Patrolling the futures: regulators say Chicago's two big exchanges are slow to self-police. They say the feds are missing it

Article Abstract:

Regulators accuse the Chicago Mercantile Exchange and the Chicago Board of Trade of moving too slowly on implementing self-policing procedures, but the exchanges say the standards are vague and punitive. The govt's demands arose after the 1989 indictment of 48 traders and exchange workers for offenses even govt officials now admit were picayune. In pursuit of a system with no loopholes, the Commodity Futures Trading Commission hints it wants to see each trade captured electronically, ending the exchanges' present methods.

Securities and Commodity Exchanges, Security and commodity exchanges, Commodity Exchanges, United States, Laws, regulations and rules

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Trial by rumor rampant, say lawyers in Chicago; judges, lawyers and public officials are hiring counsel to fend off leaks to media

Article Abstract:

Chicago judge and criminal defense lawyers are concerned about the erosion of fair trial rights due to media leaks. Some observers see the development of a local culture on the orchestration of such a leak, with both prosecutors and defense lawyers seeing the media coverage as part of their trial strategy. There are few reported cases in Illinois and elsewhere dealing with the subject, and those that do have trouble balancing the public interest in a fair trial with the attorney's right to free speech.

Chicago, Illinois, Free press and fair trial, Pretrial publicity, Right to fair and impartial trial

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Media fever scorches Chicago prosecutions; prosecutors trip over high-profile cases that draw intense scrutiny, win convictions on thin evidence

Article Abstract:

Chicago's media exerts unusual pressure on prosecutors there, and defense attorneys say that results in weak cases going to trial, sometimes repeatedly. Recent high-profile cases that ultimately collapsed include the one of David Dowaliby for kidnapping and murder, and of Rolando Cruz and Alejandro Hernandez, not starting or awaiting their third and fourth trials, respectively, for the same crime. Cook County state's attorney Jack M O'Malley has come under especially fierce scrutiny and criticism.

Publicity (Law), Right of publicity

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