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Calif. analyst pleads guilty in NY insider case
U.S. Court News |
2013/11/08 14:53
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A California financial analyst has pleaded guilty in New York, admitting he provided insider tips to an SAC Capital portfolio manager.
Sandeep Aggarwal admitted Friday that he provided the tips to the SAC employee and others about a blockbuster deal between Microsoft Corp. and Yahoo Inc. Investigators say the information pertained to a secret, pending search engine advertising partnership between the companies.
Aggarwal has pleaded guilty to conspiracy to commit securities fraud and securities fraud in Manhattan in a cooperation deal. The 40-year-old was arrested in July in San Jose, Calif.
Authorities say they had wiretap evidence from 2009.
Aggarwal told a magistrate judge he provided the tips to boost his standing as an analyst. He says he is "extremely sorry." |
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Italian court insists Berlusconi devised tax fraud
U.S. Court News |
2013/09/03 20:25
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Italy's supreme court is defending its decision earlier this month to uphold the tax fraud conviction of Silvio Berlusconi, saying the evidence was clear that the former premier devised a tax fraud scheme for the acquisition of film rights for his media empire.
The Court of Cassation released on Thursday a written document explaining its Aug. 1 decision, which upheld a Milan appellate court ruling that Berlusconi was guilty. The Cassation judges also upheld a four-year prison term and a ban on public office, although it ordered another court to establish the length of the ban.
The center-right leader says he's the victim of magistrates he contends sympathize with the left. His lawyers will be scrutinizing the 208-page document to try to bolster their claims that Berlusconi's rights were violated. |
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Ore. appeals court reverses sex abuse conviction
U.S. Court News |
2013/08/12 15:01
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The Oregon Court of Appeals has overturned the conviction of a man found guilty of sodomy and sex abuse after it ruled a lower court erroneously allowed a previous victim of his to testify.
Prosecutors said the previous conviction was necessary to show Javier Roquez knew what he was doing was a crime. Roquez's defense team said the conviction, from 2006, should have been inadmissible because it wasn't related to the new rape case.
Roquez was accused of raping a woman with whom he was having an affair in May 2010 in the Oregon city of Irrigon. According to the original police report, Roquez and the woman were each married to other people, and their families were friends.
The woman, who lived in Kennewick, Wash., decided to call off the affair, but said Roquez threatened to tell their spouses unless she would have sex with him a last time. During intercourse, the woman said she tried to leave but Roquez refused to let her go, despite her pleas, and said the sex turned violent.
A doctor later examined her and found evidence of sexual assault. Roquez was charged with one count of first-degree rape, one count of first-degree sodomy and two counts of second-degree sexual abuse. |
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Court says human genes cannot be patented
U.S. Court News |
2013/06/13 09:25
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The Supreme Court ruled Thursday that companies cannot patent parts of naturally-occurring human genes, a decision with the potential to profoundly affect the emerging and lucrative medical and biotechnology industries.
The high court's unanimous judgment reverses three decades of patent awards by government officials. It throws out patents held by Salt Lake City-based Myriad Genetics Inc. on an increasingly popular breast cancer test brought into the public eye recently by actress Angelina Jolie's revelation that she had a double mastectomy because of one of the genes involved in this case.
Justice Clarence Thomas, who wrote the court's decision, said that Myriad's assertion — that the DNA it isolated from the body for its proprietary breast and ovarian cancer tests were patentable — had to be dismissed because it violates patent rules. The court has said that laws of nature, natural phenomena and abstract ideas are not patentable.
"We hold that a naturally occurring DNA segment is a product of nature and not patent eligible merely because it has been isolated," Thomas said.
Patents are the legal protection that gives inventors the right to prevent others from making, using or selling a novel device, process or application. The U.S. Patent and Trademark Office has been awarding patents on human genes for almost 30 years, but opponents of Myriad Genetics Inc.'s patents on the two genes linked to increased risk of breast and ovarian cancer say such protection should not be given to something that can be found inside the human body. |
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