On Public Pensions
Unless you have been unconscious for the past month, you know that the Governor of Wisconsin, Scott Walker, who – like others claiming the mantle of the Tea Party -- is financed by the Koch ...
NY Mets and JP Morgan Sued for Alleged Ties with Madoff
Bernie Madoff bankruptcy trustee Irving Picard, who is attempting to recover assets for the victims of Madoff’s illustrious ponzi scheme, has sued the New York Mets and JP Morgan Chase for their ...
Hall of Shame: Illinois Director of Insurance Michael T. McRaith – A Postscript
On December 2, 2010, I commented on the outrageous conduct of Illinois’ Director of Insurance Michael T. McRaith. He had “settled” the investigation of a life insurance broker (Merrill Lynch ...
The Gloves Come Off: PIMCO to Settle in Bond Market Manipulation Suit
Pacific Investment Management Company (PIMCO) recently agreed to pay $92 million to settle a class action alleging manipulation of the futures market. As is typical when a party ...
On Whistleblowers
On January 1, the venerable show 60 Minutes ran a story about mega-pharmaceutical maker GlaxoSmithKline (“GSK”) pleading guilty to distributing adulterated drugs, a felony.
The company paid ...
Giving A Voice to Thieves
One of the really fair aspects of the class action rules is that, if there is a settlement, members of the class must be notified of its terms and they have the right to object if they don't ...
The Hall of Shame: Illinois Director of Insurance Michael T. McRaith
We represent funeral directors across the State of Illinois in regard to what is known as the Illinois preneed trust.
The idea behind the trust was that people could prepay for their ...
On Harry Reid and His Priorities
I was just "captivated" on the elevator TV monitor by a story that Harry Reid is promising to bring the repeal of Don't Ask Don't Tell to a vote before the end of the lame-duck session of ...