BusinessWeek Quotes Partner Richard E. Donovan on CDR Financial Products Bid-Rigging Investigation
March 15, 2010
Partner Richard E. Donovan was quoted in a Bloomberg article, “Third CDR Employee Pleads Guilty in Bid-Rigging Case,” published in BusinessWeek. Three former employees of CDR Financial Products Inc. pleaded guilty in a Manhattan federal court to conspiring to rig bids on investment contracts local governments bought from banks. Mr. Donovan discussed the challenges in defending a small company when a large percentage of the employees plead guilty to participating in a conspiracy.