Bonuses, Dreier, Morning Docket, SCOTUS, Supreme Court

Morning Docket 3.23.09

vulture.jpg* The vultures are circling around Dreier LLP’s Park Avenue office–an auctioneer’s website reads “everything must be sold,” but Dreier’s indictment last week says he must forfeit the firm’s assets–the prosecutors and bankruptcy trustee will have to fight it out. [The National Law Journal]

* “U.K. regulatory lawyers advising clients on the financial crisis and scandals bill as much $1,440 an hour.” “It’s our time in the sun,” says regulatory lawyer Darren Fox–alright Fox, wipe that smug look off your face–just because former M&A lawyers in the states can’t even get volunteer jobs–doesn’t make it OK to gloat. []

* The Connecticut Attorney General got aggressive about AIG bonuses over the weekend. The outrage continues with new information that AIG payed out $218 million in bonuses, more than the $165 originally reported.[The Los Angeles Times]

* Enron executive Scott Yeager will be the first to bring his case before the U.S. Supreme Court. [The Houston Chronicle]

* SCOTUS will review “Hillary: The Movie,” and decide whether the scathing documentary should have been regulated as a campaign ad. [The Associated Press]

* A specialist on law firm finances says New York firms need to follow each others lead and re-shape associate pay–replacing “lockstep” with merit pay. [The]

* An interesting case for the judge’s probable ruling to uphold Proposition 8 from a progressive gay marriage supporter. [The Washington Post]

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