Former Cendant Chief Faces Third Trial

Law360, New York (October 9, 2006, 12:00 AM EDT) -- With two hung juries behind him, former Cendant Corp. executive Walter Forbes is facing yet another trial this week on charges that he participated in a $3 billion accounting scheme at the travel and real estate firm.

The third trial is expected to begin on Tuesday in U.S. District Court for the District of Connecticut.

Federal prosecutors have said that they are preparing to try Forbes for a third time after February’s mistrial. That was the second time in a little more than a year that...
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