RE: SFO statement25 Sep 2021 22:51
My take
Seems Monday is about PFC being the defendant, the pleas already agreed need entered and sentencing of PFC may be handed down Monday or adjourned for consideration. (Never underestimate another 4 days at court so legal teams milk more money).
I am not reading Lufkin case progressing on Monday at all, to me it is just mentioned in passing so as to flesh out relevance aa to why PFC is pleading.
My hope is it is done and dusted Monday at least as regards PFC, the initial share swoon at the headline fine is momentary before the relief rally resumes and realisation that it is over.
Re Lufkin
In line with my post on Friday I do not expect a custodial sentence.
"Of course plea agreements offer discounts and incentives to defendants, if they did not, they would not be entered into.
That is the very purpose of any plea agreement - leniency in exchange for a guilty plea. And
whilst a defendant is not ‘required’ to assist the prosecution, doing so ensures far greater
concessions and the likelihood of avoiding a custodial sentence."