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New Acting Deputy Attorney General Appointed
A press release of the Department of Justice reports that Craig S. Morford was appointed to the position of Acting Deputy Attorney General at the Department of Justice, with the position to begin when Deputy Attorney General Paul J. McNulty departs the office. McNulty had announced his plans to leave the office during the summer.…
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Dow Jones Director Under SEC Civil Scrutiny
Washington Post – Dow Jones Director Under SEC Probe New York Times – Dow Jones Director is Said to face S.E.C. Inquiry (esp)
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Trial Set for Remaining Three in KPMG Related Case
The three defendants in the KPMG related case, who were not dismissed from the government’s case as a result of Judge Kaplan’s recent ruling, now have a trial date according to the Wall Street Jrl. here. (esp)
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Five Year Anniversary of the Corporate Fraud Task Force
Yesterday marked the fifth anniversary of the Corporate Fraud Task Force and the DOJ celebrated by releasing its report card. And by reading their press release it looks like they received "A"s in every course. Statistically they report: "1,236 total corporate fraud convictions to date, including: 214 chief executive officers and presidents; 53 chief financial…
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Subpoena to Protect “Harry Potter and the Deathly Hallows”
Various newspapers report that Scholastic Corp., the publisher of the forthcoming book"Harry Potter and the Deathly Hallows," needed to obtain a subpoena to find the source of leaks of the upcoming book. (For details see, e.g., Chicago Tribune (Bloomberg), Washington Post and Wall Street Jrl). But whether the material allegedly posted online is the true…
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What Are Others Saying About the KPMG Related Dismissals
Washington Post here. New York Times here. LATimes (AP) here. Wall Street Jrl here. Ideoblog here. Appellate Law & Practice here Some others are listed on TaxProfBlog here. Martin S. (Marty) Pinales, president of the National Associationof Criminal Defense Lawyers (NACDL), issued the following statement: "Whenever the government uses underhanded tactics or coercion to drive…
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Boeing to Pay One Million
A press release issued by the US Attorney’s Office in Kansas states that "The Boeing Company has agreed to pay the United States more than $1 million to settle allegations that it improperly billed for materials used to install new engines in KC-135 aircraft." The press release further states that "Boeing alleged that the transfer…
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Commentary on Recent Dismissal of KPMG Defendants
Judge Kaplan dismissed the criminal cases of 13 (see here). Some commentary – The government asked for this dismissal – perhaps in part to move the case to the Second Circuit faster. Because the government could not contest the judge’s initial decision, as it would be in an interlocutory stage, the dismissal was a way…
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Judge Kaplan’s Decision to Dismiss 13 in KPMG Related Case
Hon. Lewis Kaplan issued a 64-page decision dismissing 13 of the individuals accused in an action tied to KPMG. He stated, "[t]he Court concludes that three of the defendants have not established that KPMG would have paid their defense costs even if the government had left KPMG to its own devices. The indictment therefore will…
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Where’s the Milberg Weiss Case Headed
The cooperation of former Milberg Weiss partner David Bershad most likely will lead the firm to negotiate a quick resolution of the criminal charges, so the issue becomes whether any other current defendants will cooperate and if the case will be extended to others who worked at the firm, such as Melvyn Weiss and William…
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