Cendant Jury Hangs Again In Retrial Of Former Exec

Law360, New York (February 10, 2006, 12:00 AM EST) -- For the second time in a little over a year, another jury has deadlocked in the fraud trial of former Cendant Corp. executive Walter Forbes, with jurors unable to reach a unanimous verdict on charges that he participated in a $3 billion accounting scheme at the travel and real estate firm.

A mistrial was declared this week by U.S. District Judge Alvin Thompson after the eleven-member jury failed to agree after nearly a month of deliberations on four counts against the former chairman. Earlier this week,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.