The Justice Department must release details from 300 municipal reinvestment contracts that allegedly were rigged, as well as the identities of the alleged co-conspirators involved in those transactions, to attorneys representing CDR Financial Products and three individuals named in a federal indictment in late October, a judge in New York said Friday.
U.S. District Judge Victor Marrero gave the Justice Department attorneys until Dec. 18 to turn over the initial set of discovery documents, along with copies of the search warrant used by federal law enforcement agents that raided CDR’s Beverly Hills, Calif., headquarters in November 2006.
The disclosures will also include statements by former and current CDR employees concerning the alleged bid-rigging activities, according to Donald Etra, who had his own law firm and is defending CDR founder David Rubin.
Marrero’s order came during a pre-trial conference Friday. It was the first courtroom event since CDR, Rubin, and two other individuals named in the indictments — Stewart Wolmark, CDR’s former chief financial officer and managing director, and Evan Andrew Zarefsky, a vice president at the firm — pleaded not guilty to criminal antitrust, wire fraud and other charges stemming from an alleged conspiracy to rig bids for municipal investment agreements and derivatives contracts for kickbacks.
Marrero also set a status conference for Jan. 22. No trial date has yet been set.
