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Legal news from Friday, July 29, 2005 |
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Corporations and securities brief ~ UK competition commission questions LSE takover
James Murdock on July 29, 2005 6:54 PM ET

[JURIST] Leading Friday's corporations and securities law news, the UK's Competition Commission [official website] has concluded that takeover bids from Euronext [corporate website] and Deutsche Boerse [corporate website] for the London Stock Exchange (LSE) [corporate website] would negatively affect competition. In its report, the commission said that either company would need to divest itself of its clearing services in order for its bid to be less negatively affect competition. In a press release, Deutsche Boerse said it considers itself to have an advantage over Euronext because "a discontinuation of clearing activities in general, an option mentioned by the Commission for both parties, is not an issue for Deutsche Börse." Eurnoext simply said, in its own press release, that it will continue to work with the Commission. Reuters has more.
In other corporations and securities law news... - A judge in Washington state has blocked a former Microsoft [corporate website] executive from heading Google's new software research center in China [Google press release]. Microsoft sued Google and Kai-Fu Lee alleging that Lee was violating his employment contract with Microsoft. Google had earlier called the lawsuit a "a shocking display of hubris" on Microsoft's part. The judge ruled that Lee cannot work in any fields that compete with Microsoft in areas Lee studied while working at Microsoft. The ruling also forbade Google from trying to induce Microsoft employees to switch employers. Reuters has more.
- The influential Council of Institutional Investors [official website] will speak to Morgan Stanley [corporate website] over the lucrative severance packages the firm gave its outgoing CEO and other high-ranking executives. Ex-CEO Phillip Purcell left the company in June amid pressure from shareholders [JURIST report] with a $113 million severance package. The council, whose members manage over $3 trillion, said the details of the package--including guarantees to the executives--"gives rise to our concern over the board's alignment with its shareholders." Reuters has more.


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UN rights panel says US late filing report on treatment of detainees
Tom Henry on July 29, 2005 2:59 PM ET

[JURIST] The UN Human Rights Committee [official website] said Friday that the US will be late in submitting a report on its anti-terrorist measures, including the treatment of prisoners in Iraq, Afghanistan and Guantanamo Bay [JURIST news archive]. The UN received a letter from US officials informing them that "they are not in a position to submit their report by the time of the committee's 84th session." The panel initially asked Washington to provide details in July 2004 about the measures taken since the September 11, 2001 attacks including implementation of the Patriot Act and detention facility practices inside and outside the US. One committee member said the US has promised the panel a report by year's end, though the panel wants a report by October 2005. In a ststement [text] later Friday, the US State Department said: The United States continues to work on a report of its implementation of the International Covenant on Civil and Political Rights. In May of this year, the United States submitted its report on the implementation of the Convention Against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment. Since that time, we have concentrated our efforts on completing the ICCPR report, which we hope to submit to the Human Rights Committee as soon as possible. AP has more.


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Rwanda releases thousands of prisoners, including most genocide suspects
Tom Henry on July 29, 2005 12:03 PM ET

[JURIST] Rwandan authorities have begun releasing 36,000 inmates, the majority of whom have confessed to taking part in the country's 1994 genocide [Wikipedia backgrounder]. The cabinet approved the provisional mass release [JURIST report] on Wednesday in a bid to free up the country's overcrowded jails, which are past capacity with more than 80,000 inmates. According to Rwanda's Prosecutor General, those being released are mostly the elderly, those under 18 at the time of the genocide, and those who have have been detained for many years. The release, however, is not an amnesty; those freed may still face charges in local courts. Reuters has more.


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Army mechanic acquitted of desertion, guilty of lesser charge
Tom Henry on July 29, 2005 11:07 AM ET

[JURIST] Army mechanic Sgt. Kevin Benderman [defense website] was acquitted Thursday of desertion from a unit heading for duty in Iraq, but was convicted of a lesser charge related to intentionally evading deployment. After applying for conscientious-objector status [PDF DOD directive] 11 days before his unit deployed, Benderman failed to show up when his Third Infantry Division [official website] unit departed. Benderman was sentenced to 15 months in prison, demotion to private, and a dishonorable discharge. The son of a World War II veteran, Benderman was outspoken about his change of mind about war [JURIST report], claiming that during his first 2003 tour in Iraq he had witnessed officers refusing to treat a burn victim and dogs eating corpses at gravesites. Army officials, however, pointed out that Sergeant Benderman did not apply for conscientious-objector status until more than a year after his first tour ended. The New York Times has more.


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