The Securities and Exchange Commission said Thursday that it will challenge a federal judge’s rejection of the agency’s $285 million fraud settlement with Citigroup. The agency is asking an appeals court to overturn the decision by U.S. District Court Judge Jed S. Rakoff in Manhattan. In rejecting the deal, Rakoff argued that the penalty amounted to mere pocket change for Citigroup and that he had no basis to assess whether it was appropriate because the firm neither admitted nor denied wrongdoing. Read full article > >

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SEC to appeal federal judge’s rejection of Citigroup deal

Police will decide this week whether to investigate a claim, denied by Chris Huhne, that he asked someone to take his penalty points for speeding.

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MP makes Huhne police complaint

Imagine being accused of a crime you did not commit, a crime so serious that the penalty was capital punishment. Naturally, with your life at stake, you would want the best attorney possible, someone who would stand with you and fight for justice. Among other things, your attorney would tell you that our criminal justice system required the prosecutor to prove you had committed the crime. read more

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If Only Employees Enjoyed the Same Rights as Criminals

A life sentence without parole was commuted in Michigan, but after learning of a family’s objections, Gov. Jennifer Granholm restored the penalty.

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Victim’s Kin Heartened by Reversal of Clemency

Sir Alex Ferguson pays tribute to Wayne Rooney for his “courage” in taking the penalty that helps Man Utd to a 1-0 win over Rangers.

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Ferguson praises ‘brave’ Rooney

In the penalty phase of a triple-murder trial, a doctor testifies that Steven J. Hayes said he had a “persistent desire to die.”

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Defendant in Triple-Murder Case Is Called Suicidal

Proceedings are expected to continue Tuesday in the penalty phase of Steven Hayes’ trial.

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Jury weighs death in Petit killings case

Liverpool’s Joe Cole takes the blame for the penalty miss which left the Reds with only a narrow 1-0 lead over Trabzonspor in their Europa League qualifier.

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Cole apologises for penalty miss