As briefly noted yesterday in JURIST's Corporations and securities brief, WorldCom ex-CFO Scott Sullivan and two other executives have reached civil settlements over their roles in WorldCom's disastrous accounting fraud that bankrupted the company. Sullivan – who famously testified against recently-convicted WorldCom founder Bernard Ebbers – and the executives David Myers and Buford Yates plead [...]

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In an interview with the Associated Press reported Tuesday, Attorney General Alberto Gonzales said he would reconsider his predecessor John Ashcroft's policies on public access to government information. In October 2001 Ashcroft tightened existing policies on information requests, requiring federal agencies to carefully consider national security, law enforcement concerns, and personal privacy before releasing information [...]

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US lawmakers trying to block a Chinese takeover bid for US oil firm Unocal prior to an crucial shareholders' vote next month have added an amendment to an energy bill that would push back by more than four months the start of a US government review of the bid by China National Offshore Oil Corp. [...]

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A Senate floor debate began Tuesday to discuss a proposed Gun Liability Law that would prevent lawsuits against gun manufacturers, dealers and trade associations when crimes or accidents involving firearms occur. Republican Senator Jeff Sessions said the legislation would stop "unjust lawsuits" intended to "drive gun manufacturers out of business." Democrats have voiced their opposition [...]

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US Supreme Court nominee John Roberts wrote an opinion Tuesday, dismissing a class-action suit brought by firefighters and federal law enforcement officers who sought increased disability benefits upon retirement. The retirees were hoping to gain higher benefits before meeting the threshold requirements of reaching the retirement age of 50 and serving for over 20 years. [...]

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