Revamping Justice: Mexico’s Senate passes a massive overhaul of the country’s criminal justice system, according to The New York Times.
No More Privilege: The Recorder reports that six former outside attorneys for Qualcomm are allowed to break attorney-client privilege to defend their roles in the botched discovery during Qualcomm's patent fight with Broadcom.
Trouble: Carlyle Capital Corp., a financial fund that’s managed by the Carlyle Group, faces more margin calls as its high-rated holdings in mortgage-backed securities have been devalued. U.S. stock exchanges have not taken the news well, falling around two percent yesterday.
Golden Parachute: The chief executives of three financial institutions will testify before the House Oversight and Government Reform Committee today over why they received large payouts while their shareholders lost billions in the credit crisis.