Shanahan says he didn't know he was doing anything illegal

Discussion in 'Wall St. News' started by archon, Oct 26, 2007.

  1. archon

    archon

    http://www.stltoday.com/stltoday/bu...6D6BB2D0109504848625738000092CEB?OpenDocument

    Shanahan says he didn't know he was doing anything illegal
    By Tim Logan
    ST. LOUIS POST-DISPATCH
    10/26/2007

    Call it the "we didn't know it was illegal" defense.

    Attorneys for former Engineered Support Systems Inc. Chief Executive Michael Shanahan Sr. asked a federal judge Wednesday to throw out the 12 criminal charges he and others face related to stock-option backdating, arguing the laws on the practice were "unconstitutionally vague," and shouldn't be used in criminal cases...