The mortgage crisis litigation team at Paterson Belknap Taylor & Webb had their big RMBS putback hearing yesterday in New York Federal Court. It centered on one of the first monolines, Syncora, to highlight the alleged massive securities fraud Bear Stearns and EMC were engaged in when they sold billions of residential mortgage backed securities […]
Continue12 Jun
Spongetech Fraudster Moskowitz makes SEC Plea Deal
Nearly six months after Steven Moskowitz plead guilty of one criminal count in the Spongetech pump and dump stock scheme the Securities and Exchange Commission got him to settle their securities fraud suit. On May 30th court filings show Moskowitz, co-conspirator of one of the most audacious penny stock frauds that cheated thousands of regular […]
Continue7 Jun
More Bear Stearns Executives get off without Paying Millions in Shareholder Settlement Cost
Bear Stearns lawyers at Paul Weiss are slapping them self on the back today after stockholders and pension funds who sued Bear executives for misleading them about the health of the company months before it failed agreed to a cash settlement of only $275 million on Wednesday. The suit’s settlement lead by Michigan’s retirement fund, […]
Continue5 Jun
New Canaan Dems Pick Unemployed Man for 125th seat Congressional Run
New Canaan democrats seem to have chosen a shiny polished Columbia grad, Mark Robbins, to make a run for the State congressional seat. It’s a chance to unseat the GOP stronghold Rep. John Hetherington had for so many years and Robbins credentials on paper, including time served on New Canaan’s long range planning board, looks […]
Continue27 Apr
CGC’s Sherry Perlstein Ask State Attorney for Theft Case Delay to help Fundraise
Sherry Perlstein didn’t want the child center worker who embezzled $72,000 from her non-profit agency to get out jail without the label of felony imprinted on her forehead. Yesterday at Stamford, Conn. Criminal Court the 25 yr veteran executive director told Judge Povotator, Angela Crandon’s actions threatened the stability of the Child Guidance Center of […]
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