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Exactly what did Simpson Thacher & Bartlett partner Lynn Neuner know about the e-mails she disclosed in 2007 to New York Attorney General Andrew Cuomo on behalf of her then-client Steven Rattner? According to an explosive front-page story in The New York Times, that's an issue in the AG's escalating case against the financier.
Judge Applies SLUSA Exception, Keeps Securities Class Action in State Court
A federal judge in New York has permitted a securities class action lawsuit filed against defense contractor L-3 Communications Holdings to proceed in New York state court. Southern District of New York Judge John G. Koeltl ruled that breach of fiduciary duty claims brought by a shareholder pension fund were not barred from state court under the Securities Litigation Uniform Standards Act. The judge found that the claims fell within a savings clause for certain class actions.The Rising Cost of White-Collar Defense
Today's business person often deals in matters of increasing intricacy. As a result, when legal questions are raised, these executives find themselves in need of the expertise and investigative analysis of complex, highly skilled -- and increasingly expensive -- legal representation. Moreover, as such cases demonstrate, the corporate employer's obligation to fund the defense is often not a matter of largesse. Rather, it is required as part of the cost of engaging in the lucrative modern business world.Indicted Partner in Stock Fraud Scheme Was Acquitted in 1991 Texas Ponzi Case
The Baker & McKenzie partner indicted Friday on stock fraud charges in New York was previously tried and acquitted on similar charges in a 1991 case brought by federal prosecutors in Texas. Martin E. Weisberg and five other men were charged last week with participating in an illegal short-selling scheme that netted two Israeli investors $55 million. At the colorful trial, the jury heard Weisberg's voice from secretly recorded meetings with an undercover federal agent in an Atlantic City hotel room.District Judge Gerard E. Lynch U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Wayne E. Borgeest, Joan M. Gilbride, Robert A. Benjamin, Kaufman Borgeest & Ryan LL
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