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Phone taps, FBI surveillance, confidential informants - it's the stuff of major mafia investigations and Law & Order reruns. But they're also the tactics used by federal authorities against a slew of dark-suited desk jockeys accused in Wall Street's largest insider-trading scandal in decades. Authorities say billionaire hedge-fund manager Raj Rajaratnam, founder of the Galleon Group, and 19 others illegally used secret information about public companies to inform investments that yielded some $60 million in profits over the past several years. The defendants, who also include traders, lawyers and executives at firms such...
...case involved Tim Nicholson, 42, who was laid off last year from his job as head of sustainability at Grainger Plc, Britain's largest residential-property company. Nicholson contended he was laid off because his views on the environment were not shared by Grainger executives, and he sued the company for unfair dismissal under Britain's six-year-old Religion and Belief Regulations, which make it unlawful to discriminate against a person on the grounds of their religious or philosophical beliefs. Grainger argued that Nicholson's climate-change convictions did not qualify for protection under...
...legislation proposes billions to repair and protect the largest estuary on the West Coast. The twin goals of the legislation are a massive restoration of the Delta's ecosystem, a project akin to saving the Everglades in Florida, and a new modern conveyance system to move water through the Delta and around the state with conservation and efficiency. It is an intricate one as well because the giant pumps that speed water to state and federal aqueducts have played a part in bringing the Delta to the verge of ecological collapse in the first place...
...Homeland Security before his checkered past caught up with him. On Thursday, Nov. 5, the gruff, muscle-bound 54-year-old pleaded guilty to tax fraud, making false statements and other felonies in a federal courthouse in suburban New York. The man who once oversaw the nation's largest municipal jail system - and whose name once adorned a New York correctional center - now faces more than two years behind bars. (Read "Rudy Giuliani's Kerik Problem...
Soldiers nursing the mental and emotional scars of war have overwhelmed the central Texas base, the Army's largest. Cases of posttraumatic stress disorder quadrupled from 2005 to 2007, and PTSD affects even those - like Hasan - who haven't gone off to war. "Mental-health issues are a real problem for the Fort Hood population," an Army study concluded last year. "Soldiers don't live in a vacuum," it added, noting that they have "families and friends who are also affected by the trauma the soldiers experience...