Daily Archives: February 10, 2009, 11:59 pm

Wednesday is Indictment Deadline in Madoff Prosecution

Federal prosecutors have until Wednesday to indict Bernard Madoff or seek a second extension from the court handling the case.  AFP reports that prosecutors in the SDNY would not reveal their plans, saying only that both options remained available. Prosecutors and Madoff already agreed to a 30-day extension in mid-January, and AFP reports that many observers believe the same thing…

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Henry DePippo Joins Kirkland & Ellis in New York

Henry J. DePippo has joined law firm Kirkland & Ellis as a partner in its New York office.  The firm announced yesterday that DePippo has joined its Litigation Practice Group and that his focus will be on the firm’s white collar criminal defense and securities enforcement practice. DePippo joins Kirkland & Ellis from Nixon Peabody, where he was a partner…

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Closing Argument for the Defense: The People vs. SEC Division of Enforcement

Ladies and gentlemen of the jury, you have heard the People’s case against the Securities and Exchange Commission’s Division of Enforcement. It now rests in your hands to decide whether this is a guilty party.

In a span of less than one year, the public’s assessment of the Enforcement Division-particularly by certain members of Congress and the media-has gone from highly positive to today’s incendiary charges that the Enforcement Division is incompetent, non-existent, misguided, and somehow responsible for the financial crisis spreading across the globe.

These charges are false, and you should find the Enforcement Division not guilty in this matter.

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Russia: PM Putin Orders Crackdown on Insider Trading

Russian Prime Minister Vladimir Putin has ordered a crackdown on insider trading in Russia’s ailing stock markets.  The Times Online reports that Putin said yesterday that traders guilty of insider trading would face “real and unavoidable” punishment including prison terms of up to seven years under proposed new legislation that may be completed by May 2009. Vladimir Milovidov, head of…

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