US v. Stockman and the Burn Rate on the D&O Policy
We have been following the criminal action filed against David Stockman, the former director of OMB under Ronald Reagan. Most of the parties are mired in discovery, with the Government having produced...
View ArticleStockman and the Limits of D&O Insurance
We note that Kevin LaCroix at the D&O Diary, a one stop shop for all things about D&O insurance, has commented on the post on this Blog that discussed the burn rate of the D&O policy used...
View ArticleUS v. Stockman: Number of Documents Up, Remaining D&O Insurance Down
What's going on in the David Stockman case? Sixteen or so months after the indictment, there is still no trial date and the parties are sweltering in more than 12 million documents. As for the...
View ArticleUS v. Stockman: What Happens When the D&O Insurance Is Gone?
From the indictment, Paul Barnaba appears to be a bit player in the criminal action against David Stockman. Yet he is in the middle of a criminal case involving at least two other defendants and some...
View ArticleThe United States' Response to Barnaba's Motion to Dismiss
The claims of Paul C. Barnaba and the problems with the discovery process have delayed prosecution of United States v. Stockman, 07-0220 (S.D.N.Y. filed Mar. 21, 2007) . On April 8th, Paul C. Barnaba...
View ArticleCovering the Criminal Trial of David Stockman
The Race to the Bottom is a collaberation between faculty and students. One of the roles played by students is to follow ongoing cases that address important issues in the realm of corporate...
View ArticleAnjan Sahni Joins the Prosecution Against Stockman
United States v. Stockman, 07-0220 (S.D.N.Y. filed Mar. 21, 2007), is moving forward. Recently, Judge Barbara set the trial date for May 4, 2009. On September 4, the United States Attorney's office...
View ArticleUS v. David Stockman: Denying Stockman’s Request for Production of Audit...
On October 8, 2008, U.S. District Court Judge Barbara S. Jones filed an order finding that two documents requested by David Stockman’s defense team, (1) the final Audit Committee Report relating to the...
View ArticleUS v. Stockman: Barnaba Wants to Sever
As we have discussed in previous posts, Paul Barnaba has been pushing for an early trial and previously filed a Motion for Severance in May. The first motion was denied during a status conference on...
View ArticleUS v. Stockman: Agreement (Sort Of) on the Briefing Schedule
At a status hearing held in October, the main topic once again was the problem of discovery, the concern arising out of the need to review something like 15 million documents. In addition, the trial...
View ArticleUS v. Stockman: Discovery Issues Resolved
The Stockman case has involved millions of documents (fifteen million to be semi-precise). The fight over discovery in contrast has involved a relatively modest number. According to an order filed in...
View ArticleStockman (et al) Indictment Dismissed
The Government announced today that it is dismissing the criminal case against David Stockman and the other three defendants. According to the nolle prosequi filed today, the Government made the...
View ArticleThe Stockman Dismissal: What Really Happened?
The decision of the government to drop the case came as a surprise. We can only speculate on the reasons for the decision but we present some of our thoughts on the matter. The criminal case against...
View ArticleSummary of United States v. Stockman
This post concludes and summarizes our coverage of the case United States v. Stockman. The government filed the Indictment in March of 2007 in the Southern District of New York. The named Defendants...
View ArticleStockman v. Heartland Industrial Partners: In the Case of Indemnification,...
This blog extensively covered United States v. Stockman, involving criminal charges brought against officers and directors of Collins & Aikman Corporation (“C & A”) for defrauding investors,...
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