Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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Wall Street firms on Friday agreed to pay regulators $1.4 billion in fines for their role in fueling the market bubble. Of the $1.4 billion, $900 million is going toward "retrospective relief," or fines for past actions, $450 million will fund independent research and $85 million will be for investor education. According to New York AG Eliot Spitzer, a deadline for firms to pay the fines will be set within the next couple of weeks.
December 24, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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