Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
Ex-Deloitte & Touche LLP partner Thomas P. Flanagan pleaded guilty to one count of securities fraud and admitted he traded on inside information about clients of the firm, the U.S. Justice Department said.
The U.S. Securities and Exchange Commission is writing new rules in the wake of Knight Capital Group Inc. losses that could turn longstanding policies for how exchanges manage their automated systems into regulations.
Kirkland & Ellis LLP partner and former federal judge Mark Filip was selected to be co-chairman of a panel to find a successor to Chicago’s former U.S. attorney, Patrick Fitzgerald. Retired U.S. District Judge David Coar will be the other co-chairman of the committee.