Bear Stearns arrests: SEC’s interests ahead of investors?

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The indictment of Bear Stearns fund managers Ralph Cioffi and Matthew Tannin makes depressing reading. It seems damning to the defendants. But readers should understand that indictments are supposed to be damning. Prosecutors go as far as they can to cast the facts — which in this kind of case can be highly complex and […]

David Safavian exonerated: another political prosecution bites the dust

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What a difference two years and appellate review make! Today, the D.C. Circuit Court Appeals exonerated David Safavian, former General Services Administration Chief of Staff, overturning all of his June 2006 convictions for making false statements and obstruction of justice in connection with the Abramoff scandal. The convictions were reversed, in part, because the trial […]

Jeff Skilling is innocent

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What do Enron and Bear Stearns have in common? If you’re a Bear Stearns exec, you’d better hope the answer is “not much.” At least you won’t have to litigate in Houston. New York’s a bigger, better melting pot when it comes to judges and juries. Prosecutors and governors? Don’t change the subject! Today, a […]