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Join the Securities Litigation and Enforcement Group on LinkedInCooperman, Selzer Sentenced in Milberg Criminal Probe
On Monday, U.S. District Judge John Walter of the U.S. District Court for the Central District of California sentenced the final two defendants in the Milberg Weiss criminal probe. Judge Walter sentenced former Beverly Hills eye doctor Steven Cooperman to four months in prison and two years of supervised release and ordered him to […]
Court Rules Loss in AIG Financial Fraud Greater than $500 Million
Judge Christopher Droney of the US District Court for the District of Connecticut ruled Friday that the loss by shareholders of AIG as a result of a scheme to manipulate the company’s financial statements was more than $500 million, the AP reports. The ruling means that five former insurance executives already convicted of the scheme […]
Former UBS Executive Mitchel Guttenberg Sentenced to 6 1/2 Years for Role in Insider Trading Scheme
Mitchel Guttenberg, a former executive director at UBS, was sentenced to six and a half years in prison today for his role in an insider trading scheme, SwissInfo reports. Guttenberg reportedly served on UBS’s Investment Review Committee, which approves analyst recommendations to upgrade or downgrade company shares. Prosecutors said Guttenberg tipped others about the UBS […]
Lawrence Zweifach and Two Others Join Gibson Dunn From Heller Ehrman
Lawrence Zweifach has joined Gibson, Dunn & Crutcher as a partner in its New York office, the firm announced today. Zweifach practices in the area of securities and antitrust litigation, as well as white collar defense and investigations. Zweifach was previously a shareholder with Heller Ehrman, and as well as an AUSA in the Eastern […]
In Troubled Times, Some Law Firms Poised for Huge Years Ahead
Even with some venerable law firms going under and many of the biggest clients in the financial services area disappearing altogether, some lawyers and firms may emerge as big winners in the current financial crisis. In an article on Friday, Reuters identified a number of law firms that seem poised to see record fees in […]
SEC Obtains Final Judgment Against Former MHR Audit Committee Chairman
The SEC announced that on October 31, 2008, the United States District Court for the Northern District of Texas entered a final judgment against Donald A. Erickson, the former audit committee chairman and a former director of Magnum Hunter Resources, Inc. for insider trading. The SEC’s complaint alleged that Erickson purchased MHR securities in advance […]
Former Heller Partner David Chu Joins Dechert in Hong Kong
David Chu has joined law firm Dechert as a partner in its Hong Kong office. Chu, who was previously a partner with Heller Ehrman in Hong Kong, will join Dechert’s white-collar and securities litigation practice, Asia Legal Business reports. Dechert Chairman Barton J. Winokur stated that “David Chu’s presence will significantly enhance our capability to […]