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Legal news from Sunday, February 20, 2005 |


UN panel votes to oppose cloning
David Shucosky on February 20, 2005 11:00 AM ET

[JURIST] The UN General Assembly's legal committee [official website] has adopted a non-binding resolution against all forms of human cloning, including techniques used in stem cell research. After several days of debate [JURIST report], the committee voted 71-35, with 43 abstentions, to adopt the resolution, which was put forward by Honduras and backed by the Bush administration. The measure will now go to the full 191-nation assembly for a vote. Opponents of the measure, including Britain, Belgium, and Singapore, say it will have no effect on their practice of stem cell research. Even if approved by the full assembly, the resolution would only be a recommendation, without binding legal force. Reuters has more. The UN abandoned efforts to draft a binding treaty [AP report] on the subject last year.


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Federal judge delays WorldCom trial
David Shucosky on February 20, 2005 10:40 AM ET

[JURIST] A federal judge has delayed the start of the class-action fraud suit against WorldCom [JURIST Hot Topic archive] until March 17, so that lawyers can interview witnesses from former WorldCom CEO Bernard Ebbers fraud trial [AP report] after it ends in the next few weeks. US District Judge Denise Cote also issued strict guidelines for testimony and arguments, and ordered that the case wrap up by early July, rejecting estimates from attorneys that the proceedings would take nine months. The class-action suit, brought by WorldCom investors, alleges that the company used fraudulent accounting practices to inflate profits, cover up known financial weaknesses, and cheat investors. Judge Cote previously has refused to enter a settlement in the case [AccountingWeb.com report] on the grounds that it was unfair to the banks also named in the lawsuit. Reuters has more on the delay of trial. In a related story, the company, which is out of bankruptcy and now called MCI [corporate website], is looking to merge with Verizon [corporate website], but shareholders Friday filed a lawsuit to block the buyout [Reuters report], saying the price is too low.


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