Legal Week at DealBreaker
Law-related stories are proliferating over at our big sibling site, DealBreaker. Here are three from yesterday afternoon alone:
1. Goldman Sachs Acquitted of All Charges. It's good to be Goldman:
"In an effort to uphold the rule that the Masters of the Universe can pretty much get away with anything simply because they’re the Masters of the Universe (see, also: Jobs, backdating), a federal judge has ruled that Goldman cannot be included in a lawsuit by Fannie Mae shareholders."
2. Dow Jones Insider Trading Watch: Two Charges, Dow Jones Director Scutinized. Hmm, this sounds a wee bit fishy to us:
"[T]he SEC filed a lawsuit against a Hong Kong couple, Kan King Wong and Charlotte Ka On Wong Leung, accusing them of insider trading. The couple had purchased $15 million of Dow Jones shares prior to the May 1st announcement."
They liquidated the position after News Corp.'s unsolicited offer to boy Dow Jones, for a tidy profit of $8.2 million. More details here.
3. In the Future of a Defamation Lawsuit, Dimon Is the Law. Here's a teaser, concerning the lawsuits that are flying between Dow Chemical and a former executive and board member: "It’s the legal equivalent of a John Woo action scene."
You can check out the full post here.
(2) Comments
Posted In: Asians, Blogging, Defamation, Goldman Sachs, Insider Trading, Vicious Infighting, Wall Street, White-Collar Crime
No. THIS is the legal equivalent of a John Woo action scene.
http://www.abovethelaw.com/2006/11/now_that_would_have_been_the_m.php
The word "meeting" appears five times in the other post. John Woo is way too cool to write movies that are about paunchy men in suits sitting around being passive-aggressive.
Lat, why don't you report on the legal goins-on at dealbreaker? Solengo, a new hedge fund, brought suit agianst dealbreaker and its bloggers (and parent) for illegally posting their offering materials.
Dealbreaker at first was defiant, but eventually backded down and pulled the post (you'll see pictures of puppies now).
Dealbreaker ran days of stories on it, but silence from the legal little sibling. Of, and Elizabeth Spiers, the founder of dealbreaker, left. Some say because of the lawsuit.
So Lat, are you worried about getting canned? Did Spiers hire you? Why no mention of her departure, then?