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BofA doesn't admit wrongdoing, but it has agreed to implement a host of governance reforms aimed at improving its disclosure and compensation practices. As part of these changes, the bank will take the unusual move of hiring an independent "disclosure counsel" to report to and advise the bank's audit committee on SEC disclosure for three years.
Tough and Relentless, Prosecutor Pulled No Punches During Astor Trial
By all accounts, Joel J. Seidemann, the veteran litigator who closed the case against Brooke Astor's son Anthony D. Marshall and lawyer Francis X. Morrissey, is pugnacious, unrelenting and highly effective. And Seidemann's take-no-prisoners advocacy paid off this week in what was one of the most high-profile cases of his 27-year career. On Thursday, its 12th day of deliberations, the jury in the Astor case delivered guilty verdicts on 15 counts of a 17-count indictment.Arbitration Scorecard 2011: Top Arbitration Firms
The firms handling the most arbitrations in 2009-10.Cite as: In re Lehman Brothers Holdings Inc., et al., 08-13555 (JMP), NYLJ 1202475147459, at *1 (SDNY, Decided November 16, 2010)Bankruptcy Judge James M. Peck
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