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March 30, 2006
Fifth Circuit orders William Fuhs released from prison
In an extraordinary development, the Fifth Circuit Court of Appeals this afternoon -- just three weeks after oral argument in the appeal by four Merrill Lynch executives of their convictions in the controversial Enron-related Nigerian Barge case -- ordered former Merrill Lynch executive William Fuhs released immediately on bond pending final disposition of his appeal. A copy of the Fifth Circuit's order is here and here are the NY Times and the Chronicle articles on the order.
From the Fifth Circuit docket of the appeal, it appears that Fuhs was the only one of the Merrill Four who filed a renewed motion for release pending disposition of the appeal after the March 6th oral argument. The Fifth Circuit's order came after both U.S. District Judge Ewing Werlein and the Fifth Circuit had previously denied Fuhs' motion for release pending appeal of his conviction. Fuhs will make an appearance on Friday at 2 p.m. before an U.S. Magistrate in Oklahoma City (where he was serving his sentence) to establish the terms and conditions of his release. The Fifth Circuit's unusual action is a strong signal that Fuhs has a winner on the merits of his appeal.
Fuhs is represented by David Spears of Richards Spears Kibbe & Orbe LLP of New York City and on appeal by Seth Waxman, Paul A. Engelmayer, and Anne K. Small of Wilmer Cutler Pickering Hale and Dorr, LLP's New York and Washington offices.
Posted by Tom at March 30, 2006 03:15 PM
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� The beginning of the end for the Nigerian Barge prosecution? from Ideoblog
Tom Kirkendall breaks the story of the Fifth Circuit's sua sponte release of Nigerian Barge defendant, Merrill Lynch executive William Fuhs pending appeal. Release was earlier denied, but now has been ordered only two weeks after oral argument, thus si... [Read More]
Tracked on March 30, 2006 07:45 PM
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Court Rules Against Gabelli (NYT) Mario Gabelli, mutual fund star, media staple, and Barron's Roundtable fixture, suffered a setback when a judge agreed that Gabelli's company illegally prevented an insider from selling his stake, paving the way for a ... [Read More]
Tracked on March 31, 2006 07:30 AM
� The beginning of the end for the Nigerian Barge prosecution? from Ideoblog
Tom Kirkendall breaks the story of the Fifth Circuit's sua sponte release of Nigerian Barge defendant, Merrill Lynch executive William Fuhs pending appeal. Release was earlier denied, but now has been ordered only two weeks after oral argument, thus si... [Read More]
Tracked on March 31, 2006 09:07 AM
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