Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”):
- A visit to the U.S. Supreme Court does not necessarily mean the end of a securities class action, even if the defendants win their legal argument.
- QUIN HILLYER, THE AMERICAN SPECTATOR (March 6, 2009): Cox Exchange
In short, rarely has anybody been blamed for so many things over which he had no authority, no responsibility, or with which he had no remote connection the way Christopher Cox has. - ADAM ZAGORIN AND MICHAEL WEISSKOPF, TIME (March 3, 2009): The Inside Story on the Breakdown at the SEC
Historians looking for an early sign that the worst financial crisis since the Great Depression might be worse than expected could do worse than listen in on a predawn teleconference one Friday last spring that was missing a crucial voice: Christopher Cox - ALISON FRANKEL, THE AMERICAN LAWYER (March 3, 2009): Anatomy of a Crack-Up: The Marc Dreier Case
Dreier has pleaded not guilty to prosecution charges, but the truth is that for at least the last four years, his professional life has been a sham. He was not the high-flying litigator or convention-busting law firm innovator he so badly wanted to be. - WHITE COLLAR CRIME PROF BLOG (March 3, 2009): Shortcuts on FCPA Due Diligence Today Will Be Costly Tomorrow
Companies and individuals will face enforcement scrutiny because they did not fight the tendency to shortcut legal compliance, internal controls, and due diligence procedures designed to prevent and detect violations of the FCPA.
