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1.
1. A legal term that means: "We did it, but you can't prove it. And even if you CAN prove it, we'll drag out the litigation until your great-grandchildren are dead."

Corporate attorneys frequently use this phrase to defend their clients against civil lawsuits. And they get $500 a hour for this nonsense?

2. A kneejerk reaction to any accusation of white collar crime.
The attorney for Goldman Sachs said the government's fraud charges were "Completely Unfounded." After the press conference, he laughed all the way to the bank.
by Peter Kobs April 16, 2010