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Join the Securities Litigation and Enforcement Group on LinkedInEx-Anglo Irish Bank chief jailed for six years for fraud | Financial Times
The former chief executive of Anglo Irish Bank has received a six-year prison sentence after his conviction for a €7.2bn fraud and false accounting at Ireland’s failed lender. David Drumm, 51, joins the very small club of senior banking executives to be put behind bars in connection with the 2008 financial crisis. via Ex-Anglo Irish […]
Ireland: Not a Single White-Collar Defendant Jailed in History of ODCE
Irish official cites “incredibly high” proof thresholds for white-collar crime.
Head’s Up!!!
When Flemish shareholders of Fortis revolted at a heated meeting in Ghent, Belgium last month by throwing shoes, coins and even ballot boxes at Fortis board members, we were willing to dismiss it as an isolated incident. After today’s egg-throwing developments in Dublin, Ireland, however, we think it is time to declare a new, full-blown Eurotrend: shareholders venting their fury at corporations by throwing things at board members.
PwC’s Ireland Office Named as Defendant in Madoff Case Filed in Miami
The U.S. remains the hub of Madoff litigation and fall-out, but activity in the rest of the world is beginning to heat up, as well. The Independent in Ireland reports that the Dublin, Ireland office of accounting firm PwC has now been named in a securities class action just filed in the United States in […]
Northern Ireland Local Government Officers’ Superannuation Committee Co-Lead in Lehman Case
The Northern Ireland Local Government Officers’ Superannuation Committee has stepped up to serve as co-lead plaintiff in the securities class action against U.S. investment bank Lehman Brothers Holdings Inc. (LEH). According to the WSJ, the pension fund is responsible for the pensions of Northern Ireland’s public sector employees and allegedly bought 197,700 Lehman shares between […]