Corporations and securities brief ~ GE subpoenaed in federal reinsurance probe News
Corporations and securities brief ~ GE subpoenaed in federal reinsurance probe

[JURIST] Leading Monday's corporations and securities law news, General Electric Company [corporate website] has been subpoenaed by the US Attorney's Office for the Southern District of New York. In a press release issued Monday, GE said that the subpoena is part of an on-going government probe into the reinsurance and finite risk industry. AP has more.

In other corporatiions and securities law news…

  • Roger Blackwell [faculty profile], a professor at Ohio State University’s Fisher business school [official website], has been convicted of insider trading. Blackwell told friends about Kellogg Co.’s [corporate website] impending purchase of Worthington Foods Inc. while he was on the board of directors for Worthington. Blackwell faces up to 10 years in prison. AP has more.
  • As reported earlier on JURIST's Paper Chase, Adelphia [corporate website] founder John Rigas [Wikipedia profile] and his son Timothy have been sentenced for corporate fraud. The elder Rigas, 80 and stricken with cancer and heart problems, was sentenced to 15 years in prison. The younger Rigas, 49 and the ex-CFO of Adelphia, was given a 20 year sentence for his part in conspiracy, bank fraud and securities fraud. Bloomberg has more.
THIS DAY @ LAW

Republic of Ireland Act enters force

On April 18, 1949, the Republic of Ireland Act went into force, creating a republic in the state of Ireland. The Act repealed the Executive Authority Act, which had given governing authority in Ireland to the King of England.

Treason charges against poet Ezra Pound dropped

On April 18, 1958, treason charges against American poet Ezra Pound, first laid in 1943 in connection with his wartime broadcasts for the Italian Fascist government of Benito Mussolini, were dropped.

Read Jonas Doberman, The Treason Debate: Ezra Pound and his Rome Radio Broadcasts[PDF].

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