Biglaw

Investigation into Illegal Trading Involves Former Skadden Partner
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Skadden, Arps, slate, meagher & flom llp

Summary: Skadden, Arps, Slate, Meagher & Flom partner Eric Waxman retires amid issues of his representation of two clients and conflicting statements.

Law firm Skadden, Arps, Slate, Meagher & Flom partners have been distancing themselves from former partner Eric Waxman. He has admitted to making mistakes in the past when Skadden represented Advanced Medical Optics as their transactional counsel. AMO was acquired for $1.36 million by Abbott Laboratories in 2009. Skadden also represented the CEO at that time, James V. Mazzo after the merger. Mazzo is facing criminal charges for leaking merger information.

  
What
Where


Prosecutors claim that Waxman attempted to conceal evidence and collect millions of dollars in legal fees by purposely making misstatements. He refused for years to give the prosecutors evidence from an interview that he conducted for his client Mazzo, saying it was protected. However, Waxman has now said that the interview was conducted at the request of his other client AMO so it was not protected.

Prosecutors want Skadden to be prohibited from representing Mazzo because of the conflicts of Waxman’s misconduct and dual representation. The firm’s partners do not believe that Waxman intentionally did anything wrong but they are still making sure there is distance between him and the firm.

Mazzo’s lead lawyer at Skadden, Richard Marmaro, said in his written motion against the disqualification that “Skadden has already accepted the harm to its reputation caused by Mr. Waxman’s mistakes before the Court and, indeed, the attorney who made or caused to be made the mistakes at issues (Mr. Waxman) no longer works at the firm and has withdrawn from the case.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The case involves the trading of major league baseball players that were teammates on the Baltimore Orioles Team. Mazzo is accused of leaking information that the players used to make over one million dollars with.

Waxman is represented by Brad Brian of Munger Tolles & Olson. Waxman previously worked for Skadden before retiring.



Source: https://bol.bna.com/skadden-partner-retires-amid-questions-about-conflicts/

Photo: chambers-associate.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

General Municipal Law Attorney with land use experience

USA-CA-Oakland

Oakland office of our client seeks general municipal law attorney with experience advising public ag...

Apply Now

Mid-level Restructuring Attorney with bankruptcy experience

USA-DC-Washington

Washington, D.C. office of our client seeks mid-level restructuring attorney with 4-6 years of exper...

Apply Now

Senior Land Use Attorney with experience

USA-CA-San Francisco

San Francisco office of our client seeks senior land use attorney with 7+ years of experience. The c...

Apply Now

Employment, Labor and OSHA Attorney with 3-6 years of experience

USA-TX-Dallas

Dallas office of our client seeks employment, labor and OSHA attorney with 3-6 years of experience. ...

Apply Now

RELEVANT JOBS

Attorney

USA-CA-San Francisco

As an in-house legal counsel at Wix’s legal department, you will play a significant role in de...

Apply now

Attorney

USA-MO-Kansas City

Successful, expanding KC personal injury law firm seeks an attorney with 5+ years personal injury li...

Apply now

Civil & Business Litigation / Transactional Attorney

USA-CA-Clovis

Law firm with primary emphasis in Business & Civil Litigation and transactional work, seeks confiden...

Apply now

CIVIL LITIGATION ATTORNEY - Employment

USA-CA-Fresno

Lang, Richert & Patch a Fresno area AV-rated law firm located in the highly desirable Fig Garden Fin...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top