, which for years have invested large sums of money away from the public eye, to disclose information about their firms, investments, and strategies. Under the new rule, hedge fund managers have until February 2006 to register themselves as investment advisers if they both manage more than $25 million and have 15 or more clients. Boston Business Journal has more. click for previous corporations and securities law news


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International brief ~ Chile offers reparations to Pinochet torture victims
D. Wes Rist on November 29, 2004 10:30 AM ET

[JURIST] Chilean President Ricardo Lagos announced Monday that the Chilean government will be offering lifelong pensions to individuals on a monthly basis that are almost equal to the minimum wage for the same period. The announcement follows the publication of the report of the National Commission on Political Imprisonment and Torture (official site in Spanish), which identified over 28,000 victims of torture that suffered under the military rule of General Augusto Pinochet. The report's details of individual circumstances has been sealed for fifty years unless an individual wishes to release their own records. JURIST's Paper Chase has background on Pinochet. BBC News has more.... Sudanese Ministry of Humanitarian Affairs Ibrahim Mahmoud Hamid announced Monday that the head of the UK mission to Sudan from the aid agency Save the Children was being expelled from the country for violating Sudanese law. The agency confirmed this and also announced that a letter of warning had been filed by the Ministry of Humanitarian Affairs. The warning focuses on the statement by Save the Children that the Sudan government had dropped a bomb close to one of its feeding centers that was issued without confirmation by the African Union peacekeeping force based in Sudan. UK-based charity Oxfam also received a letter of warning Monday threatening to expel its country director. JURIST's Paper Chase has background on Sudan. Read Save the Children's statement concerning the initial bombing here. The Sudan Tribune has more.... The 2004 International Conference on Landmines, hosted by the African Union, opened Monday in Nairobi with a speech by Kenyan President Mwai Kibaki. The conference focuses on the status of the Convention on the Prohibition of the Use, Stockpiling, Production and Transfer of Anti-Personnel Mines and on their Destruction, called the Ottawa Convention, which aims to eventually outlaw the use of landmines. Ethiopia signed the treaty Monday, becoming the 144th country to accede to the banning of the use of landmines. BBC News has more.... Myanmar opposition party National League for Democracy (NLD) announced Monday that the Myanmar government has extended the house arrest of opposition leader and Nobel laureate Aung San Suu Kyi. Aung San Suu Kyi has been held by the government since July 2003 and has been under house arrest in her Rangoon home since September 2003. U Lwin, spokesman for the NLD, said that government officials informed Aung San Suu Kyi of her extended arrest Monday, and stated the that NDL believed her new release date would be sometime around September 2005. The NDL won a landslide election in 1990, but has never been permitted to take control of the government by the military, which has run the country since 1962. The reported extension apparently comes at the behest of the new Prime Minister appointed by the military, Soe Win, who is known to oppose dialogue with the NLD. Channel NewsAsia has more.


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Legal agenda and live webcasts ~ Monday, November 29
Jeannie Shawl on November 29, 2004 7:30 AM ET

[JURIST] Here's a run-down of law-related events, expected developments and live webcasts on JURIST's docket for Monday, November 29.
The US Supreme Court will hear 10 AM ET oral arguments in Ashcroft v. Raich (case summary from Duke Law School), where the Court will decide whether the Controlled Substances Act exceeds Congress' power under the Commerce Clause. The ABA provides merit briefs filed in the case. Knight Ridder has more.... The Court will also hear arguments this morning in Howell v. Mississippi (case summary from Duke Law School), where it will consider whether a state court can refuse to instruct a jury in a death penalty case on lesser offenses recognized in state law. The ABA provides merit briefs in the case. AP has more.
The US House and Senate are in recess. The US House will reconvene on Monday, December 6 at 2 PM. The US Senate will reconvene on Tuesday, December 7 at 9:30 AM.
The New Jersey Supreme Court will hear arguments Monday on whether the state's Charitable Immunity Act prevents a former New Jersey music school student from suing the school over alleged sexual molestation by school staff. AP has more.... In Alabama, a mandatory recount of votes on the state's Amendment 2, a measure to remove unenforced language mandating racial segregation from the state Constitution, will begin Monday. The Amendment was defeated by just 1,850 votes, or .13 percent. AP has more.
The trial of Fatmir Limaj and his co-defendants continues at the International Tribunal for the former Yugoslavia. Watch a webcast beginning at 2:45 PM local time (8:45 AM ET); the webcast is on a 30-minute tape delay. The ICTY has background on the case.
At the United Nations, the Security Council will meet at 10 AM ET to hear the report of the Secretary-General on the United Nations Interim Administration Mission in Kosovo and the report of the Secretary-General on the United Nations Stabilization Mission in Haiti. Watch a live webcast. The Security Council will also hold 3 PM ET closed consultations on Burundi.... General Assembly President Jean Ping will hold a 12:30 PM ET press conference on his recent visit to North Korea and the latest developments in the General Assembly. Watch a live webcast.... The General Assembly will meet at 3 PM ET to consider the question of Palestine and the situation in the Middle East. Watch a live webcast.
In Spain, former Prime Minister Jose Maria Aznar is scheduled to testify Monday before the parliamentary commission investigating the Madrid train bombings. Reuters has more.


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