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August 21, 2006

Fascinating developments in the Olis case

Peter Lattman over at the WSJ blog here has interesting news about development leading up to Jamie Olis's upcoming resentencing.  Here are some highlights:

Joseph Grundfest, a Stanford Law School professor and former SEC commissioner, is donating his time to the defense of Jamie Olis, the former Dynegy executive who received a 24-year prison sentence after his 2003 conviction on fraud charges....  Grundfest contacted Olis's appellate lawyer, David Gerger of Houston, asking if he could assist Olis pro bono, according to court documents.

Under federal sentencing guidelines that were mandatory when Judge Lake sentenced Olis in March 2004, losses of more than $100 million that could be linked to a defendant's crimes resulted in prison terms that exceeded 20 years. Grundfest and Olis's lawyer, Gerger, both argue that Olis's crimes couldn't be linked to steep losses because Dynegy had announced other bad news when Project Alpha was disclosed....

The U.S. Attorney's Office in Houston has asked that Olis's sentence stand in the wake of the Fifth Circuit ruling.  Gerger, however, is arguing that Olis's case calls for a sentence far below the prosecution's suggested guideline range.  Here is Gerger's 23-page sentencing memorandum.

August 21, 2006 at 06:53 PM | Permalink

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