A Collaboration with the University of Pittsburgh

Corporations and securities brief ~ Marsh likely to escape criminal charges

[JURIST] In Wednesday's corporations and securities law news, the troubled Marsh & McLennan insurance company is likely to escape criminal charges with the announcement of a reformation of its business practices. Marsh will still face civil charges [PDF] filed by New York Attorney General Eliot Spitzer. Read Marsh's plan here. BBC News has more.

In other news, the parent company of low-cost carrier ATA Airlines, ATA Holdings Corp., has announced it has filed for Chapter 11 bankruptcy protection. Read the ATA press release here. CNN has more.... News Corp. shareholders approved a measure which will shift its main share listing to the New York Stock Exchange. The move is widely seen as an effort to strengthen the company's finances and to position itself as one of the world's most important media conglomerates. Read the News Corp. press release announcing the approval of the move here [PDF]. AP has more.... In the UK, the Civil Partnership bill [PDF] may be changed to give same-sex couples same legal rights as married couples to receive a survivor's pension benefits. Read the press release from the Department for Work and Pensions press release here. BBC News has more.... As previously reported on JURIST's Paper Chase, the judge presiding over the trial of four former Merrill Lynch bankers and two Enron executives Wednesday ruled that jurors could only hear the salaries of three of the Merrill Lynch defendants. The Houston Chronicle has more coverage of the Enron barge trial. JURIST's Paper Chase has continuing coverage of the Enron collapse. AP has more.

  • click for previous corporations and securities law news

  • About Paper Chase

    Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

    © Copyright JURIST Legal News and Research Services, Inc., 2013.