Los Angeles Business Journal
Los Angeles Business Journal
Search last 90 days
ARCHIVES SEARCH
SIGN IN
WRITE US
Los Angeles Business News
Los Angeles Business Journal
 

INDUSTRY-SPECIFIC NEWS STORIES:
LABJ Poll
What do you think about increases in parking fines and traffic tickets, plus more red light cameras?
Los Angeles Business news
  That's OK. Just obey the law.
  No. Higher fines and increased enforcement are becoming too costly for too many people.
Los Angeles Business news
View Results
 
 

Poll: Jury Unlikely To Give Karatz a Fair Shake

Can a former chief executive -- especially one who made $232 million running a home-building company in the three years before the industry melted down -- get a fair shake from jurors on charges of defrauding investors?

Attorneys for former KB Home CEO Bruce Karatz told a Los Angeles federal judge Monday that bias against corporate bosses runs deep, and took the extraordinary step of hiring a polling firm to prove its point. The Hart Research Associates poll showed that top executives are even more disliked than politicians.

Karatz, 64, was charged in March with 20 federal counts of fraud and making misleading statements. He is accused of manipulating stock option grants for himself and others at KB Home for a more favorable price and then hiding those changes from the company's board, shareholders and regulators. He has pleaded not guilty and denied wrongdoing.

U.S. District Judge Otis Wright brushed aside the opinion survey, which he said was conducted in an "inherently biased" way. But he will grant defense requests for special screening of the jury pool, including lengthy questionnaires and having some prospective jurors answer questions out of the presence of other prospects.

Read the full Los Angeles Times story.


  February 8 - 14, 2010
LA Business News
Convention-al Appeal
New downtown hotels and a bustling L.A. Live scene are hailed as big convention business boosters.
Owner Back in the Saddle at Santa Anita Race Track
A deal with creditors will allow owner Frank Stronach to hold on to the reins of Santa Anita Park.
Unions Dropping Anchor in Long Beach?
The Port of Long Beach’s use of project labor agreements may maroon nonunion contractors.
Local Latinos Make Chinese Connection
A contingent of Latino officials from L.A. cities overcame culture clash on a recent trip to China.
Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Printer-friendly version E-mail to an associate Search Home
   

All contents of this site © 2010 Los Angeles Business Journal Associates. All rights reserved.
Los Angeles Business Journal, Los Angeles, CA 90036, USA. | Powered by FLEX360