2nd Circ. Rebuffs Feds' Legal Theory In GE Bid-Rigging Case

Law360, New York (December 9, 2013, 1:45 PM EST) -- A divided Second Circuit on Monday explained its recent decision to reverse the municipal bond bid-rigging convictions of three former General Electric Co. officials, ruling prosecutors had improperly characterized the alleged scheme as a continuing conspiracy to evade the statute of limitations.

In a precedential 2-1 opinion, the appeals court fleshed out its Nov. 26 decision to nix conspiracy charges against Steven Goldberg, Peter Grimm and Dominick Carollo. The three former GE executives were accused of paying kickbacks to brokers as part of a scheme that...
To view the full article, register now.