Is it an early Christmas present for Conrad Black? Facing the possibility of at least 15 years in jail, Black has won a 10-day postponement of his scheduled Nov. 30 sentencing. But the judge is making the case as appeal-proof as possible. Whatever she decides, it won't be a good Christmas for Conrad Black.
Judge Lewis A. Kaplan, who threw out the charges against KPMG employees for illegal flogging tax shelters, has serious questions about the way the US Government has used the threat of criminal prosecution of companies to get leverage in investigations of alleged wrongdoing by company employees.
It isn’t every day that tort reformers and personal injury lawyers find themselves in agreement. But when the newly renamed American Association for Justice (formerly known as the Association of Trial Lawyers of America) recently joined the American Tort Reform Association and small business owners everywhere in condemning an outrageous and seemingly vengeful lawsuit against a neighborhood dry cleaning store, a rare opportunity for nonpartisan legal reform may have presented itself.
Former New York Stock Exchange chairman Richard Grasso has told a state appeals court that he will challenge last week's ruling from Justice Charles E. Ramos that he return as much as $100 million in compensation. And pundits are saying he’ll probably emerge victorious.
New York Attorney General Eliot Spitzer won a stunning court victory last week to overturn former New York Stock Exchange chairman Dick Grasso's outsized $187 million pay package and commentators say it was a shot in boardrooms across America and that The days of pouring other people's money into the pockets of CEO's without justification are over. But closer examination of the facts suggests it’s no turning point.
