News & Articles

Comments by Bob Grimes August 23, 2007 It is still not certain whether the Government will retry Defendants Lenz, Reichner, Towle and Stulac. The jury deadlocked on July 27, 2007, after three months of trial and two weeks of deliberations. The case is now in the...

Comments by Bob Grimes July 23, 2007 Today the jury deliberated from 8:30 a.m. to 1:30 p.m. They sent Judge Whelan a note requesting further explanation of the numbering system of the exhibits. The volume of e-mails, contracts, and other documentary exhibits in this...

Comments by Bob Grimes July 17, 2007 The jury is deliberating. They asked for an overhead projector, so that they can view any of the 1,300 exhibits. Some of the jurors took notes during the testimony and also during the final arguments, and there are some exhibits...

Comments by Bob Grimes July 10, 2007 - 8:30 a.m. to 3:15 p.m. CLOSING ARGUMENT BY TOM BIENERT In his closing argument on behalf of Gary Lenz, Attorney Tom Bienert asked the jury to use their common sense when evaluating the charges against Gary Lenz. Bienert told the...

Comments by Bob Grimes July 5, 2007 - 8:30 a.m. to 3:00 p.m. GOVERNMENT’S CLOSING ARGUMENT AUSA Eric Beste gave a closing statement that focused on Gary Lenz and Joseph Reichner. Beste argued that Lenz and Reichner were part of senior management and therefore had to...

Comments by Bob Grimes June 26, 2007 - 8:30 a.m. to 3:15 p.m. WITNESS BERDJ RASSAM Berdj (BJ) Rassam was hired as the Controller at Peregrine in November 2000, and was promoted to VP of Finance and Chief Accounting Officer in September 2001. BJ Rassam testified about...

Comments by Bob Grimes June 19, 2007 - 8:30 a.m. to 3:30 p.m. This was the seventh full day of testimony by Steve Gardner. At this point, the lawyers are bringing out points (sometimes subtle points) that they feel are necessary to clarify for their individual...

Comments by Bob Grimes June 12, 2007 - 8:30 a.m. to 3:15 p.m. WITNESS STEPHEN GARDNER (continued) On direct examination, AUSA Beste asked Gardner questions that emphasized that Peregrine’s problems with getting some transactions to close before the quarter’s end were...

Comments by Bob Grimes June 5, 2007 - 8:30 a.m. to 3:15 p.m. WITNESS WARREN DAVID ROUDEBUSH (continued) Attorney Thomas Bienert went over the details of Peregrine's contract with Lee Kirby of Ranier Technology Group (RTG). Witness Roudebush testified that on December...

Comments by Bob Grimes May 30, 2007 - 8:30 a.m. to 3:15 p.m. WITNESS ROSS BALDWIN (continued) Attorney Attanasio asked Mr. Baldwin questions designed to illustrate that auditors depend greatly on company management in the course of their audit. Mr. Baldwin testified...