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Down Goes Another CEO for Options Timing
Add former Cirrus Logic, Inc. CEO David D. French to the lengthening list of chief executives fired over the timing of options grants, although the results of the internal investigation may portend considerable trouble for him with the government. Cirrus announced that it will have to take a $22-24 million hit from the improper options…
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Memo to U.S. Attorneys: Beware Who Is Calling
The Senate Judiciary Committee hearing on the dismissal of a group of United States Attorneys highlighted contacts with the federal prosecutors that call into question whether they may have been the target of political pressure to bring or speed up investigations of Democrats, or to not discuss the reason for their termination (a joint statement…
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SEC Freezes $3 Million in Market Manipulation Scheme
The SEC obtained an asset freeze on the U.S. based account of a bank in Latvia that the Commission alleged was part of a scheme to hack into the accounts of on-line brokerage customers and engage in a market manipulation scheme. The complaint (here) does not identify the defendants, and the U.S. District Court for…
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The Growing Libby Pardon Debate
The ink on the jury’s verdict in the I. Lewis Libby prosecution was hardly dry before the issue of whether President Bush should issue a pardon came to the forefront. The Wall Street Journal‘s print edition for March 7 has only two news stories on the Libby case, one primarily devoted to the pardon issue…
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What Happened to All the Secret Evidence at the Libby Trial
One of the issues that slowed the prosecution of I. Lewis Libby related to national security evidence that Libby sought to use at his trial. The procedures mandated by the Classified Information Procedures Act (CIPA) can be quite onerous, and just getting the necessary clearances for the defense lawyers can add months to a prosecution…
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Initial Thoughts on Libby Verdict
I. Lewis "Scooter" Libby was convicted of 4 of 5 counts. After 10 days of deliberation, an 11 person jury returned with convictions of obstruction of justice, false statements and perjury. Libby was found not guilty of one count of false statements. Some thoughts: 1. This is clearly a victory for the CIA. The government…
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Libby – Guilty
Libby – Guilty on 4 or 5 counts. More to follow. Indictment is here. (esp)
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Ebbers – Cert Denied
Bernard Ebbers sentenced to prison for 25 years, lost yet another possible hope for relief as the Supreme Court denied certiorari on his case today. The listing appears among a long list of cases denied cert. – 06-590 EBBERS, BERNARD J. V. UNITED STATES The petition for a writ of certiorari is denied. The Chief…
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Attorney Loses in Second Circuit on Forgery Case
The Second Circuit Court of Appeals affirmed the convictions of an attorney for "one count of corruptly obstructing a judicial proceeding, in violation of 18 U.S.C. § 1512(c)(2), one count of forging a judge’s signature, in violation of 18 U.S.C. § 505, and one count of making a false statement to a federal officer, in…
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Two Immigration Lawyers Indicted
A press release of the US Attorney’s Office for the Central District of California reports that "[a] federal grand jury in Los Angeles has indicted two attorneys with one of the West Coast’s largest immigration law firms on charges of filing fraudulent employment visa applications on behalf of foreign nationals, including some of the law…
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