Wall Street
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Citigroup, Hotties, Ridiculousness, Sexism, Sexual Harassment, Wall Street
Lawsuit of the Day: Woman Claims She Was Fired for Being Too Attractive
You know something is capturing cultural attention when your mother asks, “Did you write about that woman who got fired for being attractive?” Earlier this week, the Village Voice ran a cover story on a woman who is suing Citibank for wrongful termination. She claims that her bosses found her too hot — and thus […] -
Denny Chin, Jed Rakoff, Loretta Preska, Securities Law, Wall Street
Who's Afraid of the Big Bad Rakoff?
Since Judge Denny Chin is moving on up to the Second Circuit, the S.D.N.Y. cases pending before him have to be redistributed. Lawyers for Bank of America, which has 15 civil shareholder lawsuits on Chin’s docket, sent the chief judge a letter requesting that the cases be reassigned using a lottery system. As we mentioned […] - Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Goldman Sachs, Politics, Wall Street
Miss the Goldman Sachs Hearing? We've Got You Covered.
If you missed the Goldman Sachs Congressional hearing today, you missed the height of unintentional comedy. There are too many highlights to mention. Senator Carl Levin using a dirty word, the ongoing train wreck that is Senator Tom Coburn, it was the kind of hearing that makes you laugh out loud at Congress (and secretly […]
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Lawsuit of the Day, Richard Klapper, Securities and Exchange Commission, Securities Law, Wall Street
SEC Accuses Goldman Sachs of Hypocrisy in Civil Suit
The Securities and Exchange Commission filed a civil suit against Goldman Sachs this morning. According to the SEC, Goldman is guilty of taking a “do what I say, not what I do” approach to mortgaged-backed securities. Well, d’uh. That’s why Goldman isn’t suckling on the federal teat right now. The SEC claims Goldman sold a […] -
H. Rodgin Cohen, Quote of the Day, Wall Street
Quote of the Day: Is Rodge Cohen Comparing His Clients to Coke Addicts?
The cocaine analogy is quite a good one. Because this stuff was addictive. A lot of people couldn’t resist. — H. Rodgin Cohen — former chairman of Sullivan & Cromwell, and counsel to many of the nation’s biggest banks — discussing subprime mortgage debt. -
Goldman Sachs, In-House Counsel, Money, Wall Street
Goldman Envy Comes to the Legal Profession
Over the weekend, the New York Times had an interesting article about compensation for Wall Street bankers. The article explained how, due to criticism from the public and from Congress, banks shifted employee comp away from cash and towards stocks and options. This shift was supposed to align pay with performance, averting an AIG situation […] -
Crime, Insider Trading, Lawyer of the Day, Wall Street, White-Collar Crime
Lawyers of the Day: Arthur Cutillo, Michael Kimelman, and Jason Goldfarb
Today the winners of Lawyer of the Day honors are obvious. Congratulations to Arthur Cutillo, Michael Kimelman, and Jason Goldbfarb, three attorneys who stand accused of involvement in the infamous Galleon Group insider trading scheme. Both Cutillo and Kimelman have distinguished pedigrees, with ties to two top firms. Cutillo (left), a holder of an M.S. […] -
Crime, Insider Trading, Wall Street, White-Collar Crime
Breaking: Arrest at Ropes & Gray in Galleon Insider Trading Case
The news was first reported by CNBC. See Dealbreaker for more details. We have phone calls and emails in to Ropes & Gray and are waiting to hear back. We will keep you posted on further developments. If you have more info, please email us. Thanks. UPDATE (10:00 AM): According to Bloomberg, the FBI has […] - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Barack Obama, Ken Feinberg, Politics, Wall Street
Хороший день, Comrade Pay Czar. Не снимите нас
Friday was the last day for companies on the government dole to submit their pay plans to Kenneth Feinberg, our nation’s new Pay Czar. The new compensation commissar is as powerful as a mid-winter blizzard on the Eurasian Steppe. According to Law.com: The Obama administration’s “pay czar” is embarking on a review of proposed compensation […] -
Bernie Madoff, Crime, Sentencing Law, Wall Street, White-Collar Crime
Breaking: Madoff Sentenced to 150 Years
Bernie Madoff has been sentenced to 150 years. Judge Denny Chin said that the sentence was necessary to deter other people from entering into these kinds of schemes. The Judge apparently said that he was struck that there was no letter written in support of Bernie Madoff. On the other hand, the judge received 141 […] -
Gender, Jeffrey Epstein, Sex, Sex Scandals, Wall Street, Weirdness
Maximilia Cordero: Maybe Not a Man?
We’re confused. And we’re guessing we’re not alone. We have provided extensive coverage of Cordero v. Epstein, in which model Maximilia Cordero alleges that high-profile financier Jeffrey Epstein took advantage of her when she was underage. To add to the suit’s salaciousness, the New York Post previously claimed that Maximilia Cordero was born a man […] -
Crime, Fashion, Jeffrey Epstein, Lawsuit of the Day, Money, Oral Sex / Blow Jobs, Perverts, Sex, Sex Scandals, Wall Street
Lawsuit of the Day: Cordero v. Epstein
Our colleagues over at DealBreaker have been extensively covering one heck of a lawsuit. It’s our Lawsuit of the Day, but it really ought to be our Lawsuit of the Week — it’s that good. The defendant is wealthy New York financier Jeffrey Epstein, who already stands accused, in Florida state court, of sex crimes […]
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