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Seeger Weiss Blog: Legal News and Analysis

Archives : 2010 : November

Gulf oil spill dispersed, though maybe not for good

November 3rd, 2010

From the Baltimore Sun’s environmental blog, B’More Green:

The massive use of dispersant chemicals to break up the Deepwater Horizon oil leak may have prevented more serious harm to Louisiana’s wildlife and wetlands, but the remedy may actually have caused more subtle long-term harm to less visible but important components of the Gulf of Mexico ecosystem, suggests a University of Maryland researcher.

SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar

November 2nd, 2010

From Pro Publica:

“Magnetar often purchased the riskiest portion of CDOs, enabling the banks to complete the deals. Magnetar also frequently bet against those same CDOs, using side bets. Magnetar’s purchases ultimately spawned at least $40 billion worth of risky CDOs in 2006 and 2007.”