Skilling Ruling Dooms Hospital Bribery Case: Contractor

Law360, New York (April 18, 2011, 6:17 PM EDT) -- A contractor sought to beat charges Friday in New York that he paid kickbacks to New York Presbyterian Hospital administrators, arguing his actions no longer constituted a federal offense since the U.S. Supreme Court limited the honest services fraud statute.

Michael Yaron, who allegedly received more than $42 million in NYPH contracts, claimed prosecutors failed to allege that he forged a quid pro quo with hospital administrators, or that his payments fit the strict definition of a kickback — both requirements under the high court’s ruling...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.