3rd Circ. Affirms Slimmer Case Against Ex-BMS Exec

Law360, New York (April 7, 2010, 6:57 PM EDT) -- A federal appeals court on Wednesday upheld a 2008 ruling dismissing a bid by federal prosecutors to hold a former high-ranking official at Bristol-Myers Squibb Inc. criminally liable for omissions in quarterly regulatory filings based on alleged misstatements.

The ruling in favor of former Bristol-Myers CFO Frederick Schiff in the U.S. Court of Appeals for the Third Circuit is sure to make waves in white collar criminal defense and law enforcement circles because the case is seen as a test for the possible expansion of the...
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