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In the News
Russell Hubbard, Birmingham News, Scrushy must return to Birmingham to testify in civil suit, order says Paul Waldie, GlobeandMail.com, Black’s lawyers headed to court for ‘long-shot’ appeal Corporate Legal Times, Paul Weiss Adds Partner From SEC’s Enforcement Division DOJ Press Release – Former New York City Employee Indicted in Conspiracy to Commit Bribery (was a
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Former CEO and CFO of Broadcom Indicted
A DOJ press release tells that Henry T. Nicholas III, co-founder and former CEO of Broadcom, who also served as co-chair of the board of directors of Broadcom, and William Ruehle, the former CFO were indicted on charges that they allegedly engaged "in a stock-option backdating scheme that forced Broadcom to write-down $2.2 billion in
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Rezko Convicted
The press is reporting on the conviction of Antoin Rezko: Bob Secter & Jeff Coen, Rezko Convicted of Corruption Peter Slevin, The Trail Blog, Washington Post – Rezko Convicted of Influence Peddling Fox News, Rezko Convicted on 16 Counts in Corruption Trial Catrin Einhorn & Susan Sauley, NYTimes – Fund-Raiser Convicted in Illinois Bribery Scheme
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Government Has Second Thoughts in Siegelman/Scrushy Appeal
The government filed a Motion for Voluntary Dismissal of Government’s Cross Appeals in the case involving former Alabama Governor Don Siegelman and former CEO of HealthSouth Richard Scrushy. The cross-appeal had been premised on the sentences given to the pair – the government wanted higher. So why would the government drop this appeal. Some possibilities,
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AGA Medical Corp. Gets Deferred Prosecution Agreement on FCPA Matter
A DOJ Press Release reports that "AGA Medical Corporation (AGA), a privately-held medical device manufacturer, has agreed to pay a $2 million criminal penalty in connection with corrupt payments to Chinese government officials in violation of the Foreign Corrupt Practices Act (FCPA)." The 2 count Information filed by the government "charges AGA with one count
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Not Guilty for 2 Former CVS Vice-Presidents
W. Zachary Malinowksi over at Projo.com reports (here) on the not guilty verdicts entered against the two former VPs from CVS. Perhaps the most amazing aspect here is that the jury issued the verdict in 90 minutes. This is particularly noteworthy as one often does not find the quick verdict in white collar cases. And
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Scrushy Files Appellate Brief
Richard Scrushy, former CEO of HealthSouth, filed his appellate brief in the 11th Circuit Court of Appeals (for background see here) The 118 page brief is detailed, with key arguments focused on the following areas: No quid pro quo on the campaign contribution that is alleged to be related to an appointment & refusal by
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In the News – Fieger Acquitted; Weiss 30 Months; Brocade Pays; Another Fall From Abramoff
Attorney Geoffrey Fieger acquitted on all counts; another win for Gerry Spence – see here (Detroit Free Press); here (Jim Irwin, MLive.com (AP)); here (TalkLeft) Ashby Jones, Wall Street Jrl Blog, Mel Weiss Gets 30 Months in Prison Ashby Jones, Wall St. Jrl. Blog, Brocade Pays $160 Million to Settle Options-Backdating Suit DOJ Press
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Supreme Court Rules Against the Government in Two Money Laundering Cases
One would not normally think of money laundering in the same sentence as white collar crime, since one usually considers the money laundering statutes in the context of drugs or gambling. But the reality is that "[t]here are more than 250 predicate offenses for the money-laundering statute," (J. Scalia, Santos) and often one sees money
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In the News
DOJ Press Release – Florida Businessman Charged with Forging Correspondence Purportedly From Securities and Exchange Commission Attorney International Herald (AP) – Former Credit Suisse banker gets 10-year sentence DOJ Press Release – Lawyer Indicted on Wire Fraud and Money Laundering Charges for Stealing from Client Escrow Account (esp)
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