4 ms·
Usually, corporate lawyers are unavailable on short notice to work weekends. When a company or individual receives a subpoena or lawsuit on a Friday, they are l
by grellas 17y ago
Usually, corporate lawyers are unavailable on short notice to work weekends. When a company or individual receives a subpoena or lawsuit on a Friday, they are left to stew in anxiety over the weekend until Monday, before their lawyers can appropriately advice them on how to respond to the SEC.
Wow, so not true at major law firms! Partners and associates at such firms are ready to drop everything, anytime and anywhere, to accommodate their premier clients, and especially over something so important as this SEC complaint.
In essence, the author contends that Goldman has exacerbated its problems by issuing a press release defending its general legal position in the case. I am not as SEC expert, though I used to do "Wells submissions" back in the day at a big firm, but I am dubious that this constitutes 10b-5 violations of any sort.
The author is a former CPA who was himself convicted of a felony in this area.
Very strange item, to say the least.
- gonzo 17y agoassociates working weekends? all the time. partners? not so much.
- tortilla 17y agoI'm pretty sure it ruined the weekends for the partners at Sullivan & Cromwell too :)
- waterlesscloud 17y agoYeah, it's hard to imagine that with one of the highest profile firms in the country with one of the top firms in the world representing them facing what could be an existential threat that the partners wouldn't be working weekends. GS has slightly better resources than Crazy Eddies.
- alecco 17y agoI bet partners in major law firms have planned agendas maximizing weekend trips like most people earning >.5Mill/yr. Instead, I'd object the argument that they can't do most of it remotely with teleconferencing an keyboard-PDAs.