Recent Updates
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SEC Charges Merrill Lynch with Securities Violations
National News 02/02/2009The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith, Inc. and two of its former investment adviser representatives with securities laws violations for misleading pension consulting clients about its money ma...
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Wyeth Shareholders Reluctant to Pfizer Sale
National News 01/28/2009Wyeth shareholders say the company is selling itself too cheaply to Pfizer - for $68 billion, or $33 for each Wyeth share, plus 0.985 of a Pfizer share. The federal class action claims that in the deal, announced Monday, Pfizer is taking advantage of...
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Missing Fla. hedge fund manager turns himself in
National News 01/27/2009A Florida hedge fund manager who disappeared this month just as he was due to pay investors $50 million turned himself in to authorities Tuesday to face federal securities and wire fraud charges.Arthur Nadel, accompanied by two attorneys, surrendered...
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Sludge company's ex-representative pleads guilty
National News 01/27/2009A former representative of a Texas company pleaded guilty Monday to federal bribery conspiracy, admitting a multiyear scheme to win a sludge recycling contract through cash and trips for Detroit officials.Jim Rosendall's cooperation with the FBI led ...
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Judge gives $65M to USS Pueblo Captives
National News 01/02/2009A federal judge in Washington, D.C., ordered North Korea to pay $65.85 million to two crew members of the USS Pueblo, the commander's widow and a civilian oceanographer for kidnapping and torturing the ship's crew in 1968. In a sordid 3...
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Court: No obligation for company to give teen drug
National News 12/17/2008A pharmaceutical company does not have to provide an experimental drug to a Minnesota teen who is terminally ill with a rare form of muscular dystrophy, a federal appeals court ruled Tuesday in reversing a lower court decision.The ruling by the U.S. ...
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2nd suspect arrested in Oregon bank bombing
National News 12/16/2008Two law enforcement officers killed in a bank bombing last week believed the device was a hoax and were trying to open it when it exploded, according to court documents released on Tuesday.A probable cause statement in the case of bombing suspect Jos...
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States increasingly put criminal records online
National News 12/15/2008Worried your daughter's new boyfriend might have a nefarious past? Want to know whether the job applicant in front of you has a rap sheet?Finding out can be a mouse click away, thanks to the growing crop of searchable online databases run directly by...
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Financially 'struggling' gov had big legal bills
National News 12/12/2008Rod Blagojevich is the third-highest-paid governor in the country, but you wouldn't know it from conversations recorded by federal authorities.He is heard on six weeks of recordings saying he is "struggling" financially, even though he makes $177,412...
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Obama legal team meets with anti-torture generals
National News 12/03/2008A dozen retired generals met with President-elect Barack Obama's top legal advisers Wednesday, pressing their case to overturn seven years of Bush administration policies on detention, interrogation and rendition in the war on terror."President-elect...
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Court upholds $156M Palestinian terror verdict
National News 12/03/2008A federal appeals court has upheld a $156 million judgment against three Palestinian charities accused of bankrolling terrorism, but dropped a Chicago man from the long-running civil suit.The opinion was filed over the killing by Hamas terrorists of ...
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Bally Total Fitness again files for Chapter 11
National News 12/02/2008Bally Total Fitness Corp. filed for Chapter 11 bankruptcy protection on Wednesday for the second time in less than two years, hindered by debt and limited refinancing options amid the credit crunch.The Chicago-based gym operator will use existing cas...