With public anger reaching a boiling point over plunging stock prices and Wall Street "greed," white-collar defense attorneys are preparing for an inevitable surge in criminal prosecutions. Some defense attorneys say they are confident that prosecutors will act responsibly, but other lawyers are concerned that the current climate could affect investigations. "If we saw hostility in [the] Enron climate, we are going to see hostility by a magnitude of tenfold" here, says attorney Mark C. Zauderer.
Criminal Prosecutions Predicted to Surge Over Financial Crisis
New York Law Journal
October 9, 2008