Word: bails
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...most important criminal law rulings of the decade, the U.S. Supreme Court has given a new twist to the first axiom of American justice, that the accused is presumed innocent until proved guilty. In a 6-3 decision last week, the court upheld the controversial 1984 Bail Reform Act, by which Congress authorized the "preventive detention" of some federal suspects. For many years federal judges were forbidden to deny bail in most cases, except when there was reason to believe that a defendant might flee before trial. The new law has permitted those judges to refuse bail to thousands...
Eventually, though, a recurring flaw in Post's codes was picked up by a bank's computer. Charged with fraud, Post skipped out on $25,000 bail in Manhattan. He is still at large...
...hammer. "It was suggested," says her father Paul bitterly, "that she was a manipulative, rich, spoiled person who didn't treat this lovely man who murdered her nicely." Garland, a New York attorney, is working for the spread of legislation that gives victims the right to a voice at bail hearings and with the prosecution before a plea bargain is accepted. "I've told Jennifer's survivors that they can expect further desecration of her memory," he says...
...colleagues on Wall Street were doing, the Merrill Lynch trader seemingly gambled on a go-for-broke strategy. Without his employer's permission, he plunged in deeper, buying up $800 million more of the securities in the hope that an interest-rate turnaround would bring enough profits to bail out all his losses. His wager failed spectacularly. When Merrill Lynch announced the episode last week, the firm estimated its losses at $250 million, possibly the largest single trading deficit in Wall Street history...
...four former teachers were dropped because of insufficient evidence. The five, who are pursuing a joint $50 million defamation and negligence suit, claim their lives were ruined. "It cost us our home," says Betty Raidor, 67, who spent three months in jail until she could make the $750,000 bail. "They pushed the panic button and went on a witch-hunt...