Former Enron executives Ken Lay and Jeff Skilling have been found guilty of conspiracy for their roles in the accounting fraud at the now-defunct energy giant.
The guilty verdict in the trial of former Enron executives Ken Lay and Jeffery Skilling may be the final nail in the coffin of the “ostrich” defense, experts say.
The conviction of former Enron executives Ken Lay and Jeff Skilling signals the end of an era, many legal experts believe. But some point to subtle signs that the government’s crackdown on corporate crime is only gathering steam.
Ken Lay's and Jeffery Skilling's legal odyssey is is far from over, as the former executives face sentencing and what is sure to be a lengthy appeals process.
Federal prosecutors continue to build their case against plaintiffs firm Milberg Weiss Bershad & Schulman, aided by yet another plea bargain in the ongoing probe into allegations that the firm and its partners paid kickbacks to lead plaintiffs.
Seven former executives of financial services company National Century Financial Enterprises have been indicted by an Ohio grand jury for allegedly scamming investors out of $3 billion.
Last week’s indictment of plaintiffs firm Milberg Weiss Bershad & Schulman sent shockwaves through the legal community. But experts say that while the charges mean big trouble for Milberg, class action litigation is likely to remain largely unaffected.
Federal prosecutors spent more than five years assembling the indictment of plaintiffs firm Milberg Weiss Bershad & Schulman and two of its former partners, and it shows. The 105-page complaint includes pages of minute details outlining the kickback scheme allegedly carried out at the firm.
The first sentences have been handed down in the government’s ongoing campaign against pre-release music piracy, with three defendants pleading guilty to conspiracy to commit copyright infringement.
Plaintiffs firm Milberg Weiss Bershad & Schulman and former partners David Bershad and Steven Schulman have been indicted by a federal grand jury for allegedly paying kickbacks to lead plaintiffs in nearly 150 class action suits.
After months of testimony and years of speculation, the fate of former Enron executives Kenneth Lay and Jeffrey Skilling will soon be decided. And just as the downfall of Enron has become the symbol of the era of corporate scandal, the verdict in this case may come to exemplify the government’s success—or failure—in addressing corporate crime.
Broadening a nine-month long investigation into an insider-trading scandal involving employees of investment banks Merrill Lynch & Co. Inc. and Goldman Sachs Group Inc., federal prosecutors have nabbed a postal worker for tipping two former investment bankers about a grand jury’s accounting fraud probe of Bristol-Meyers Squibb Co.
Attorneys for former Qwest Communications chief executive Joe Nacchio are moving for a change of venue if the judge refuses to drop insider trading charges against the fallen executive, saying he cannot get a fair trial in Denver because he is “among the most reviled figures” in the city’s recent history.
In a new strategy, attorneys for former Qwest Inc. chief Joseph P. Nacchio are accusing the government’s attorneys of improperly influencing a grand jury before it indicted the fallen executive.
Another trial for former HealthSouth Corp. chief Richard M. Scrushy got underway Monday, with the U.S. Attorney’s Office hoping to jail the fallen executive over $500,000 in alleged government bribes.
A probe into allegations of kickbacks paid to lead plaintiffs by law firm Milberg Weiss Bershad Hynes & Lerach has yielded its first plea bargain, which has brought new charges to light of payment arrangements between the firm and several of its lead plaintiffs.
After two years of scrutiny by the U.S. Department of Justice into bid-rigging within the fur industry, the former vice president of Alaska Brokerage International Inc. is facing trial next week over allegations that he collaborated with others to rig bids at a Seattle fur auction in 2004.
The former chief financial officer of Patterson-UTI Energy Inc., who was accused of embezzling $77 million, has pled guilty in federal court, joining the litany of energy company executives that have been indicted for fraud.
Law firm Baker & Hostetler has been appointed by the Department of Justice to monitor Bank of New York, as part of the $38 million settlement over allegations of money laundering reached last fall.
As the number of U.S. district court cases continue to pile up against the $60 billion air cargo industry over alleged collusion into price-fixing surcharge fees, progress toward trying the cases in court is proving to be slow-going.