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Category Archives: Corporations

SEC Sues Goldman–PS


The Journal’s article about the suit links to a great flash graphic titled “The Making of a Mortgage CDO.” Sphere: Related Content Related posts SEC Sues Goldman for Fraud (0)

SEC Sues Goldman for Fraud


The SEC’s civil fraud suit against Goldman Sachs and Goldman employee Fabrice Tourre, filed yesterday in federal court in New York, alleges the defendants made “materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (“CDO”) GS&Co structured and marketed to investors.”   The structured-investment’s value was tied to performance of a portfolio [...]

Colorable Claims


The court handling the Lehman Brothers bankruptcy directed the court-appointed examiner to “file a statement of . . . any fact ascertained pertaining to fraud, dishonesty, incompetence, misconduct, mismanagement, or irregularity in the management of the affairs of the debtor, or to a cause of action available to the estate.”  Yesterday the examiner, Jenner & [...]

Yahoo! Drops the Other Shoe


In the aftermath of last week’s shareholder disgruntlement, Terry Semel stepped down as Yahoo!’s CEO, making way for co-founder Jerry Yang

Yahoo’s Grumpy Shareholders


While I was tempted to write a headline along the lines of “Yahoo to Chinese Political Dissidents: Kiss Off!”, I’m guessing these votes reflect disenchantment with Yahoo’s 10% decline in stock price over the last year more than a pro-political repression platform.