Ex-GE Execs Tell 2nd Circ. Bid-Rigging Charges Were Late

Law360, New York (November 19, 2013, 7:53 PM EST) -- Three former General Electric Co. finance executives convicted of municipal bond-related bid rigging asked the Second Circuit Tuesday to overturn their convictions, arguing that federal prosecutors brought their charges too late.

Because the government waited too long to indict the men, it adopted a legal theory that, if sanctioned, would let it effectively abandon statutes of limitations in certain white collar conspiracy cases, defense lawyers said at oral arguments before a panel of judges.

A jury convicted executives Steven Goldberg, Peter Grimm and Dominick Carollo of...
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