Morning Docket 1.21.09
* Lawyers are winning in the long rivalry between lawyers and bankers. Endless financial fraud cases make lawyers look ethical. There is another fraud charge in Philadelphia against money manager Joseph Forte. [The Philadelphia Inquirer]
* The SEC is investigating Apple’s disclosures about CEO Steve Jobs’ health, to make sure the company did not mislead investors. [Bloomberg]
* The point man for Madoff’s investor Frank DiPascali will now be the go-to guy for prosecutors investigating the scheme. [The Wall Street Journal]
* Former Enron CEO Jeff Skilling asked the 5th U.S. Circuit Court of Apeals to review his 19 convictions. [The Houston Chronicle]
* A Czech businessman settled a suit filed against him by hedge fund Omega advisors, after he alegedly bribed government officials in Azerbaijan, defrauding investors hundreds of millions. [The New York Times]
* In the aftermath of India’s Enron—the Satyam scandal, the Indian government will likely rescue Satyam’s workers from losing their jobs. [Time.com]
* SEC chairman Christopher Cox resigned in the wake of scrutiny of the SEC for failing to investigate allegations in the Madoff scandal. [The Associated Press]
(21) Comments
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allegedly
next person to post is a TTT
TTThoid
"make lawyers [?] look unethical"-- The context seems to require bankers.
skaTTTen lays off a shit ton of loyal attorneys and this blog is all about some third world business shit???
Third world? That's no way to talk about Philadelphia. Or is it?
I like to hang brain on my secretary's shoulder without her knowing it all the time, its not really a big deal.
5, FALSE, Skadden has no loyal attorneys.
Lobster Bisque is on the lunch menu in our firm's cafeteria. Kash? Say it aint so!
5 = SkaddenLite.
ASSLOBSTER
YES WE CAN!!!!!! Eat Lobster out of Kash's Ass. YES WE CAN!!!!!
How exactly is the SEC going to investigate whether Apple accurately reflected Steve Jobs health? Is it possible to quantify hope that one will survive cancer? Is it possible to quantify hope at all? Obama supporters seem to believe so, but really the SEC is just wasting everyone's time here.
"Cox resigned in the wake of scrutiny of the SEC"
WTF? He resigned in the wake of a new president being sworn in who had already nominated someone to replace him.
"Me Chinese, me play joke, me put pee pee in your coke."
- Eliza Gray
Great. A bunch of friggin' lawyers running things. Of all of the people that I've known, I'd have to say that law students/lawyers are among the most stupid. But at least they make up for it by thinking they are smart.
There was a rivalry between lawyers and bankers? Lawyers and doctors, sure, but comparing us to bankers is like comparing a BMW to a Geo. Most of the people I know in banking--good people that they are--got in either right after undergrad, or after 2 years of partying in an mba program. You can't really compare a sales-commission-based job to a learned profession.
So whats the deal with that, 15? Did she write/say that at some point?
SEC Chairman Cox did not resign “in the wake of scrutiny of the SEC for failing to investigate allegations in the Madoff scandal”, but rather because the incoming president---a Democrat—has nominated Mary Schapiro to head the SEC.
Such resignations occur every time there is a changing of the guard in the White House.
18 - The deal is that Eliza Gray is prejudiced against Chinese people. When she writes about them she always intentionally screws up her grammar in order to make herself sound less facile with the English language than a Harvard graduate would be. I personally find it very offensive.
"Oh, me Chinese, me go to Supreme Court, me put pee pee in your coke."
-Eliza Gray
17: Many people become lawyers because they know they are not nearly smart enough to become doctors. Law school is the only graduate school where no particular prerequisites are needed, and one can succeed with a slightly above-average IQ.
If you want to compare doctors to another profession, try aerospace engineers.