Worldcomm

When the Conrad Black trial gets under way in March, the argument will be similar to the case against Tyco’s Dennis Kozlowski rather than the cases against Ken Lay or Bernard Ebbers, says Samuel W. Buell, J.D., associate professor of law at Washington University in St. Louis. “This is a case about whether an executive looted his own company, not whether he committed accounting fraud,” says Buell, a former Enron prosecutor. “In a looting case, the battle is often over the testimony and credibility of the members of the board of directors.” More…