Securities and Exchange Commission Chairman William Donaldson has ruled against sanctioning Global Crossing founder Gary Winnick with a fine or charges in an unusual move that saw him side with two other commissioners in voting against the recommendation of an SEC staff panel. A settlement with Global Crossing on overstatement of revenues is pending. Observers [...]

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Oracle Corporation announced Monday that it has signed a $10.3 billion dollar merger deal with PeopleSoft, ending an 18-month hostile takeover bid plagued with legal challenges. Read the Oracle press release on the merger here. Previously in JURIST's Paper Chase: Corporations & securities brief: Oracle likely to win PeopleSoft takeover bid Corporations & securities brief: [...]

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The Israeli Cabinet Sunday agreed to release nearly 200 Palestinian prisoners currently being held in Israeli prisons. The release was part of an agreement between Egyptian president Hosni Mubarak and Israeli prime minister Ariel Sharon. Israeli government spokesman Rannan Gissin referred to the release as "a gesture of goodwill shows also our intention to change [...]

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The Ukraine prosecutor general's office announced Sunday that it will reopen the criminal investigation into allegations that Ukraine presidential candidate and opposition leader Viktor Yushchenko was poisoned, damaging his health and disfiguring his formerly-youthful visage. The case, closed in November due to lack of evidence, will be reopened after confirmation from Yushchenko's Austrian doctors at [...]

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