Attorney General Andrew M. Cuomo fired another shot at Bank of America on Tuesday, asking the bank to allow its lawyers to be questioned.
In a letter to the bank’s outside counsel, Lewis J. Liman of Cleary, Gottlieb, Steen & Hamilton, Mr. Cuomo wrote that “attorney-client privilege is hindering this office’s ability to make fair and fully informed decisions as to what charges, if any, to bring and whether individual Bank of America officers should be charged.”
It’s not often that the worlds of law and fashion intersect. There’s much more overlap between the worlds of law and finance, ably covered by our colleagues at Dealbreaker.
But an investigation by New York Attorney General Andrew Cuomo into the practice known as “astroturfing” offers us this opportunity to give a shout-out to the glamorous world of beauty and fashion. Read more (and comment) over at our sister site, Fashionista. Cuomo’s Beauty Crackdown [Fashionista]
* The Pennsylvania Supreme Court ruled that hundreds of juvenile court cases in Luzerne County, Pennsylvania will soon be overturned. After former judge Mark Ciavarella pleaded guilty to accepting bribes from juvenile prisons in exchange for more convictions, the state hired a “Special Master” to investigate. He is not a Malasian Martial Arts expert or the Commander of a space shuttle. [WNEP news]
* Cuomo is still running around in his superhero cape putting out bonus fires. He has expanded his investigation into credit derivatives to see whether banks like Goldman Sachs received taxpayer funds. Do I smell a presidential run in 2012? [Bloomberg]
* In a stunning act of self parody, Alaska Governor Sarah Palin has picked a Director for the NRA for the state’s new Attorney General. Check out this sweet picture of him sitting on a hummer. [Anchorage Daily News]
* Wisconsin Attorney General J.B. Van Hollen has a different response to executive compensation than Cuomo and Blumenthal. He says “..there is no law in Wisconsin making a contract illegal simply because someone is well compensated.” [The Wall Street Journal]
* United Airlines settled a suit filed by a former pilot, who resigned after repeatedly finding porn in hidden places in her cockpit, including underneath a cap on a safety device called a “stick shaker” (no pun intended). Click to see United’s ridiculous effort to dismiss. [The Seattle Times]
* Attorney General Andrew Cuomo convinced 9 out of the top 10 bonus recipients at AIG to return their bonuses. Who is number 10? [The New York Times]
* It turns out that Madoff has more than $1 billion worth of assets and the french authorities plan to seize his chateau in Cap d’Antibe, France, so maybe his victims can get a time share? No? [The Associated Press]
* A court battle between billionaire Wilbur Ross and hedge fund manager Bruce Rose may be the key to understanding the housing crisis. [Bloomberg]
* A sex-discrimination suit against Wal-Mart reaches the 9th Circuit Court of Appeals today. 200 female employees say women in comparable jobs don’t get paid as much as men. [The Huffington Post]
* Preservationists think a landmark case in Chicago is cause for alarm. [The New York Times]
* AIG turned in the list of bonus recipients to New York’s Attorney General Andrew Cuomo yesterday–let the games begin. Just kidding, I too fear for the safety of heavily compensated AIG executives–there is nothing scarier than an angry progressive. [The Los Angeles Times]
* Dispensers of medical marijuana have room to breathe after Attorney General Eric Holder announced that federal authorities would cease raiding their operations. [The New York Times]
* Attorney General Eric Holder issued guidelines to federal agencies after The White House advised them to release their records to the public. [The Washington Post]
* A 3-judge federal appeals panel is considering whether or not to re-instate Madoff’s bail–springing him from jail until sentencing in June. [Newsday]
* Albert Hu, a Silicon Valley hedge fund manager conned clients by saying he was represented by prominent law firms like Heller Ehrman and Shaw Pittman; he was arrested in Hong Kong, and charged with defrauding millions from investors. [The National Law Journal]
* Another sad tale of an associate whose offer has been put on hold–his employer Latham & Watkins is asking incoming attorney’s to defer their start dates. [The National Law Journal]
* Former Merrill Lynch CEO John Thain testified for 2.5 hours yesterday in New York in Attorney General Andrew Cuomo’s office, but wouldn’t say which employees got some of the $3.6 billion bonus pie before the merger with B of A. How are we supposed to know which men to date when we get laid off? Kidding….[Bloomberg]
* More than 100 clients of a man who pretended to be an immigration lawyer got free advice from Lawyers at the New York City Bar Association. [The New York Times]
* The NYT’s official statement on L’AffaireBerenson. [Starkman & Associates]
* A slew of law school hypotheticals about sex with and between minors, triggered by Carl Stanley McGee, our Lawyer of the Day. [PrawfsBlawg]
* Second runner-up for Lawyer of the Day? And a punitive damages award of $33 million. Ouch. [How Appealing]
* Man saves dog; law student saves man. Congratulations to GW’s Jason Coates, our Law Student of the Day! [GW Hatchet]
* “Derek Jeter has romanced Mariah Carey, squired Jessica Biel, sweet-talked Scarlett Johansson — and now he’s made it to first base with the state taxman.” [TaxProf Blog]
* Wow, this is wild. Has Gary Crossen, a former federal prosecutor and partner at Foley Hoag, read too many John Grisham novels? [WSJ Law Blog]
* Speaking of white-collar criminal defense lawyers, more business may be headed their way, courtesy of Andrew Cuomo. [DealBreaker]
* You’ve got… male? [Reuters]
* Are you a Disgruntled Republican? Join the club — or buy a mug. [Zazzle]
* A shout-out to the Elect on TV tonight. The lawyer protagonist of the new ABC drama, “Eli Stone” — portrayed by Jonny Lee Miller (pictured), an ex-husband of Angelina Jolie — is supposedly a former law clerk to Justice Ruth Bader Ginsburg. [New York Times]
* A novel approach to the legal job hunt: build your own website, then advertise it in the ABA Journal. If Loyola 2L doesn’t have a job lined up already — although rumor has it that he does, which may explain his “retirement” from blogging — here’s something for him to consider. [3L for Hire and ABA Journal, via WSJ Law Blog]
* More proof that New York Attorney General Andrew Cuomo is a wannabe Eliot Spitzer. [DealBreaker]
* Lawyerly lairs: Tunisia. [flickr]
New York’s new Attorney General, Andrew Cuomo, has some big shoes to fill. Governor Eliot Spitzer, during his time as New York AG, was a very busy bee.
It looks like Cuomo has found a juicy scandal to sink his teeth into — one with possible implications for many of the law students among you. From the NYT:
The directors of financial aid at Columbia University, the University of Texas at Austin and the University of Southern California held shares in a student loan company that each of the universities recommends to student borrowers, and in at least two cases profited handsomely.
The personal stake of the three university officials in the company, now known as Student Loan Xpress, is the latest revelation in an expanding investigation by Attorney General Andrew M. Cuomo of New York into the relationships between student loan companies and universities. Student Loan Xpress is one of the “preferred lenders” recommended at all three universities.
Some interesting info from a tipster, after the jump.
Nothing huge today, like yesterday’s news about Harriet Miers’s departure; but a few interesting moves. The two most noteworthy ones involve transitions between the public and private sectors: From politics to private practice:
* Asa Hutchinson has rejoined Venable’s Washington office. Hutchinson — a former Undersecretary of Homeland Security, Republican congressman, and chief of the DEA — left the firm in March 2006, to run (unsuccessfully) for Arkansas governor. From private sector to government:
* New York’s brand-new Attorney General, Andrew Cuomo, snags another former federal prosecutor for his “dream team.” Henry Greenberg is leaving the Albany office of Greenberg Traurig to serve as Cuomo’s counsel.
Law firm news, after the jump.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!