Replies to post #6301 on Dime Bancorp Inc (fka DIMEQ)

[linda1]

http://www.forbes.com/2009/10/15/sec-receiver-northshore-asset-personal-finance-pauley.html




It appears from the Article in the above link that the love of money may abide TOO MUCH in Art Steinberg.



" Pauley really hit the roof when he was told Steinberg and his colleagues at the Kaye Scholer law firm

believed they were owed more than $11 million in fees and expenses, despite collecting just $2.4

million in undiscovered cash. After Pauley cried foul, the SEC and the firm agreed to cut the law firm's

pay to $7.6 million.


The latest round of the fight involved Steinberg and his firm's fee request for March through

December of 2008. The lawyers wanted nearly $600,000; Pauley said $473,000 would be plenty.

"Characteristically, the SEC does not oppose [Steinberg's] fee application," Pauley wrote in last week's

decision. "This court wonders who should guard the guardians." An SEC spokesman said the commission

declined to comment on Pauley's criticisms in the Northshore case. "