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More on Milberg Weiss Indictment:

Here is the federal government's press release announcing the indictment.

For commentary on the indictments, see these posts by Professor Bainbridge, Christine Hurt at Conglomerate, and Miriam Cherry at Concurring Opinions.

Robert Schwartz (mail):
Couldn't have happened to a nicer bunch of guys.
5.20.2006 4:21pm
Steven Jens (mail) (www):
I've heard that indicting a corporation is, in practice, often a death sentence because it limits the corporation's activities. Why is this (i.e., what limits are there on the activities of an indicted corporation), and does it also true of partnerships? Or is that only if the partnership is trying to get clients to hire the partnership as an auditor (like Anderson)?
5.21.2006 6:25pm
Steven Jens (mail) (www):
In case anyone else needed an answer to my question, following Professor Adler's links (and links from those pages) led me to this relevant entry by Professor Bainbridge, which suggests that the indictment doesn't preclude any corporate activity as a matter of law so much as it scares off potential creditors.
5.21.2006 11:52pm