Last March, a federal prosecutor in Utah overseeing a racketeering case against a dozen members of the Soldiers of Aryan Culture received a chilling threat. “You stupid bitch!” the letter to the assistant United States attorney, who is an African-American woman, began. “It is because of you that my brothers are in jail.” The letter […]
Sony Corp. on Monday said it was ordered by a U.S. federal court to halt U.S. sales of its PlayStation game consoles and pay nearly $91 million in patent infringement damages to a California company, although the judge immediately put her ruling on hold. The stay in the case means Sony will not actually have
Liquidators to Independent Insurance yesterday said they would sue the collapsed company’s former auditors for a sum thought to be in the region of £300m. Price WaterhouseCoopers liquidators Mark Batten and Dan Schwarzmann said they had served particulars of claim against KPMG and that the claim was based on alleged negligent audit work carried out
Former HIH Insurance chief executive Ray Williams will appeal a jail sentence of nearly three years handed down today for crimes committed at the failed insurance company. The 68-year-old founder of the company involved in Australia’s biggest-ever corporate collapse was today sentenced to least two years and nine months in jail, with a maximum term
The federal government had a hard time three years ago obtaining a conviction of Arthur Andersen for having shredded its Enron documents as the energy company, its major client, was imploding. A jury in Houston took 10 days and declared itself deadlocked before convicting the accounting firm of a single criminal count of witness tampering.
Eliot Spitzer and the US Justice Department are trying to determine whether Maurice “Hank” Greenberg tried to manipulate the share price of American International Group a month before he was ousted as chief executive. The investigation, which was first reported by the New York Times, increases the chances Mr Greenberg could face criminal charges over
The poetic setting for Lloyd Cutler’s memorial service would have been a courtroom. Or maybe the Oval Office. Possibly a classroom. But the number of people who loved and respected the consummate lawyer number in the thousands, so the law firm he founded rented out Constitution Hall yesterday. Family, friends and colleagues — hundreds from
Stung by the mass defection of all of its partners in London and Moscow, New York-based Coudert Brothers is exploring a possible lawsuit against San Francisco’s Orrick, Herrington & Sutcliffe, the firm that hired the partners away. Coudert Brothers has retained Barry Ostrager, the co-head of the litigation department of Simpson Thacher & Bartlett, to
A former banker at Credit Suisse First Boston, Frank P. Quattrone, citing a Supreme Court ruling this week that overturned the conviction of accounting firm Arthur Andersen, asked an appeals court yesterday to reverse the guilty verdict in his case. Mr. Quattrone, who was convicted last year of obstructing investigations into First Boston, told a
The 8-month trial and 8 day verdict ended an anguished wait for Jackson’s successful defense team – and their client – but resulted in a euphoria for the star’s fans as much as it created a bitter defeat for prosecutors Jackson, 46, was prosecuted on 10 felony counts – four of child molesting, one of
