1. Home
  2. Browse Decisions
  3. F.3d
  4. 738 F.3d
  5. 738 F.3d 498 (2013)
 

U.S. v. GRIMM

Docket Nos. 12-4310-cr; 12-4365-cr; 12-4371-cr.

738 F.3d 498 (2013)

UNITED STATES of America, Appellee, v. Peter S. GRIMM, Dominick P. Carollo, Steven E. Goldberg, Defendants-Appellants, and UBS AG, UBS Securities LLC, UBS Financial Services, Inc., Intervenors.

United States Court of Appeals, Second Circuit.

Decided: December 9, 2013.

Attorney(s) appearing for the Case

Howard E. Heiss , O'Melveny & Myers LLP, New York, N.Y. ( Jonathan D. Hacker , Anton Metlitsky , Deanna M. Rice , Mark A. Racanelli , on the brief), for Appellant Grimm.

James R. Smart , McElroy, Deutsch, Mulvaney & Carpenter LLP, Morristown, NJ ( Walter F. Timpone , on the brief), for Appellant Carollo.

David C. Frederick , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Washington, DC ( Brendan J. Crimmins , Emily T.P. Rosen , Andrew E. Goldsmith , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., Washington, DC; John S. Siffert , Daniel M. Gitner , Lankler Siffert & Wohl LLP, New York, NY, on the brief), for Appellant Goldberg.

James J. Fredricks , United States Department of Justice, Washington, DC, ( Scott D. Hammond , Deputy Assistant Attorney General, John J. Powers, III , Finnuala K. Tessier , United States Department of Justice, Washington, DC, Antonia R. Hill , Steven Tugander , United States Department of Justice, New York, NY, on the brief), for Appellee.

Before: KEARSE, JACOBS and STRAUB, Circuit Judges.

DENNIS JACOBS, Circuit Judge.

Three employees of General Electric Company ("GE") conducted a multi-year scheme to fix below-market rates on interest paid by GE to municipalities. When municipalities receive proceeds of tax-exempt bond issues, they invest those proceeds (with GE and others) until such time as the funds become needed for the underlying capital projects. To prevent abuse of municipal bonds for pure arbitrage, the Internal Revenue Code and Treasury regulations...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases