Corporations & securities brief ~ SEC reconsiders Sarbanes-Oxley impact on foreign corporations
Leading Tuesday's corporations and securities law news, SEC Chairman William Donaldson stated in a speech today that the agency is considering changes to the Sarbanes-Oxley Act to ease burden on foreign companies. Companies in both...
A group of seven federal judges will meet in Fort Myers, FL, Thursday to consider how to handle mounting lawsuits over the painkiller Vioxx , which was pulled from the market by manufacturer Merck &...
Ruling on dog sniff for drugs at traffic stop - Fourth Amendment [US SC]
Illinois v. Caballes, Supreme Court of the United States, Justice Stevens, January 24, 2005 [ruling that a driver stopped for speeding and then subjected to a "dog sniff" that revealed the presence of drugs in a particular location of the...
Corporations & securities brief ~ ImClone settles shareholder lawsuits
Leading Monday's corporations and securities law news, ImClone Systems Inc. has agreed to settle a class-action shareholder lawsuit from 2002 for $75 million. The lawsuit accused the company of making false and misleading statements about a prospective...
The US Supreme Court Monday issued rulings on the Fourth Amendment in Illinois v. Caballes and on a tax law issue in Commissioner v. Banks. In Caballes, the Court held that a driver stopped for speeding and then subjected...
Former Argentine officer testifies that prior confession was false
Adolfo Scilingo , the former Argentine naval officer on trial in Spain for committing genocide and crimes against humanity during Argentina's "Dirty War" , took the stand for the first time...
Corporations & securities brief ~ SEC may bring action against NYSE
Leading Wednesday's corporations and securities law news, the SEC will bring an enforcement action against the NYSE for failing to supervise its floor-trading specialists. The action, which is expected to be brought by mid-February, will...
British Attorney General Lord Peter Goldsmith provided new details in a speech Tuesday on the creation of a proposed UK crime-fighting agency similar to the US Federal Bureau of Investigation. The new institution, to be called the...
Ellen Podgor, Georgia State University College of Law:"Although the Supreme Court did not issue an opinion in the much awaited sentencing cases of Booker and Fanfan, it did rule in Whitfield v. United States. The Court held that a conspiracy...
Supreme Court to review accounting firm's conviction in Enron case
The US Supreme Court announced Friday that it would hear an appeal brought by the Chicago-based accounting firm Arthur Andersen, previously convicted for obstruction of justice by destroying documents related to the fall of the Enron Corp. Andersen was...
