Case Collapsing: The New York Times reports that the sexual assault case against former IMF head Dominique Strauss-Kahn "is on the verge of collapse" as investigators have growing doubts about the credibility of his accuser.
Super PAC: The Federal Election Commission gave a green light yesterday to Comedy Central funnyman Stephen Colbert, who wants to create his own "super PAC," the Washington Post reports.
Death of a Death Penalty: A ban on the death penalty in Illinois goes into effect today, according to the Chicago Tribune. The remaining 15 prisoners on death row have been moved to other facilities.
New Guidelines: The U.S. Sentencing Commission voted yesterday to retroactively apply crack cocaine sentencing guidelines that would reduce sentences for certain offenders, the National Law Journal's Mike Scarcella reports.
Insider Sentencing: The New York Law Journal reports that a former lawyer with Ropes & Gray was sentenced yesterday to serve 2 1/2 years in jail for his role in an insider trading scheme.