Word: lawyerly
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...paneled corridors of Manhattan's brokerage firms and investment houses, the scandal was reverberating in an atmosphere that one eminent Wall Street lawyer described as "hysteria." At blue-chip law firms, telephones rang incessantly as worried players of the multibillion-dollar business- takeover game sought advice and protection. Said a nervous Manhattan brokerage executive: "Everyone is scared to read the newspaper in case his name might be in it." Similar jitters struck in Los Angeles, where guards carefully screened visitors to the offices of one of the country's hottest investment firms, now the focus of curiosity and controversy...
Says Samuel Winer, a former SEC enforcement lawyer now in private practice in Washington: "You can get away with all kinds of discussions and not tell anyone." Winer would require companies to announce publicly whenever preliminary takeover negotiations begin. He would also mandate companies to release much more quickly such important data as earnings projections and year-end financial results...
...highly regarded Washington securities lawyer who is familiar with the Boesky case probably speaks truly when he observes that "we may well get a whole string of new laws or regulations. Whether they're fundamental changes, however, depends on whether the public will care enough to push for them." In that regard, the widening stain surrounding Ivan Boesky may be serving a perverse kind of service to the integrity of the marketplace. If the shock and dismay engendered by his case are bolstered by further disclosures, popular indignation could guarantee a regulatory shakeup. It may be that further fallout resulting...
...million that year by buying 11.1% of Walt Disney Productions and then reselling it to the company at a premium, a practice known as greenmail. Boesky made much of his fortune by guessing -- and sometimes knowing -- where the corporate raiders would strike next. Says an eminent Washington securities lawyer: "The millions and millions that are made out of nonproductive deal making represent the collapse of real morality in our markets...
...profits, or about the same amount of ill- gotten gains cited in the SEC's Nov. 14 complaint. What many Wall Streeters found even more surprising, in view of the sweep of his illegal activities, was the mildness of a single unspecified criminal charge against Boesky. Says a securities lawyer in Washington: "He must have made a very attractive offer to them...