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Census of Law Professor Bloggers
This morning’s PrawfsBlawg has an interesting census of the current law professor blogging population. They report that 103 law professors currently blog; we have 24 law professors who blog as part of our Law Professor Blogs Network. PrawfsBlawg notes that of the 103 law professor bloggers, 80.6% (83) are male and 19.4% (20) are female. …
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Sentencing of John and Timothy Rigas Finally Set for June 20 (oops)
The sentencing of former Adelphia Communications executives John and Timothy Rigas will finally take place today June 20 before U.S. District Judge Leonard Sand. The father-and-son executives at Adelphia were convicted of multiple counts of securities fraud, bank fraud, and conspiracy in July 2004 related to the misuse of corporate assets for their own personal…
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More on the Recent Pardons
For those interested in the recent pardons granted by President Bush (see earlier post here), Doug Berman has posted some very interesting comments by Margaret Love on the Sentencing Law & Policy blog (here) discussing trends in the use of the pardon power. Ms. Love spent 20 years in the DOJ, and from 1990 to…
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Wal-Mart Steps Up Its Campaign Against a Former Executive
Wal-Mart removed Thomas Coughlin, a recently retired long-time executive, from its board in March after discovering that he allegedly obtained improper reimbursements for expenses from the company in an amount up to $500,000. Coughlin, a long-time friend (and hunting buddy) of Wal-Mart founder Sam Walton, asserted that the reimbursements were really for secret payments he…
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Delphi Rounds Up the Usual Suspects
Delphi Automotive seems to be establishing a tradition of finding a new accounting problem during its internal investigation and then firing a couple executives. In an 8-K filing (here), the company asserts that it plans to file its long-delayed financial reports by June 30, and its auditors have discovered problems in the reporting of sales…
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Did Prosecutors Try to Intimidate a Defense Witness at the Enron Broadband Services Trial?
The prosecution of five former Enron Broadband Services executives sometimes seems like the old saw about being an anesthesiologist: it’s 59 minutes of boredom and one minute of pure terror. The Enron Task Force’s one minute may have come on June 10, when a defense witness, Lawrence Ciscon, asserted that prosecutors called his attorney three…
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Overreaching By Prosecutors
The NYTimes has a story here, that speaks to prosecutions in white collar cases, specifically those by Spitzer’s office (although Arthur Andersen is lumped into the picture). It is a critical piece talking about overreaching by prosecutors. But is this something new? Is the use of the criminal system, in cases that perhaps should proceed…
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Ebbers Seeks Leniency in Sentencing
Former WorldCom CEO Bernie Ebbers submitted a brief to U.S. District Judge Barbara Jones seeking leniency in sentencing so that the court does not sentence the 63-year old to what would be a life term. Among the reasons for seeking a shorter sentence cited by the defense are Ebbers’ devotion to his family, history of…
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Citigroup Settles Enron Investor Suit for $2 Billion — Is J.P. Morgan Chase Next?
Citigroup is heading into Everett Dirksen territory with its settlements in securities fraud actions. It paid $2.58 billion to settle with WorldCom investors, and now it has agreed to pay $2 billion to Enron investors to settle claims related to the company’s work on behalf of the now-bankrupt energy giant. Among the investment banks that…
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Lawyers & RICO
The ABA e-journal has a post here discussing a civil RICO case against two lawyers. RICO, through 18 U.S.C. s 1964, has civil provisions that allow civil litigants to bring RICO actions and if successful receive treble damages and attorney fees. But there is a stumbling block, namely the Reves case, when someone tries to…
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