Thursday, August 31, 2006

Look Who's Left Standing: Legal Penalties in Frauds Are Seldom Paid by Legal Advisers

Article in today's Washington Post -- Look Who's Left Standing: Legal Penalties in Frauds Are Seldom Paid by Legal Advisers, by Carrie Johnson:

    Four years after regulators launched a task force to stamp out business corruption,
    numerous chief executives are on their way to prison, two of the nation's biggest
    accounting firms are defunct or on probation, and investment banks have shelled
    out billions of dollars in settlements.

    But lawyers serving fraud-ridden companies have emerged relatively unscathed.

http://lawprofessors.typepad.com/mass_tort_litigation/2006/08/look_whos_left_.html

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