In the News Today - November 5, 2015

November 05, 2015

Oil Spill Fraud Defendant Was Also Convicted in Fen-Phen Fraud Case: A sixth defendant in a $2.3 billion Gulf oil spill fraud case in Mississippi was also convicted ten years ago "for providing false names for claims against the manufacturer of the diet drug Fen-Phen." That defendant, Gregory Warren, was arraigned this week on charges related to the ongoing fallout from the indictment of well-known plaintiffs' attorney Mikal Watts. Watts was recently indicted in Mississippi “on 95 counts of conspiracy, mail fraud, wire fraud, identity theft and aggravated identity theft,” arising out of the oil spill settlement litigation. (Biloxi Sun-Herald)

Doctor Testifies Against Sheldon Silver: Dr. Robert Taub told a federal jury yesterday that he initially lied when investigators asked him if he had referred asbestos victims to indicted former New York Assembly Speaker Sheldon Silver for legal representation. Dr. Taub said he later admitted to "referring over 25 clients to the powerful Democrat in the hopes Silver would help his research center." (Wall Street Journal)

SEC In-House Court Proposals 'Don't Go Far Enough': The U.S. Securities and Exchange Commission's recent proposals to "modernize" the agency's administrative courts are a "step in the right direction" but "still do not go far enough to leveling the playing field for respondents," writes William F. Johnson, partner, King & Spaulding. (Law.com)