Judge in Wyly Case Has Leftist Record

SEC's Fraud Case against Wyly Brothers May Be Strong, Experts Say. So read the headline on a story by Eric Torbenson of the Dallas Morning News. But have these experts somehow had a chance to look at the evidence, pro and con, that will be offered up in the case. No, they have heard only one side of the story. Ah, but they know two facts about the case.

First, it will not be heard in Texas, or indeed anywhere in the American South, which happens to be where the Wyly brothers live and do business. Rather, it will be heard in the Southern District of New York, the district made famous by the convictions of Michael Milken and Frank Quattrone. The rationale, apparently, is that some of the alleged insider trading took place there. But as John Coffee, a law professor at Columbia University told Torbenson: "It's an artful and legitimate attempt to avoid" going to trial in Texas. Artful, certainly. Legitimate? Regretably.

The other known fact is that the case will be heard by Judge Shira Scheindlin. A quick glance at Wikipedia suggests that everything in the judge's career  involves a leftist outlook. Most relevant to the Wyly case, perhaps, was her attempt to unleash a mass tort action against investment banks for their handling of Tech IPOs , a ruling that was mercifully reversed by the Second Circuit.

The Jerusalem Post has picked up on the Sholom Rubashkin case .

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