PROGRESS ON ENRON LAWSUIT
The University of California, lead plaintiff for investors in the
Enron securities litigation, has asked the court to approve a settlement
with some of Enron’s former directors. Negotiated over the
last three months, the complex settlement would give the investor
class $168 million, consisting of $155 million in insurance proceeds
and more than $13 million in personal contributions of insider trading
proceeds by the directors. The settlement resolves litigation against
some Enron directors, but not those who face liability under the
fraud provisions of the Securities Act of 1934. There is no settlement
with defendants Ken Lay, Jeff Skilling, Andrew Fastow, Richard Causey
or Rick Buy. The agreement marks the fourth settlement in the case;
nearly $500 million has been recovered so far for the class. For
more details, go to www.universityofcalifornia.edu/news/enron.
NEW USE FOR SALIVA
Your saliva may one day be used to detect cancer. In a study using
the RNA in saliva, Jonsson Cancer Center researchers were able to
differentiate head and neck cancer patients from a group of healthy
subjects based on biomarkers found in their spittle. The results
could lead to new diagnostic and early detection tools. The study
used four RNA biomarkers to detect the presence of head and neck
cancer with 91% sensitivity and accuracy, said David Wong, associate
dean for research in the School of Dentistry, professor and chair
of the Division of Oral Biology and Medicine, director of the Dental
Research Institute and Jonsson Cancer Center researcher. The emergence
of nanotechnology, which allows scientists to manipulate materials
on an atomic or molecular scale, helped researchers uncover the
components of saliva, Wong said.
BE IN THE KNOW
Staff Assembly is hosting a Town Hall meeting open to all with
Chancellor Albert Carnesale Jan. 27 in the Ackerman Union Second
Floor Lounge. The chancellor will be discussing topics of interest
to the campus from noon to 1 p.m. Those planning to attend have
already submitted questions in advance. But if time permits, additional
questions will be taken from the audience. See //uclasa.chr.ucla.edu.
FRAT HOUSE SUSTAINS DAMAGE
A towering eucalyptus tree crashed down on the roof of the Sigma
Phi Epsilon fraternity house at 611 Gayley on Jan. 9. The storm
related mishap forced the evacuation of 40 people living there.
The house will remain red tagged until Los Angeles County building
inspectors can determine whether the building is safe to occupy.
Local firefighters helped students retrieve their books and clothing,
said Scott Carter, campus Greek adviser. Students have found temporary
lodging with other members living off campus and with alumni.
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