Two attorneys at the SEC are reportedly under “active” criminal investigation by the FBI for insider trading. CBS News reports that the accusations against the two lawyers, whose names have not yet been released, are detailed in a report by the SEC inspector general that is based on “more than two years of e-mail and brokerage records.” According to the…
The Carlyle Group has agreed to pay $20 million and make broad changes in its practices under a settlement reached with the NY Attorney General, Andrew M. Cuomo, as part of Cuomo’s investigation into corruption of the state pension fund. The NYT reports that under the deal, Carlyle executives and the firm will not face any further action, including criminal…
Michael J. Edney has rejoined law firm Gibson, Dunn & Crutcher LLP as of counsel in its Washington, D.C. office. The firm announced yesterday that Edney joins its Litigation Department, and its White Collar Defense and Investigations, Crisis Management, and Appellate and Constitutional Law practice groups. Edney rejoins Gibson Dunn after four years of government service. From 2007-2009, he was a…
Remember German state-owned bank KfW, dubbed “Germany’s dumbest bank” by the country’s largest circulation newspaper after it transferred €319m (approximately $426 million) to Lehman Brothers on September 15, the day it went bankrupt? Well, KfW, please meet San Francisco-based management investment company iShares! A class action filed May 12, 2009, in federal court in San Francisco alleges that although iShares…
Alex Lipman has joined law firm Stroock & Stroock & Lavan as a partner in its New York office. The firm announced today that Lipman has joined its Litigation Practice Group. Lipman joins the firm from Jenner & Block, where he was a partner.Previously, Lipman has served as an AUSA in the Southern District of New York, where he was…
Lead plaintiff named in Satyam Computer Case, SEC Staff reportedly issues Wells Notice to Angelo Mozilo, $12 Billion Withdrawn from Madoff firm, Sun Microsystems discloses potential FCPA Violations, and more.
Add yet another lead plaintiff appointment to the Public Employees’ Retirement System of Mississippi’s workload. Yesterday, Judge Barbara Jones of the U.S. District Court for the Southern District of New York appointed the fund co-lead plaintiff in the Satyam Computer Services Ltd. The case is at least the eleventh in which Mississippi PERS is now the lead or co-lead plaintiff,…