Gary Weiss Ask the $50 Billion Question
Biovale Accounting Fraud Gets SEC Action
Crazy Eddie Makes Wired, Wales on Overstock.com
See our favorite muckracker, Gary Weiss
for details. Also...a note to the folks at Reputrace
- you might want to use a proxy server so that when your clients log in to review the articles from around the web you've collected for them, that it isn't, like, totally obvious who the client is and what reputational issues are of concern to them
Labels: accounting fraud, Biovail, Gary Weiss, Gradient Analytics, SEC
SEC Drops Investigation of Gradient Analytics
Friend of the blog, Sam "Crazy Eddie"Antar
has got a piece going in Wired right now
where he lays in to Overstock.com
. He's got quite the feud going with the, lets charitably call him, outlandish Overstock CEO, Patrick Byrne. And he's not the only one - somebody page Gary Weiss
Labels: Crazy Eddie, Gary Weiss, Overstock, Patrick Byrne
Overstock CEO Patrick Byrne Brings the Crazy
You may recall that the SEC's looksee into Gradient Analytics was prompted by one Patrick Byrne, the...interesting CEO of Overstock.com
. As with all things, Patrick Byrne, nobody covers it better and with more geniune disdain than Gary Weiss
Labels: Gary Weiss, Gradient Analytics, Overstock, Patrick Byrne
New Column for One of The Daily Caveat's Favorite Muckrakers
And muckraker extraordinaire, Garry Weiss
, keeps you on top of ever bit of it.
Read the latest here
Labels: Gary Weiss, Overstock, Patrick Byrne
ShareSleuth.com is Live and Scooping
, late of BusinessWeek
and currently blogging away here
, has found a new outlet for his particular band of business journalism. Forbes
will be featuring Weiss in a new column, appropriately entitled Muckraker. Details here
The first Forbes column is also online here
Labels: Gary Weiss
Chicago Lawyer The Latest to Face Scrutiny Over Connection to Milberg Securities Cases
A few weeks back Marc Cuban
made waves when he announced that he'd be sponsoring a new scoops and news investigative blogsite devoted to corporate shenanigans. It wasn't Cuban's watch-dog zeal that had folks up in arms, however. Rather, it was his open declaration that he planned to make money
by using the tips prior to their open publication, Sharesleuth.com
, to guide investment decisions.
Well, whatever Cuban's intentions, the site is currently live under the care of editor and long-time business reporter, Chris Carey. Now I know you guys reserve your best tips for The Daily Caveat, but, throw the new guys a bone, who dontcha.
And my thanks to Gary Weiss
for birddogging this story over the last few weeks. His is another fine blog you should be reading.
Labels: Gary Weiss
Milberg Weiss Kickback Probe Turning to Melvyn Weiss Himself? Will Bill Lerach Be Far Behind?
it was Denver, Colorado's Gary Lozlow. This week it is William Cavanagh of the Springfield, Illinois law firm Cavanagh & O'Hara who has come under scrutiny for his role in several cases involving the embattled plaintiffs' firm
, Milberg Weiss. Milberg is currently under indictment in relation to charges that the firm paid kickbacks to individuals in exchange for their serving as leap plaintiffs in the firm's class action securities litigation.
While none of the charges in the Milberg indictment stem from cases that involved Cavanagh's firm, prosecutors have cast an increasingly wide (and some have alleged, politically motivated) net. Cavanagh's activities have come into question because he acted concurrently as a consultant to Milberg whilse simultaneously serving as General Counsel for the Illinois Central Laborers' Pension Fund
, a post he has held for 16 years.
. And still more, here
Labels: Gary Weiss, Melvyn Weiss, Milberg Weiss
Congressional Democrats Come to Defense of Milberg Weiss
Thusfar bossman Melvyn Weiss has bee in the clear of the government's investigation of alleged illegal kickbacks made by Milberg Weiss to individuals in exchange for their re-occuring role as lead plaintiffs in the firm's securities class actions. Both Weiss and former partner Bill Lerach had reportedly been told by feds that neither was in the crosshairs of the ongoing investigation. Recent reports would indicate that the situation has changed.The National Law Journal is reporting that
in a 2003 meeting with Denver lawyer was Gary Lozow, of Isaacson Rosenbaum, Melvyn Weiss offered Lozow agreed that a percentage of attorney fees in two cases would find their way to Howard Vogel, a figure well known
to those who have been following the kickback investigation. Lozow is currently cooperating with prosecutors and provides what investigators have long sought, a potential direct link between Weiss and the alleged kickbacks.
Labels: Gary Weiss, Howard Vogel, Melvyn Weiss, Milberg Weiss
Good news is in somewhat short supply for Milberg
these days. This'll have to do...
US Congress slams Milberg Weiss indictment
June 14, 2006
Milberg Weiss Bershad & Schulman, the US plaintiffs’ firm recently indicted for alleged referral fees, has picked up a powerful ally in the shape of the US Congress. Congress issued a statement slamming the US Department of Justice’s actions in indicting Milberg Weiss.
Signed by four Democrat Congressmen - Charles Rangel, Carolyn McCarthy, Gary Ackerman and Robert Wexler - the statement says: “The unprecedented recent indictment of Milberg Weiss Bershad & Schulman is a very thinly veiled attempt by the Bush Administration to accomplish by bullying and intimidation what it has not been able to do by law - to end class-action lawsuits, one of the few tools remaining to safeguard the American consumer.”
The statement comes almost a month after Milberg Weiss and name partners David Bershad and Steven Schulman were indicted by Los Angeles federal prosecutors for allegedly paying referral fees to named plaintiffs in shareholder lawsuits.
For the record, both Melvyn Weiss and Bill Lerach have long said that the government's years-long investigation into their conduct has been politically motivated... The original Lawyer
article appears here
Labels: Department of Justice, Gary Weiss, Melvyn Weiss, Milberg Weiss