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John C. Coffee, Jr., Professor of Law at Columbia University Law School, writes that the WorldCom decision makes clear that Rule 176 provides no real protection from Section 11 liability, and the SEC's "securities offerings reforms" did nothing to change that. He suggests extending a qualified immunity to independent directors if they adopt procedures that promise far more careful investigations than in the past.
September 15, 2005 at 12:00 AM
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The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS