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Shareholders' Claims Against WorldCom Fail
In another ruling arising from the 2002 WorldCom bankruptcy, Southern District of New York Bankruptcy Judge Arthur Gonzalez has turned down plaintiff shareholders' claims against the company's former directors. What sets this decision apart is the judge's exploration of exactly what constitutes a derivative action and how it differs from a direct action.Aid Groups May Be Weapon in Terrorism Fight
In the war against terrorism, an idea that dates back to the Marshall Plan seems new again: Using humanitarian aid to foster democratic ideals in volatile regions can be a powerful weapon. "Part of the need right now is to strengthen governments," says Jim Bishop, director of disaster response at InterAction, a Washington, D.C.-based coalition of 165 humanitarian organizations.Judge Finds Method-of-Treatment Patent Invalid
A high-stakes patent case in New York may sharply curtail the use of a controversial type of biotech patent, significantly affecting the research, sales and patent rights of universities, biotechnology firms and drug companies. The University of Rochester alleges that several drug giants' manufacture and sale of two best-selling painkillers, Celebrex and Bextra, infringes upon the university's patented pathway to reduce pain.State AI Legislation Is on the Move in 2024
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