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Seeking investments without using the ridiculous style-box approach. If I can make a return in excess of what I judge the risk to be, I'll invest. Over time, using a Kelly formula, I tend to weight positions from 2-10%. A diversified portfolio is a career-saving move, not an investment... More
  • Faruqi & Faruqi's Clouded Reputation Takes Another Hit With Sex Suit 0 comments
    Jan 13, 2014 2:45 PM

    Anyone with a passing familiarity with Merger Arbitrage has heard of/from these 'gentlemen' purporting to act in the poor shareholders behalf.

    It seems that whatever you thought about their firm and ethics, is actually true: Faruqi & Faruqi is a little Wall Street law firm that makes a living on the fringes of the securities-litigation business. Specifically, lawyers there specialize in extracting fees from corporations who find it less expensive to pay them off than to litigate.

    There's not much solidarity among class-action attorneys, and some have had the long knives out for Faruqi for a while. So it's hardly surprising that the same day as a salacious lawsuit accusing Faruqi & Faruqi Partner Juan Monteverde of sexually harassing a young lawyer hit the federal courthouse in New York, it was the subject of a lengthy feature in Above the Law.

    Forbes Link

    Above the Law Link

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