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Five Charged in H-P Pretexting Case
It took a few weeks from the initial assertion that a crime took place, but California Attorney General Lockyer’s office finally filed charges against five defendants in the Hewlett-Packard pretexting case, the most prominent being former chairwoman Patricia Dunn. The other defendants are former chief ethics officer Kevin Hunsaker, and outside investigators Ronald DeLia (Massachusetts),…
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One Heck of a Deposition
Bruce Carton on the Securities Litigation Watch Blog has an interesting post (here) calculating the cost of a pending deposition of former Enron CFO Andrew Fastow in the civil securities fraud lawsuit against a number of banks that advised the company and financed its deals. The deposition is expected to take two weeks (ten working…
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You Pick Up the Spinach
The U.S. Attorney’s Office for the Northern District of California announced that FBI agents executed search warrants at the plants of two Central Valley food processors in connection with an investigation of spinach from Salinas contaminated with E. coli. In September, over 200 people fell ill due to contaminated spinach, and one person died from…
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Legal Profession Blog
A new member of Paul Caron’s ever-expanding empire — could he be the Alexander the Great of the law blog world one day? — is the Legal Profession Blog (here). Its editors are S. Alan Childress of Tulane, Michael S. Frisch from the D.C. Bar and a PR teacher at Georgetown, and Jeffrey M. Lipshaw…
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Did Sonsini Receive Spring-Loaded Stock Options?
Silicon Valley superlawyer Larry Sonsini has been in the news a lot lately, most likely to his chagrin. His name surfaced in cases ranging from the Hewlett-Packard pretexting investigation — he serves as one of the company’s outside counsel and advised the board related to the internal investigation of its practices — to options-timing issues…
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Some HP Execs to be Indicted Today
The New York Times is reporting here that the California Attorney General is expected to file indictments today against several HP executives. The felony charges also are anticipated to be levied against a former lawyer at HP, a private investigator, and others. More will follow, but for background now on this case, see the following…
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Causey Sentencing
Richard Causey, former Chief Accounting Officer at Enron, has had his sentencing hearing moved from October 19, 2006 to November 15th. This means that Causey would be sentenced after Jeffrey Skilling who is presently set to be sentenced on October 23, 2006. (esp)
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Split Verdict In Alabama Bribery Case
It was not a good day for most of the defendants in the Alabama Sewer case as the former sewer chief Jack Swann, three businessmen and three companies were convicted in a conspiracy/bribery case. One executive was cleared of charges. Swann was found guilty of conspiracy, bribery, and mail fraud. He was found not guilty…
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Former FBI Agent Sentenced to Six Years
Former FBI special agent Jeffrey Royer received a six year prison sentence for his role in feeding information about pending criminal investigations of companies to Anthony Elgindy, who would then trade on the information. Royer and Elgindy were convicted on conspiracy and securities fraud charges, and Elgindy received a sentence of over eleven years. Royer’s…
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Kozlowski & Swartz Appeal
Former Tyco executives L. Dennis Kozlowski and Mark Swartz were sentenced to 8 1/3 years to 25 years in prison. (see here). According to the Wall Street Jrl here, they argued on appeal that their sentences were excessive. They also argued that the moneys they received were legitimate under their executive compensation plan. Although one…
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