The Wall Street Journal reports that the SEC filed a motion to block a group of investors from filing a bankruptcy suit against Bernie Madoff (see: 4/8/09, Memo of Law in Opposition, 08 Civ 10791, SDNY). The SEC argues that the ongoing SIPC claim coupled with the DOJ forfeiture proceeding will get more assets than bankrupcty. The SEC also states "unequivocally" that assets recovered will be distributed to Madoff's victims.
In a nice post, Compliance Week's Filing Cabinet Blog notes the SEC's eagerness to get comments about short selling.
The Financial Times reports that increased enforcement of the Foreign Corrupt Practices Act may affect big pharma mergers.
WSJ report on James Lambright, the 38-year-old lawyer who is in charge of distributing TARP's money.
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