Remember Benula Bensam? She’s the Benjamin M. Cardozo School of Law student who couldn’t land a summer internship, decided to spend her summer haunting the U.S. Southern District courthouse in downtown Manhattan. Which was going just fine, thank you, until Ms. Bensam started writing letters to Judge Jed Rakoff during the insider-trading trial of former McKinsey & Co. CEO Rajat Gupta.
That led to Ms. Bensam being summoned from the courtroom by U.S. Marshals,who instructed the eager law student that her correspondence (read the letters here) could be construed as an attempt to influence the case. At least, so go the press accounts of the incident.
Geithner visits Congress: Treasury secretary Timothy Geithner will testify before the House Financial Services Committee today about the rate-rigging scandal, where it figures he’ll be asked why the New York Fed failed to alert other regulators when a Barclays employee told the Fed that the bank was rigging Libor in April 2008. (Mr. Read More
As we remarked this morning, the wheels of justice have been turning slowly in the insider-trading trial of Rajat Gupta, the former McKinsey & Co. chief executive accused of funneling corporate secrets to Galleon Group hedge fund manager Raj Rajaratnam.
Indeed, so slowly that Judge Jed Rakoff has exhorted attorneys to liven up proceedings, Read More