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"Punishing Lawyers in Corporate Frauds"

By Douglas A. Berman

The title of this post is the headline given to this new piece by Peter Henning over at the New York Times' DealBook page.  Here are snippets from the effective piece about the sentencing lawyers involved in corporate frauds: Joseph P. Collins, a former partner at the international law firm Mayer Brown, received a seven-year prison sentence for his role as the lead attorney for the failed futures trading firm Refco Inc., whose collapse as a result of accounting fraud cost investors and lenders more than $2 billion.  Mr. Collins was convicted of conspiracy, wire fraud and securities fraud in July 2009 for his role in the stunning demise of Refco only weeks after the firm?s initial public offering. The company hid debts owed by its chief executive, Phillip R...continue to full post

Full post as published by Sentencing Law and Policy on January 19, 2010 (boomark / email).