The US Securities and Exchange Commission announced Thursday that it has charged Citigroup Inc. with misleading investors about the company’s exposure to sub-prime mortgage-related assets and settled with the company for $75 million. The SEC alleged that Citigroup “repeatedly made misleading statements about the extent of its holdings of assets backed by sub-prime in earnings [...]

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Philippines President Benigno Aquino signed an executive order Friday to set up a “truth commission” to investigate allegations that the outgoing administration engaged in corruption and rights violations. The commission will look into accusations that former president Gloria Macapagal Arroyo and members of her administration rigged the 2004 presidential election, misused government funds and profited [...]

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Two prospective third party congressional candidates and six California voters filed a lawsuit Thursday seeking to enjoin enforcement of Proposition 14 , which alters the primary election system, creating an open primary where only the top two vote-getters would advance to the general election. Proposition 14 was approved by voters last month and changes elections [...]

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Jonathan Cohen, Pitt Law ’12, studied in Jerusalem as part of a program hosted by the Touro College Law Center and sponsored by Pitt’s Center for International Legal Education. He writes about the differences between Israel and the United States in the areas of judicial appointments and judicial review… This June, I took courses at [...]

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The Prosecutor’s Office of Bosnia and Herzegovina (BiH) on Thursday indicted former Serb policeman Srpko Pustivuk for allegedly committing crimes against civilians during the Bosnian civil war . Pustivuk was arrested on July 13 in Bijeljina and has been held in custody since. According to a statement by the Prosecutor’s Office, Pustivuk is accused of [...]

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