Get Em: In several memos penned last week, the co-chair of Wachtell, Lipton, Rosen & Katz’s executive committee said regulators should take definitive actions against short sellers and implement a comprehensive review of the credit default swap (CDS) market in the hope of staving off a wider Wall Street crisis, The American Lawyer reports via Law.com.
Conspiracy of Food: Federal prosecutors have opened criminal probes into potential price-fixing by major egg producers and California tomato processors, The Wall Street Journal reports. The investigation is the most recent to pry into alleged collusion in food and agriculture.
Kicking and Screaming: A military judge yesterday ordered Ramzi Binalshibh, a Guanténamo Bay detainee charged in the Sept. 11, 2001, attacks, brought to court by force if necessary, after he refused to leave his cell to attend a hearing in his case, The Washington Post reports.
Stepping In: Attorney General Michael Mukasey yesterday vacated a decision by a federal immigration board that had denied asylum for a Malian woman who said she feared genital mutilation and forced marriage to a first cousin if she were returned to Mali, The New York Times reports. Women’s and human rights groups had sought Mukasey’s intervention. The decision sends the case to the Board of Immigration Appeals for reconsideration.
Tapped: A telephone conversation secretly recorded by federal investigators between two businessmen discussing Sen. Ted Stevens of Alaska could prove crucial evidence in his trial, The Los Angeles Times reports.
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