5th Circuit Throws Out Scruggs' $70 Million Deal

A federal appeals court has thrown out a $70 million settlement brokered by convicted former lawyer Richard "Dickie" Scruggs, who is serving a prison sentence for conspiracy and mail fraud in two bribery cases. The settlement involved a dispute between the Republic of Venezuela and Northrop Grumman Ship Systems. A three-member panel of the 5th U.S. Circuit Court of Appeals found that a district court in Mississippi erred when it declined Venezuela's appeal of the settlement Scruggs agreed to in 2005.

A federal appeals court has thrown out a $70 million settlement brokered by convicted former lawyer Richard “Dickie” Scruggs.

The settlement involved a dispute between the Republic of Venezuela and Northrop Grumman Ship Systems.

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