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Scrushy Update- What happens When a Jury Can’t Remember Everything
Looks like the deliberations in the Scrushy trial continue. There has been only one note to the judge since our last post here – – with the judge responding by refusing to play back specific testimony from the trial. For details, see AP story in Birmingham Alabama News here. The AP story in Birmingham Alabama…
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Operation Digital Gridlock Ends
A Press Release here of the Department of Justice (DOJ) tells of the final defendant pleading guilty in what has been called Operation Gridlock. This investigation "targeted illegal file-sharing of copyrighted materials over Direct Connect peer-to-peer networks that belonged to an online group of hubs known as The Underground Network. These networks required their users…
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That Other Southern Case Has Jury Deliberating
Like the Scrushy case, the case of former Georgia state senator Charles Walker is also deliberating. This case, with a 142 count indictment, began on May 23rd (see Atl Jrl Const. story here). And like so many white collar cases, a key issue for the jury is whether the accused had a criminal intent or…
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Another Appellate Reversal
What little remains of Arther Andersen LLP was not the only victor in the appellate courts yesterday. Daytime television Judge Glenda Jackson’s decision in Amanda Robinson v. Maria Bristow, first aired on April 12 and resulting in an award to Robinson of $2,000 for faulty hair care services, was reversed by Judge Joe Brown. According…
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Khodorkovsky Sentenced
Mikhail Khodorkovsky, the former controlling shareholder of erstwhile Russian oil giant OAO Yukos, finally received his sentence after a Russian court spent ten days reading its decision. He was sentenced to nine years in prison for fraud, tax evasion, and embezzlement, and ordered to pay $613 million back taxes and fines (see International Herald Tribune…
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Smith Barney Earned Money the Old Fashion Way — They Defraud Investors For It
The old John Houseman commercials for Smith Barney were classic examples of branding, using a catchy slogan ("They make money the old fashion way. They earn it!") to establish an identity for a firm engaged essentially in commodity transactions. The SEC filed an action against the firm and its parent, Citigroup, for engaging in self-dealing…
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2 New Blogs Join Law Professor Blogs Network
We are pleased to announce the launch of two new blogs as part of our Law Professor Blogs Network: Business Law Prof Blog (Dale Oesterle (Ohio State)) Elder Law Prof (Anne Kimberly Dayton (William Mitchell)) These blogs join our existing blogs: AntitrustProf Blog (Shubha Ghosh (SUNY Buffalo)) ContractsProf Blog (Carol Chomsky (Minnesota) & Frank Snyder…
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Not Every Southern White Collar Case Moves Slowly
Co-blogger Professor Peter Henning previously remarked on the slowness of the Scrushy case and now on the easy hours that the jury is working (here). Not all southern white collar cases proceed this way. James Salzer of the Atlanta Journal Constitution reports here on the ongoing trial of former state Sen. Charles Walker, who he…
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Medco Fights Subpoena
While companies are usually quick to tout their willingness to cooperate with government investigations, every once in a while a corporation resists producing records. Medco Health Solutions, Inc., the pharmacy benefits management company that was spun out of Merck, has refused to provide documents subpoenaed by the Department of Health and Human Services’ Office of…
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The SEC’s Internal Control Weakness
Bruce Carton on the Securities Litigation Watch blog discusses (here) the recently released General Accountability Office’s first annual audit of the SEC, including its comment on the Commission’s internal controls shortcomings. The post quotes from a San Jose Mercury-News story noting the rather delicious irony of the SEC’s internal control problems in the new world…
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