US: Law and Regulation
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NEW YORK, May 17- Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase& Co cut off the bank's opponents from polling information.
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*National Futures Association takes stance on Corzine. CHICAGO, Feb 21- A key U.S futures-market regulator said on Thursday it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.
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ANCHORAGE, Alaska, Feb 21- Companies that use hydraulic fracturing to extract oil or gas in Alaska would have to disclose the chemicals they pump into the ground, notify everyone nearby and test water quality before and after they do it under new rules proposed by state regulators.
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Feb 21- European health regulators for a second time rejected a diet pill developed by Vivus Inc and said the obesity treatment would not be approved there unless the company conducts a large lengthy trial to prove its heart safety, Vivus said on Thursday.
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NEW YORK, Feb 21- Charles Schwab Corp. can ban its clients from bringing class-action lawsuits, a securities industry regulatory panel ruled Thursday in a sweeping decision that may be adopted broadly by U.S. brokerage firms.
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WASHINGTON, Feb 21- The top U.S. derivatives regulator on Thursday sought to fine the CME Group Inc and ban two former employees for life for leaking client data in a crackdown on the world's largest futures exchange.
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WASHINGTON, Feb 21- The top U.S. derivatives regulator charged the CME Group Inc and two former employees with disclosing non-public information about customer trades, saying it would seek fines and bans from the industry.
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NEW YORK, Feb 21- A regulatory panel fined Charles Schwab Corp $500,000 for attempting to limit arbitrators' ability to consolidate client complaints, but said Schwab could not be fined for restricting clients from participating in class-action suits against the brokerage firm.
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NEW YORK, Feb 21- Law firm Pepper Hamilton, which two weeks ago elevated former FBI director Louis Freeh to chairman, said on Thursday it had hired Larry Byrne, a former federal prosecutor and head of Linklaters' U.S. litigation department in New York, along with three other Linklaters lawyers.
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WASHINGTON, Feb 21- A leading U.S. oil industry group will petition the Supreme Court to take up a case over the Environmental Protection Agency's approval of higher ethanol blends for older cars, a source said on Thursday. The American Petroleum Institute will announce the petition in a call on Thursday, the source said.
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NEW YORK, Feb 21- American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.
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WASHINGTON, Feb 21- Commodities trader Cargill Inc has registered as a swap dealer with the U.S. derivatives regulator, a sign that new financial-stability rules have started impacting firms well outside Wall Street.
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LONDON, Feb 21- Shares in Italian biotech company Gentium plunged more than 40 percent after it failed to convince European regulators of the benefits of its most advanced drug candidate for a rare liver condition.
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*National Futures Association board to discuss ban. CHICAGO, Feb 20- A plan to ban Jon Corzine, the former chief executive of MF Global, from the futures industry for life for failing to protect the failed brokerage's customers faces an uphill battle at a key industry regulator.
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The FCC's proposal would open up for public use some of the airwaves now largely used by government entities, including the Pentagon and the FAA, for navigation, surveillance and other activities.
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Feb 20- Lockheed Martin Corp has agreed to pay $19.5 million to settle a securities fraud class-action lawsuit accusing the company of misleading investors about the prospects for its information technology division, according to court papers.
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*Europe revisits rules after breast, hip implant scandals. LONDON, Feb 20- One year on from a breast implant scandal that shook confidence in Europe's light-touch system for regulating medical devices, lawmakers and manufacturers are at loggerheads on ways to protect patients from shoddy products.
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Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China said on Wednesday.
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PRETORIA, Feb 20- A bail hearing for Paralympic track star Oscar Pistorius, accused of murdering his girlfriend, reopened in Pretoria on Wednesday. Pistorius told the court on Tuesday he shot model and law graduate Reeva Steenkamp through a locked toilet door at his home, thinking she was an intruder. Prosecutors are expected to call police investigators.
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NEW YORK, Feb 19- An offer by MacKenzie Capital Management LLC to buy 170 units from the owners of the Empire State Building has largely fizzled, according to regulatory documents filed on Tuesday. MacKenzie made the offer of $110,000 per unit to investors in Empire State Building Associates LLC in December.
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NEW YORK, Feb 19- David Einhorn's hedge fund has shown a "likelihood of success" if his legal attack against Apple Inc goes forward, a U.S. judge said, though he made no immediate ruling on fund's request to block a shareholder vote on a proxy proposal next week.