We are not fans of Crocs here at Above the Law. We stand by this position, even though First Lady Michelle Obama — aka She Who Can Do No Wrong — has been spotted in them.

Apparently we are not alone in our opposition to Crocs. It seems that the people at Porsche — yes, the luxury sports car maker — have sued the footwear folks. In Germany.

Seriously? Yup. The lawsuit was mentioned in the Crocs (CROX) third quarter 10-Q, which is how it came to the attention of our sister site, Going Concern (via Footnoted).

So what is Porsche suing Crocs over? Find out at the links below.

Deadline Watch: Porsche Suing Crocs For ‘Cayman’ Use [Going Concern]
Porsche vs. Crocs… [Footnoted.org]

Earlier: Crocs: Ugly and Dangerous

* Somebody call up the Cornell School of Hotel Administration and get them to teach their people how travelers actually use computers. [Drug and Device Law]

* Police can search your email without telling you. Bring it on coppers, bring it on. [True/Slant]

* If your Biglaw career has stalled, maybe you should become a CPA. [Going Concern]

* An Indiana law school dean is getting pushed out because he is too old. Peyton Manning, welcome to your future. [Law Librarian Blog]

* Is a globally integrated law firm that provides one-stop shopping still a viable business model? I don’t know, Wal-Mart seems to be doing just fine. [Ideoblog]

* I didn’t know water intoxication existed. It doesn’t sound nearly as fun as regular intoxication. [ABA Journal]

* Don’t forget to come down and poke me with sticks meet me in Atlanta on Monday. [Georgia Association for Women Lawyers]

If at first you don’t succeed, try, try again. From our sister site, Going Concern:

[A] judge in Seattle has allowed a revised lawsuit to proceed that lists “Washington Mutual officers and directors, underwriters, and the auditing firm Deloitte & Touche” as defendants.

The revised lawsuit was trimmed down to a “concise” 267 pages from the original 388 that the judge described as “verbose” and “disorganized”.

“Verbose” and “disorganized” would also describe many lawyers we know. On the defense side, though, it’s an all-star cast. From Am Law Litigation Daily:

The lineup for the defendants includes Simpson Thacher & Bartlett attorneys Barry Ostrager and Rob Pfister for former WaMu officers; Ronald Berenstain of Perkins Coie for former WaMu outside directors; Barry Kaplan of Wilson Sonsini Goodrich & Rosati for former WaMu CEO Kerry Killinger; Peter Wald of Latham & Watkins for Deloitte; and Jonathan Dickey of Gibson Dunn & Crutcher for the underwriters.

Read more about this lawsuit, and comment, over at Going Concern.

Lawsuit Against Deloitte Gets New Life [Going Concern]

Is the Public Company Accounting Oversight Board unconstitutional? This admittedly boring-sounding entity has the important task of overseeing accounting firms, who in turn keep an eye on the balance sheets of corporate America, through such mechanisms as Sarbanes-Oxley (SOX) compliance.

The constitutionality of SOX and the PCAOB is at issue in Free Enterprise Fund v. Public Company Accounting Oversight Board, one of the most important cases of the new Supreme Court term. As previously noted, the D.C. Circuit upheld the board’s constitutionality against a separation-of-powers challenge — but over a strong dissent by Article III rock star Brett Kavanaugh, which may have grabbed the justices’ attention.

Read more — and comment (anyone care to predict the result?) — over at Going Concern.

Is the PCAOB Going the Way of the Dodo? [Going Concern]

Earlier: The Sarbanes-Oxley Accounting Board: Not Long For This World?

The Breaking Media family of sites — which until now consisted of Above the Law, Dealbreaker, and Fashionista — continues to grow. Today ATL welcomes a little sibling: Going Concern, a blog for accountants, CFOs, and business finance executives.

Going Concern will be similar to ATL, but aimed at CPAs rather than JDs, or the Big Four as opposed to Big Law. The site will also cover smaller accounting firms and chief financial officers from major companies, offering the heady mix of original news, insider analysis, and edgy entertainment that you’ve come to expect from Breaking Media. Going Concern will try its darnedest to make accounting sexy. (They said it couldn’t be done for the legal space, but Above the Law proved them wrong.)

Please spread the word, especially to your friends who work in the field of accounting. You can check out Going Concern here, and you can learn more by reading the links collected below. If you’re interested in advertising opportunities, on Going Concern or any of our other sites, please email us. Thanks!

Going Concern [official website]
New Finance Blog Aims To ‘Make Accounting Sexy’ [MediaPost]
Breaking Media Launches Going Concern [Mediabistro via Fishbowl NY]
Site launched to follow accounting industry [Talking Biz News]