Also, there's Shamai Leibowitz, a former FBI contract linguist who pleaded guilty to providing classified documents to the host of an Internet blog, who then published information on the blog.
The typical practice in securities class actions, according to lawyers on both sides I have spoken with, is to hire contract attorneys to perform the grunt work of sifting through millions of pages of documents obtained in discovery.
Commissioner Barnier said that "simplification is the first priority", and said he would end the requirement for entrepreneurs to have to produce twenty different documents when bidding for a contract.
Critics including the NYAG in this case say class-action firms spend far too much time reviewing documents, knowing they can submit the hours run up by low-paid contract attorneys at a substantial markup.