Gardere Represents Former Bank Officer in SEC Dispute

Law360 covered U.S. District Court Judge Lynn Hughes' refusal to grant the Securities and Exchange Commission's request to bar Anthony Nocella and Russell McCann, former officers of the failed bank Franklin Banking Corp., from serving as a director or officer of a public company.  Judge Hughes found that, while Franklin Banking Corp. improperly accounted for mortgage modifications it made in 2007, there was nothing flagrant about the behavior of Mr. Nocella, former chief executive officer, or Mr. McCann, former chief financial officer, that would justify banning them.

Mr. Nocella is represented by Gardere Partners James G. Munisteri, Thomas A. Hagemann, Orin H. Lewis and Marla Thompson Poirot. Mr. McCann is represented by another Houston law firm.

A hearing on the remainder of the case is scheduled for Sept. 17. Subscribers can access the full article here.