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Comey Designates Several Key Deputies
ACTING U.S. Attorney for the Southern District James B. Comey continues to assemble his staff.Clifford Chance Turns to Partner From London To Halt U.S. Slide
WorldCom Civil Actions Take Shape
Almost one year after WorldCom's chairman resigned, a federal judge in New York is charting the course of one of the biggest stock fraud cases in history, handling hundreds of cases filed during the telecommunications giant's collapse and bankruptcy. The judge's task has been complicated by the introduction of claims alleging WorldCom's demise was abetted by Salomon Smith Barney and its former star telecom analyst Jack B. Grubman.Thanks to the Massachusetts secretary of state and his detailed allegations about the Fairfield Greenwich Group, counsel for the investors whose $7 billion was funneled to Bernie Madoff are claiming the group's recklessness amounted to fraud.
Pro Bono: Public Interest Projects
Thirteen attorneys from nine law firms who worked as counsel for victims of domestic violence have been honored by Sanctuary for Families. Also, next week marks the 30th anniversary of one New York City lawyer's annual fast, and one lawyer's devotion to the cause of Oxfam America. Read these stories and more news on local pro bono efforts.New Spitzer Biography Reveals 'Crusading Good Kid' With a Dark Side
Thanks to Eliot Spitzer's highly publicized attacks on fraud in the financial services industry, he's arguably the most famous New York-based prosecutor since Thomas Dewey. And he's the overwhelming favorite to win the Democratic nomination for New York governor. Attorney Michael Stern reviews a new Spitzer biography, "Spoiling for a Fight," by Brooke A. Masters, noting "there's a dark side to Eliot Spitzer the crusading Good Kid, of course, and Masters is scrupulous in painting that portrait as well."The bond insurer MBIA Inc., which nearly went broke insuring mortgage-backed securities underwritten by Countrywide Financial Corporation, scored a big win on Tuesday in its effort to wrest back $1.4 billion from Bank of America.
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