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Thelen LLP announced today that its Partnership Council has recommended to the full partnership that the firm close its doors effective Dec. 1. The partnership has seven days to vote on the recommendation. The firm stated that “the decision to dissolve the firm was precipitated by several economic factors, including recessionary pressures and numerous partner […]
Law firm DLA Piper has published the latest memorandum regarding the new SEC Enforcement Manual (previously discussed here). The memo observes that “the Manual provides a window into SEC enforcement operations and should be helpful in dealing with SEC enforcement counsel, particularly during the investigative phase of a matter.” DLA Piper examines several key provisions […]
A Latin America Corruption Survey conducted by US law firm Miller & Chevalier and six Latin American law firms indicates that corruption continues to be a widespread and costly problem for businesses in the region. Miller & Chevalier’s Homer Moyer stated that “Respondents to our survey see corruption as a significant obstacle for their businesses. […]
Beginning today, Securities Docket is publishing guest columns on topics of interest to our readers. If you would like your article to be seen and read by thousands of securities litigation attorneys, in-house counsel, institutional investors, executives, accountants, consultants, regulators and other professionals throughout the securities litigation industry, Securities Docket is the only place that […]
Former Milberg Weiss Bershad & Schulman name partner Steven Schulman was sentenced on Monday to six months in federal prison for his role in a scheme to pay clients to serve as plaintiffs in securities class action lawsuits, Reuters reports. Schulman’s sentencing came on the same day as that of his fellow former name partner, […]
Guest column by Christopher F. Robertson and Erik W. Weibust of the law firm Seyfarth Shaw LLP. Mr. Robertson is a partner and Mr. Weibust is an associate in Seyfarth Shaw’s Securities Litigation Practice Group. With the recent collapse of the financial markets dominating the headlines, the plaintiffs’ bar is well on its way to […]
David Bershad, a former name partner of Milberg Weiss Bershad & Schulman (now known as Milberg), was sentenced today to six months in prison for his role in a kickback scheme that induced clients to file securities suits, the WSJ reports. The firm itself paid a fine of $75 million, former partners Melvyn Weiss and […]
Daniel E. Wenner, former AUSA in the Business and Securities Fraud section of the Eastern District of New York, has joined Day Pitney. Day Pitney announced today that Mr. Wenner is joining the firm’s White Collar Crime & Government Investigations practice. Mr. Wenner also previously served as corporate counsel at Pfizer Inc. Read the […]
Last week I hosted a webcast for Compliance Week in which Douglas N. Jacobson of the law firm Strasburger & Price delivered a presentation entitled “Minimizing Risks of Violating the U.S. Foreign Corrupt Practices Act.” Mr. Jacobson presented some very current information and had excellent materials, including a slide with the chart below that shows […]
From the Bad Ideas file: “Class Action Killers is a 3D 3rd-person shooter game. Attorney Max Fees has dispatched his lethal lawyers to destroy the city. You must stop his lawyers and put an end to Max Fees. Be especially careful of the female lawyers as they love to attack from behind. Use your arrow […]