Wells Fargo has partially confirmed online rumors, that the bank is laying off some of its in-house counsel. Online rumors say that the bank, which recently merged with Wachovia, is cutting up to 20% of its legal department. The bank would not confirm the numbers, but characterized the percentage affected as “small.” Founded in New York in [...]
Continue reading...Tuesday, December 9, 2008
Dreier LLP founder Marc Dreier was arraigned yesterday on federal charges of selling $113 million in fake securities to two hedge funds. Separately, the Securities and Exchange Commission filed suit to recover the $113 million. Southern District of New York Judge Miriam Goldman Cedarbaum will appoint Mark Pomerantz of Paul Weiss Rifkind Wharton & Garrison as receiver [...]
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Wednesday, April 15, 2009
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