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DOJ to Continue Crackdown on Political Corruption
Topics |
2008/03/28 08:53
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| pUS Attorney General Michael Mukasey said Thursday he would personally ensure that the US Department of Justice does not bow to political pressure as it prosecutes government officials for corruption. In a speech to the Commonwealth Club in San Francisco, Mukasey said:/ppPublic corruption can inflict damage that is not only costly but also profound. When a public servant at any level of government exploits his or her office for improper purposes, the damage is measured not just in dollars and cents but also in erosion of the public trust upon which depends the survival of our system of government./ppWe fight, investigate and prosecute public corruption to ensure that those who hold public office live up to the public's trust, and to build the public's confidence in the very idea of government, without which the government cannot function./ppThe investigation and prosecution of public corruption is therefore among the highest obligations of law enforcement, and it should come as no surprise that I consider it to be one of the top priorities of the Department of Justice. In recent years, the Department's career prosecutors and criminal investigators have been engaged in a renewed effort to pursue corruption at all levels and in all branches of government./ppMukasey emphasized that the joint efforts of the DOJ and US Attorney's offices had resulted in the convictions of 1,093 individuals for corruption in 2006, including former congressmen Randy Duke Cunningham and Bob Ney./ppMukasey's speech came only hours after a federal grand jury in San Juan, Puerto Rico charged Puerto Rican Governor Anibal Acevedo Vila and 12 associates with 27 counts of conspiracy, false statements, wire fraud, federal program fraud and tax crimes related to campaign financing./p |
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Herbies Promotes Record Number of Partners
Lawyer News |
2008/03/28 08:45
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Herbert Smith has made up a record 18 associates to the partnership and a third of them are women.
The bulk of the promotions were made around the firm's international network with just eight of the 18 based in the London office. As last year, when the firm made up a total of 10, the corporate practice gained the highest number of new partners at seven. Litigation and arbitration has gained five new partners while finance and real estate will receive two new partners apiece and employment and competition each gain one. pSenior partner David Gold said the geographic and departmental splits had been very deliberate. This year's promotions will support two of our key strategic priorities, namely strengthening our international capability and further developing the distinctive breadth and balance of our practice, he added. Both are pivotal to our ability to support clients and maintain high activity levels across the range of economic cycles. pIn terms of offices, after London, Paris has gained four new partners while Hong Kong and Tokyo have each gained two and Beijing and Brussels have gained one each. This is a big shift in strategy from last year's promotions when Hong Kong received one internal promotion with the remaining nine going to the London office./p |
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Hollinger settles civil fraud lawsuit with SEC for $21.3M
Headline News |
2008/03/27 09:09
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| pHollinger Inc., the Canadian holding company with an interest in former newspaper publisher Hollinger International has agreed to pay the US Securities and Exchange Commission (SEC) $21.3 million to settle claims that from 1999 to 2003 it violated securities law by failing to disclose to investors payments and other transactions that benefited the executives to the detriment of the company. The settlement stems from a lawsuit filed by the SEC in November 2004 against former Hollinger International chairman Conrad Black, former Hollinger president David Radler, and Hollinger Inc. Under the terms of the settlement, Hollinger Inc. has agreed to be permanently enjoined from committing future securities laws violations. The settlement must still be approved by US District Judge William T. Hart before it becomes final./ppRadler was sentenced in December to 29 months in prison for one count of mail fraud, after pleading guilty and agreeing to serve as a witness against Black. Black was convicted in July of mail fraud and obstruction of justice and sentenced to 78 months in prison; he began serving his sentence earlier this month after a federal appeals court rejected his request to remain free on bail while his appeal is pending. Radler, Black and other Hollinger executives were prosecuted in the United States in connection to allegations that they diverted more than $80 million from Hollinger International, now Sun-Times Media Group, and its shareholders during the company's $2.1 billion sale of several hundred Canadian newspapers. /p |
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Diana Sen Selected as Regional Finalist
Lawyer News |
2008/03/27 08:45
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pThe White House yesterday announced that Diana Sen (NY Litigation) has been selected as one of 97 Regional Finalists across the country for the White House Fellows Program. Founded in 1964 by President Lyndon B. Johnson, the program offers exceptional men and women first-hand experience working at the highest levels of the Federal government. Selection as a White House Fellow is highly competitive and based on a record of remarkable professional achievement early in one’s career, evidence of leadership potential, a proven commitment to public service, and the knowledge and skills necessary to contribute successfully at the highest levels of the Federal government. /ppDuring March and April 2008, Regional Finalists participate in a rigorous interview process. Based on the results of the interviews, approximately thirty candidates will be named National Finalists. The President’s Commission on White House Fellowships will interview the National Finalists in June 2008 and then recommend candidates to President George W. Bush for a one year appointment as White House Fellows./ppThroughout its history, the program has fostered leaders in many fields including Secretary of Labor Elaine Chao, Former Secretary of State Colin Powell, United Nations Foundation President and Former U.S. Senator Timothy Wirth, Pulitzer Prize-winning author and historian Doris Kearns Goodwin, U.S. Army General Wesley Clark, U.S. Senator Samuel Brownback and Marshall Carter, Chairman, New York Stock Exchange.
/pp
/p |
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Nebraska legislature rejects death penalty ban
Topics |
2008/03/27 05:13
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| pA Nebraska bill that would have banned the death penalty, replacing it with a sentence of life in prison without parole, failed in the Nebraska Legislaturenbsp; on Tuesday, receiving only 20 of the 25 necessary votes to move forward. Last month, the Nebraska Supreme Court ruled that execution by electric chair, the only method authorized in the state, was cruel and unusual punishment and therefore prohibited by the Nebraska constitution. Nebraska Governor Dave Heineman on Tuesday voiced support for the death penalty, saying that the the legislature should decide on a new means of execution that can pass constitutional muster./ppIn February, Nebraska Attorney General Jon Brunning filed a motion for rehearing on the ban of the electric chair. Nebraska is the only state to solely rely on the electric chair for capital punishment. /p |
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Sidley Austin Expands with Addition of Six
Lawyer News |
2008/03/26 09:20
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| strong style=font-weight: normal id=tpcpChicago/strong – Sidley Austin LLP announced that sixlawyers will join the firm in Chicago in the private equity practice.These lawyers, S. Michael (Sy) Peck, Jeffrey Smith, Roger Wilen, DirkAndringa, Alexis Cooper and Nancy Kasko, will integrate theirsignificant experience representing private equity sponsors and theirportfolio companies with Sidley’s well established Mamp;A andsecurities practices and expanding private equity practice. br id=i586/br id=mgxh/“Theseare six exceptionally talented and successful lawyers in the privateequity arena and they will make valuable contributions to our privateequity team,” said Fred Lowinger, co-head of the firm’s Mamp;A andPrivate Equity practice. “Our new colleagues will be an integral partof our efforts to expand the scope and depth of our services to theprivate equity community.” br id=a1j:/br id=dk.f/“Sidley offers us the idealplatform to grow our practice in all areas of private equity,” saidPeck. “Sidley is already recognized as global leader in so many areas,including Mamp;A, capital markets, financing, corporate governance andhedge funds. Their global private equity practice is extremely activeand we are thrilled to not only be a part of this, but to add a newdimension of experience to an already substantial practice.” br id=himc/br id=fpyb/Thesesix new private equity lawyers have extensive experience in a widerange of complex corporate transactions, including LBOs, equityinvestments, add-on acquisitions, divestitures, public offerings,recapitalizations and restructurings. |
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