Breaking News: Indictment Dropped Against Company In Exchange For Cooperation!

The Houston Chronicle (registration required) reported that Travis County prosecutors have announced that charges against Diversified Collection Services, Inc., one of the eight companies indicted for making illegal political contributions to a PAC run by DeLay, have been dropped in exchange for their testimony against other defendants. According to court filings as reported by the Chronicle:

...District Attorney Ronnie Earle said he agreed to drop the prosecution because the company convinced him it donated the money based on "false and misleading information provided by the fund-raiser that solicited the contribution." It also said an officer who authorized the donation is no longer with the company.

We'll keep an eye on this story and follow as it develops.