Daily Archives: December 9, 2008, 11:59 pm

Securities Docket News Wire for Dec. 9, 2008

Copy of compaint filed in SDNY by Wachova against Dreier LLP. http://is.gd/aVXg # Although Marc Dreier was sole equity partner in his 250-lawyer firm, Wachovia lawsuit targets every lawyer in firm. http://is.gd/aVHF # France: Former Airbus VP alleged to have knowledge about aircraft production delays charged with insider trading. http://is.gd/aQdJ # SEC tells judge that Marc Dreier “did attempt and…

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Joseph McLaughlin Joins Bingham McCutchen in New York

Joseph T. McLaughlin has joined Bingham McCutchen as of counsel in its New York office. The firm announced today that McLaughlin has joined its Securities Area. McLaughlin was previously chairman of Heller Ehrman’s New York office from 2002 to 2007, and is also a mediator and arbitrator with JAMS.  McLaughlin was also previously general counsel and later executive vice president…

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Steal, Hack, Create, Bribe, Seduce… Just a Few of the Ways to Get Your Hands on Inside Information

Over the years we’ve seen numerous efforts and plots to gain insider information through means ranging from theft and bribery to computer hacking and even seduction. Others have gone so far as to “self-generate” market-moving information (which sometimes has actually been true, but usually is false). In this column, we take a walk through some of these schemes, including the legendarily unsuccessful “Business Week” scheme, and offer a quick verdict on their degrees of success.

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Events This Week

Securities litigation-related events this week include: December 11, 2008 Credit Default Swaps: Exploring the Controversy – Market Forces, Litigation, Regulation, Accounting & Tax Grand Hyatt Hotel, New York December 11, 2008 Securities Litigation During The Credit Crisis: Current Developments and Strategies The House of the Association, New York, NY

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Why Your Company Should Become a Securities Docket Sponsor in 2009

Yesterday, over 1,000 unique visitors viewed thousands of pages on Securities Docket.   In just three months, Securities Docket has become the most comprehensive and timely source of news, commentary and data about securities litigation and enforcement worldwide, and has attracted a huge audience of lawyers and other professionals who rely on Securities Docket as their “one-stop” way to quickly and easily…

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France: Former Airbus VP Charged With Insider Trading

In Paris, former Airbus VP Olivier Andries, suspected of profiting from inside information about aircraft production delays, has been charged with insider trading, a legal official said Tuesday. EasyBourse reports that Andries, who denies wrongdoing, was charged Friday and released on bail of EUR130,000.  The charges against Andries are the latest development in a probe focusing on more than a…

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What is the Opposite of Breaking News?

We don’t know what the opposite of breaking news is called (“unbreakable news”?), but whatever you call it, here is some from CCH about the US Attorney for the Southern District of New York: “US Attorney Makes White Collar Crime a Priority” In other unbreakable news from a while back: “SEC expected to keep watching out for investors” Stay tuned!

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Dreier Update: SEC Receiver Appointed; Dreier May Have Transfered Funds While in Canadian Prison

A couple articles last night provided additional details on the quickly-developing and puzzling Marc Dreier story. First, the New York Law Journal reports that Judge Miriam Goldman Cedarbaum of the SDNY, who is handling the SEC’s complaint against Dreier, said she will appoint Mark Pomerantz of Paul Weiss Rifkind Wharton & Garrison as receiver to protect Dreier LLP’s assets. Second,…

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