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People
April 2003
NTSB’s Hall lands in Arlington
Jim
Hall spent six years sifting through the wreckage
of some of the nation’s worst air disasters during
his tenure as chairman of the National Transportation
Safety Board. Now Hall, who left the board in 2001,
has landed at a law firm known for winning big judgments
in air-crash litigation.
Hall
has joined the Arlington office of New York-based Speiser
Krause law firm. His first job: representing families
of the 21 victims of the Jan. 8 crash of US Airways
Express Flight 5481 in Charlotte, N.C. The plane went
down seconds after taking off; investigators have been
looking at possible malfunction of the plane’s
tail.
As
NTSB chairman, Hall said, he became familiar with the
“high quality of work done by Speiser Krause.”
High dollar, too — the firm has won hundreds of
millions of dollars in air-accident suits in high-profile
cases, such as the 1996 ValuJet crash in the Florida
Everglades.
SEC eyes Capital One CFO
Capital
One CFO David M. Willey is out, resigning last
month after learning the Securities and Exchange Commission
may file civil charges that he traded on inside information.
Last
May Willey sold more than 50,000 shares of Capital One
stock for about $3.1 million; shares were priced at
about $62. Two months later the SEC and Capital One
reached a “memorandum of understanding” regarding
the company’s lending practices and the shares
dropped $30.
At
issue is whether Willey used knowledge of the company’s
talks with banking regulators in deciding to sell. Willey
attorney Richard Movillo hopes to “persuade the
[SEC] staff that any charges against Mr. Willey would
be unwarranted” but is ready to go to court.
Virginia
Business - April 2003
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