Civil court cases

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IRDWOOD, ALASKA -- There is no shortage of reminders in Ted Stevens' hometown that the 84-year-old dean of Senate Republicans is running for reelection.
Along the road in Girdwood, an oversize campaign sign stands in front of a shop selling candles carved from crude oil into the shapes of bears and otters. Posters are staked into lawns of cabins that dot the yellow birch-filled hillsides. The only thing missing is Stevens -- who is spending seat time in a federal courtroom in Washington, where his corruption trial is unfolding.

The former directors of construction company James Hardie misled investors about their ability to meet their liabilities to compensate asbestos victims, a Sydney court has heard.
A NSW Supreme Court trial of 10 former James Hardie officials began on Monday in a Sydney courtroom packed with asbestos victims with their friends and families.
The Australian Securities and Investments Commission (ASIC) is pursuing civil penalties against the defendants, each of whom is facing maximum penalties of $200,000 and a possible ban from managing a corporation.
Opening ASIC's case, Tony Bannon, SC, said James Hardie executives, including former chief executive Peter Macdonald, bridged their obligations by issuing statements in 2001 claiming the company was able to meet all future compensation claims.
In one example, the company issued a statement to the Australian Securities Exchange (ASX) announcing the formation of its Medical Research and Compensation Fund (MRCF), in which it claimed the foundation had 'sufficient funds to meet all legitimate compensation claims'.
Mr Bannon told the court this 'unequivocal statement' came despite advice to the company that estimating the cost of future compensation liabilities was 'fraught with difficulties'.
In a report written for James Hardie in 1998 by a consultancy firm that spent two years researching asbestos-related compensation liabilities, the company was told that 'future predictions remain difficult'

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