Friday, May 5, 2006
The KPMG defendants who are set for a hearing on May 8th (see here) received support from amici who filed a brief that demonstrates that many have concerns about how the Thompson Memo is being implemented.
The amicus brief is filed on behalf of the Securities Industry Association, The Association of Corporate Counsel, The Bond Market Association, and the Chamber of Commerce. The brief presents two arguments: 1) that "[t]he government's policy violates key criminal justice principles," and 2) that "[t]he government's attack on fee advancements threatens the integrity of the employment relationship and efficient corporate operations." A copy of the brief is here-