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BlackRobe Capital may have been backed by plenty of high-profile legal talent, but it turns out that wasn't enough to keep the litigation funding firm afloat.
Before the SEC brought civil insider-trading charges against the Deutsche Bank bond salesman who allegedly tipped off a hedge fund portfolio manager, Deutsche Bank conducted its own investigation of contacts between the two men, in which Khuzami himself questioned the bank's bond salesman. After the internal investigation, Deutsche Bank took no action against its salesman--meaning that the SEC lawyers who filed suit disagreed with the judgment of the man who's now their boss.
A Goldman Sachs & Co. spokesman has told the Litigation Daily that the company won't try to recoup the legal fees that it paid for Fabrice Tourre's defense, despite a jury's finding that the former trader committed fraud.
Gimme! That Work Is MINE! Microsoft Signs Outsourcing Deal With Integreon
Microsoft has signed a new deal with Integreon that will see the legal process outsourcing company carry out further legal support services for the software giant. The new agreement confirms Integreon as Microsoft's exclusive provider of offshore managed document review.Litigation over Lehman Brothers' collapse exposed a transatlantic rift over the laws governing structured finance; Is P.R.I.M.E. Finance the solution?
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