Here Come Da Judge
Just had to share this with someone. Everyone knows corporate crime has gotten a bit of attention the last few years, but today's Associated Press lineup of coming stories gives the issue sharp relief. There is a whole SECTION of the lineup devoted to current developments. Have a look:
CORPORATE TRIALS:
—BC-WorldCom Lawsuit: A federal judge has given preliminary approval to a deal under which auditor Arthur Andersen LLP will pay $65 million to settle allegations that it failed to protect WorldCom investors. Photos NYLL104-106.
—BC-Mutual Funds Trial: Jury selection expected to begin in New York in trial of Theodore Sihpol, a former Bank of America broker who is the first person indicted by NY AG Spitzer in the mutual fund scandal to demand a jury trial. AP Photos NYLL101-103.
— BC-Tyco Trial: Prosecution may rest today in the retrial of Tyco executives. Photos NY847-848,
— BC-Scrushy Trial: Testimony continues in trial of former HealthSouth Corp. Chairman Richard Scrushy. AP Photos planned.
—BC-Morgan Stanley Sued: The judge in the trial of billionaire financier Ronald Perelman’s civil suit against Morgan Stanley declined to call a mistrial after three jurors told her they had been approached by a man who questioned them about the case. AP Photos planned.
—BC-Enron-Broadband: Enron broadband trial testimony continues.
— BC-Dynegy: Trial date to be set for former Dynegy trader Michelle Valencia and former El Paso trader Greg Singleton, both of whom are charged with reporting fake trades to industry publications that use such data to calculate natural gax index prices. — BC-Spitzer-AIG: New York Attorney General Eliot Spitzer on Tuesday said he will audit American International Group Inc. over reports that AIG improperly booked workers’ compensation premiums, providing an “unlawful benefit” to the company worth tens of millions of dollars.