"The uncontroverted evidence at trial was that after receiving a demand to stop posting what plaintiffs believed to be false and defamatory materials on several Web sites, including allegations that Mr. Padrick had committed tax fraud, defendant offered 'PR,'searchch engine management,' and online reputation repair services to Obsidian Finance, for a price of $2,500 per month".
A stock-fraud defendant charged with plotting to kill the judge assigned to his fraud case will be tried before another judge.
The oil corporation had successfully counter-charged a group of the Ecuadorean plaintiffs and their lawyers in a New York Federal court under the notorious RICO Act for "racketeering" and "fraud;" the defendants included Pablo Fajardo and the Ecuadoreans' American lawyer, Steven Donziger.
As the Texas Attorney general explained in a filing before the TMAP fraud trial: "Defendants thus 'seeded the literature' and increased the 'noise level' in the Texas health care community, including the Texas Medicaid community, with their false and misleading tale of Risperdal's superiority to other antipsychotics and suitability for off-label use on vulnerable populations".
What is clear is that in securities fraud cases, requiring defendants to admit they committed fraud to settle cases will make it surpassingly easy for private parties to sue over the same conduct.
[World Business, Section W.] Guilty Pleas in Stock Fraud Case Seven defendants in a stock fraud case pleaded guilty to attempted enterprise corruption and face prison terms of one to six years.
Correction: February 5 , 2001 Monday An article on Jan . 23about Justice Department prosecutions of health care fraud misidentified the defendants who agreed to a $486 million plea settlement in Massachusetts in January 2000.
"Defendants' fraud is based upon their secret scheme to travel to wineries throughout the world, at Plaintiff's expense and using Plaintiff's reputation, when in fact, they intended to use these visits solely for their own benefit," the lawsuit charges.
He asked the two sides why he should approve a settlement in which the agency "alleges a serious securities fraud but the defendant neither admits nor denies wrongdoing".
Befitting a prominent corporate-fraud trial, the defendants were represented by some of the country's most highly regarded appellate lawyers, including Seth P. Waxman, the former solicitor general of the United States.
The judge also asked why the court should approve a settlement in a case in which the S.E.C. alleges a serious fraud but the defendant neither admits nor denies wrongdoing, He also asked why the penalty was less than one-fifth of the one assessed against Goldman Sachs in a similar case.
