Beshear and Kentucky Central Life Insurance Company: What did Beshear do that's ILLEGAL or UNETHICAL?
MY question: What did Steve Beshear (personally, NOT his law firm but Steve Beshear himself) do with (or to) Kentucky Central Life Insurance Company liquidation that is either ILLEGAL or UNETHICAL? Here's a place to start.
FACTS, PLEASE, NOT PLATITUDES, but FACTS.
Any takers?
FACTS, PLEASE, NOT PLATITUDES, but FACTS.
Any takers?
Labels: Democratism, Kentucky politics, Public Service, Republicanism
posted by KYJurisDoctor at 10:08 PM
7 Comments:
Were there other Stites Harbison clients which got off a sinking ship which was being court ordered liquidated. Isn't that called illegal insider trading on Wall Street? What was so special about Bank of Louisville when tons of people lost their shirts Osi because Stites attorneys were carving up Kentucky Central.
We don't know at the moment because the secret report is missing.
anon 7:46: NOTHING stays hidden under on this earth. SOMEBODY, somewhere, has a copy of that report so let's find it rather than speculate on what it contains!
Kyjurisdoctor: If you had been deposed about an ethical violation and an investigation conducted into your actions as an attorney, and you had been exonerated, would that report be missing? Or do you think you might have a copy.
The point is that the judge ordered the report be kept secret. Why?
If the Bar Association had conducted an ethics complaint against you, would you be able to get a circuit judge to keep the investigation a secret? If you have been cleared, would you want it to be a secret?
Good questions. But Steve Beshear says he doesn't want to keep it a secret. So the judge or whoever has a copy should be under no obligation to keep it a secret -- at least as it pertains to Steve Beshear. I just don't want to start reading PURELY SPECULATIVE conclusions. Like Sgt. Joe Friday would say ON Dragnet: Hmm, JUST THE FACTS, MA'AM!
Steve Beshear also says he didn't know about the report. And he says he participated in two confrence calls after his conflict of interest was established, regarding the conflict of interest...
This just doesn't sound like it's going to lead anywhere other than somewhere with a lot of explaining required from the once-every-decade candidate...
"Specifically at issue was whether Stites & Harbison attorneys erred while representing the liquidators of Kentucky Central at the same time as providing consultation with the Bank of Louisville about a $15 million transaction that had occurred between the bank and the failing insurance company."
It sounds like at WORST, Sites and Harbison may have been guilty of multiple representation of opposing interests (in this case Kentucky Central and Bank of Louisville), which would have been OK and ethically acceptable, if both parties had consented to it KNOWINGLY and INTELLIGENTLY.
But we won't know until we get the secret report that the law firm, which conducted the inquiry at the judge's request, STILL has a copy ofand Beshear wants it released.
The court action filed by the Herald Leader may just get the release done and then we'll know for sure WITHOUT succumbing to rampant speculations.
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