Kennedy’s Surgery: Sen. Edward M. Kennedy (D-Mass.) will undergo surgery this morning at Duke University to remove a lethal brain tumor doctors discovered last month. The surgery was scheduled to begin at 9 a.m. and is expected to last six hours, The Washington Post reports.
Money Laundering: The Supreme Court ruled against the government in two money laundering cases on Monday, making it more difficult for prosecutors to use a popular weapon for prosecuting money launderers, The Washington Post reports. The justices said in their unanimous decision, written by Justice Clarence Thomas, that a money laundering case cannot be proven merely by showing that funds were concealed while being transported. In a second case, Justice Antonin Scalia wrote that money laundering refers to profits of an illegal operation, not gross receipts. The court's 5-4 ruling is a narrow one opposed by law enforcement agencies.
Lawyers in Trouble: James Gansman, a former Ernst & Young former partner, and Donna Murdoch, an investment banker, were charged in U.S. District Court with conspiracy to commit securities fraud and 11 counts of securities fraud. Gansman and Murdoch are accused of participating in an illegal scheme to trade on seven separate potential merger and acquisition transactions that involved clients of Ernst & Young. The scheme earned them more than $390,000 in profits, The Associated Press reports via Law.com.
Baby Clothing Anti-Trust: A federal judge has refused to dismiss two antitrust suits that accuse Babies R Us of conspiring with a group of baby clothing manufacturers to set minimum resale prices in order to squelch competition from Internet retailers, The Legal Intelligencer reports via Law.com.