(Reuters) - The tax-free payments to the executives, who included Black's one-time partner turned government witness David Radler, and to companies they controlled, were said to be compensation for agreeing not to compete with the buyers for periods up to five years.
Prosecutors argued the buyers never asked for most of the non-competition agreements and the payments were actually unapproved, disguised bonuses.
Read more at Reuters.com Bonds News
Prosecutors argued the buyers never asked for most of the non-competition agreements and the payments were actually unapproved, disguised bonuses.
Read more at Reuters.com Bonds News
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