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...surprising that the auditors for these various funds didn't identify that the underlying assets were not there," says Christopher Wells, a partner at the law firm Proskauer Rose who specializes in hedge funds. "You would think that is something they test...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...couples who can't bear to spend even a night apart, the advantages of commuter marriages are perhaps unfathomable. But to people like Wendy Wu, 34, they're crystal clear. Wu, a litigator for New York City-based firm Proskauer Rose, was married in April 2006. As an associate, she works ungodly hours but feels little guilt about leaving her new husband waiting at home alone--because said husband is three time zones away, in Los Angeles, where he works for the police department. Wu has been working out of the L.A. office of her firm, and when...

Author: /time Magazine | Title: Till Work Do Us Part | 9/27/2007 | See Source »

...adoption benefits, but the assistance is so appreciated that workers gush about it to colleagues, spreading the warm, fuzzy corporate feelings. "Not to cheapen it, but it's cost-effective goodwill," says Sorensen, "one that doesn't hit the bottom line very hard." Greg Rasin, a partner with Proskauer Rose who advises employers on benefits, points out that at the very least, the Families and Medical Leave Act compels employers with more than 50 workers to provide up to 12 weeks of unpaid leave. Legal bonus: offering adoption benefits might shield them from lawsuits by workers seeking parity with those...

Author: /time Magazine | Title: Adapting to Adoption | 6/7/2007 | See Source »

...Facebook set may not like it, but courts are mostly giving the O.K. to corporate spying. "I haven't seen one case where an employee has won on a right-of-privacy claim," says Anthony Oncidi, head of the labor and employment department at law firm Proskauer Rose. Companies can ward off privacy claims if they have informed staff members they're being monitored, even if only in a single sentence in a rarely read handbook. Even when there is no advance notice, workplace-privacy claims have proved hard to win. Only two states (Connecticut and Delaware) require bosses...

Author: /time Magazine | Title: Snooping Bosses | 9/3/2006 | See Source »

...became known as the man who called Al Smith the Happy Warrior. But Roosevelt deserved little credit. The Wordsworth couplet (from the poem that was read at Grover Cleveland's funeral in 1908) was written into the nominating speech by its principal ghostwriter, New York Judge Joseph M. Proskauer. Roosevelt accepted the idea reluctantly, argued that the flourish was too literary for hardheaded convention delegates...

Author: /time Magazine | Title: National Affairs: THE DEFEAT OF THE HAPPY WARRIOR | 4/18/1960 | See Source »

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