Federal prosecutors on Wednesday dropped a fraud case alleging two former executives at Celadon Group devised a scheme that cost the truckload and logistics company’s shareholders more than $62 million.
The government said in its motion to dismiss nine counts of fraud each for former Celadon CEO William Eric Meek and former CFO Bobby Lee Peavler that “the indictment should be dismissed with prejudice, in the interest of justice.”
Department of Justice spokesman Steven Whitaker told FreightWaves...
https://www.freightwaves.com/news/feds-drop-fraud-charges-against-celadon-trucking-executives