Panamanian dictator Noriega indicted

On February 5, 1988, Panamanian dictator Manuel Noriega was indicted on charges of drug smuggling and money laundering. The following year, he was extradited to the United States and later sentenced to 30 years in US federal prison.

In 1999, the French government requested that Noriega be extradited to France, where he had been convicted of money laundering. In that same year, the government of Panama also requested the extradition of Noriega, as a result of his 1995 conviction in absentia on murder charges.

THIS DAY @ LAW

Standard Oil incorporated

On January 10, 1870, John Davison Rockefeller incorporated Standard Oil. Rockefeller's corporation would grow to achieve a virtual monopoly over oil production in the United States. Standard Oil's dominance lasted until the corporation was split into 34 separate companies in 1911 after the Supreme Court found the company in violation of the Sherman Anti-Trust Act. The rise of Standard Oil made Rockefeller America's first billionaire and eventually the richest man in the world. Read the text of Standard Oil Co. of New Jersey vs. United States, 221 U.S. 1 (1910).