Stock options backdating scandal
Backdating Stock Options Is Latest Corporate Scandal
The Federal Reserve Bank of New York Finds That the Leveraged Lending Guidance Has Not Reduced Systemic Risk. Naftalis represents corporations, as well as officers, directors and significant individuals, in all phases of complex high-stakes civil, criminal and regulatory matters. His work on behalf of these clients spans more than four decades and includes many sensitive and high-profile matters, including governmental and regulatory inquiries and related civil litigation involving allegations of insider trading, market manipulation, accounting irregularities, stock options backdating and other financial fraud.
Naftalis has also argued significant appeals in appellate courts throughout the country. In addition, he has served as counsel to audit and special committees of a number of major public companies in connection with regulatory issues. After a day trial in the Delaware Court of Chancery, Mr. Eisner and the other Disney directors prevailed on all counts. The National Law Journal chose the Disney decision as one of the top defense wins of that year. Naftalis also successfully secured dismissal for Kenneth Langone, former chair of the New York Stock Exchange Compensation Committee, of all charges brought against him by then-Attorney General Eliot Spitzer relating to the compensation of NYSE Chairman Richard Grasso.
Following a decision by the Appellate Division of the New York State Supreme Court directing dismissal of the lawsuit, the attorney general announced he would not appeal and dropped the case.
Naftalis secured summary judgment in favor of Sirius dismissing the case. Naftalis defended Rajat K. Gupta, the former Managing Director Worldwide of McKinsey, in both a high-profile criminal insider trading trial and parallel SEC enforcement action, where he obtained a precedent-setting decision challenging the attempt by the Securities and Exchange Commission to utilize an administrative process rather than go to court.
After a two-week trial in federal court, Jeshuat Israel prevailed on all issues and will now be able to sell the bells to create an endowment that will enable it to preserve the historic synagogue located in Newport, Rhode Island, as a place of worship. The Court also removed runescape money hack 2016 no surveys New York City congregation as trustee of the charitable trust holding Touro Synagogue.
The American Lawyer Daily named Mr. Naftalis as Litigator of the Week for this trial success. He successfully defended Salomon Brothers in stock options backdating scandal federal criminal and SEC investigations of U. Treasury auction bidding practices, and Kidder, Peabody in connection with the Forex blue box free download Street insider trading scandal.
In both instances, he persuaded the U.
List of corporate collapses and scandals - Wikipedia
Naftalis is a fellow of the American College of Trial Lawyers. Naftalis has been recognized as a litigation star in Benchmark Litigation sinceand received the Lifetime Achievement Award in Inhe received the Milton Gould Award for Outstanding Oral Advocacy from the Office of the Appellate Defender. Inhe received the Fractal indicator binary options York Council of Defense Lawyers Norman Ostrow Award in recognition of his white collar defense achievements.
Naftalis also received the Chambers USA Award for Excellence in White Collar Quillan nagel moneymaker millionaire and Government Investigations. He has been recognized by Best Lawyers in America since in five categories — Bet-the-Company Litigation, White Collar Criminal Defense, Regulatory Enforcement, Securities Litigation and Commercial Litigation.
InChambers USA said: In addition to the many honors he has received over the course of his career from within the legal profession, Mr.
Naftalis was awarded the Benemerenti Medal by Pope Benedict XVI. He also received the Robert M. Morgenthau Award for the Legal Profession by the Police Athletic League, the George A. Katz Torch of Learning Award by American Friends of the Hebrew University, the Law and Society Award by New York Lawyers for the Public Interest, the Robert F.
Award by the Citizens Union of the City of New York, the Judge Simon H. Rifkind Award by the Jewish Theological Seminary, the John J. McCloy Award by The Fund for Modern Courts, and the Saint Thomas More Award by the Inner-City Scholarship Fund.
Earlier in his career, Mr. Naftalis served as Assistant U. Attorney in the Southern District of New York and Deputy Chief of the Criminal Division. He also served as Special Counsel to the U. Senate Subcommittee investigating abuses in the nursing home industry. Naftalis has been a lecturer at Columbia Law School and a member of the faculty of Harvard Law School.
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He is the author of numerous books and articles, including leading works on the grand jury system, The Grand Jury: An Institution on Trial with the Honorable Marvin E. Frankeland sentencing, Sentencing: Helping the Judges Do Their Jobs also with Judge Frankel. Overview History Offices Diversity Pro Bono Contact Us.
Firm lawyers are leading practitioners in their respective fields. The firm represents public and private companies — ranging from Global to middle-market and emerging growth companies — across a broad range of industries, as well as funds, institutions and individuals. Our lawyers have exceptional credentials, with outstanding academic records and distinguished careers in business, government service, academia and law. Many have edited top law reviews or have clerked for leading federal judges.
They have rich and wide-ranging experience solving complex business issues in partnership with their clients. Naftalis Partner Firm Co-chairman; Co-chair, Litigation Vcard.
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How Jobs dodged the stock option backdating bullet - CNET
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