Shearman Threatened With Ethics Referral In SunEdison MDL

Law360 (June 17, 2019, 6:08 PM EDT) -- A federal judge in Securities Act multidistrict litigation surrounding energy giant SunEdison has threatened to report Shearman & Sterling LLP attorneys to ethics authorities after the lawyers asked the court to pull a related case from bankruptcy court, but failed to alert the district judge about a ruling in the bankruptcy case.

Shearman in May asked U.S. District Judge P. Kevin Castel in the Southern District of New York to withdraw the separate case from bankruptcy court so the district court could solely review the matter. In that case, SESL Recovery LLC alleges that Deutsche Bank Securities Inc., the firm's client, "duped"...

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New York Southern

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Securities/Commodities

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October 6, 2016

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