The Maverick Judge Who Brought Corporate America to Justice
Who is Jed Rakoff?
Jed Rakoff is a Senior United States District Judge for the Southern District of New York. He is known for his outspoken criticism of corporate misconduct and his willingness to take on powerful corporations.
Rakoff was born in New York City in 1944. He graduated from Harvard College and Harvard Law School. After law school, he worked as an attorney for the Securities and Exchange Commission (SEC). In 1996, he was appointed to the federal bench by President Bill Clinton.
4.6 out of 5
Language | : | English |
File size | : | 2598 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 344 pages |
Rakoff's Notable Cases
Rakoff has presided over a number of high-profile cases involving corporate misconduct. In 2009, he sentenced former Tyco International CEO Dennis Kozlowski to 25 years in prison for looting the company of $600 million. In 2011, he rejected a $285 million settlement between the SEC and Bank of America over the bank's role in the subprime mortgage crisis.
In 2014, Rakoff sentenced former SAC Capital Advisors portfolio manager Mathew Martoma to nine years in prison for insider trading. And in 2016, he oversaw the bankruptcy of Dewey & LeBoeuf, one of the largest law firms in the United States.
Rakoff's Philosophy
Rakoff is a self-described "judicial activist." He believes that judges should not be afraid to use their power to hold corporations accountable for their wrongng.
"Corporations are not people," Rakoff has said. "They are artificial entities that are created by law. And like any other entity that is created by law, they are subject to the law."
Rakoff's philosophy has made him a target of criticism from some conservatives. But he has also been praised by liberals and consumer advocates for his willingness to stand up to corporate power.
Rakoff's Legacy
Jed Rakoff is one of the most respected judges in the United States. He is known for his intelligence, his independence, and his commitment to justice.
Rakoff's legacy will likely be his role in holding corporate America accountable for its misconduct. He has shown that judges are not afraid to take on powerful corporations, even when it is unpopular.
The Maverick Judge Who Brought Corporate America to Justice
Jed Rakoff is a maverick judge who has made a name for himself by taking on powerful corporations. He is a vocal critic of corporate misconduct, and he is not afraid to use his power to hold corporations accountable.
Rakoff's philosophy is that corporations are not above the law. He believes that judges should use their power to protect the public from corporate wrongng.
Rakoff's legacy will likely be his role in holding corporate America accountable for its misconduct. He has shown that judges are not afraid to take on powerful corporations, even when it is unpopular.
If you are interested in learning more about Jed Rakoff, I highly recommend reading his book, "Why Lawsuits Are Good for America." In this book, Rakoff argues that lawsuits are an essential part of a healthy democracy. He also provides a fascinating insider's account of some of the most important cases he has presided over.
4.6 out of 5
Language | : | English |
File size | : | 2598 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 344 pages |
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4.6 out of 5
Language | : | English |
File size | : | 2598 KB |
Text-to-Speech | : | Enabled |
Screen Reader | : | Supported |
Enhanced typesetting | : | Enabled |
Word Wise | : | Enabled |
Print length | : | 344 pages |