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October 22, 2009 |

Internal Investigations May Follow Hedge Fund Insider-Trading Charges

The insider-trading charges announced by federal prosecutors in Manhattan against five top executives and hedge fund billionaire Raj Rajaratnam on Friday are sure to affect how attorneys advise their corporate clients, say several white-collar defense lawyers.
6 minute read
August 23, 2007 |

Lawyers 'Flying Blind' On Options Penalties

The stock-options backdating scandal has produced 16 criminal prosecutions, 100 corporate earnings restatements totaling $12.4 billion, and the disclosure that 220 companies have been subject to internal or federal investigations. It has also produced some very nervous white-collar criminal defense lawyers . . .
5 minute read
June 25, 2010 |

$56 Million Fee Approved in Class Action Over Backdating

A New York federal judge has approved a $56 million fee for Pomerantz Haudek Grossman & Gross for its work as lead counsel in a class action over alleged backdating against Comverse Technology. Judge Nicholas Garaufis on Thursday approved a fee of 25 percent of a $225 million settlement, which the judge also signed off on in In re Comverse Technology Inc. Securities Litigation. Marc Gross, a name partner at the 25-lawyer firm, said the fee award "is the largest in our 75-year history."
4 minute read
May 24, 2002 |

Defense Bar Mobilizes Behind Stewart

CALLING the indictment of Lynne Stewart for supporting terrorism an unprecedented attack on the attorney-client privilege, members of the defense bar are trying to mobilize support for the embattled criminal lawyer.
6 minute read
June 17, 2005 |

How Marathon Talks Split Adelphia, Rigas Assets

After months of negotiations, John and Timothy Rigas, the father-and-son duo who controlled the cable giant Adelphia, are to be sentenced Monday for conspiring to use the company as their personal piggybank. Normally, the Rigases would have been sentenced by the end of 2004, Adelphia would have likely settled the SEC charges, and the bankruptcy court would be administering creditors' claims. But there was nothing normal about these circumstances as the government and Adelphia soon vied for the same assets.
8 minute read

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