Prosecutors Plan to Retry Cendant’s Forbes

U.S. prosecutors told a federal judge they were preparing to try former Cendant Corp. Chairman Walter Forbes on accounting fraud charges for a third time after two trials resulted in hung juries.

U.S. District Judge Alvin Thompson declared a mistrial for a second time on Feb. 9 after jurors in Hartford, Conn., deadlocked on four counts against Forbes, 63. Thompson had a conference call Tuesday with prosecutors and defense attorneys for Forbes, who testified at both trials and denied wrongdoing.