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SEC Whistleblower, Rejecting Award, Cites Revolving Door for Lax Enforcement
Former Deutsche Bank risk officer Eric Ben-Artzi grabbed headlines this year when he said he was rejecting a multimillion-dollar SEC whistleblower award. In refusing any compensation, Ben-Artzi put a spotlight on the revolving door at the agency: "So why did the SEC not go after Deutsche's executives? The most obvious concern is that Deutsche's top lawyers 'revolved' in and out of the SEC before, during and after the illegal activity at the bank," he said. Last week, U.S. Sen. Elizabeth Warren, D-Massachusetts, long a critic of SEC Chair Mary Jo White's leadership, raised new concerns in a letter to President Obama.
The Asian Lawyer Announces Finalists for Emerging Markets Awards 2016
Baker & McKenzie and Herbert Smith Freehills are among the firms receiving most nominations. Winners will be announced on Thursday, November 24, 2016, at the Four Seasons Hotel in Singapore.
Caesars Deal Means End of Fee Frenzy for Bankruptcy Lawyers
A $5 billion agreement resolves billions of dollars in potential damage claims by disgruntled creditors, and brings the bankruptcy, which has spun off as much as $200 million in legal fees to a group of firms, a giant step closer to an end.
Litchfield Cavo Opens Atlanta Office; and Other 'On the Move' News
Litchfield Cavo, a Chicago-based insurance defense firm, has opened an Atlanta office with partners Jay Barber from Taylor English Duma and Kindu Walker from The Finley Firm.
Milbank Finalizes Agreement for Relocation to Hudson Yards
Milbank, Tweed, Hadley & McCloy, which has been downtown since its founding 150 years ago, has made official its move to the development site on Manhattan's West Side. Like other law firms anticipating a large office relocation, Milbank raised partner capital contributions to help finance the move.
Chicago Firm Vedder Price Opens Singapore Office
Chicago-based Vedder Price has opened its first Asian office in Singapore, banking on the growth of aircraft finance work.
Deal Watch: Freshfields Fuels Up With Racing, Software Sales
The London-based legal giant is advising Hewlett-Packard on the sale of its software business and CVC Capital Partners on the sale of Formula One racing.
Retiring Boomers Pose Big Challenges for Firms
Poor succession planning can lead to the loss of substantial client relationships, among other problems, experts say.