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Cases in Court
HealthSouth Executives Implicated in Government Probe
Guilty pleas have been entered for the first time under new Sarbanes-Oxley Provisions. On April 5, 2003, the New York Times reported that Richard Scrushy, former Chief Executive Officer for HealthSouth Corporation, the largest provider of diagnostic imaging, outpatient surgery, and rehabilitation services with locations in 50 states and abroad, has been targeted by regulators for allegedly helping to overstate the company's earnings by more than $2 billion during the past 6 years. Bill Hicks, an SEC attorney, was quoted as stating that Scrushy “could be forced to pay $785 million or more if he loses a government lawsuit accusing him and the company of fraud,” and that “[i]t could go up if we find more insider trading or more profiting from the fraud.” Eight former HealthSouth executives have plead guilty so far, including pleas from both a former and the current financial officer of the chain in late March 2003, under the new Sarbanes-Oxley measures. See “Sarbanes Oxley Claims First CFO,” SmartPros (March 28, 2003).
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.