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Former WorldCom CEO Bernie Ebbers seeking pardon from Pres. Bush, submits petition for commutation of 25-year sentence. http://is.gd/a99i # 1st Circuit finds SEC complaint in Tambone sufficient to plead 17(a) and Rule 10b-5, reverses lower court’s dismissal. http://is.gd/a6T7 # Indictment unsealed of individuals who created fake companies, filed false claims for share of class action […]
Former WorldCom CEO Bernard Ebbers, now serving a 25-year prison sentence for his role in a massive accounting fraud, has petitioning for clemency from President Bush The DOJ stated today that Ebbers has submitted a petition for commutation of his 25-year sentence to the Office of the Pardon Attorney, Reuters reports. Other high-profile financial felons […]
A reader just provided us with a heads up on the First Circuit’s decision in SEC v. Tambone, a copy of which we immediately posted to the Securities Docket News Wire (scroll down homepage a bit, on left). The opinion is 105 pages long, so it may be some time until a post about it […]
Presenting the Federal Bailout Application Form that is “so simple, and easy to use, that even Skadden Arps should bill no more than $2.7 million to review it.” Read the Federal Bailout Application Form (via @derekabdinor‘s Twitter feed)
Does Obama watch CNBC? I guess we’ll find out. And we’re going to tag this post “Humor” until we hear otherwise! (via Dealbreaker)
Three former white collar/securities litigation partners in Clifford Chance’s New York office have left the firm and are “understood” to be in advanced talks with New York law firm Skadden Arps Slate Meagher & Flom, The Lawyer reports. The three partners are John Carroll, Warren Feldman and David Meister. Carrol (pictured) and Meister are former […]
Guest columnists George T. Conway III and Lauryn P. Gouldin of the law firm Wachtell, Lipton, Rosen & Katz discuss the Second Circuit’s decision in National Australia Bank, which they describe as a significant victory for foreign companies.