Former MCA CEO Loses Bid To Retract Guilty Plea

Law360, New York (January 8, 2007, 12:00 AM EST) -- The former head of fallen Detroit-area mortgage firm MCA Financial Corp. has suffered another blow in his attempt to withdraw a guilty plea for his role in the largest securities scandal in Michigan history.

The U.S. Court of Appeals for the Sixth Circuit ruled in a decision handed down on Jan. 5 that a district court did not commit reversible error in rejecting Patrick Quinlan's request to withdraw his guilty plea or in sentencing him.

Quinlan, who served as MCA’s former chairman and chief executive from...
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