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The securities fraud trial against the former CEO and GC of HBOC — now McKesson Corp. — was never an easy one for the government. The government’s central witnesses were snitches of questionable credibility, and in an earlier bench trial of another executive, a judge found their testimony was not credible enough to convict. So it wasn’t too surprising Friday when a jury acquitted former CEO Charles McCall and ex-GC Jay Lapine of conspiring to commit securities fraud while deadlocking on six other counts.

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Posted on Tuesday, November 7th, 2006. Filed under: In-House Counsel, Law Misc

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The securities fraud trial against the former CEO and GC of HBOC — now McKesson Corp. — was never an easy one for the government. The government’s central witnesses were snitches of questionable credibility, and in an earlier bench trial of another executive, a judge found their testimony was not credible enough to convict. So it wasn’t too surprising Friday when a jury acquitted former CEO Charles McCall and ex-GC Jay Lapine of conspiring to commit securities fraud while deadlocking on six other counts.

Popularity: 1% [?]

Posted on Tuesday, November 7th, 2006. Filed under: Business Law, Law Misc

You can leave a response, or trackback from your own site.

Rate This Post - Vote Now!