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Under a stipulation filed Thursday in the Chapter 11 proceeding against Dreier LLP, the firm must vacate its mid-town Manhattan offices by March 4. The stipulation does permit a skeleton staff to wind up the affairs of the now-bankrupt Dreier LLP, the NY Law Journal reports. Under the stipulation, If the offices are not vacated [...]
On Tuesday, February 24, 2009, at 2:00 pm EST, Securities Docket will host a webcast entitled, “Liability of Professionals in the Financial Crisis” featuring two of the top lawyers in the securities litigation field. Stuart Grant of Grant & Eisenhofer P.A. and Michael Young of Willkie Farr & Gallagher LLP will addresses critical questions now [...]
Securities class action filed against Intrepid Potash in US District Court for the District of Colorado. http://biz.yahoo.com/pz/090220/ … # Web Watch: Best Blog Posts and Columns For the Week Ending Feb. 20. http://tinyurl.com/bm5w8e #
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): INVESTOR’S WATCHBLOG (Feb. 20, 2009): The Truth About SEC Enforcement How many SEC Enforcement attorneys do you think there are to protect a nation of 305 million people? CHARLES H. GREEN, HUFF. POST (Feb. 20, 2009): Mini Madoff [...]
Gil M. Soffer has joined Katten Muchin Rosenman as a partner in its Chicago office. The firm announced that Soffer has joined its White Collar Criminal and Civil Litigation Practice. Soffer was previously Associate Deputy Attorney General of the United States. The firm stated that during his tenure with the DOJ, Mr. Soffer advised the [...]
Sen. Grassley Pushes SEC to Investigate Allegations of Insider Trading at Lehman Bros. http://is.gd/kgKZ # Report: SEC Seeking Trading Information from Brokerage Firms on 17 Public Companies. http://is.gd/kgKJ # Madoff Trustee Says No Securities Purchased for Madoff Customer Accounts in at Least 13 Years. http://is.gd/kgKf #
Laura A. Brevetti has joined firm K&L Gates as as a partner in its New York office. The firm announced yesterday that Brevetti has joined it as a member of its regulatory/government enforcement practice, in which she will work closely with K&L Gates’ white collar crime and criminal defense group. Brevetti will focus her practice [...]
At a hearing for Madoff investors today, Irving Picard, the trustee overseeing the liquidation of Madoff’s assets, stated that there was “no evidence to indicate securities were purchased for customer accounts” in at least 13 years. The AP reports that at the meeting, which was held at the U.S. Bankruptcy Court in Manhattan, David Sheehan, [...]
Thank you to Securities Docket website sponsors Citizens Bank, Administar Services Group LLC, Alvarez & Marsal and BDO Consulting. Interested in becoming a Securities Docket sponsor? Click here. Citizens Bank is the only bank in the country with a specialized group for class action and regulatory settlements, serving law firms, regulators and claims administrators. Administar [...]
The SEC is reportedly seeking information from brokerage firms about possible insider trading in at least 17 public companies, including IBM, 3M Co., Procter & Gamble, AIG, JPMorgan Chase & Co., Coca-Cola, Dell, the Wendy’s Arby’s Group, National City Corp., Sovereign Bancorp, General Growth Properties, WMS Industries, Alliance Data Systems, Goodrich Petroleum Corp., Allos Therapeutics, [...]