Richard Painter News
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Kathleen Sebelius, the secretary of the U.S. Health and Human Services Department, broke a law that restricts political activity by government employees when she called for President Barack Obama’s re-election in a February speech, government lawyers found.
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It had been two days since U.S. lawmakers negotiated all night to finish rules that would reshape the business of Wall Street. The 20-hour session left legislators, aides, lobbyists and regulators exhausted. Almost no one had a grip on all the details.
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Justice Antonin Scalia will speak to U.S. lawmakers at a seminar sponsored by the Tea Party Caucus, a group whose organizer, Representative Michele Bachmann , has urged the courts to strike down the new health-care law.
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The Federal Reserve Bank of New York failed to revise conflict-of-interest rules to reflect its responsibility for a broader array of financial firms under the Dodd-Frank Act passed a year ago, the Government Accountability Office said yesterday.
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Elizabeth Warren , named by President Barack Obama to set up the new consumer finance agency, was paid $90,000 this year to be an expert witness in a class-action lawsuit against some of the biggest U.S. banks.
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H. David Kotz, the inspector general in charge of policing conflicts of interest inside the U.S. Securities and Exchange Commission, may face further questions about his own activities.
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A U.S. Supreme Court ruling last month may translate into billions of dollars in litigation savings for foreign-based companies including Vivendi SA , Infineon Technologies AG , Societe Generale and BP Plc .
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Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co.
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Justice Samuel Alito , acknowledging an unintentional conflict of interest, said a staff oversight led him to take part in a 2009 U.S. Supreme Court ruling involving Walt Disney Co. ’s ABC Inc. even though his children held Disney stock.
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