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David Becker, the former SEC general counsel and current partner at Cleary Gottlieb Steen & Hamilton, has come under fire for not recusing himself from Madoff investor decisions when he was at the SEC. But there's a bigger problem highlighted by the SEC Inspector General's report.
2nd Circuit Abandons 2002 Ruling That Boosted Attachments
The 2nd U.S. Circuit Court of Appeals overruled a case Friday it said triggered a flood of maritime attachment orders and posed a threat to both the strength of the U.S. dollar and New York City's standing as an international financial center. Reversing course, the circuit said the incidental and momentary passage of electronic fund transfers through intermediary New York banks will no longer be sufficient to vest jurisdiction in maritime disputes.Ten Tips for Cutting a Successful Outsourcing Deal
Even with all the activity and experience managers have with outsourcing, 20 percent of 700 technology professionals surveyed reported that their outsourcing deals have not met their expectations. This shouldn't be the case. If your law firm or any of your clients are considering an outsourcing deal, following these 10 rules will offer greater potential for a successful outcome.Ropes & Gray on Blackstone-led China IT Acquisition
A consortium headed by U.S. private equity giant Blackstone Group is paying $625 million for Beijing-based Pactera Technology.Citrix leads in 'monster opportunity' of federal shift to Apple
Citrix Systems and Juniper Networks are among technology vendors that may benefit from a U.S. government search for ways to secure Apple's smartphones and tablet computers for federal employee use.Previous deal lands new client for K&S
King Spalding partner Jack D. Capers Jr. landed client Eclipsys Corp., the Atlanta-based health care data technology company that last week announced plans for a $1.3 billion merger with Allscripts-Misys Healthcare Solutions Inc., because of a deal he closed a few years ago.That deal, he said, was the sale of Alpharetta-based medical software provider Per-Se Technologies to health care company McKesson Corp.Trending Stories
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