A Florida jury Monday ordered Morgan Stanley to pay $604 million in damages to billionaire investor Ronald Perelman after finding that he relied on the company when it advised him to sell his 82-percent stake in camping goods company Coleman for cash and stock in appliance company Sunbeam. An accounting fraud scandal that led to [...]

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Russian oil magnate Mikhail Khodorkovsky was found guilty of all seven charges of tax evasion, fraud and embezzlementafter the Moscow court on Tuesday finished reading the verdict it began announcing on Monday . The court will rule Wednesday on another charge relating to alleged theft of a 20-percent stake in a fertilizer plant that the [...]

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A United Nations-appointed committee investigating the UN oil-for-food program has won the right to inspect internal documents a former investigator turned over to the US Congress. Robert Parton resigned last month from the Independent Inquiry Committee because he felt the UN investigation wasn't tough enough. The House had subpoenaed the documents for their own investigation [...]

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The chief federal prosecutor in a terrorism case marred by prosecutorial misconduct resigned on Monday. Richard Convertino won convictions against four terrorism suspects in Detroit in 2003, but the government later had them tossed out because possibly-valuable defense information was not turned over by the prosecutors as required. Convertino later sued then-Attorney General John Ashcroft [...]

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Report on oil allocations granted to Vladimir Zhirinovsky, US Senate Homeland Security and Governmental Affairs Comittee, Permanent Subcommittee on Investigations, May 16, 2005 . Excerpt: This Report presents the evidence gathered by the U.S. Senate Permanent Subcommittee on Investigations (the "Subcommittee") establishing that Russian official Vladimir Zhirinovsky was granted lucrative allocations of oil from the [...]

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Granholm, et al. v. Heald, et al., Supreme Court of the United States, May 16, 2005 . Excerpt from the majority opinion by Justice Kennedy: We hold that the laws in both States discriminate against interstate commerce in violation of the Commerce Clause, Art. I, §8, cl. 3, and that the discrimination is neither authorized [...]

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