New York (HedgeCo.Net) – A member of the team that obtained admissions of liability as part of an $18 million settlement with hedge fund adviser Philip Falcone and his advisory firm Harbinger Capital Partners has been appointed as deputy chief litigation counsel in the Division of Enforcement by the SEC.
David J Gottesman said, “I am honored to have the chance to serve as deputy chief litigation counsel. I look forward to continue helping the Enforcement Division carry out its mission of protecting investors and the markets.”
This is not the same David Gottesman who is friends with Warren Buffet and a hedge fund billionaire in his own right.
Gottesman has successfully led several jury trials on behalf of the Commission, including a two-week jury trial that concluded with a finding of liability for accounting fraud against former executives of Hayes-Lemmerz, an international auto parts supplier.
He also led one of the SEC’s financial crisis cases against two former executives of Charles Schwab & Co. for misleading statements and omissions in marketing the Schwab YieldPlus Fund. The defendants’ settlements included significant civil money penalties and industry bars or suspensions.
Matthew C. Solomon, chief litigation counsel in the Enforcement Division, added, “David has a keen sense of what works with judges and juries and has distinguished himself as an advocate by winning challenging trials against top defense counsel. His trial acumen, together with his subject matter expertise and strong management experience, will be critical assets to our national litigation program.”
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