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Examining a Move to Change Securities Litigation

23 hours ago ago from DealBook

Legal Examining a Move to Change Securities Litigation December 16, 2009, 9:18 am Peter J. Henning, a professor at Wayne State Law School, writes as a guest blogger for the Deal Professor. Mr. Henning specializes in issues related to white-collar crime and follows them for DealBook’s White Collar Watch. The Investor Protection Act of 2009, which the House included in its extensive financial regulatory bill, has a number ...

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Supreme Court Considers Federal Corruption Law

11 hours ago ago from Stealth Fusion - World Breaking News

Supreme Court Considers Federal Corruption Law -- Politics Daily Quote: This week the Supreme Court will consider three challenges to a federal corruption law that has been used to prosecute a number of fraud cases, including those of former lobbyist Jack Abramoff, former Illinois governor George Ryan and some Enron executives. Critics claim the language of the law is too vague, but many prosecutors say they depend on it ...

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Supreme Court Declares NRO Null And Void

3 hours ago ago from India News Breaking News US news showbiz news Latest News Updates.

December 17, 2009 by hussnain news under Pakistan News ISLAMABAD: Supreme Court of Pakistan on Wednesday declared null and void the controversial National Reconciliation Ordinance , describing it as  unconstitutional. In its short order the apex court declared the ordinance as invalid, terming unlawful, against the national interest and against at least eight articles of 1973 Constitution. In a late-night short order that ...

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Pakistan's Supreme Court Fearlessly Upholds the Federal Constitution AGAINST Pakistan President Zadari and the Ruling Party

2 hours ago ago from Malaysians Unplugged Uncensored

BREAKING NEWS FROM PAKISTAN !! 16 December 2009 In what has been billed as a verdict that may change the course of Pakistan's political history, the Pakistani Supreme Court on Wednesday declared the controversial National Reconciliation Ordinance (NRO) as against the Constitution, thus putting the PPP parliamentarians and cabinet members and President Asif Zardari in a quandary. The peak judicial body declared the controversial National ...

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Federal Preemption of State Consumer Protection Laws: Compromise Provisions in Financial Reform Bill Would Scale Back Existing Preemptions for Federally-Chartered Banks

19 hours ago ago from Global Financial Market Watch

By: David L. One of the most controversial subjects in banking law over the past decade has been federal preemption of state laws for federally-chartered banks (i.e., national banks and federal thrifts) and their operating subsidiaries. Under current law, regulations issued by the Office of the Comptroller of the Currency ( ) and the Office of Thrift Supervision ( ) preempt almost all state consumer protection laws for national banks and ...

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Fortune's Stanley Bing: Why Didn't the Enforcers Enforce?

21 hours ago ago from Huffington Post

USA Today reports this morning that "Federal prosecution of serious financial crime plummeted as the nation headed toward one of the worst economic meltdowns in U.S. history." The story then goes on to note that, according to government records, between 2003 and 2009 "the number of federal corporate fraud cases plunged 55%; securities fraud charges dropped 17%; and bankruptcy fraud cases fell by 44%." This, of course, on the heels of prior ...

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