Shleifer: I Would Have Won The New York Times has a short piece on Harvard's settlement of the HIID matter. Short, but it does provide more information than the Harvard Gazette, including the fact that protagonist Andrei Shleifer will have to pay $2 million to the government.

According to the Times, "Mr. Shleifer said in a statement that he believed he would have prevailed had the case gone to trial, but that legal fees would have exceeded the amount he was paying the government."

Huh.

If I could afford it—and Shleifer, who also has a private investment firm on the side (as does his wife), can—and I really believed I would prevail, I'd go to court. Apparently money means more to Shleifer than becoming convicted of a civil crime.

Which, come to think of it, might explain why Shleifer is convicted.  ¶ 3:19 PM