In The Media
Squadron Ellenoff achieved national notoriety in late 1980s with the Wedtech scandal in which a firm client, defense contractor the Wedtech Corporation and many of its officers, were indicted for securities fraud, racketeering and influence peddling when it was discovered that the company was not in fact Minority owned as it had consistently claimed in order to qualify for no-bid contracts with the Department of Defense under a Small Business Administration program. Squadron Ellenoff attorneys were called as witnesses and named partner Howard Squadron claimed to have only 'vague' knowledge of the scheme to conceal Wedtech's true (non-minority) owners. Another attorney admitted being aware of the plan in which the Puerto Rican executive would purchase the shares of the company to then default on the payments, leaving control in the hands of non-minority executives, though senior partners at Squadron Ellenoff claimed to have no knowledge of this plan.
The firm is also known to have advised Rupert Murdoch on his many media acquisitions that would form the empire known as News Corp, including the New York Post.
Read more about this topic: Squadron, Ellenoff, Plesent & Sheinfeld
Famous quotes containing the word media:
“One can describe a landscape in many different words and sentences, but one would not normally cut up a picture of a landscape and rearrange it in different patterns in order to describe it in different ways. Because a photograph is not composed of discrete units strung out in a linear row of meaningful pieces, we do not understand it by looking at one element after another in a set sequence. The photograph is understood in one act of seeing; it is perceived in a gestalt.”
—Joshua Meyrowitz, U.S. educator, media critic. “The Blurring of Public and Private Behaviors,” No Sense of Place: The Impact of Electronic Media on Social Behavior, Oxford University Press (1985)