US Bankruptcy Judge Letitia Clark ruled Thursday that she will not reinstate Russian oil company Yukos' bankruptcy filing, which she dismissed last week for lack of jurisdiction in the United States. Late last week, Yukos filed a motion asking Judge Clark to reconsider her analysis of Section 1112(b) of the US bankruptcy code, saying there [...]

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Leading Thursday's corporations and securities law news, the SEC announced Putnam Investments has been ordered to pay an additional $43 million in fines as part of its punishment for an improper trading scandal. The announcement came after an independent consultant found the trading scandals cost investors in Putnam funds $4.4 million. Read the SEC press [...]

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Ellen S. Podgor, Georgia State University College of Law: "With the upcoming release of Martha Stewart from prison, the press is writing of her experiences and future. The Wall Street Journal provides a view of her life in prison here, AP here, and there have been many a story on her upcoming TV show. (see [...]

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Halliburton has disclosed in annual 10-K SEC filings that former employees may have engaged in bid rigging on foreign construction projects. Former company consultant and chairman of Halliburton subsidiary Kellogg Brown & Root , Jack Stanley and others allegedly engaged in improper bidding and bribery of Nigerian officials to win a contract for a liquefied [...]

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Lawyers for former Canadian Prime Minister Jean Chretien filed a motion in Canada's Federal Court Thursday to remove Justice John Gomery from the chairmanship of a judicial commission of inquiry investigating Chretien’s involvement in improper payments made by a defunct national unity program. Last month Gomery refused to step down after Chretien's lawyers alleged that [...]

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