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N.Y. Life Insurance Deputy GC Resigns due to Lack of Law License
New York Law Journal via Yahoo News ^ | 2/22/06 | Anthony Lin

Posted on 02/25/2006 8:40:39 PM PST by chet_in_ny

A senior in-house lawyer at the New York Life Insurance Co. has resigned after the company discovered in recent weeks that he had never been licensed to practice law.

Michael A. Watson, 44, first joined the insurance giant in 1996 and had been promoted last July to first vice president and deputy general counsel. One of five deputies, he was responsible for the unit of the company's legal department focused on investments, mergers and acquisitions and financial transactions.

In a statement issued Tuesday, New York Life spokesman William Werfelman said Watson had resigned immediately after admitting he was not licensed. He declined to describe how the company discovered Watson's status.

"He is no longer with the company. All current New York Life Insurance Company attorneys are properly licensed," Werfelman said in the statement. "This individual worked for two large law firms in New York City prior to joining our company and at this time it is difficult to know why this wasn't picked up. He never appeared before any tribunal in his capacity as counsel for our company."

Watson did not return a call to his home Tuesday.

The largest mutual life insurance company in the United States, New York Life has a 47-lawyer general counsel's office headed by Thomas English, to whom Watson reported. English in turn reported to Sheila Davidson, the company's executive vice president for law and corporate administration. The company had $160 billion in assets in 2004.

(Excerpt) Read more at biz.yahoo.com ...


TOPICS: Government; Miscellaneous; US: New York
KEYWORDS: fraud; newyork; woolovertheeyes
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From an attorney's point of view- "Amazing". If this guy had any sort of decision making power, the shockwaves from this incident will probably be enormous for this company. Claimants and plaintiffs can challenge every policy ever issued indirectly by NY Life through this fraud...
1 posted on 02/25/2006 8:40:45 PM PST by chet_in_ny
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To: chet_in_ny
Real lawyers are going to be making money off this for years to come.

L

2 posted on 02/25/2006 8:41:49 PM PST by Lurker (In God I trust. Everybody else shows me their hands.)
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To: chet_in_ny

Call me crazy...but before you hire any licensed professional...shouldn't you check their license???


3 posted on 02/25/2006 8:41:56 PM PST by Hildy (The only difference between a rut and a grave is the depth)
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To: chet_in_ny

Their compliance department will be pretty busy rechecking, uh, pretty much every paper document produced by the company since he was hired. LMAO!


4 posted on 02/25/2006 8:42:04 PM PST by BubbaTheRocketScientist
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To: Hildy

EEO program?


5 posted on 02/25/2006 8:43:27 PM PST by ncountylee (Dead terrorists smell like victory)
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To: chet_in_ny
He was obviously smart enough to do a good job without fancy degree. Having a degree from a slick law school is no estimate of your true talent.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

6 posted on 02/25/2006 8:44:02 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: chet_in_ny

But he was really just a department manager. At some point in the chain, lawyers have to report to non-lawyers, don't they?


7 posted on 02/25/2006 8:44:18 PM PST by proxy_user
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To: goldstategop

His whole career was a fraud- people and entities relied on his professional knowledge (or at least their errors and omissions insurance coverage did).


8 posted on 02/25/2006 8:46:34 PM PST by chet_in_ny
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To: Hildy

Hired in 1996. Compliance was a little loose then. If he had a good reference, from somebody else who either hadn't checked, or who he'd just told, "Well, I just passed the bar exam, so I'm off to a better job..."


9 posted on 02/25/2006 8:47:09 PM PST by ER Doc
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To: Lurker

Lawyers don't sue lawyers. There are enough of us peons around to keep them busy forever.


10 posted on 02/25/2006 8:49:06 PM PST by djf
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To: chet_in_ny

Can you clear up whether he ever went to law school? It just says he had no license, so I find the information ambiguous.


11 posted on 02/25/2006 8:53:00 PM PST by sine_nomine (Every baby is a blessing from God, from the moment of conception.)
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To: ncountylee
Another affirmative action success story.
12 posted on 02/25/2006 8:53:33 PM PST by CaptainK
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To: sine_nomine

He went to Columbia Law School back in 1986. He either didn't take the bar or couldn't pass it. Somewhere along the line someone didn't bother to check, they took him at his word.


13 posted on 02/25/2006 8:55:35 PM PST by CaptainK
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To: CaptainK

Funny, but a 3 second search would have revealed all:

http://portal.courts.state.ny.us/pls/portal30/internetdb_dev.menu_internetdb.show


14 posted on 02/25/2006 9:02:58 PM PST by chet_in_ny
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To: djf

You're wrong there. Lawyers sue other lawyers all the time for malpractice (on behalf of a previous client). It's very common, and a cash cow.


15 posted on 02/25/2006 9:03:03 PM PST by Cyclopean Squid (History is a work in progress)
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To: chet_in_ny
From what the article says, back in 1986 this data base didn't exist. Once a lawyer has law firm experience under his/her belt, prospective employers are usually just looking at job references, assuming the bar exam question was explored by the first or second employer.
16 posted on 02/25/2006 9:13:43 PM PST by CaptainK
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To: CaptainK

You're right, and one would think you wouldn't need to check since it is the ultimate slap in the face to the profession to charade as a lawyer... the bar exam and passing it is the one thing that unites all lawyers.

in 1986 you would ask what department the prospective emploee-lawyer was admitted to (NY has four departments or legal jurisdictions) and simply call that department.


17 posted on 02/25/2006 9:17:53 PM PST by chet_in_ny
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To: Hildy

Did this guy's position require that he be licensed to perform his job? I thought bar membership was important as a litigator, but how many court appearances would the guy have needed to make, if any at all?

I seem to remember a certain ex-president who was disbarred for about 5 years and it's not like he stayed home and ran the vacuum.


18 posted on 02/25/2006 9:29:11 PM PST by Sooth2222
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To: goldstategop
He was obviously smart enough to do a good job without fancy degree

It doesn't say he doesn't have a law degree, just not a law license. A degree is forever, a license has to be periodically renewed. A degree is issued by a law school, while a License is issued by each state, and generally requires passing a bar exam, with the exception that some states will allow licensing of people who have taken the exam in other states, but the lawyers still have to get a license in every state they wish to practice in.

That said, it's quite possible that there is nothing illegal here. If it's like engineering, which also requires a license for public practice, then a strictly "in house" lawyer, that never took members of the general public as clients and never presented a case in any court, then it might just be legal. If he'd been the chief counsel, then that would be different. At least it works that way with engineers, only the person signing the drawings for public or governmental consumption need be licensed (in general).

19 posted on 02/25/2006 9:30:03 PM PST by El Gato
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To: Hildy

Guess you and I are both crazy. I had the same thought.


20 posted on 02/25/2006 9:30:47 PM PST by Xenalyte (Make the homeys say HO and the girlies wanna scream!)
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