Arthur Andersen , the former accounting giant which lost its licenses in the Enron collapse, announced a settlement on Monday with WorldCom investors who had accused the firm of violating securities laws and failing to protect them from WorldCom's $11 billion accounting fraud. Details of the settlement were not announced, and an expedited preliminary approval [...]

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Leading Monday's corporations and securities law news, Florida's insurance regulation commissioner announced subpoenas have been sent to officials at 17 insurance companies, including units of American International Group Inc. , Chubb Corp., Swiss Re AG , Berkshire Hathaway Inc.'s unit National Indemnity Company of the South and Hannover Re AG , over a probe into [...]

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The US Supreme Court agreed Monday to hear Oregon v. Guzek (docket 04-928), a death sentence case involving a convicted murderer's efforts to bring evidence into his sentencing hearing that would cast doubt on the conviction. A ruling here could clarify the Supreme Court's 1988 decision in Franklin v. Lynaugh ; it could also have [...]

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Following yet another interruption because of his health problems, the war crimes trial of former Yugoslav president Slobodan Milosevic resumed Monday at the International Court Tribunal for the former Yugoslavia . Milosevic stayed out of court late last week after doctors warned him that he was at risk of a heart attack as his blood [...]

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The US Department of Justice Bureau of Justice Statistics reported Sunday that prison incarceration rates for 2003 – 2004 hit an all-time high, with nearly 2.3 percent of the population being jailed for some length of time. The study showed that while crime is decreasing, the incarceration rate is far outstripping the release rate of [...]

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