Williams & Connolly has failed to secure a new trial for Walter Forbes, former chairman of Cendant Corp., after the U.S. Court of Appeals for the Second Circuit upheld a lower court and denied Forbes’ claim for a new trial based on newly discovered evidence.
Forbes was accused of orchestrating a massive accounting fraud at Cendant that caused investors to lose $19 billion. When the fraud was discovered in 1998, it was believed to be the largest then on record.
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