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Join the Securities Litigation and Enforcement Group on LinkedInSecurities Docket News Wire for Dec. 8, 2008
Court names Mark Pomerantz of Paul Weiss Rifkind Wharton & Garrison as receiver to protect Dreier LLP’s assets. http://is.gd/aN6j # Senate unanimously confirms NY prosecutor Neil Barofsky as special IG and watchdog over Treasury’s $700 billion rescue. http://is.gd/aMJH # Australia: More than 1/3 of investors in Firepower join possible class action vs. financial advisers who […]
Barry Sabin Joins Latham & Watkins in DC
Barry Sabin will join Latham & Watkins as a partner in the firm’s Washington, DC office. The firm announced today that Sabin will join it as a partner in its Litigation Department. Sabin joins Latham from the DOJ, where he served for 18 years, most recently as Deputy Assistant Attorney General for the Criminal Division. […]
Richard Wallace Joins Foley & Lardner in DC
Richard G. Wallace has joined Foley & Lardner as a partner in its Washington, D.C. office. The firm announced today that Wallace has joined its Securities Enforcement & Litigation and Securities, Commodities & Exchange Regulation Practices. Prior to joining Foley, Wallace was Vice President and Chief Counsel in FINRA’s Market Regulation Department. Prior to joining […]
Sharie Brown Joins DLA Piper in its DC Office
Sharie A. Brown has joined DLA Piper as a partner in its Washington, D.C. office. The firm announced today that Brown, whose practice includes representing multinational corporations and conducting internal investigations, audits, and transactional due diligence worldwide in the area of the Foreign Corrupt Practices Act (FCPA) and corporate ethics and compliance, has joined its […]
Dreier Indictment Released; Charges Dreier Confession Exists on Tape
Federal prosecutors have now released the federal indictment of Marc Dreier. Among other things it includes an allegation that Dreier admitted many of the key allegations against him in a tape recorded conversation, and that he also acknowledged being “ashamed” of his role in fabricating documents. Read the Indictment (via Am Law Daily)
SEC Brings Fraud Action Against Marc Dreier With Additional Details of Alleged Scheme
The SEC announced today that it has filed a lawsuit against New York attorney Marc S. Dreier, charging him with with fraud in connection with an elaborate scheme that raised at least $113 million from the sale of bogus promissory notes. Dreier is the founder and managing partner of Dreier LLP, a 250-attorney law firm […]
Breaking: Dreier Indicted in Federal Court (SDNY)
Am Law Daily reports that Marc Dreier, founder and sole equity partner of Dreier LLP, has been indicted and charged with theft in connection with the bizarre impersonation scheme previously discussed here. Dreier is scheduled to appear in the U.S. District Court for the Southern District of New York today, Am Law Daily’s sister publication […]
Sidney Liebesman Joins Wilmington’s Finger, Slanina & Liebesman as Name Partner
Sidney Liebesman has joined the Wilmington, Delaware law firm Finger & Slanina as a name partner. The law firm will now be known as Finger, Slanina & Liebesman. Liebesman was formerly a senior partner with the law firm of Grant & Eisenhofer, where he was centrally involved in the successful prosecution of securities fraud claims […]
Institutional Investors Receive $141 Million Jury Verdict Against Bank of America
Late Thursday, a federal jury in the SDNY returned a verdict finding Bank of America liable in the amount of $141 million in a securities fraud trial that centered on the sales of certain asset-backed securities in 1998. Bank of America must pay $141 million ($101 million plus interest) to a dozen institutional plaintiffs, including […]
Dreier LLP’s Marc Dreier Arrested in Canada in Bizarre Impersonation Case, 250-Attorney Firm’s Future in Doubt
Dreier LLP, a law firm with a significant securities litigation practice, is reportedly in danger of collapsing after the bizarre arrest last week in Canada of its founder, Marc Dreier, for allegedly impersonating an Ontario Teachers’ Pension Plan attorney in a sham business transaction. The WSJ reports that several partners interviewed say they have doubts […]