Jerry Silk Discusses Defendant Accountability in The New York Times
January 27, 2013
The New York Times Pulitzer Prize-winning journalist Gretchen Morgenson set her sights on the regulation of the financial sector in her Market Watch column “Making Them Pay (and Confess).”
Critics of the S.E.C and other government agencies claim that current government enforcement practices allow defendants to avoid culpability by not forcing them to admit to wrongdoing and thus protecting them from legal liability. Admissions not only hold defendants accountable but make their crimes a matter of public record.
BLB&G partner Jerry Silk, interviewed for the column, acknowledges the current difficulties of prosecuting civil securities cases and the potential impact of changing these regulatory practices. ''There are so many obstacles placed on investors trying to bring claims when a fraud is committed. Having the ability to rely on admissions by corporate defendants in government actions will help insure that meritorious cases are not dismissed on technical procedural grounds.''
Mr. Silk represents institutional investors on matters involving federal and state securities laws, accountants' liability and the fiduciary duties of corporate officials. As head of the firm's Subprime Litigation Group, Mr. Silk he counsels institutional clients on potential legal claims and is leading the efforts to address the substantial shareholder losses resulting from the collapse of the subprime mortgage sector. He is currently advising institutional investors worldwide on their rights with respect to claims involving transactions in residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs).
Also of Interest
Adam Wierzbowski Named “Rising Star” by New York Law Journal
The New York Law Journal Profiles Adam Wierzbowski – One of Its 2019 “Rising Stars”
October 15, 2019
20 BLB&G Attorneys Named by Super Lawyers to its 2018 New York Metro Edition
Benchmark Names Seven BLB&G Partners as Litigation Stars
ISS SCAS Releases Top Securities Settlements Report: Bernstein Litowitz Leads the Field for Ninth Consecutive Year
February 11, 2019
Gerald Silk Named a Lawdragon 500 “Legend”
June 19, 2018
Benchmark Once Again Names Six BLB&G “Litigation Stars”
The New York Law Journal Names Mark Lebovitch Its 2019 “Attorney of the Year"
October 23, 2019
Super Lawyers Names 21 BLB&G Attorneys to its 2017 New York Metro Edition
September 20, 2017
Salvatore Graziano named among Top 100 Attorneys in Super Lawyers 2018 New York Metro Edition