Star Scientific, the Virginia company whose CEO’s ties to Gov. Bob McDonnell (R) are under federal investigation, told investors on Friday that it does not expect to be prosecuted as a result of a federal probe of its securities transactions.“We cannot predict whether or the extent to which the ongoing investigation will result in any legal action against any individual or entity,” the company said in a filing with the Securities and Exchange Commission (SEC). “[B]ut on the basis of the results of the internal investigation, the cooperation with the [U.S. Attorney’s Office], and discussions and communications between our outside counsel and the [U.S. Attorney’s Office], we do not believe our company will be prosecuted for any of the matters that the [U.S. Attorney’s Office] has been investigating.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=201487