Word: shleifer
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Dates: during 2000-2009
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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...
...individual can fight the unlimited resources of the government for only so long,” Shleifer said in a statement Wednesday. “After eight long years, I have decided to end this now—without any admission of liability on my part...
Documents released by the government Wednesday indicated that Shleifer had mortgaged his home in Newton, Mass. yesterday in order to pay a first installment of $600,000 in the settlement...
...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...