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Matching entries from Houston's Clear Thinkers
The increasing cost of public equity
Frank Quattrone, the former CSFB investment banker who has an interesting perspective, notes a dynamic of the now almost decade-long criminalization of business that I have been warning business owners and lawyers about for quite some time now --...
The criminalization-of-business lottery
The owners of Long Term Capital Management may have been the earliest winners in the most recent era of what Larry Ribstein has coined the criminalization-of-business lottery. On the other hand, Jamie Olis may have been the earliest big...
A few good reads
The following are several reading recommendations for a busy Wednesday: In this TCS Daily article, Hoover Institute fellow David R. Henderson examines the media coverage of the criminal trials of Frank Quattrone and concludes that it left much to be...
Quattrone walks, but what about Andersen?
As noted earlier here, former CSFB investment banker Frank Quattrone's ordeal (previous posts here) came to a close yesterday as the Court in the criminal case against him approved a a deferred-prosecution agreement under which the charges will be dropped...
Quattrone's ordeal is coming to a close
After five years, two trials, an appeal, two regulatory investigations, thousands of hours of tedious legal work, multi-millions of dollars in legal cost and untold damage to the attorney-client privilege, the Justice Department has finally decided to cut its losses...
Ken Lay and the Enron Myth
Former Enron chairman and CEO Ken Lay died yesterday of a heart attack and, given the stress that Mr. Lay had endured over the past five years, such a fate is certainly not surprising. However, my sense is that the...
The costs of Quattrone
Ellen Podgor and Peter Henning do a great job of breaking down the issues and details of the Second Circuit's decision in overturning the conviction of Frank Quattrone yesterday, so I'm attempting to step back and assess the big picture....
Quattrone conviction overturned
In a result that was anticipated by this earlier post, the ever-observant Peter Lattman reports this afternoon that the Second Circuit Court of Appeals in this 61-page opinion has overturned the conviction of former Credit Suisse First Boston investment banker...
What's the big deal with the Lord of Regulation?
Matthew T. Bodie is a Hofstra law professor who is guest blogging over at the Conglomerate blog and, in this post, wonders why fellow law professors such as Stephen Bainbridge and Larry Ribstein are critical of New York attorney general...
Cashing in on criminalizing business
Eliot Spitzer makes no bones about using his position as New York attorney general to promote his campaign for governor, but he certainly isn't the only lawyer cashing in on the trend of criminalizing business to further one's career. This...
More thoughts on the Merrill Lynch defendants' Nigerian Barge appeal
Having tended to my "day" job at the end of last week, I wanted to pass along some further thoughts on the lively discussion that erupted between Vic Fleischer, Larry Ribstein, other commentators, and me last week in regard to...
Ebbers receives an effective life sentence
Former WorldCom CEO 63 year old Bernard J. Ebbers received a 25 year sentence for his conviction on charges of securities fraud, conspiracy and seven counts of filing false reports with regulators relating to an a multi-billion accounting fraud...
Andersen II?
Amidst echos of the Supreme Court oral argument in the Arthur Andersen case, this NY Times article reports that the oral argument before the Second Circuit Court of Appeals in former Credit Suisse First Boston investment banker Frank Quattrone's appeal...
More ripples from the Anderson decision
Ellen Podgor over at the White Collar Crime Prof Blog points us to two documents that raise important issues relating to the federal government's questionable policy of attempting to regulate business through criminalization of what it deems to be questionable...
Ripples from the Andersen decision
This NY Times article reports that former Credit Suisse banker Frank Quattrone, who was convicted of obstruction of justice last year for sending out an email regarding the bank's document retention policy, is raising new issues on his appeal based...
Checking in again on the Nigerian Barge trial
The defendants began putting on their cases this week in the Enron-related Nigerian Barge trial in Houston federal court, and already there have been some significant developments. Attorneys for defendants and former Merrill Lynch executives James Brown and Daniel Bayly...
Are you ready to rumble? -- First Enron criminal trial begins Monday
After three years from Enron Corp.'s demise into bankruptcy, dozens of indictments and plea bargains, and an unprecendented government and media campaign to demonize former Enron executives, the first criminal trial against former Enron executives will begin Monday in Houston...
Quattrone sentenced to 18 months in prison
Former CSFB Silicon Valley investment banker Frank Quattrone was sentenced to 18 months in prison for obstructing a probe of how IPO stocks were doled out. The sentencing follows his obstruction conviction in May, which was largely based on an...
Quattrone guilty
This NY Times article reports that Frank P. Quattrone, a former prominent Credit Suisse First Boston banker, was found guilty today of obstructing federal investigations into stock offerings at Credit Suisse. The jury deliberated for two days before returning the...
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