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Timothy Hoeffner Joins DLA Piper in Philadelphia and NY offices
Timothy E. Hoeffner has joined DLA Piper as a partner in the firm’s Philadelphia and New York offices. DLA Piper announced that Hoeffner has joined its Litigation practice, and that he comes to DLA Piper from Saul Ewing, where he served as chair of the Corporate Governance Practice. Hoeffner concentrates his practice in complex securities […]
Gensler Not Committed to CFTC-SEC Merger
Although there has been considerable speculation about whether the Commodity Futures Trading Commission will be merged with the SEC, the proposed new head of the CFTC, Gary Gensler (pictured), has told lawmakers he isn’t committed to such a merger. Bloomberg reports that Gensler made the comments in a written response to questions from Senator Carl […]
Be Very Careful How You Answer This Question!
Before U.S. District Court Judge Jed Rakoff decides whether to free Marc Dreier on bail, the judge has asked prosecutors and Dreier’s lawyers to research and answer an important and interesting question: Are the armed guards free to shoot Dreier should he attempt to flee house arrest? “Are these armed guards authorized to shoot him?” […]
Report: 3 Million Madoff Victims
There is not a lot of detail in this article, but the Kuala Lumpur News reports today that direct and indirect victims of the alleged fraud by Bernard Madoff have reached 3 million. The article cites Spanish law firm Cremades Calvo-Sotelo for the statistic, and states that the firm’s president said the figure was calculated […]
Five Top Professors File Amicus Brief in Support of Mark Cuban in Insider Trading Case
Five prominent professors from Yale, Harvard, UCLA, Chicago and SMU have filed an amicus brief on Mark Cuban’s behalf in his insider trading case. In the amicus brief, filed Monday according to the WSJ Law Blog, the professors — Alan Bromberg, Allen Ferrell, Jonathan Macey, Todd Henderson and Stephen Bainbridge — argue that “In the […]
Paul Bessette, Michael Biles and Jesse Weiss Join Greenberg Traurig in Austin, Texas Office
Paul R. Bessette (pictured), Michael J. Biles and Jesse Z. Weiss have joined law firm Greenberg Traurig in the firm’s Austin, Texas office. The firm announced that Bessette joins as a national co-chair and Biles and Weiss join as shareholders in the Securities Litigation Practice. All three join from the Securities Litigation Group at Akin […]
DOJ, FBI Officials Say Barrage of “Perp Walks” Coming in 2009
To date, the financial crisis has resulted in high-profile “perp walks” in just two cases: the two Bear Stearns hedge fund managers charged with securities fraud, and the two Credit Suisse brokers also charged with securities fraud in selling ARS. That is about to change, top law enforcement officials told Fox Business News. A DOJ […]