The proposed settlement is not only fair and reasonable but as good an outcome as anyone could reasonably expect in these difficult circumstancesWorldCom settlement is approved Jul 07, 2003
Do Wall Street people expect to be paid large bonuses in years when their company lost $27 billionJudge rejects Bank of America's $33M fine Aug 11, 2009
It does not comport with the the most elementary notions of justice and morality, in that it proposes that the shareholders who were the victims of the bank's alleged misconduct now pay the penalty for that misconductJudge orders Bank of America to trial Sep 14, 2009
And all this is done at the expense, not only of the shareholders, but also of the truthSEC considers revealing more details Apr 01, 2010
Even merchants of morbidity are entitled to the full protection of the law, for our sake as well as theirsN.Y. judge rules against anti-smoking ads Dec 30, 2010
Jed Saul Rakoff (born August 1, 1943) is a United States District Judge for the Southern District of New York.
Rakoff was born in Philadelphia, Pennsylvania January 1, 1943. Rakoff graduated with honors in English literature from Swarthmore College (B.A. 1964), earned his M. Phil. from Balliol College at Oxford University (1966). He received a J.D.,cum laude, from Harvard Law School (1969), where he was a member of the Harvard Legal Aid Bureau. He has received honorary degrees from Saint Francis University and from Swarthmore.
After serving as law clerk to the late Honorable Abraham Freedman of the U.S. Court of Appeals for the Third Circuit, Rakoff spent two years in private practice at Debevoise & Plimpton before joining the U.S. Attorney's Office for the Southern District of New York. He spent seven years with the Office, the last two as Chief of the Business and Securities Fraud Prosecutions Unit. He then returned to private practice where he was a partner first with Mudge, Rose, Guthrie, Alexander & Ferdon, and then with Fried, Frank, Harris, Shriver & Jacobson. He headed both firms' criminal defense and civil Racketeer Influenced and Corrupt Organizations Act (RICO) sections.