Nigerian President and current African Union chair Olusegun Obasanjo told the UN General Assembly Saturday at the opening of its regular 60th anniversary session that former Liberian president Charles Taylor, indicted by the Special Court for Sierra Leone on 17 counts of war crimes committed during his 15-year rule, should for now stay in exile [...]

READ MORE

A day after leaders attending the 2005 World Summit endorsed a modest package of UN reforms and policy initiatives, UN Secretary General Kofi Annan Saturday pledged he would follow-though on what had been achieved, but warned of significant challenges ahead. Addressing the opening of the ministerial phase of the UN General Assembly 60th anniversary session, [...]

READ MORE

The New Orleans-based federal judge charged with co-ordinating the approximately 1800 pending federal lawsuits relating to the withdrawal of the painkiller Vioxx from pharmacists' shelves last year has ruled that the first federal trial against Vioxx-manufacturer Merck will take place in Houston beginning November 28. US District Judge Eldon Fallon evacuated to Houston earlier this [...]

READ MORE

Leading Friday's corporations and securities law news, the US Securities and Exchange Commission has formally set out its plans to alleviate corporate financial strain caused by Hurricane Katrina . In a press release, the agency announced that it will extend various filing deadlines for corporations affected by the hurricane. The agency's order also exempts corporations [...]

READ MORE

The UN General Assembly High-level Plenary Friday evening approved a watered-down 35-page package of modest institutional reforms and global policy initiatives in the culminating moment of the biggest summit of heads of state and government in UN history. Progress was made in condemning terrorism in all its forms, accepting clear responsibility to protect populations from [...]

READ MORE

Newspaper publishing giant Hollinger International Inc. announced Friday that it had reached a $20 million settlement in a class-action lawsuit brought by advertisers over claims that it inflated circulation figures for the Chicago Sun-Times . Under the settlement reached after six months of negotiations, Hollinger will pay $7.7 million in cash and $5.6 million in [...]

READ MORE