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Legal news from Tuesday, March 25, 2014
by Bradley McAllister

A federal jury in the US District Court for the Southern District of New York on Monday returned a guilty verdict for five former associates of Bernard Madoff on charges they aided and profited from the Ponzi scheme that defrauded billions of dollars from investors. The former co-workers include: ex-director of operations Daniel Bonventre, …

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by Ann Schober

The Colorado Supreme Court on Monday ruled that lawyers can advise marijuana businesses in the state without fear of violating state attorney ethics laws. Since Colorado legalized recreational marijuana through a voter initiative in 2012, many attorneys have reportedly expressed concern over involving themselves in the trade for fear of violating the Colorado Rules of …

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by Stephen Adelgren

Bangladeshi investigators on Tuesday moved the government to ban Islamist party Jamaat-e-Islami (JI) for its alleged involvement in war crimes occurring during the nation's 1971 Bangladesh Liberation War from Pakistan. Government investigators reportedly obtained evidence that Jammat formed armed groups to assist Pakistani forces in the commission of atrocities. …

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by Nicholas Tomsho

The US Court of Appeals for the Second Circuit on Tuesday affirmed the insider trading conviction of former Goldman Sachs director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should not have been admitted against him. Gupta was convicted of three counts of securities fraud and one count of conspiracy …

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by Bradley McAllister

The US Supreme Court ruled unanimously on Tuesday in US v. Quality Stores, Inc. that involuntarily terminated severance packages given to employees are subject to wage taxation under the Federal Insurance Contributions Act (FICA). The case stems from the bankruptcy of Quality Stores, a former agricultural speciality retailer based in Michigan. …

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by Stephen Adelgren

The US Supreme Court on Tuesday issued a unanimous ruling in Lexmark v. Static Control Components holding that Static did not lack standing to assert a Lanham Act claim in defense of a copyright infringement action brought by Lexmark. The case revolved around the use of certain microchips allowing refurbished printing cartridges to be used …

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by Nicholas Tomsho

An Egyptian court on Tuesday stated that on April 28 it will rule on the mass trial of 683 alleged supporters of ousted President Mohammed Morsi charged with murder, incitement of violence and sabotage. The trial, which has been decried internationally for failing to provide due process to the accused, comes …

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by Julie Deisher-Edwards

In recognition of the International Day for the Right to the Truth Concerning Gross Human Rights Violations and for the Dignity of Victims, UN Secretary-General Ban Ki-moon urged global leaders Monday to take seriously the recommendations of commissions of inquiry and truth commissions in addressing violations of human rights and …

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