Morning Docket: 10.23.15

* Any day Cadwalader can avoid damages in a huge, multimillion-dollar malpractice case is a great day. Yesterday, the New York Court of Appeals dismissed a never-ending suit filed against the firm by a former client over a failed commercial mortgage-backed securitization. Phew! [Big Law Business / Bloomberg BNA] * Say hello to Northwestern Pritzker Law: In case you missed it, Northwestern Law recently received a $100 million donation, the largest single gift ever made to a law school. For that much money, you're damn right the school has a new name. [Chicago Tribune] * This must've been a huge blow to his ego... U.S. Attorney Preet Bharara had to dismiss insider trading charges against seven defendants thanks to a Second Circuit decision that made it harder to prosecute certain financial crimes. [DealBook / New York Times] * Charleston Law fired back against professors who sued the school by saying in its answer it wouldn't be in such dire straits if they hadn't "sabotaged the transfer of the school to InfiLaw." Take that back, they did a good deed. [Charleston Regional Business Journal] * "Sorry, not sorry, narcs," says Judge Breyer. Earlier this week, a California judge informed the DEA that it needed to stop harshing medical marijuana patients' mellows by shutting down medical pot dispensaries that were operating within state laws. [TIME]

onOctober 23, 2015 at 8:58 AMOctober 23, 2015 at 9:00 AM

* Any day Cadwalader can avoid damages in a huge, multimillion-dollar malpractice case is a great day. Yesterday, the New York Court of Appeals dismissed a never-ending suit filed against the firm by a former client over a failed commercial mortgage-backed securitization. Phew! [Big Law Business / Bloomberg BNA]

* Say hello to Northwestern Pritzker Law: In case you missed it, Northwestern Law recently received a $100 million donation, the largest single gift ever made to a law school. For that much money, you’re damn right the school has a new name. [Chicago Tribune]

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From Pilot and Above The Law

* This must’ve been a huge blow to his ego… U.S. Attorney Preet Bharara had to dismiss insider trading charges against seven defendants thanks to a Second Circuit decision that made it harder to prosecute certain financial crimes. [DealBook / New York Times]

* Charleston Law fired back against professors who sued the school by saying in its answer it wouldn’t be in such dire straits if they hadn’t “sabotaged the transfer of the school to InfiLaw.” Take that back, they did a good deed. [Charleston Regional Business Journal]

* “Sorry, not sorry, narcs,” says Judge Breyer. Earlier this week, a California judge informed the DEA that it needed to stop harshing medical marijuana patients’ mellows by shutting down medical pot dispensaries that were operating within state laws. [TIME]