Antitrust

* Opponents of New York’s gay marriage law are suing because the Senate kept negotiations in the closet. AG Eric Schneiderman has moved to dismiss the suit, citing a lack of fabulosity. [Wall Street Journal]

* Seven states have joined the Department of Justice in asking to be crossed off the guest list for AT&T’s marriage to T-Mobile. Why? They know there’s no reception to follow. [International Business Times]

* Apparently the law is old-fashioned and doesn’t like it when women are on top, but any way you slice it, we’re still getting screwed. [Washington Post]

* DSK has admitted that his May rendezvous with a Sofitel slampiece was a “moral error.” Really? Come on, bro, we all know that you think your greatest error was getting caught. [Reuters]

* Matthew Couloute Jr., the lawyer suing his exes over their alleged online comments, tells his side of the story, saying of Stacey Blitsch: “Oh, that’s a mistake.” Ohhh, burrrn. [New York Post]

* Max Wildman, co-founder of Wildman Harrold Allen & Dixon, RIP. [Crain's Chicago Business]

* In November, the Supreme Court will decide whether our Fourth Amendment rights come subject to advances in technology. I, for one, welcome our new Orwellian overlords. [New York Times]

* What do you get when two wireless carriers with craptastic coverage and service that goes down more than a porn star have plans to merge? Who knows, but AT&T says it’s a good thing. [Bloomberg]

* Class actions are pretty pricey, so it would be great if Groupon offered its employees a special on overtime pay. That daily deal would reach the required minimum. [Crain's Chicago Business]

* Would that Stephen McDaniel had once posted online about where he would hide a “hypothetical” body. The search for the remains of Lauren Giddings continues this week. [Macon Telegraph]

* Stephen Zack, immediate past president of the ABA, is donating $800K to his alma mater to promote diversity. Promoting employment is apparently still on the back burner. [Miami Herald]

* Do fat people have rights under the ADA? White Castle, if your customers are too large to fit into your booths, the solution isn’t to send them coupons for more fast food. [New York Post]

Beata Boman: See what I mean?

* Sprint hopped in bed with Skadden to sue AT&T over its proposed merger with T-Mobile. Somewhere in America, the Verizon guy is cackling with glee. “Can you hear me now, b*tches?” [Bloomberg]

* “I would love to dominate and humiliate and degrade you, privately of course.” Remember this guy? Six of the nine charges against attorney Robert Hoffman have been dismissed. [ABA Journal]

* Another sport, another months-long lockout. NBA owners and players better make a deal soon, or else this year’s basketball season is going to get benched. [New York Daily News]

* Utah wants to throw out the Sister Wives bigamy suit because no one really cares about polygamy except television viewers. Lawsuits are great for Nielsen ratings, though. [Deseret News]

* Ah, the strange anatomy of a privacy lawsuit settlement. Next time you decide to take naked pictures, make sure your laptop didn’t fall off the back of a truck before saving them. [ABC News]

* Socialite Beata Boman got a great deal on her larceny charges. She stole a scarf, but she probably should’ve stole a blazer that fit her massive boobs, instead. [New York Post]

Judge Peggy Ableman

Ed. note: Due to the Labor Day holiday, we’ll be on a reduced publication schedule today. We’ll be back to normal tomorrow. A restful and happy Labor Day to all!

* More about the Delaware benchslap that we covered last week (including the news that Judge Peggy Ableman’s pajama party did not go forward as proposed). [Delaware News-Journal]

* The federal government is suing 17 banks for almost $200 billion, blaming the banks for mortgage-backed securities that went bad. [Bloomberg]

* An interesting dissection of the legal fees that Dewey & LeBoeuf is running up as counsel on the Los Angeles Dodgers bankruptcy. [New York Times]

Roger Clemens

* Roger Clemens will face a second trial next year. Lester Munson, the esteemed legal analyst, explains why. [ESPN]

* “From One Bankrupt Firm to Another: Brobeck Asks Heller For $471,000.” [Am Law Daily]

* AT&T faces a tricky balancing act in dealing with the Justice Department’s challenge of the T-Mobile deal. [New York Times]

* If you’re confused about the current role of lawyer-turned-entrepreneur Michael Arrington over at AOL, in the wake of AOL’s acquiring his TechCrunch site, you’re not alone. [Digits / Wall Street Journal]

Joran van der Sloot

* Bob Morse announces that new jobs data may be used to change the methodology for calculating law school employment rates. Because Bob Morse has to do the ABA’s job for them. HIYOOOO! [U.S. News & World Report]

* And speaking of employment (or lack thereof), it looks like UDel and SUNY Stony Brook have given up their plans to build new law schools. Did they smarten up and start worrying about jobs like we do? [Washington Post]

* Joran van der Sloot: rolling his eyes at murder charges since 2005. More than a year after his arrest, he’s been charged with the murder of Stephany Flores. [CNN]

* Representing a private company, Cadwalader’s antitrust case against Google got tossed. Even Biglawyers can fail to meet their burdens of proof. [CNET]

* ‘Cause tonight we’re robo-signing like it’s 1999? Mortgage paperwork screw-ups aren’t as new as you think – they’ve been around since flannel was still cool. [Associated Press]

* Remember that Oscar de la Hoya lawsuit? The settlement allegedly included $20M in exchange for getting his heels and fishnets back. You can’t keep a good crossdresser down. [New York Post]

Paul Bergrin

* Paul Bergrin wants to represent himself in his racketeering case. They say that a man who represents himself has a fool for a client, but that’s not the case when you’re considered the Baddest Lawyer in the History of Jersey. [Philadelphia Inquirer]

* Hordes of Biglaw lawyers couldn’t stop the DOJ from trying to block the AT&T/T-Mobile merger. New antitrust issues abound, like “higher prices, fewer choices and lower quality products.” They already have a monopoly on crappy coverage. [Am Law Daily]

* The truth? You can’t handle the truth! That, or you don’t really care about it when it comes to Barry Bonds. The big-headed baseball MVP will not face a retrial on his perjury charges. [CNN]

* Sasan Ansari, a convicted killer in Canada, will return to the University of British Columbia to complete law school. Good luck with your character and fitness evaluation, eh? [Vancouver Sun]

Jessica Beagley

* Jessica Beagley managed to avoid jail time at sentencing. Come on, judge, you could’ve at least given her a taste of her own medicine: hot sauce and a cold shower. [WSJ Law Blog]

* BitTorrent porn? On my grandma’s computer? It’s more likely than you think. After this California granny scolded Steele Hansmeier, the lawsuit against her was dropped. She mailed the firm a Werther’s Original in thanks. [Huffington Post]

* Nudity first, names later. I like this sheriff deputy’s alleged style. A girl in Utah is suing over a roadside traffic rendezvous that she says turned into an illegal strip search. [Standard-Examiner]

A few weeks ago, I wrote about an attorney who faced some humiliating — and completely false — allegations. Doesn’t get much worse, I thought.

Wrong. This week we have another intersection of technology and false accusation. But this time, the attorneys appear to be the bad guys.

A recent Canadian court ruling sheds a pretty messed up light on a major technology company and its attorneys, who reportedly conspired to have a former employee — who happened to be suing the company — arrested in the middle of a deposition, on what a judge later found to be bogus charges. Then the company let the man, a British citizen, languish in extradition limbo for nine months, until a judge finally benchslapped the devious corporate lawyers.

Let’s find out more about this super-friendly corporation’s unorthodox litigation strategy….

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Katherine Forrest: You'd smile too if you were this rich.

I recently wrote about Katherine B. Forrest, the celebrated litigatrix nominated to a federal judgeship on the breathtakingly prestigious Southern District of New York. Forrest currently serves as a deputy assistant attorney general in the Department of Justice’s antitrust division, but before joining the DOJ she was a longtime partner at Cravath, Swaine & Moore — a premier, if not the premier, American law firm. Forrest was one of CSM’s most popular (and most powerful) young partners.

Katherine Forrest has a reputation as an incredible attorney, and she has the awards to prove it (see question 8). Not surprisingly, the ABA deemed her “unanimously well-qualified” as an S.D.N.Y. nominee.

So here’s what I wondered: Why did the amazingly accomplished Forrest, a partner at super-lucrative Cravath for over a dozen years, declare a mere $4.3 million on her net worth statement? Granted, $4.3 million is nothing to scoff at; KBF is rich (even by Elie’s standards). But it seemed to me that a lawyer of her distinction, who was a partner at a top firm for such a long time, should be even richer.

Thanks to information from helpful readers who saw my earlier post, I now know the truth. As it turns out, Katherine Forrest is considerably wealthier than that $4.3 million number suggests.

Way richer, in fact. Let’s find out….

double red triangle arrows Continue reading “Ex-Cravath Partner Nominated to S.D.N.Y. Is Pretty Stinking Rich”

Did you take a BAR/BRI bar exam review course sometime in the past five years? Or are you taking BAR/BRI now, having paid for it prior to March 21? If so, keep reading.

As we recently mentioned, the deadline for joining or objecting to the proposed class action settlement in Stetson v. West Publishing Corp. is fast approaching (May 30). The lawsuit, alleging antitrust violations, was filed against West Publishing, which owns (but is selling) BAR/BRI, and Kaplan, the test prep company owned by the Washington Post. The class is defined as “[a]ll persons and entities who paid for a BAR/BRI full-service bar-review course from August 1, 2006, through and including March 21, 2011.”

Are you a class member? Let’s review your options….

UPDATE (5:30 PM): Please note the updates added to the end of this post.

double red triangle arrows Continue reading “Signing Up For, Or Objecting To, The BAR/BRI Class Action Settlement”

Katherine Forrest: Why isn't her net worth higher?

As I’ve previously mentioned, one of my favorite parts of the judicial nomination process is the attendant financial voyeurism. Judicial nominees are required to make detailed disclosures about their finances, allowing us to learn about their income and net worth. For example, thanks to her nomination to the Supreme Court last year, we got to learn about Elena Kagan’s net worth.

Last week, the Senate Judiciary Committee released financial disclosure reports for several of President Obama’s recent judicial nominees — including antitrust litigatrix Katherine B. Forrest. Forrest has been nominated to the mind-blowingly prestigious Southern District of New York, perhaps the nation’s finest federal trial court. As a highly regarded lawyer who has won numerous awards and accolades (listed in her SJC questionnaire), Forrest will fit right in if confirmed to the S.D.N.Y. — a superstar among superstars.

The fabulous Forrest currently serves as a deputy assistant attorney general in the Department of Justice’s antitrust division. She joined the DOJ last October — a commendable public-service commitment that required her to relinquish her partnership in one of America’s mightiest and most prestigious law firms, Cravath, Swaine & Moore. When she left to pursue government service, Forrest had been a Cravath partner for over 12 years (since 1998), and had been with the firm for about 20 years in all (since 1990).

At the time of her departure for the Justice Department, Katherine Forrest had been taking home hefty paychecks for decades. First she was an associate at Cravath, which pays its people quite well, in case you hadn’t heard. Then she was a partner at the firm (reportedly one of the most well-liked and most powerful younger partners) — from 1998 to 2010, a period in which average profits per partner at CSM routinely topped $2 million and occasionally exceeded $3 million. And remember that Cravath is a lockstep partnership with a reported 3:1 spread, meaning that the highest-paid partners make no more than three times as much as the lowest-paid partners. So it’s not possible that she was earning, say, $400,000, while other partners were earning millions (which can be the case at firms with higher spreads).

In light of the foregoing, what is Katherine Forrest’s net worth, according to her Senate Judiciary Committee financial disclosures? Not as much as you might expect….

double red triangle arrows Continue reading “Ex-Cravath Partner Turned Judicial Nominee Has Underwhelming Net Worth”

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