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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Dec. 3, 2008
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 Bernie Ebbers Seeks Pardon from Pres. Bush
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 […]
Using the “Securities Docket News Wire”
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 […]
Federal Bailout Application Form (Satire)
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)
Cramer for SEC Chairman?!
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)
John Carroll, Warren Feldman and David Meister Leave Clifford Chance
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 Column: Second Circuit’s Decision in National Australia Bank is Significant Victory for Foreign Companies
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.