Category Archives: Corporate Law

Investors Get First OK On $23M Deal With Cobalt Underwriters

A Texas federal judge granted preliminary approval on Thursday for a nearly $23 million settlement with Morgan Stanley, Credit Suisse and a host of other investment banks that served as underwriters for the now-bankrupt Cobalt International Energy Inc. The Cobalt investors have already secured a $146.9 million settlement with the company over claims that it bribed Angolan officials for access to wells that were later misrepresented as having substantially more value than they did, but they continued to pursue claims against the investment banks that underwrote the company’s multiple stock and note offerings, leading to Thursday’s settlement. A preliminary settlement motion filed Wednesday said the $22.75 million deal was reached on the same day the motion was entered — Nov. 28 — following several months of mediator-facilitated negotiations and a thorough investigation of the underlying facts by the investors’ counsel. U.S. District Judge Nancy F.….. To continue reading this legal news please click Read full information...

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Stronger laws needed to fight white collar crime

For my entire legal career I have fought the financial hucksters, swindlers and Madoffs of the world. They are the people who feel no shame and no guilt taking money from the innocent, whether they are seniors and retirees, moms and even hard-working business people. My work has again brought me to Arizona because of how lax the state’s laws are to prevent and prosecute fraudulent schemes and white collar crimes. These schemes and crimes can be particularly pervasive and damaging around the holidays. Currently, I am working in the Valley on behalf of victims hustled by one David Harbour, a purported financial adviser and a member of the Phoenix Thunderbirds and ASU Sun Devil Club. Like them all, he ingratiates himself by pretending to manage money and faking success by living large. But beneath his phony glamour is a man who spends other people’s savings on himself, hoping he never gets caught. These guys often do but only after it’s too late, once the savings….. To continue reading this legal news please click Read full information...

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A Two-Way Lens on Agency Independence

Miriam Seifter, Understanding State Agency Independence, 117 Mich. L. Rev. __ (forthcoming 2018), available at SSRN. Anne Joseph O’Connell In recent decades, our field of administrative law has taken an empirical turn, at least in part. We now know more about on-the-ground practices of federal agencies and their treatment in the federal courts, for example. Our focus, however, has been relentlessly on the federal level. To the extent that scholars look outside the federal government, to states or to private entities, for instance, they almost always examine the interaction with federal entities. Miriam Seifter’s work should divert your attention to the states—both to learn about state practices and to consider what those practices might tell us about federal institutions. In her latest piece, Understanding State Agency Independence, Seifter examines agency independence at the state level and uses that examination to contribute a new perspective on agency….. To continue reading this legal news please click Read full information...

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Is Your Boss a Pie Ducker?

Pie ducker is not a phrase heard often, probably because the phrase loses out to a similar-sounding expletive. A pie ducker may also be a toxic boss and, if so, hold your head high and know when to hit the road. “We’ve all had the experience of working together with our boss or a co-worker developing an idea we have into something our firm can actually act on. Oftentimes, that can mean that you need your boss’s help to push your plan up the ladder–sometimes even up to the CEO or even the board of directors. Then, when the day comes where you actually get to present your plan to the leaders of the company, your expectation is that your boss or co-worker will have your back….But imagine your surprise when, as the objections start to fly your way, you suddenly find yourself flying solo.” Read: Is Your Boss A Pie Ducker? Are You? at Inc.com.. To continue reading this legal news please click Read full information...

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Discounted Legal Services to Furloughed Government Employees

Dunlap Bennett & Ludwig offers reduced rate legal services to furloughed government employees Vienna, VA (January 9, 2019) – Dunlap Bennett & Ludwig, a leading corporate and intellectual property law firm with law offices across the U.S., Puerto Rico, London, Toronto, and China, announces that they will offer discounted legal services in two programs for furloughed government employees and contractors. Dunlap Bennett & Ludwig is a veteran-owned law firm that provides businesses and individuals with a full array of business and estate legal services. Many of the lawyers are also former government workers coming from the DoD, DOJ, and NSA. “Because many of us have previously worked in the government, we understand the concerns of our community and neighbors during this government shut down,” stated Tom Dunlap, Partner. “We want to help our government clients as well as family and friends who are either sitting at home stressing about not going….. To continue reading this legal news please click Read full information...

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