Inside Trader: After lengthy deliberations, a Manhattan jury found hedge fund mogul Raj Rajaratnam guilty on all counts of conspiracy and securities fraud. He faces upwards of 15 years in prison, according to this story in sibling publication New York Law Journal.
Demjanjuk Guilty: In the latest chapter of a 30-year legal battle, a German court has just found John Demjanjuk guilty for the role he played in a Nazi death camp during the Holocaust. The 91-year-old former Ohio auto worker was sentenced to five years in prison, MSNBC reports.
Revolving Door: FCC commissioner Meredith Baker is leaving the commission to become a lobbyist for Comcast, just four months after voting to approve Comcast's merger with NBC Universal. The New York Times has the story here.
McCain on Torture: Former presidential candidate Sen. John McCain, also a former prisoner of war, writes today in The Washington Post that the capture and death of Osama bin Laden should not be used as vindication or justification for the use of torture in questioning detainees. "This is a moral debate. It is about who we are," the Arizona Republican wrote.