[JURIST] Leading Thursday's corporations and securities law news, New York Attorney General Eliot Spitzer [Wikipedia profile] will retry ex-Bank of America broker Theodore Sihpol. Sihpol was acquitted on 29 counts of fraud-related charges last month [JURIST report], but the jury deadlocked on 4 counts and the judge declared a partial mistrial, leaving Spitzer the choice to retry those 4 counts. Bloomberg has more.
In other corporations and securities law news...
- Deloitte [corporate website], once Parmalat's primary accounting firm, has said that it may settle with the bankrupt Italian dairy. Parmalat filed a $10 billion lawsuit against Deloitte [JURIST report], among others, to recoup money it says it lost through fraudulent accounting. Deloitte's CEO, William Parrett [corporate profile], said in an interview that his company did not commit fraud against Parmalat but would settle if it would save Deloitte money in the long run. Reuters has more.
- Boeing [corporate website] confirmed that is under investigation by the US State Department [official website] for selling planes equipped with motion-sensor devices to China. The devices are on a list of technology with possible military applications that US manufacturers are not allowed to export to China. The Seattle Times has reported that Boeing faces up to $47 million in fines for the transactions. Reuters has more.