JPMorgan Chase agreed Tuesday to settle with investors by paying $2.2 billion to cover claims that shareholders were misled about Enron Corportation revenue because JPMorgan hid the company's debt. The announcement follows Citigroup's decision to settle an Enron-related class-action lawsuit against them for $2 billion earlier this week. JPMorgan officials refused to say the settlement [...]

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The opening of the Sudanese domestic tribunal created to try 160 alleged Darfur war criminals that was originally set for Tuesday has now been delayed until Wednesday, according to court chairman Mahmud Saeed Abkem. No reasons were given for the delay but Abkem said the hearings would be "public and open." Sudan Justice Minister Ali [...]

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Leading Tuesday’s corporations and securities law news, the SEC announced today that it had reached an agreement with Ford Motor Credit Company over illegal marketing of the “Ford Money Market Account.” The agreement includes $700,000 in fines, an agreement to cease and desist the marketing practices, and a series of remedial reforms. The SEC charged [...]

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Colombian President Alvaro Uribe announced Tuesday that his administration is planning to draft a bill which would effectively disband the right-wing paramilitary fighters supported by umbrella group United Self-Defense Forces of Colombia (AUC) . The US recently criticized the Colombian government for its leniency towards the paramilitary groups, which were created in the 1980s to [...]

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A New Jersey appellate court Tuesday ruled against seven same-sex couples who had argued that they were entitled to marry under the state constitution . The court ruling upheld a lower court decision that had concluded that state legislators must first change marriage laws in New Jersey before same-sex marriages would be allowed. AP has [...]

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