Leading Thursday's corporations and securities law news, US Department of Justice lawyers have accused Bayou Management of fabricating wildly inaccurate financial results for the past seven years. Filing civil charges to freeze the hedge fund's assets, US Attorney David Kelly said that the company's auditing firm, Richmond-Fairfield Associates, was phony and that the fund had [...]

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Al Qaeda has claimed responsibility for the July 7 London bombings , according to a video broadcast Thursday afternoon on Arab television channel Al-Jazeera. The video included statements from al Qaeda second-in-command, Ayman al-Zawahiri, and Mohammad Sidique Khan, one of the suicide bombers in the attack. Khan said that the attacks were in response to [...]

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The UK government put forth a proposal Thursday that would give relatives of homicide victims the opportunity to have their voices heard at murder and manslaughter trials. Much like the current system in the US, family members of a victim will be able to speak out directly or through a lawyer prior to the sentencing [...]

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The European Commission on Thursday proposed new rules for the 25 European Union nations to set up common standards on immigration and asylum. Franco Frattini , vice-president of the Commission, said the goal was to have a uniform and transparent policy for returning people to their countries of origin. In the wake of the London [...]

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