Year: 2007

Week in Review (December 14-20, 2007): A Major Government Report, A Scandal Continues and New Turns in the Brocade Cases

Last week, the SEC was chastised for inefficiencies which may be impeding its war on insider trading. At the same time, the Refco scandal continued to unfold, while the Brocade Communications option backdating cases of Gregory Reyes and Stephanie Jensen

Where Were the Lawyers? One is Found

“Where were the outside accountants and lawyers when these transactions were effectuated?” This is a now famous refrain made by former SEC Director of Enforcement and U.S. District Court Judge Stanley Sporkin in his opinion in Lincoln Savings & Loan