James Murdock

Corporations and securities brief ~ SEC votes to keep controversial mutual fund rule

June 29, 2005 04:25:00 pm

Leading Wednesday's corporations and securities law news, on the day before SEC Chairman William Donaldson steps down, the Commission has voted 3-2 to keep a rule forcing mutual funds to be overseen by an independent chairman. The...

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Corporations and securities brief ~ UK fines Citigroup for disruptive bond trading

James Murdock

June 28, 2005 07:10:00 pm

Leading Tuesday's corporations and securities law news,the UK's Financial Services Authority has fined Citigroup $25 million for flooding the market with bonds. Though the transaction was not illegal, it was against standard practice for European...

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Corporations and securities brief ~ SEC investigating IBM disclosures

James Murdock

June 27, 2005 06:42:00 pm

Leading Monday's corporations and securities law news, the SEC is investigating IBM , the company announced today. In a press release, IBM said that it received a request to voluntarily comply with the SEC's informal investigation....

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Corporations and securities brief ~ Nextel, Sprint face legal action over planned merger

James Murdock

June 24, 2005 07:00:00 pm

Leading Friday's corporations and securities law news, affiliates of both Sprint and Nextel plan legal action relating to the companies' planned merger. In a filing with the SEC today, Nextel Partners , a Washington...

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Corporations and securities brief ~ Morgan Stanley, Parmalat settle

James Murdock

June 23, 2005 06:27:00 pm

Leading Thursday's corporations and securities law news, Morgan Stanley has settled with stumbling Italian dairy giant Parmalat . Parmalat sued Morgan Stanley in February to recoup money Parmalat gave to Morgan Stanley shortly before the food...

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Corporations and securities brief ~ SEC to vote on mutual funds rule

James Murdock

June 22, 2005 06:11:00 pm

Leading Wednesday's corporations and securities law news, the SEC has announced that its five-member panel will vote again on a controversial rule requiring mutual funds to be overseen by independent chairmen. The announcement comes after a federal...

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Corporations and securities brief ~ NYSE to investigate more traders

James Murdock

June 21, 2005 08:00:00 pm

Leading Tuesday's corporations and securities law news, the New York Stock Exchange has announced that it is investigating the possibility that more traders have acted inappropriately. In April, 17 NYSE traders were charged with securities fraud violations...

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Corporations and securities brief ~ GE subpoenaed in federal reinsurance probe

James Murdock

June 20, 2005 07:39:00 pm

Leading Monday's corporations and securities law news, General Electric Company has been subpoenaed by the US Attorney's Office for the Southern District of New York. In a press release issued Monday, GE said that the subpoena is...

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Corporations and securities brief ~ Spitzer sued by Treasury, bank group

James Murdock

June 17, 2005 03:23:00 pm

Leading Friday's corporations and securities law news, New York Attorney General Eliot Spitzer has been sued by the US Department of the Treasury's Comptroller of the Currency and by the Clearing House , a...

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Corporations and securities brief ~ KPMG apologizes for illegal tax shelters

James Murdock

June 16, 2005 07:19:00 pm

Leading Thursday's securities and corporations law news, "Big Four" accounting firm KPMG has apologized for creating illegal tax shelters. The firm vowed to clean up its practices and culture. The apology is part of an effort by...

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THIS DAY @ LAW

Gorbachev becomes USSR leader

On March 11, 1985, Mikhail Gorbachev became the leader of the Union of Soviet Socialist Republics, following the death of Konstantin Chernenko. He soon announced that he would hold arms-reduction negotiations in Geneva with the United States. Gorbachev also used his tenure to liberalize the economy and social structure of the USSR, eventually leading to the abatement of the Soviet Union. In 1990, he was awarded the Nobel Prize for Peace.

Read documents and interviews from the 1990 USA-USSR Summit.

Confederate Constitution adopted

On March 11, 1861, seven former US states adopted the Constitution of the Confederate States of America, which closely followed the language, if not necessarily the purport, of the original US Constitution. Section 9 (4) of the Confederate Constitution read "No bill of attainder, ex post facto law, or law denying or impairing the right of property in negro slaves shall be passed," enshrining the right to own slaves as fundamental law.

ICC holds first meeting

The war crimes court known as the International Criminal Court (ICC) swore in its first batch of judges on March 11, 2003. The meeting took place eight months after the ratification of the court's Rome Statute. Then-UN Secretary-General Kofi Annan said of the occasion: It has taken mankind many years to reach this moment. By the solemn undertaking they have given here in open court, these 11 men and seven women, representing all regions of the world and many different cultures and legal traditions, have made themselves the embodiment of our collective conscience. Learn more about the work of the ICC.