Joseph Nacchio, the former CEO of Qwest Communications International was found guilty of 19 counts of insider trading. He was acquitted on the other 23 counts charged.The crux of the Nacchio case was whether or not he knowingly and willfully […]
Two weeks ago, Sam Antar wrote about Overstock.com CEO Patrick Byrne, and what happens to people who ask questions about the company, his management, and curious details about the company’s financial statements. This week Sam has a follow-up, detailing a […]
Joe Francis, the founder of the “Girls Gone Wild” video series has been charged with [tag]tax fraud[/tag] for deducting over $20 million in false business expenses on the 2002 and 2003 corporate tax returns of his companies Mantra Films Inc. […]
Gerry Broome/Associated Press “We believe these three individuals are innocent.” Those were the words that 3 Duke lacrosse players waited 395 days to hear. The three gentlemen, David Evans, Collin Finnerty, and Reade Seligmann, had all charges dropped by the […]
Last week, Milwaukee’s police chief wrote a seriously misguided editorial about the city’s crime problem. Chief Hegerty claims the police department is already doing many crime-fighting things being suggested by outsiders. But the truth is that she has done a […]
Law professor Larry Ribstein at Ideoblog seems to share many of my sentiments about Sarbanes-Oxley. I personally believe that it was feel-good legislation that was enacted too quickly, and therefore not nearly as good as it could have been. It […]
“You know the drill, guilty people always try to divert attention away from themselves.”
You read that correctly. No typo. $11,000. Per hour. The full story is over at Law.com. Here’s how it goes. Florida litigator Willie Gary is requesting $93.1 million in fees and $100 million in sanctions for a trade secrets case […]
Tim Montgomery, the Olympic sprinter who had his world record erased after the BALCO steroid scandal, pleaded guilty Monday to conspiracy to fraud. The $5 million bank fraud scheme involved depositing stolen, counterfeit, and altered checks into banks over three […]
Wal-Mart fired security engineer Bruce Gabbard in March, but now executives fear that he took with him secret information about “Project Red.” Gabbard was fired for taping phone calls between a Wal-Mart executive and a New York Times reporter. Project […]
