Washington D.C. class action lawyer & attorney Steve Berk has launched his corporate abuse blog, The Corporate Observer, to share a trial lawyer’s perspective on corporate misconduct. Steve has over twenty years of litigation experience spanning both the private and public sectors.
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Nearly one hundred years young, Bunny Mellon, wife of the late Paul Mellon (yes that Mellon: banks, railroads, priceless art collection, inheritor of robber-baron money) took a shine to a handsome Senator seeking the Presidency: Johnny Reid Edwards. It was not the first go-around for Ms....
Countrywide (Bank of America) and Saxon (Morgan Stanley) Illegal Foreclosures Against Military Veterans: How Low Can You Go?
Even for notoriously money-blinded financial behemoths, preying upon veterans and their families defies even the most cynical observer’s imagination. In the sea of fraud and manipulation following the financial crisis, Bank of America and Morgan Stanley have hit rock bottom (or at least...
What would Abraham Lincoln have done? I don’t often stray beyond domestic policy and as most readers of this blog know, if I have a strength, it is my commentary on the plight of consumers and how they are too often manipulated by more organized and focused forces representing big business...
I am returning from a legal conference held in Milan, Italy over the weekend. Not surprisingly, dinner conversation inevitably turned to Dominique Strauss-Kahn (“DSK”). “What do you think Steve?” Before I could say a word, thank goodness, my European friends...
When a member of a Senate or House Committee has the floor at a hearing, picture a large television monitor (think the size of the screen in the Dallas Cowboys’ new stadium) airing commercials of the member’s top 5 political contributors. Big HD screen with stereo sound. ...
This is a tough one to be sure. The law favors the banks but we applaud the DOJ for trying. It strains credulity that a sophisticated banker wouldn’t know what was going on with the flamboyant Stanford. If banks are held accountable, the Stanfords of the world...
Sufficiently confused? Decidedly undecided? You are not alone. TCO opined a few months ago—tentatively—that the merger is a good thing for consumers, but the Justice Department disagrees. Every coin has two sides, though in Washington we often see one side...
Standard and Poor’s announced it has sacked former CEO Deven Sharma in favor of Doug Peterson, former Citigroup Chief Operating Officer. (Click here for the WSJ story.) We can’t say we’re shocked. Under Mr. Sharma’s watch, S&P recklessly approved a...
Executive Compensation is an explosive topic. Every time I post on it, I receive … well … “hate mail.” Vitriolic comments in the vein of “how dare I suggest limitations on compensation. It is un-American.” One gentleman wrote me and...
On May 12, Senator Mike Enzi, Republican from Wyoming and Congressman Rob Bishop, Republican from Utah, introduced the Repeal Amendment by joint resolution to the US House and Senate. A number of Republican Senators and members of Congress serve as cosponsors. The Repeal Amendment, a...