BREAKING NEWS ~ Former WorldCom finance chief gets five year prison term News
BREAKING NEWS ~ Former WorldCom finance chief gets five year prison term

[JURIST] AP is reporting that former WorldCom CFO Scott Sullivan has been sentenced to five years in prison for his role in the company's $11 billion accounting fraud, the largest in US history. Sullivan is the fifth former executive from WorldCom to receive a prison sentence. In July, former WorldCom CEO Bernard Ebbers [JURIST news archive] received a 25-year prison sentence [JURIST report] after being convicted of fraud, conspiracy and filing false documents with regulators. Also in July, Sullivan and two others entered into civil settlements [JURIST report] with investors over their roles in the WorldCom accounting fraud [JURIST news archive].

THIS DAY @ LAW

UN General Assembly approves Palestine partition plan

The UN General Assembly approved UN Resolution Resolution 181 (II) on November 29, 1947, recommending that the British Mandate for Palestine be split into a Jewish state, an Arab state, and an international zone for Jerusalem. The vote in the assembly was 33 for to 13 against, with 10 abstentions. The resolution sparked a war between Palestinian Arabs and Jews in 1947 and a wider war after Egypt, Syria, Jordan, Iraq, and Lebanon invaded the new State of Israel in 1948. Read Resolution 181 (II).

UN divided Palestine between Arabs and Jews

On November 29, 1947, the UN General Assembly voted to partition Palestine into Jewish and Arab territories, leading to the establishment of a Jewish state the following year. Read UN General Assembly Resolution 181.

Defense Secretary Robert McNamara resigns during Vietnam Conflict

On November 29, 1967, Secretary of Defense Robert S. McNamara announced that he was resigning from his office to accept an appointment as head of the World Bank. The announcement came as the Vietnam Conflict was becoming increasingly unpopular in the United States and abroad.