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In a sign the pipeline for crisis-era cases has largely run dry, the SEC renamed the unit that brought many of its cases for shoddy mortgage securities that allegedly fueled the 2008 financial crisis. The “Structured and New Products Unit” is being renamed the “Complex Financial Instruments” unit, SEC Enforcement Director Andrew Ceresney will tell […]
I’m calling it. With not a single new addition to our once booming list in a full month, I hereby declare that the law firm Financial Crisis Practice Groups trend is dead. Time of death: 5:40 pm, January 3, 2009. I further order that the “Law Firm Financial Crisis Groups Hub” graphic that was formerly on […]
What do plaintiffs’ firm Coughlin Stoia, 1,100 attorney-plus law firm Holland & Knight, and 650-attorney Duane Morris have in common?
The Bernard Madoff practice group, of course!
The once-“emerging trend” of law firm Financial Crisis Practice Groups is now fully-developed to the point that it is hardly even news anymore when a law firm adds such a practice or group. Securities Docket will continue to track developments in this area but rather than announcing each new financial crisis group as it is […]
Holland & Knight has formed a Financial Recovery Team “to assist clients with the dramatic and unprecedented developments in the global financial markets.” In response to a financial system that “is changing at a dramatic and unprecedented pace,” Lowenstein Sandler has created a Global Financial Crisis Group to “provide clients comprehensive and up-to-date analysis and […]
We’ve seen practice groups, task forces, and websites so far, and now we have our first “Financial Markets Crisis Blog.” The Financial Markets Crisis Blog is put out by law firm Alston & Bird, which is already on our good side for its Securities Litigation Blog. Full Coverage of Financial Crisis Practice Groups
Not that there was any doubt now that more than a a dozen law firms (click here for full coverage) have jumped on the Financial Crisis practice group/task force train, but we think you can safely declare something officially a “trend” when the WSJ runs an article and video on it. Today, the WSJ notes […]
Our running list of law firms launching Financial Crisis practice groups and task forces grows daily. The latest to add to the list are: Foley & Lardner: Foley launched a Financial Crisis Response Team on September 23, 2008. The Team “enables corporations, financial service providers, and individuals to understand the implications and opportunities resulting from […]
Law firm Gardere Wynne Sewell has created a new Financial Crisis Recovery Team to take “action on behalf of local businesses as the impact of the current global financial crisis begins to affect the Texas market.” According to a statement by the firm, the team “brings broad expertise in complex litigation, government and corporate affairs, […]
Two more firms join our growing list of law firms that have formed groups (or task forces!) to respond to the current financial crisis and rescue. Steptoe & Johnson announced on Friday that it has launched a Troubled Asset Task Force, which will “advise financial institutions, sellers and purchasers of assets, asset managers, and program […]