Dura Pharmaceuticals, Inc. v. Broudo, Supreme Court of the United States, April 19, 2005 . Excerpt from the unanimous opinion by Justice Breyer: A private plaintiff who claims securities fraud must prove that the defendant's fraud caused an economic loss. 109 Stat. 747, 15 U. S. C. §78u—4(b)(4). We consider a Ninth Circuit holding that [...]

The US Supreme Court on Tuesday ruled that plaintiffs bringing securities fraud claims cannot establish economic loss necessary for such claims by showing that stock prices were inflated at the time of purchase. In Dura Pharmaceuticals, Inc. v. Broudo , 03-932, the Court overturned a Ninth Circuit decision that plaintiffs could simply prove the stock [...]

Leading Tuesday's international brief, UN Secretary-General Kofi Annan has flagged and implicitly condemned threats from several high-ranking Sudanese officials warning that international personnel in the country may be at greater risk if the International Criminal Court acts against any government officials included on a UN list Annan handed over to the ICC . Annan presented [...]

The Tokyo High Court on Tuesday refused to award compensation to Chinese victims of atrocities during Japan's occupation of the country, as relations between the two countries grew increasingly tense. Ten survivors and relatives of victims of the Nanjing massacre and of Japanese military germ experiments sought about $1 million in compensation and an apology. [...]

Flaws and inadequate computer security at the Internal Revenue Service has left the personal information of millions of taxpayers open to potential theft and illegal access, according to a Government Accountability Office report issued Monday. The report also found that the IRS would be unable to tell if its information databases on tax returns had [...]

JTF-Gitmo Information on Detainees, US Department of Defense, March 4, 2005. Excerpt: The US Government currently maintains custody of approximately 550 enemy combatants in the Global War on Terrorism at Guantanamo Bay, Cuba. Many of these enemy combatants are highly trained, dangerous members of al-Qaida, its related terrorist networks, and the former Taliban regime. More [...]

Zacarias Moussaoui has notified the government that he will plead guilty to his alleged role in the Sept. 11, 2001, terror attacks if a judge finds him mentally competent, the Washington Post reported Tuesday . Moussaoui, a French citizen and the only person charged in the US in connection with the Sept. 11 attacks, indicated [...]

A jury on Monday found no wrongdoing by investment firm Alliance Capital when it invested Florida state employee pension funds in plunging Enron stock, ultimately losing $280 million. The jury found against the Florida State Board of Administration in its breach-of-contract claims against Alliance that accused the company of continuing to buy up Enron stock [...]

The Ecuadorian Congress will debate Tuesday whether to begin impeachment proceedings against embattled President Lucio Gutierrez . Gutierrez has come under fire for dissolving the Ecuador Supreme Court last December and stacking the court with his supporters and then again attempting to dismiss the Supreme Court last week . Over the weekend, Ecuador's congress voted [...]

Pushing for Serbian membership in the European Union by 2010, Serbian Deputy Prime Minister Miroljub Labus said Monday that Serbia has issued arrest warrants for suspects indicted by the International Criminal Tribunal for the former Yugoslavia and will extradite suspects it captures to the UN tribunal in The Hague. EU officials have urged closer co-operation [...]