A federal judge in New York has defended a non-guideline prison sentence for a former business executive convicted of conspiracy and securities fraud, saying to rule otherwise would be a “travesty of justice.”

In May, Southern District Judge Jed S. Rakoff sentenced Richard P. Adelson, the former president of cancer diagnosis company Impath Inc., to 42 months in prison, rather than 85 years as federal prosecutors had suggested in papers. He also ordered $50 million in restitution.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]