Tuesday, July 19, 2005

Spitzer's Lack of Cooperation with Feds Hurting Investigations

Today's Insurance Journal has an interesting article about the lack of cooperation between parallel justice department and NY Attorney General's office investigations:
Federal securities and justice department officials and lawyers from the office of New York Attorney General Eliot Spitzer, who are pursuing parallel investigations of the insurance industry, have made separate deals with witnesses that harm the other's cases and have generally stopped cooperating with each other since early May, according to a report in the Washington Post citing people familiar with the cases and legal experts.
The article went on to say that Spitzer's side negotiations with one potential witness lead to the cancelling of a joint meeting:
One joint interview with an unidentified witness was canceled after the Securities and Exchange Commission learned that Spitzer had previously met with the witness's lawyer and discussed a deal, according to the report.
Is it any wonder that Spitzer was sued by the Feds?