August 14, 1991 |
Attorney Henry Lesser, a mergers and acquisitions specialist, has joined the Century City firm of Irell & Manella as a partner. The addition of Lesser to the firm is somewhat of an anomaly in today's harsher legal climate. Bankruptcies and environmental law have replaced merger and acquisition work as the hot legal specialties; even law firms that cut staff overall have been beefing up those areas.
December 30, 2003 |
Lawyers for Martha Stewart, who goes on trial next month on charges of obstructing justice and securities fraud, must turn over their billing records to federal prosecutors, a New York judge ruled Monday. The stock-fraud count against Stewart is based on statements she made to news organizations about her sale of ImClone Systems Inc. shares. Prosecutors say her statements were intended to prop up stock in her company, Martha Stewart Living Omnimedia Inc. Stewart has defended herself in part by saying that anything she said publicly about her innocence was based on legal advice and thus wasn't an attempt to defraud investors.
January 23, 1987 |
A former partner in a top Wall Street law firm was sentenced today to a year and a day in prison for his part in the Dennis Levine insider trading scandal. Despite pleas for leniency by Ilan K. Reich and his lawyer, U.S. District Judge Robert W. Sweet said he had to sentence Reich to prison because he was "a symbol of the sickness of our society." Reich, 32, of Manhattan, pleaded guilty last October to one count each of securities fraud and mail fraud.
July 29, 1986 |
A former clerical worker at a prominent New York law firm was sentenced to six months in prison Monday for illegal insider trading and for lying about his activities to the Securities and Exchange Commission. Manohar Lal Madan, 51, pleaded guilty last November to five counts of conspiracy, mail fraud, securities fraud and perjury. Madan was a word-processor operator at the firm of Wachtell, Lipton, Rosen & Katz from 1976 to 1982.
May 19, 1997 |
U.S. cigarette makers and industry opponents resolved the crucial issue of limiting the amount smokers could collect from tobacco companies in lawsuits to $4 billion a year, paving the way for a possible landmark agreement within two weeks, according to six people in the talks. The two sides agreed that any of the $4 billion not paid to smokers who win lawsuits would go toward efforts to curb smoking, including anti-smoking classes, the participants said.