U.S. Drops Case Against Last Nigerian Barge Defendant

Law360, New York (September 16, 2010, 1:56 PM EDT) -- The U.S. government has dropped its bid to retry a former Merrill Lynch executive for his role in the Nigerian Barge scandal, a chapter in Enron's fiery collapse, just days before the retrial was set to begin.

The U.S. Department of Justice on Wednesday filed a motion in the U.S. District Court for the Southern District of Texas to dismiss criminal fraud and conspiracy charges against James A. Brown, the former chief of Merrill Lynch's Strategic Asset and Lease Finance Group, with the trial set to...
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