Supreme Court blocks state stockholder class-action suits
The Supreme Court ruling 8-0 blocks state class-action suits by stockholders claiming fraud and misrepresentation to hold onto falling shares. Justice Stevens says allowing such suits would invite wasteful litigation though individual suits remain possible. Merrill Lynch victory rests on limits of collective action amid Spitzer probe findings.
MENTIONED IN THIS ARTICLE
John Paul Stevens
Court
Merrill Lynch & Co
New York
Eliot Spitzer
Abu Ghraib Dog Handler Convicted At Fort Meade
Sgt. Michael J. Smith, 24, of Fort Lauderdale, was found guilty at a court martial on six counts for torturing prisoners with his dog at Abu Ghraib. He conspired with a fellow handler to make detainees soil themselves and directed his dog to lick peanut butter off a male soldier’s genitals and a female soldier’s breasts. The sentencing hearing began as five charges carried up to 8 1/2 years. one of the six was dismissed as duplicative.
MENTIONED IN THIS ARTICLE
Fort Meade
Smith
Police foil Islamic Jihad bomb plot near Jerusalem highway
Israeli police chased a van carrying explosives near Latrun junction and arrested ten Palestinians linked to Islamic Jihad. A 15 pound bomb was seized and the group planned a self detonation in central Israel ahead of March 28 elections. Security forces extended West Bank Gaza closure through election day.
MENTIONED IN THIS ARTICLE
Latrun Junction
Israel
Jerusalem
Tel Aviv
West Bank
Gaza
Ilan Franco
Islamic Jihad
Hamas
White House calls for industry led chemical plant security rules
Homeland Security Secretary Michael Chertoff urged Congress to grant federal authority to approve or reject security plans for about 15 000 chemical facilities nationwide while leaving minimum standards to the industry. The proposal would rely on private auditors to review protections to avoid government micromanagement. Critics dismissed it as a toothless fix.
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Washington
Homeland Security
Michael Chertoff
Chertoff
Chemical Industry
Congress
Department
Homeland Security Department
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