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More than a year after SAIC Inc. agreed to pay $500 million in a criminal plea deal over its disastrous CityTime payroll contract with New York City, SAIC's board has ducked a big piece of fallout from the CityTime scandal.
The Court vacated the honest services convictions of the Enron and Hollinger execs but remanded their cases to the circuit courts to determine if other parts of their convictions can stand. We've got predictions from Skilling counsel Dan Petrocelli at O'Melveny and Black counsel Miguel Estrada at Gibson--and an opposing take from Black's prosecutor, Eric Sussman, who's now at Kaye Scholer.
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