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Goldman Faces Myriad Legal Challenges

Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.
An employee rides her bike past a logo next to the main entrance of the Google building in Zurich

Google Pays DOJ $500 Million for AdWords Ordeal

Google has paid the DOJ $500 million for allowing Canadian pharmacies to place advertisements on its Adwords program, thus helping them get revenue from the illegal transfer of drugs to the U.S.
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Former New York governor Spitzer speaks at the Reuters Global Financial Regulation Summit in New York

Spitzer Sued for Libel Over His Slate Column

Former New York Governor Eliot Spitzer was hit with two libel lawsuits seeking $90 million by former Marsh & McLennan Cos executives over a column posted on Slate.com about an insurance bid-rigging scandal.
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Virginia Executes Man for Raping and Killing an Elderly Woman

A Virginia man convicted of raping and killing an elderly woman in her Williamsburg apartment 10 years ago was executed on Thursday by lethal injection, becoming the state's first inmate put to death using a new three-drug mixture. Jerry Terrell Jackson, 30, was pronounced dead at 9:14 p.m. Officials used the sedative pentobarbital as the first of three drugs administered in lethal injections.
Facebook Beats Apple as ‘Worst Dress’ in Silicon Valley, Zuckerberg MVP

Facebook Lawyers Prove Ceglia's Contract Was Fabricated: Court Filing

Paul Ceglia, the wood pellet salesman from New York claiming he was a founder of Facebook along with Mark Zuckerberg, filed a lawsuit against Zuckerberg in 2010, alleging that they have signed a contract in 2003 that entitled Ceglia to half the company. A court filing on Monday suggests that an authentic contract found embedded in electronic data on Mr. Ceglia's computer did not mention Facebook at all. All it had was a company called Street Fax that Mr. Ceglia reportedly owned.
Elizabeth Warren

Consumer advocate Warren to decide Senate run soon

Former Obama administration official Elizabeth Warren will make a decision after Labor Day on whether to run for the U.S. Senate in Massachusetts against Republican incumbent Scott Brown, a Massachusett Democrat assisting her said on Thursday.
A man holds a U.S. flag while others pause for a moment of silence to pay their respects at the site of the former Twin Towers in New York

U.S. seriously probing News Corp 9/11 hacking report

Attorney General Eric Holder will reassure families of September 11 victims when he meets them later this month that the Justice Department is seriously investigating allegations that News Corp reporters tried to hack victims' phones.
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U.S. Credit Downgrade: Is S&P Reliable?

The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.
Warren Jeffs

Polygamist Warren Jeffs Convicted, Faces 119 Years

A Texas jury convicted Warren Jeffs, the controversial figure of a fundamentalist Moron church, on child sexual assault late Thursday, ending a case that sprang open when his compound was raided and more than 450 children were taken by the police in 2008.

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