Welcome back E/O, leagl and Fringey: no one say the name "Penske" 3 times in a row

[Mmmm, Burger (C.J.)]

Originally Posted by greatwhitenorthchick

Jesus -- I borrowed this guy's notes for Evidence once:

http://amlawdaily.typepad.com/amlawd...n-tragedy.html

Were the notes good? Or did they fail to grasp basic concepts of law?

[Greedy,Greedy,Greedy]

Originally Posted by LessinSF

The title of this piece (and Adder's adoption thereof) offends me - "Insider Trading Probe of ex-Dorsey Partner Ends in Tragedy." This is not a tragedy.

"Tragedy" in this context means "a lamentable, dreadful, or fatal event or affair; calamity; disaster: the tragedy of war." While fatal, I don't think this is either lamentable, dreadful, calamitous, or disasterous. It seems both foreseeable and not undesirable.

Cold.

Isn't the tragedy that the guy didn't take his $10 million and whisk a lithe and lovely law school classmate off to the Carribean to live a life of dissipation and idle glamour? Instead, he stuck with a kafkaesque life as a sub-subaltern in a continually expanding octopus of a firm that devoured his soul but failed to leave him with an anonymity sufficient to protect him from the inquiries and investigations of the sub subs of the ministry? I see the tragedy here, but I think you've missed it.

[Adder]

Originally Posted by LessinSF

The title of this piece (and Adder's adoption thereof) offends me - "Insider Trading Probe of ex-Dorsey Partner Ends in Tragedy." This is not a tragedy.

"Tragedy" in this context means "a lamentable, dreadful, or fatal event or affair; calamity; disaster: the tragedy of war." While fatal, I don't think this is either lamentable, dreadful, calamitous, or disasterous. It seems both foreseeable and not undesirable.

As Gwinky knew the guy, I was simply trying to avoid anything that smacked of "good riddance" but at least you do not feel so restrained.

[bold_n_brazen]

Originally Posted by Greedy,Greedy,Greedy

Cold.

Isn't the tragedy that the guy didn't take his $10 million and whisk a lithe and lovely law school classmate off to the Carribean to live a life of dissipation and idle glamour? Instead, he stuck with a kafkaesque life as a sub-subaltern in a continually expanding octopus of a firm that devoured his soul but failed to leave him with an anonymity sufficient to protect him from the inquiries and investigations of the sub subs of the ministry? I see the tragedy here, but I think you've missed it.

TM was right. You should quit this.

[Greedy,Greedy,Greedy]

Originally Posted by bold_n_brazen

TM was right. You should quit this.

Did I ever congratulate you?

[greatwhitenorthchick]

Originally Posted by Mmmm, Burger (C.J.)

Were the notes good? Or did they fail to grasp basic concepts of law?

Yeah, the notes were really good. S&C doesn't hire dummies. Greed can lead to blindness about some basic facts, I guess.

[Flinty_McFlint]

Originally Posted by Mmmm, Burger (C.J.)

Were the notes good? Or did they fail to grasp basic concepts of law?

I like this line of questioning.

[Atticus Grinch]

Originally Posted by Mmmm, Burger (C.J.)

Because the first thing investigators do in insider trading cases is talk to people with knowledge of the deal about whom they might have mentioned the deal to?

This confirms the only remaining impression I have of Corporations class in LS -- that insider trading must be staggeringly difficult to detect, that it must be ricockulously common amongst the reptilian titans of securities trading, and that the only difference between a fat cat and a dead duck is that the dead duck got too greedy all at once on one big tip rather than playing smart and parlaying trading profits in small enough increments not to warrant attention. Also, don't be a celebrity big enough that an ambitious AUSA thinks he can deter others by making an example out of you -- that part I didn't learn in LS, admittedly.

But I'm a dumbfuck who is muy pobre and didn't have anything on his financial disclosure forms last year other than his house and about $10,000 worth of baby clothes, so don't take advice from me.

[Hank Chinaski]

Originally Posted by greatwhitenorthchick

S&C doesn't hire dummies.

I had an interview at Blakes. impressed?

[LessinSF]

Originally Posted by Greedy,Greedy,Greedy

Cold..

Not every death rises to the level of "tragic."

Isn't the tragedy that the guy didn't take his $10 million and whisk a lithe and lovely law school classmate off to the Carribean to live a life of dissipation and idle glamour? Instead, he stuck with a kafkaesque life as a sub-subaltern in a continually expanding octopus of a firm that devoured his soul but failed to leave him with an anonymity sufficient to protect him from the inquiries and investigations of the sub subs of the ministry? I see the tragedy here, but I think you've missed it.

He chose, when given the chance many of us never get, to opt in. This is not tragic. Can you see this story as an opera? No? Ergo, it is not a tragedy.

[greatwhitenorthchick]

Originally Posted by Hank Chinaski

I had an interview at Blakes. impressed?

Not especially.

[Hank Chinaski]

Originally Posted by greatwhitenorthchick

not especially.

2

[Fugee]

Originally Posted by Atticus Grinch

This confirms the only remaining impression I have of Corporations class in LS -- that insider trading must be staggeringly difficult to detect, that it must be ricockulously common amongst the reptilian titans of securities trading, and that the only difference between a fat cat and a dead duck is that the dead duck got too greedy all at once on one big tip rather than playing smart and parlaying trading profits in small enough increments not to warrant attention. Also, don't be a celebrity big enough that an ambitious AUSA thinks he can deter others by making an example out of you -- that part I didn't learn in LS, admittedly.

But I'm a dumbfuck who is muy pobre and didn't have anything on his financial disclosure forms last year other than his house and about $10,000 worth of baby clothes, so don't take advice from me.

I don't think it is difficult to detect that insider trading has occurred but may be more difficult to figure out who is doing the trading. At least it takes a lot more work. I was on a LBO deal when I was a baby lawyer and the NYSE determined there had been a suspicious volume of trading in the couple days before the first announcement. As the ultra-low peon on the deal, I was assigned to make a chart listing day by day from the start of the deal who from the bankers, and the clients was on calls and in meetings. I assume this was given to the SEC as a starting place for their investigation.

If someone got the information by snooping around the offices, it would be easier to get away with it.

[Mmmm, Burger (C.J.)]

Originally Posted by LessinSF

Can you see this story as an opera?

I can hear the Anvil Chorus as the early years at S&C are covered.

[ThurgreedMarshall]

Originally Posted by Gattigap

Alright, someone explain the white-guy-in-a-snuggie-raising-the-roof thing going on here. Did someone let Flower into a focus group again?

After watching that, I'm going to have to have someone explain white people to me. Let's start from scratch.

TM