Category Archives: News and Events

When former Turning CEO Martin Shkreli proposed increasing the price of Daraprim by 5,000%, Turing’s now former vice president and general counsel joined with other managers to tell Shkreli that the move “would have a severely negative impact on Turing’s … Continue reading →

Who knows what happened at the once 1,300-lawyer firm? Well, post-2008, the law firm was not doing as well as it would have liked. Revenue was not what it needed to be, particularly if the firm was to meet the … Continue reading →

Mr. Silver faces up to 20 years in prison. However, a few classic lines indicate that New York’s reforms will take more than one measly conviction of the state’s most powerful political figure for the last 20 years. Mr. Silver’s … Continue reading →

Rohit Bansal, a former Goldman Sachs employee, entered a guilty plea to obtaining confidential (think secret) from the Federal Reserve Bank of New York and then using that info to further his career. Goldman fired Mr. Bansal, 30, after discovering … Continue reading →

Brandi Weaver-Gates was charged with theft for allegedly setting up an online fundraising scheme to raise money for her cancer treatment. The alleged scheme was elaborate. Ms. Weaver-Gates shaved her head and had her family sit in a hospital waiting … Continue reading →

Well, as Sheriff Andy Taylor used to say, “Don’t that beat all?” The attorneys general for the states of Pennsylvania and Texas were indicted this week. Pennsylvania Attorney General Kathleen Kane was indicted for leaking grand-jury (think confidential) information to … Continue reading →

Not being a sports fan, the Barometer thought the federal government had passed another wage tax — FICA, FUTA, and now, FIFA. However, turns out the organization responsible for futbol, football, soccer, that game with the black-and-white ball they bounce … Continue reading →

How do you know when your country has reached the point of no return on corruption? Spain may have made it. The Popular Party made a pledge, drew a “red line,” as the leader of the Valencia Province phrased it, … Continue reading →

“This is the part I don’t get.” So spoke Diane Chambers (Shelley Long) in the series “Cheers,” as she was trying to understand the charm and drawing power of Carla Tortelli’s (Rhea Perlman) ex-husband, Nick Tortelli. Despite his “pond scum” … Continue reading →

In the lessons learned department, Wells Fargo, a bank that largely escaped the fall-out from the subprime mortgage market because it chose not to go down that path too far, is the first lender to recognize the evolving risk in … Continue reading →

In the class, “Sports, Ethics, and Religion,” 64 of the 272 students taking the class were suspended for cheating. How difficult is the concept of not cheating in an ethics class?

Dominique Strauss-Kahn, former head of the IMF, and one-time candidate for president of France, at his trial in Lille, France for aggravated pimping for his alleged role in organizing orgies in that city. He later admitted under oath that he … Continue reading →

The Barometer is smiling. Mr. Cohen, the trading rules are not your problem. Every single fund manager who was with you or formerly affiliated with your firm had top-notch training. Former SEC Chairman Harvey Pitt did some of the training … Continue reading →

Jonathan Burrows, a BlackRock fund manager for 20 years, has been banished from the finance industry by Britain’s financial regulator. The reason? Well, Mr. Burrows was commuting to work from the East Sussex to London — a one hour and … Continue reading →