As the December 16th deadline for indictments draws near, the defendants are making their moves.
And surprise, surprise…
The New York Times and other news sources reported late last week that Bob Moffat’s attorneys have filed a motion to dismiss the charges against the former senior IBM exec. The gist of the argument is that Moffat was only one of several IBM execs doing due diligence on Sun, and that he alone did not know enough to have passed on information about Sun’s future earnings.
He has admitted to being part of the Sun due diligence team. He has also admitted to communicating with Danielle Chiesi from time to time in that timeframe.
Well sure, he had to admit he was doing due diligence – he was head of the group that was looking into the acquisition. And he had to admit talking to Chiesi – they have him on tape. So, what do you think? How long before we know the full story?
If you missed the earlier installments of the Galleon Watch, click here.