Court Upholds Ex-Impath President's Conviction

Law360, New York (August 16, 2007, 12:00 AM EDT) -- An appellate court has upheld the conviction of the former president of Impath Inc., who federal prosecutors are still hoping to jail for life on alleged securities fraud charges that led to the cancer company's bankruptcy and liquidation.

The U.S. Court of Appeals for the Second Circuit on Thursday denied Richard P. Adelson's appeal of his conviction on counts of conspiracy, securities fraud and filing false statements with the U.S. Securities and Exchange Commission. A New York district court sentenced him to three-and-a-half years in prison...
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