Wednesday, October 11, 2006

Sovereign District v. Bums

The Wall Street Journal has an interesting article (here) about the competition between the U.S. Attorney's Offices for the Southern and Eastern Districts of New York, aka Manhattan and Brooklyn.  Much like the Dodgers of days gone by, the EDNY has been viewed as the second-string team as compared to the SDNY, which some claim means "Sovereign District of New York" for its impervious manner.  Brooklyn has come on lately in the options-timing investigations, nearly matching Manhattan for the number of investigations of companies for possible back-dating and filing the second criminal case against a CEO (Kobi Alexander of Comverse Technology).  Lost in the shuffle of what the WSJ Law Blog (here) terms the "Legal Subway Series" is the fact that other offices have been equally aggressive in pursuing options-timing cases, such as the Northern District of California, which covers Silicon Valley, and the District of Massachusetts, which is also a leader in health care fraud cases involving medical device and pharmaceutical companies.  Not to be left out are the cousins across the Hudson River in New Jersey, which knocked out the CEO of Bristol-Myers Squibb with the equivalent of a glare.  As discussed in an earlier post (here), the Department of Justice has formed a Procurement Fraud Task Force, which likely will involve cases with far higher dollar figures than most of the securities fraud cases.  From the New Yorker point of view, of course, those other districts hardly exist, and Main Justice is there to be ignored.  Does any of this strike one as a bit unseemly? (ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/10/sovereign_distr.html

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Comments

As a taxpayer I resent having to pay for these excessively long sentences for non-violent crimes. A quarter of a century sentence, or approximately 1/3 of a person's lifespan....this is nuts. I don't care how much money is involved. I don't want my taxpayer dollars footing the bill for the prison-industrial complex!

Posted by: jan | Oct 11, 2006 11:00:52 AM

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