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Ex-SEC General Counsel Rejoins Law Firm

May 10, 2011

David Becker,  a former U.S. Securities and Exchange Commission general counsel facing scrutiny over his work on Madoff matters, will rejoin Cleary Gottlieb Steen & Hamilton LLP in the firms Washington, D.C. office as a partner.

Becker, 63, has been scrutinized by Congress and SEC Inspector General David Kotz over why he was allowed to help the regulator work on Madoff matters, given that his mother once had an account with Madoff's firm. Madoff trustee, Irving Picard has sued Becker and his brothers to recover $1.5 million of alleged fictitious profit. Becker has said he had proper SEC clearance.   [Reuters, 5/9/11]]