Securities and Exchange admission

It may not be classy, but sometimes the temptation to crow a little when you’re proved right is simply too strong. Astute readers may recall a story earlier this year about former Securities and Exchange Commission (SEC) director Alan Beller returning to his old stomping ground of Cleary Gottlieb Steen & Hamilton.

Okay, it’s an interesting enough move, but hardly earthshattering. Or so we at The Lawyer thought. Amazingly it led to an extraordinarily heated exchange between The Lawyer, Cleary and in particular Bob Chlopak, the PR acting on behalf of the SEC.

Despite all evidence to the contrary, Chlopak maintained that Beller was not returning to his old firm as far as he or Cleary knew, and insisted that the story must be pulled and a correction, online and in the paper, was demanded.

And then, what do you know? Last week a press release popped up trumpeting Cleary’s latest hire. One Alan Beller. It’s a marvellous coincidence which we just had to share with you.

The SEC declined to comment. Go figure.