John Olson, a senior securities partner at Gibson, Dunn & Crutcher, says he knows which two cases are about to become the talk of the securities bar.
One, the U.S. Securities and Exchange Commission’s action against billionaire Mark Cuban, has already generated a lot of hype. But the other one — a suit that has so far kept a low profile — could be even more significant. It’s the case brought by the SEC last month accusing a Deutsche Bank Securities bond salesman and a former Millennium Partners hedge fund manager of insider trading in credit default swaps — the derivatives blamed for much of the economic meltdown.
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