Daily Archives: December 8, 2008, 11:59 pm

Securities 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 recommended it. http://is.gd/aMGY # SEC…

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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. While at DOJ, Sabin and…

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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 FINRA, Wallace served as branch…

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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 Litigation practice. Brown joins the…

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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 NYLJ reports. Read the Am…

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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 involving Tyco International, Royal Dutch…

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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 AIG, Allstate, Société Générale, Travelers,…

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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 Dreier LLP will survive. At…

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