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Condo developer to return $16 million to buyers
Rebuffing a developer's claim that one of its outside lawyers had botched a condominium offering plan, the judge ordered him to return $16 million in down-payments.High Court Gives Surprising Blessing to Document Policies in Andersen Case
The Supreme Court ruled unanimously that Arthur Andersen had been wrongly convicted for advising employees to abide by its document-retention policies in the face of impending investigations into its role in the Enron scandal. Brian Cogan, a litigation partner at New York's Stroock & Stroock & Lavan, says the decision gives "comfort to in-house counsel that if they act in good faith in the advice that they give, they are not likely to be prosecuted."Trending Stories
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