Famed attorney David Boies “champions himself as an advocate of honest corporate governance,” notes Tom Kirkendall (Aug. 31), so it’s more than a little piquant that Boies “just resigned as special counsel for Adelphia for violating the Bankruptcy Code and Rules by failing to disclose to the Adelphia Bankruptcy Court that members of his family indirectly own a substantial interest in a document management services company that did between $5 and $10 million of business with Adelphia. Apparently, other clients of Mr. Boies’ firm also have paid substantial sums to the document management company without knowing of the affiliation to Mr. Boies’ family members.” Larry Ribstein also comments (Aug. 30) and notes (Aug. 31) that the W$J story that broke the news “also notes that a former Boies associate, [William F.] Duker, who headed the firm [document management firm Amici] was sentenced to 33 months in prison in 1997 for ‘falsely inflating legal bills to the federal government.’ (Ironically, the same person helped Boies sue Mike Milken in 1990.) The current Amici CEO, ‘when asked if Mr. Duker had a consulting contract or office at the company this year’ said ‘I don’t know how to describe that relationship.’ Wonder if Boies’ clients knew about that when they approved use of Amici.” (Laurie P. Cohen and Robert Frank, “More Boies Clients Used Family Firm”, Aug. 31). Update: Larry Ribstein has more (Sept. 12).
A Boies cookie jar
Famed attorney David Boies “champions himself as an advocate of honest corporate governance,” notes Tom Kirkendall (Aug. 31), so it’s more than a little piquant that Boies “just resigned as special counsel for Adelphia for violating the Bankruptcy Code and Rules by failing to disclose to the Adelphia Bankruptcy Court that members of his family […]
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