BREAKING NEWS ~ CIBC settles with Enron investors for record $2.4 billion News
BREAKING NEWS ~ CIBC settles with Enron investors for record $2.4 billion

[JURIST] Canadian Imperial Bank of Commerce [official website] on Tuesday agreed to a $2.4 billion settlement over a class-action lawsuit with investors in collapsed energy giant Enron Corp. The settlement is the largest yet, beating the $2.2 billion settlement with JP Morgan Chase [JURIST report] and the $2 billion paid by Citigroup to Enron investors [JURIST report]. Reuters has more.

THIS DAY @ LAW

Pope Urban II sparks First Crusade

Pope Urban II threw his support behind what would become the First Crusade on November 27, 1095 during the Council of Clairmont. The Pope urged the council's participants to render aid to the Byzantine Empire, which was being attacked by the Seljuks. Pope Urban called for a wide coalition of rich and poor to combat the threat, which eventually resulted in the conquest of much of the Muslim-controlled Levant by the Crusaders and the establishment of the Crusader States. Read Pope Urban's address.  

Catholic Code of Canon Law revised

On November 27, 1983, the revised Code of Canon Law of the Roman Catholic Church went into effect. Learn more about the history of Canon Law from Professor Kenneth Pennington of the Catholic University of America's Columbus School of Law.

Alfred Nobel creates Nobel Prize in his will

On November 27, 1895, Alfred Nobel signed his will, creating the Nobel Prize. Learn more about the history of the Nobel Prize and the Nobel Commission.