Word: liman
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Among the personalities at the well-attended symposium were Arthur Liman, U.S. Senate counsel for the Iran-Contra hearings and legal adviser to convicted junkbond king Michael Milken. Assistant Professor of Law Charles J. Olgetree, who advised Oklahoma law professor Anita Hill at the Senate confirmation hearings last week, attended as well...
...chief defense lawyer Arthur Liman may have blundered in his insistence that Milken's crimes were merely technical ones, even after the financier pleaded guilty last April to six of 98 counts of securities violations and agreed to pay a record $600 million in fines and restitution. The defense tactic helped precipitate an unusual two-week presentencing hearing that showed Milken's operations at the now defunct Wall Street firm Drexel Burnham Lambert to have been riddled with unlawful activities. Significantly, the new testimony did nothing to refute the government's claim that Milken had encouraged Drexel employees under...
...that nothing will be gained by sending Milken to jail. "Prison would be superfluous. For the last four years ((of the federal probe)), Michael Milken has been serving a sentence, being hounded and living under a cloud. I'd give him credit for time served." Milken's attorney, Arthur Liman, is expected to plead for leniency on the ground that his client made an "enormous" contribution to the U.S. economy by using junk bonds to help finance hundreds of companies and create thousands of jobs...
...Liman said control of the army would become increasingly crucial. "The big question is the loyalty of an army that is called the People's Army," Liman said...
...There was zealotry but also an attitude that the law was frustrating them from a noble cause," said Liman, who led the Senate questioning of North and other participants in the affair. "But rather than bow to these laws, they had to leapfrog them...