Leading Tuesday's corporations and securities law news,the UK's Financial Services Authority has fined Citigroup $25 million for flooding the market with bonds. Though the transaction was not illegal, it was against standard practice for European bond trading. In a press release, the FSA said that the transaction caused a sharp drop in bond prices. Reuters [...]

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The White House is expected to approve 70 changes proposed by the Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction after a three-month investigation by the National Security Council which will be made public Wednesday. The recommendations were outlined in a report issued by the commission in March which [...]

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Leading Tuesday's states brief, the Wisconsin Supreme Court ruled today that the state's Public Service Commission acted properly in approving a coal-fired power plant in Oak Creek, Wisconsin. S.C Johnson & Son and the environmental group Clean Wisconsin challenged the plant saying that the Commission did not give enough scrutiny to the project and failed [...]

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Canadian Minister of State Joe Comuzzi resigned from the government Liberal cabinet Tuesday hours before a scheduled parliamentary vote on a controversial same-sex marriage bill . Comuzzi, Minister of State for Northern Ontario, informed Prime Minister Paul Martin early Tuesday that he could not vote in opposition to his constituents, who he claims overwhelmingly oppose [...]

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The US Department of Justice has formally asked a federal judge to impose $14 billion in penalties on cigarette companies in a massive racketeering trial. The request made late Monday elaborates on smoking cessation proposals made earlier this month during the trial's closing arguments. The proposed program of $14 billion, slightly more than the $10 [...]

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Egyptian opposition presidential candidate Ayman Nour pleaded not guilty Tuesday to charges of forgery as hundreds outside the courthouse protested his trial as a attempt to eliminate any rivals to current President Hosni Mubarak . The case, in which Nour is accused of forging signatures to get his opposition al-Ghad party registered, has created tension [...]

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