Word: hay
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Shleifer, a close friend of University President Lawrence H. Summers, has continued teaching at Harvard since the suit was filed in 2000. The University has not announced any disciplinary action against him. Hay, now a lawyer in London, was fired by Harvard after the program disbanded...
...part of Wednesday's settlement, Shleifer and Hay agreed to a two-year disbarment by USAID, prohibiting them from participating in any of the agency’s programs. But neither Shleifer nor Hay acknowledged any wrongdoing...
...defendants in the case had argued, to various degrees, that they were not bound by the conflict-of-interest provisions in their contracts. But in a summary judgment in June 2004, U.S. District Court Judge Douglas P. Woodlock disagreed, finding Shleifer and Hay liable under the False Claims Act, a federal law that prescribed heavy damages for violating a contract with the government...
...University, in a lesser judgment by Woodlock, was found liable for up to $34.8 million, the amount paid to Harvard by the government after the first improper investments by Shleifer and Hay...
...press release that made no mention of Shleifer or Hay, the University said it was glad to put the matter to rest...