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The favorable ruling from the influential appeals court bolstered the plaintiffs' securities bar, which has suffered a series of setbacks in recent years as courts have made it more difficult for plaintiffs' lawyers to bring class action lawsuits.
The convergence of such prominent lawyers exemplifies the insular world of the securities bar — and the revolving door its members often pass through on their way back and forth between government and private practice.
JOHNSON--Charles J.,Jr., esteemed partner of the former Brown & Wood (now named Sidley Austin LLP) law firm in New York, and commanding presence in the securities bar before his retirement in 1988, passed away on February 2 at his home in Savannah, GA.
"As a group, Harvey's friends in the securities bar have been slightly bewildered by his inability to show a more finely tuned political antenna," said David S. Ruder, a Northwestern University law professor who served as S.E.C. chairman during the Reagan administration.
Although neither Mr. Bershad nor Mr. Schulman has been sentenced, the denouement of the case came this week, when Mr. Weiss, one of the co-founders of Milberg Weiss — and long considered one of the giants of the securities bar — was sentenced to 30 months in prison.
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"What we have to do is make the security bar so high that anybody will say, 'To heck with that.' " But Mr. Rubin, the principal author of the first Diebold study, argues that when the stakes are sufficiently high, people will go to extraordinary measures to beat a system.
The newfound availability of biometric technology for mobile and cloud-based platforms raises the security bar further.
Troy Hunt, a security professional with Microsoft, perhaps put it best when he wrote, "Remember folks that this is where the security bar is – 15 year old kids successfully hacking 3 letter law enforcement agencies".
They're in the house, which reminds me: Security, bar the doors.
Balance was assessed as the period for which the participant could stand in this manner without opening his eyes, touching the security bar or putting down the other leg.
And not just because of the way security bars look.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com