• Jeffrey Epstein, Lawyers


    Here’s some terrible news sure to send you into a downward spiral ending on cold tiles of the Bear Stearns’s fourteenth floor men’s room, pants around your ankles and shotgun in hand (which, for some people—non-senior BSC executives—would be considered a bad thing): Jeffrey Epstein accuser, Maximilian Cordero, has broken it off with boyfriend/lawyer/blogger William […]

    / Mar 27, 2008 at 10:55 AM
  • Banks, Greg Fleming, Lawyers, legal, Merrill Lynch

    Will Fleming’s Grasp On High Office At Merrill Lynch Be Undone By Justice’s Criminal Investigation?
    Legal Experts Doubtful, But The Rumors Persist

    Wall Street abounds with speculation that Greg Fleming, who has managed to hold on to his position as sole president of Merrill Lynch through a whirlwind of management changes, might finally be facing a challenge that could shake him out of his elevated position. Fleming’s presidency has endured the worst losses in the history of […]

    / Feb 13, 2008 at 3:45 PM
  • Above The Law, Lawyers

    What Are The Lawyers For Anyway?

    Anyone who has worked on a deal of any size must have wondered at some point what all those lawyers could possibly be doing. The bankers put together the deal. The principals negotiate the gritty details and the final economics. So what are the lawyers doing, other than writing all this stuff down. It turns […]

    / Jan 11, 2007 at 10:02 AM
  • Apple, Back Dating, Lawyers, legal, Steve Jobs

    Introducing: The Steve Jobs Defense

    The recent disclosures about backdating at Apple and the receipt by Steve Jobs of backdated options grants seems to have created an entirely new line of legal defense: if Steve Jobs did it, it can’t be so bad. And, as we’ve discussed at length, it’s probably not a bad thing if Jobs role in backdating […]

    / Jan 11, 2007 at 9:30 AM
  • Amaranth, Lawyers, legal

    Amaranth Investors May Not Sue, Distributions On The Way

    Lawyers representing two sets of Amaranth investors have said they may not sue the failed hedge fund, Investment Dealers’ Digest writer Dan Freed reports. Scott Berman, an attorney with Friedman Kaplan Seiler & Adelman who represents investors in Amaranth, sees a possibility that no one will sue the hedge fund over its loss of more […]

    / Dec 1, 2006 at 3:10 PM
  • Bank of America, Lawyers, legal, video

    Just One “One”: But The Songs Are Not The Same

    Remember that video of two Bank of America employees singing a bastardized version of U2’s “One” to celebrate the merger of BofA and MBNA? The one that kind of made you cringe and hope you never have to go to another one of these corporate homecoming rallies again? Yeah, well, it made Universal Music Publish […]

    / Nov 20, 2006 at 9:39 AM
  • Amaranth, Lawyers, legal

    The Amaranth Meltdown: Let the Lawsuits Begin!

    The San Diego Country Employees Retirement Association, which lost more than $100 million in the Amaranth collapse, is considering bringing a lawsuit over the loss, Josh Gerstein at the New York Sun reports. Uh-oh. This may prompt a series of lawsuits, as Amaranth’s investors may find themselves in a race to the courthouse to grab […]

    / Oct 20, 2006 at 12:07 PM
  • Enron, Kenneth Lay, Lawyers, White Collar Crime

    The Ghost of Ken Lay Set Free!

    As expected, a federal judge voided Ken Lay’s conviction yesterday. The founder of failed energy trading outfit Enron had been convicted by a Texas jury of conspiracy and fraud for his role in the 2001 collapse of the company six weeks before his death. The judge in the case ruled yesterday that because Lay died […]

    / Oct 18, 2006 at 10:02 AM
  • Lawyers

    Is Larry Sonsini the Real Villain at Hewlett-Packard or a Scapegoat?

    The Hewlett-Packard mess is rapidly turning into a bloodbath. Board members who leaked to the press have been accused of breaching confidentiality. The non-executive chair Patty Dunn may be ousted when the board resumes its conference call this afternoon. We’ve even heard a few shots at the journalists covering the story—mostly, that journalists will do […]

    / Sep 11, 2006 at 3:31 PM
  • Lawyers

    Litigious Busybodies Want To Ruin Your Fried Chicken

    A group called the Center for Science in the Public Interest has filed a lawsuit against the operator of the KFC fried chicken chain, claiming that the use of trans fat from the partially hydrogenated oils used for frying makes eating KFC’s friend chicken more dangerous than eating other foods. Apparently, the Center doesn’t believe […]

    / Jun 13, 2006 at 3:30 PM
  • Citicorp, Lawyers

    Smith Barney Submits to Obi Wan’s Jedi Mind Trick

    Smith Barney has agreed to pay $98 million to settle claims made by class action lawyers, including one who is almost freakishly devoted to Star Wars, on behalf of thousands of current and former brokers that they are owed overtime pay and other reimbursements. The proposed settlement is the latest and largest by securities firms […]

    / May 24, 2006 at 9:32 AM
  • Lawyers

    Lawyers=Rounding Error

    Everyone hates when lawyers make money. Fortunately, they don’t really make that much money at all. At least when compared to the fees of investment banks setting up the deals. “New York transactional lawyers are extremely busy,” [American Lawyer editor in cheif Aric] Press said. “For you and me, what they are charging is a […]

    / May 16, 2006 at 12:30 PM
  • Heard in the Suite, Lawyers

    The Problem with Lawyers

    Muffie Benson-Perella (muffie AT is an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. Her regular column “Heard in the Suite” is a probing (and, ahem, fictional) weekly look into the secret lives […]

    / Apr 3, 2006 at 10:17 AM

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