Tuesday, November 23, 2004
An article in the Washington Post (Nov. 23) discusses the recent push to investigate the conduct of lawyers for corporations who assist their clients in wrongdoing. Defense lawyers have complained that the authority granted to the SEC in the Sarbanes-Oxley Act to discipline lawyers will be used to chill proper legal representation. Apparently, the complaint is falling on deaf ears at the SEC:
Responding to complaints from defense lawyers at yesterday's American Bar Association meeting that the agency was moving too aggressively, deputy enforcement director Linda Chatman Thomsen said, "I'm delighted that you're all worried. It's part of the job."
As Sgt. Phil Esterhaus used to intone at the end of roll call on Hill Street Blues: "Let's be careful out there."