Sentencing Delayed in GAF Corp. Stock Case
NEW YORK —
The sentencing of GAF Corp. and a top executive on stock manipulation and other charges scheduled for today was postponed until March 30.
The sentencing was postponed because U.S. District Judge Mary Johnson Lowe was ill, lawyers for GAF said.
GAF and Vice Chairman James T. Sherwin were convicted last December on eight criminal counts of manipulating the stock price of Union Carbide Corp. in 1986, in a bid to get more money for GAF’s Carbide stock following a failed takeover of the larger chemical company.
