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Bank of America Corp directors rejected allegations by unhappy shareholders that their proposed $20 million settlement of litigation over the purchase of Merrill Lynch & Co was made "on the cheap" and was the product of collusion.

The Supreme Court agreed on Monday to decide how broadly to apply its two-year old ruling that immigrants have a constitutional right to effective assistance of counsel and must be told about possible deportation stemming from a guilty plea.

Former Liberian President Charles Taylor's war crimes conviction may be seen in some quarters as a victory for global justice, but a backlash against costly, lengthy international tribunals is also underway.