Prosecution stumbles as Enterasys trial opens.
New Hampshire Business Review › November 24, 2006
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Prosecution stumbles as Enterasys trial opens.
Prosecutors are struggling to prove that five former Enterasys Networks executive conspired five years ago to defraud investors while the firm was being spun off from Cabletron Systems, in a trial that has been quietly unfolding in U.S. District Court in Concord.
The case, in the words of U.S. Assistant Attorney William Morse, involves "cheating and lying" by executives who were greedy for stock options, fearful for their jobs, caught up in a company culture that would not allow failure, and willing to break accounting rules in or...See the full content of this document
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