Tuesday, December 19, 2006
Four former Enterasys executives were convicted on securities fraud and conspiracy charges, while another had an acquittal on one count and a hung jury on other counts. (see here) The company where they worked focuses on providing its customers with a secure network. Founded in 1983, as Cabletron Systems, the company is now a private company.
This case is particularly interesting in that a question regarding payment of attorney fees arose in a pre-McNulty hearing. For background, see here.