That’s what some of you were wondering with respect to Maury B. Saiger, the associate at Stroock & Stroock & Lavan in New York, who sent out a now infamous email yesterday. After we posted his email, his bio disappeared from the Stroock website. Had he been fired?
No. Maury Saiger’s bio is back online. Our sources at Stroock tell us that they are not aware of any adverse employment action being taken with respect to Mr. Saiger.
But we do hear that the firm’s Executive Committee threw a s**t fit yesterday, after we posted Saiger’s email. There were some very unhappy campers at Stroock yesterday.
More about the fallout from this episode appears after the jump.
Our sources at Stroock advise us as follows:
1. Yesterday the Executive Committee, just like Maury Saiger, completely lost its s**t. Within two hours of our post, the Executive Committee convened to discuss the incident.
2. The Executive Committee quickly briefed the Associate Committee. Every office of the firm then held all-associate meetings.
3. According to the discussions at these meetings, with respect to the alleged conflict of interest described by Maury Saiger:
(a) the firm was already aware of a potential conflict;
(b) an investigation is currently underway; and
(c) no improprieties have taken place thus far.
4. At these meetings, associates were advised of the Executive Committee’s great displeasure over this matter. Okay, let’s not mince words: members of the EC were apparently “pissed” or “livid.”
Now, we are not crisis-management experts. And we realize that the powers-that-be at Stroock are probably not interested in hearing our advice.
But, for what it’s worth, here’s our advice to the Stroocksters: You need to chillax. ASAP.
Look, this will all blow over eventually. In the meantime, you should probably just ignore it. If you call more all-associate meetings, conduct witch hunts for our sources, or otherwise make a big deal over this, you will only make matters worse.
(Of course, if you would like to make some public comment on this, please contact ATL. We would be delighted to receive an official statement from the firm, which we would post in its entirety on this site. Thanks!)
Earlier: What the Stroock Is Going On?