Morning Read

Shareholders’ Lawyers Shine Next to Government; Goldman Sachs Reverses Campaign Giving: Roundup

Max Berger has won billions in settlements in shareholder lawsuits involving Bank of America, Lehman Brothers, Merrill Lynch, Wachovia and Washington Mutual, according to The New York Times. Sometimes viewed in a harsh light, plaintiff’s lawyers are look better when their results are compared to the smaller settlements the government tends to command.

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Romney’s Remarks on ’47 Percent’ Made at Private Equity Head’s Home; Studying the Power of Einhorn: Roundup

Footage of Mitt Romney’s remarks about the 47 percent voters who don’t pay taxes or depend on government assistance—”I’ll never convince them they should take personal responsibility and care for their lives”—was taken in the Florida home of Marc Leder, co-CEO of private equity firm Sun Capital Partners, said David Corn, the reporter who published video clips at Mother Jones. Mr. Leder, a part-owner in the Philadelphia 76ers, is as TPM points out, also known for his bacchanals: “At the Bridgehampton home that Leder rented for a whopping $500,000 a month, guests cavorted nude in a pool and performed sex acts, while scantily clad Russian women danced on platforms,” The New York Post reported last year. Read More