Daily Archives: November 5, 2008, 8:59 pm

Early Line on the Next SEC Chairman?

According to the Legal Times, the current economic crisis is leading to calls for a high-profile name to lead the SEC during the Obama administration. The name at the top of nearly everyone’s list?  Columbia Law School professor Harvey Goldschmid, Legal Times reports, although he apparently did not help his cause by “only” donating $2,300 to Obama.  Goldschmid was an…

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Advisen Report: “The Subprime Mortgage Meltdown, the Global Credit Crisis and the D&O Market”

Advisen Ltd. has produced an interesting new report entitled “The Subprime Mortgage Meltdown, the Global Credit Crisis and the D&O Market.”  The report raises Advisen’s forecast of insured losses to D&O insurers as a result of the meltdown of the subprime mortgage market and the ensuing credit crisis to $5.9 billion.  Its prior forecast in February 2008 had been $3.6…

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“Should Insider Trading by Congress be Prohibited?”

Via a website called ProCon.org we stumbled upon, we hereby provide you with more information than you knew even existed and more than you will ever need on the subject: “Should insider trading by Congress be prohibited?” ProCon.org is a 501 (c)(3) nonprofit public charity with the mission of “Promoting education, critical thinking, and informed citizenship by presenting controversial issues…

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Despite Earlier Wells Notices, SEC Staff Will Not Recommend Enforcement Action Against Mannatech and Execs

The staff of the SEC’s Division of Enforcement has notified Mannatech Inc. that despite earlier Wells Notices, it has now completed its investigation of Mannatech and will not recommend enforcement action against the company.  Mannatech announced that it has also been informed by the staff that it will not recommend enforcement action against Mannatech’s CFO and the Chairman of the…

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Treasury Dept. Awards Big Contracts for Bailout Legal Work to Squire Sanders and Hughes Hubbard

As previously discussed here, some law firms are poised to generate significant fees from the current financial crisis.  To that list we can now law firms Squire, Sanders & Dempsey and Hughes Hubbard.  On Monday, the US Treasury announced that it will pay the two firms approximately $5.5 million each to assist the Department in the implementation of the Capital…

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