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Wal-Mart Exec Pleads
Looks like former Wal-Mart executive Tom Coughlin entered a guilty plea. (see AP here). The plea will be to wire fraud and tax charges. Peter Lattman over at The Wall Street Journal blog here tells of a statement issued by Couglin’s attorneys, William Taylor and Blair Brown of Washington D.C.’s Zuckerman Spaeder. For background on…
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The Attorney Client Privilege Issue
The attorney-client privilege waiver issue has been a hot topic in the corporate arena with corporations being asked to provide these waivers to secure a deferred prosecution agreement. (see posts here and here) Back in September, the Sentencing Commission announced that one of its priorities would be to re-examine this provision and what follows is…
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Skilling and Lay – Selecting a Jury
It is becoming fairly common for judges to use jury questionnaires to screen for potential bias or other factors that warrant removing a person from the jury, so it was not surprising to see it used here in the trial of Ken Lay and Jeff Skilling. What perhaps is incredible is the speed in which…
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Round One- Bill Campbell Trial
Although Round One is not over, so far it sounds like the prosecution may be leading this round of the Bill Campbell trial. The Atlanta Journal Constitution reports here that a witness who lived in Campbell’s home testified to seeing the passing of money to Campbell. This type of direct evidence could be difficult testimony…
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Oral Argument in Ebbers Case
Bernie Ebbers has a lot riding on his appeal as he received a sentence of 25 years. (see here) He has been permitted to be free pending his appeal, and in large part this is because of the significant issues raised in this appeal. (see here). A panel of the second circuit, in oral argument,…
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Enron Playbill
The Enron Trial of Ken Lay and Jeffrey Skilling opens today. And it is likely that this trial, although perhaps at times it will be a sleeper, may be the biggest corporate trial of the year, and perhaps the decade. Like many of the recent trials, it places two top corporate executives on trial for…
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Roger Williams Medical Center Agrees to Deferred Prosecution Agreement
The Roger Williams Medical Center in Providence, Rhode Island, entered into a deferred prosecution agreement (document available below) with the U.S. Attorney’s Office to settle corruption charges. The hospital was charged, along with its former CEO and two officers (one of whom worked for a subsidiary), with funneling money to a Rhode Island state Senator…
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ChoicePoint Reaches Settlement With FTC
ChoicePoint reached a settlement with the FTC in which it will pay 15 million dollars, although according to the St Pete Times (AP) here, the SEC may still be investigating activity related to the sale of company shares by individuals associated with the company "after the company learned of the data breach but before it…
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What’s Happening at Guidant
According to Forbes (AP) here, an attorney who represents some individuals in a suit against Guidant has been ordered by DOJ to turn over some of his notes obtained in preparing his case the company. (esp)
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Is the Fourth Time the Charm for Martin Armstrong to Get Out of Jail?
Martin Armstrong was charged with a multimillion dollar securities fraud through his firm, Princeton Economics International Ltd., back in 1999. U.S. District Court Judge Richard Owen ordered Armstrong to turn over certain assets and evidence that a receiver for the firm alleged he was hiding, and when Armstrong said he did not have the items,…
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