Ex-Prosecutors Add Perspective For Shearman & Sterling

Law360, New York (December 1, 2005, 12:00 AM EST) -- Along the trail of multi-billion dollar settlements signed off by investment banks retreating from Enron-related fraud allegations, you won’t find Merrill Lynch & Co. Inc. The firm is represented by New York City-based Shearman & Sterling LLP, which has so far steered clear of a costly agreement.

More than $7 billion has been squeezed out of major players like Citigroup Inc., JPMorgan Chase & Co., Canadian Imperial Bank of Commerce and Andersen Worldwide, but that hasn’t been enough to sway Shearman from its course.

The key...
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