Jay Lapine — one of the first GCs to be indicted in the recent wave of corporate scandal — has now become one of the few to be at least partially acquitted. In November a San Francisco jury cleared Lapine of conspiracy to commit securities fraud at HBO & Co., the Atlanta-based medical software maker where he once served as GC. But jurors deadlocked on six other charges, voting 11 to 1 to convict Lapine on three of those counts.
Lapine, 55, is currently general counsel and secretary at LII Holdings Inc., formerly LaRoche Industries Inc., based in Norcross, Ga. He declined to comment, but his defense attorney, William Goodman of San Francisco’s Topel & Goodman, says that Lapine was “greatly relieved” by the November verdict. Still, the news wasn’t all good — according to Goodman, prosecutors have decided to retry his client.
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