(Updates with reaction)
Jump to full article: SmartMoney, 2009-05-26
Author: Henry J. Pulizzi and Mark H. Anderson Of DOW JONES NEWSWIRES
Intro: President Barack Obama on Tuesday will name federal appeals judge Sonia Sotomayor as his choice to replace retiring Justice David Souter on the U.S. Supreme Court, an administration official said.
Obama will make the announcement at 10:15 a.m. EDT at the White House. . . .
On business matters, a legal analysis by Akin Gump's Scotusblog.com said Sotomayor was overturned by the Supreme Court in 2005 for an appeals court ruling that allowed a class-action securities lawsuit against Wall Street firms. But she also authored two opinions that barred the European Community from suing the tobacco industry under U.S. racketeering laws.
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