E-discovery is firmly in the spotlight following the arrest of two former Bear Stearns fund managers yesterday for alleged securities fraud.
The two former execs, Ralph Cioffi and Matthew Tannin, were taken into custody for their alleged roles in the collapse of two hedge funds which triggered the sub-prime mortgage crisis. Media reports suggest that an email allegedly sent by Cioffi to Tannin may be the smoking gun in the case, underlining the growing importance of e-discovery.
It is not just the sub-prime crisis. The last eight years have been a season of abuse of power both in the public and private sector. Major advances of technology will be financed by the coming investigations.
Archiving and the Limitations of E-Discovery