Bankruptcy

  • Student-Loans-Cap

    Bankruptcy, Biglaw, Federal Judges, Health Care / Medicine, Howrey LLP, Morning Docket, Screw-Ups, Sheppard Mullin, State Judges, Women's Issues

    Morning Docket: 07.18.12

    * Bankruptcy blues: “No one is getting a free pass.” Howrey going to start clawing back all of that money from our former partners and their new firms? Dewey even want to get started with this failed firm’s D&L defectors? [Am Law Daily (sub. req.)]

    * Way to show that you’ve got some Seoul: Ropes & Gray, Sheppard Mullin, and Clifford Chance were the first Biglaw firms to receive approval from the Korean Ministry of Justice to open the first foreign firm offices in South Korea. [Legal Week]

    * This is supposed to represent an improvement? Pretty disappointing. The percentage of women holding state court judgeships increased by a whopping 0.7 percent over last year’s numbers. [National Law Journal]

    * Throw your birth control pills in the air like confetti, because a judge tossed a lawsuit filed by seven states that tried to block the Affordable Care Act’s mandatory contraception coverage provision. [Lincoln Journal Star]

    * “[S]omewhere along the way the guy forgot to tell the seller that he was working with the buyer.” Duane Morris was sued for negligence and breach of fiduciary duty for more than $192M. [Thomson Reuters News & Insight]

    * Please don’t Google me, bitches. Brandon Hamilton, Louisville Law’s ex-assistant dean for admissions, resigned Monday after overpromising $2.4M in scholarship money to incoming law students. [Courier-Journal]

    * A New Hampshire college is offering free tuition to students in their junior year if they combine their senior year with their first year at the Massachusetts School of Law. The catch? Mass Law is unaccredited. [NHPR]

    6 Comments / / Jul 18, 2012 at 9:10 AM
  • work-life-balance-hand

    Attorney Misconduct, Bankruptcy, Biglaw, Law Schools, Morning Docket, Murder, New York Times, Perverts, Prisons, SCOTUS, State Judges, Student Loans, Supreme Court

    Morning Docket: 07.16.12

    * Speaking on the condition of anonymity, one Supreme Court justice thinks that things will be back to normal at One First Street come the start of the next term, despite his colleagues’ loose lips. [National Law Journal]

    * Hourly billing rates for associate are on the rise nationwide, while partner and counsel billing rates only saw modest bumps. Is Biglaw back in business, or is this just another “retention strategy”? [New York Law Journal]

    * This is a really hard to believe newspaper headline: “Law firm recognizes employees have life outside of work.” Carlton Fields, what kind of gypsy voodoo magic spells are you casting? [South Florida Sun-Sentinel]

    * Another day, another editorial about the “irretrievably broken” state of legal education in our country. But the ABA admins needn’t worry their oblivious little heads, because people will keep applying. [New York Times]

    * And in today’s disturbing law school debtor news, Jason Bohn’s charge was upgraded to first-degree murder after a DA announced via indictment that Bohn allegedly intended to torture his victim. [New York Post]

    * “Quite frankly, these are the actions of a dirty old man.” You can look, but never lick: it’s not really a good thing when a judge uses a sentence like this to describe an attorney’s alleged client relations skills. [CBS News]

    * For it’s one, two, three strikes you’re out at the old ball fraud game. Lenny Dykstra pleaded guilty to bankruptcy fraud among a potpourri of other felony counts, and he’ll now face up to 20 years in prison. [CNN]

    6 Comments / / Jul 16, 2012 at 9:07 AM
  • Dewey LeBoeuf LLP new logo DL

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, ERISA, Money, Partner Issues, Vicious Infighting

    What Dewey Do With Thousands of Boxes of Client Files?
    (And bad news for D&L 401(k) participants.)

    The latest Dewey developments: partner reactions to the proposed settlement plan, how to handle or dispose of thousands of boxes of client files, and pension problems for ex-employees.

    21 Comments / / Jul 13, 2012 at 11:02 AM
  • campaign funds

    Bankruptcy, Barack Obama, Biglaw, Dewey & LeBoeuf, Election 2012, Football, Law Professors, Money, Morning Docket, Music, Partner Issues, White-Collar Crime

    Morning Docket: 07.13.12

    * “I think this is destined to fail.” People are not happy with the proposed settlement plan for former Dewey partners, but who are they kidding? These people don’t exactly like to part with money — not even to hand out bonuses. [Am Law Daily (sub. req.)]

    * Andrew Levander, a partner at Dechert LLP, is representing ex-Barclays chief executive Bob Diamond. Diamond hasn’t been charged with anything, but this white-collar defense lawyer’s apparently been on his side since 2010. [WSJ Law Blog]

    * Money talks: lawyers and law firms are the top donors by industry to presidential campaign funds, with Kirkland & Ellis leading for Romney, and DLA Piper for Obama. [Capital Business Blog / Washington Post]

    * Escándalo! Louis Freeh’s report revealed that PSU’s “seriously deficient” counsel billed a whopping 2.9 hours on an incident involving Jerry Sandusky’s locker room shower with a young boy. [Centre Daily Times]

    * But here’s where the football chatter comes in (not that I know a lot about football): legal experts say Freeh threw an “incomplete” with this report, because it didn’t go far back enough in time. [New York Daily News]

    * Sorry, lady, but you didn’t need to attend a Justin Bieber concert for his music to allegedly cause permanent damage to your ears to the tune of $9M. All you really needed to do was turn on the radio. [Chicago Tribune]

    2 Comments / / Jul 13, 2012 at 9:06 AM
  • Dewey LeBoeuf logo large

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, Vicious Infighting

    Dewey Have a Deal With Former Partners of the Firm?

    Dewey have a chance of settling with ex-partners? Here’s the latest news on the Dewey bankruptcy front.

    28 Comments / / Jul 12, 2012 at 12:20 PM
  • Big Bay Boom

    Abortion, Associate Salaries, Bankruptcy, Biglaw, California, Crime, Dewey & LeBoeuf, Environment / Environmental Law, Facebook, Federal Judges, Money, Morning Docket, New Jersey, Partner Issues, Privacy

    Morning Docket: 07.12.12

    * What kind of a Dewey pun will be used later today when we discuss this global “clawback” deal for former D&L partners? I dunno, but “Dewey know how f**ked we are?” seems rather appropriate at this point. [Wall Street Journal (sub. req.)]

    * Judge Lucy Koh recused herself from a Facebook privacy lawsuit without providing a reason for doing so. Given that a petition to impeach her popped up online, she probably doesn’t want to piss off any other tech companies right now. [Reuters]

    * Mississippi: a state where legislators want to protect women from unscrupulous abortion practitioners their own choices about their bodies. A judge has extended a temporary order to allow the state’s only abortion clinic to remain open. [CNN]

    * Good news, everyone! Median starting salaries for recent law school graduates are no longer in the six-figure range due to an “erosion in Biglaw jobs.” Still think you’re going to make big bucks? [ABA Journal]]

    * A San Diego, California fireworks fiasco that lasted all of 15 seconds yielded not only a bunch of fabulously entertaining YouTube videos, but also great lawsuit fodder for environmental groups. [National Law Journal]

    * Note to unemployed law school graduates in New Jersey: selling black-market kidneys isn’t a half-bad career choice, because if you get caught, you’ll likely only be sentenced to 30 months in prison. [Bloomberg]

    5 Comments / / Jul 12, 2012 at 9:10 AM
  • Approved method for drinking in public.

    Bankruptcy, Benchslaps, Billable Hours, California, Drugs, Morning Docket, Ridiculousness, Sam Sparks, Sexism, Sports, Women's Issues

    Morning Docket: 07.11.12

    * Following yesterday’s hearing, Kleiner Perkins may be able to get a second bite at the proverbial apple after a judge tentatively denied the firm’s bid to arbitrate Ellen Pao’s gender discrimination suit. [The Recorder; Bits / New York Times]

    * Ogletree Deakins has allegedly got 99 299 problems, and a b*tch ain’t one billing errors are all of ‘em. Arizona’s Maricopa County wants a refund, and it plans to debar the firm from additional work for the next three years. [ABA Journal]

    * Not everything’s bigger in Texas: attorneys for Lance Armstrong have refiled a shorter version of his lawsuit against the U.S. Anti-Doping Agency after suffering a brutal benchslap at the hands of Judge Sam Sparks. [Los Angeles Times]

    * Screw your ban on non-lawyer investors, we’ll expand anyway! Jacoby & Meyers merged with Chicago’s Macey Bankruptcy Law to create a 300-attorney adventure in awful lawyer advertising. [National Law Journal]

    * The bell has not yet tolled for Florida lawyer Frank Louderback, who will now be able to attend the 32nd Annual Ernest Hemingway Look-alike Contest thanks to his client’s last minute guilty plea. [Tampa Bay Times]

    * “I don’t care what the law says, you’re getting a summons.” Sorry, officer, but you don’t mess with a Brooklyn Law student’s booze, because he’ll challenge New York’s open-container law. [City Room / New York Times]

    4 Comments / / Jul 11, 2012 at 9:06 AM
  • happy sperm

    Bankruptcy, Benchslaps, Biglaw, Billable Hours, California, Celebrities, Defamation, Dewey & LeBoeuf, Drugs, FDA, Money, Morning Docket, Partner Issues, Pro Se Litigants, Sam Sparks, Sports

    Morning Docket: 07.10.12

    * Dewey know how many professional firms have been allowed to stay on as advisers for the largest law firm bankruptcy in U.S. history? Six out of nine firms were permitted to continue services, but Proskauer wasn’t one of them. [Am Law Daily (sub. req.)]

    * In other defunct firm news, Al Togut will be presenting Dewey & LeBoeuf’s former partners with a proposed settlement on Wednesday. You’ve been warned: prepare yourselves for some Biglaw-style bitching. [Thomson Reuters News & Insight]

    * Despite reports of the billable hour going the way of the dodo bird, it looks like they’re here to stay. Right now, corporate law departments are still much more excited about alternative billing arrangements than law firms. [WSJ Law Blog]

    * Judge Sam Sparks, the King of Benchslaps, dismissed Lance Armstrong’s lawsuit against the USADA in record time. That ruling came too quickly — guess it’s time to investigate judicial doping. [New York Times]

    * Marc Dreier’s son, Spencer Dreier, is representing himself pro se in a defamation suit against his former college roommate. Looks like Daddy couldn’t spring for his kid’s lawyer while he was in the clink. [Bloomberg]

    * A California woman claims that the Food and Drug Administration’s methods regarding sperm donations are unconstitutional. Why should she have to go to an intermediary to get sperminated? [Huffington Post]

    * Do you smell what The Rock is cooking? It’s not exactly something to be proud of. Actor Dwayne Johnson is listed as a “co-conspirator” in a $1.8M fraud lawsuit that’s been filed by a South Florida family. [NBC Miami]

    10 Comments / / Jul 10, 2012 at 9:07 AM
  • footloose

    American Bar Association / ABA, Bankruptcy, Biglaw, Dewey & LeBoeuf, Gay Marriage, Health Care / Medicine, Insurance, Law Schools, Morning Docket, Police, SCOTUS, Supreme Court, Unemployment

    Morning Docket: 07.09.12

    * Vicious infighting, “arm twisting,” and discord at the Supreme Court? It almost sounds like the justices are in a sorority. According to this report, there hasn’t been so much bitterness and tension at the high court in almost 70 years. [CBS News]

    * The Supreme Court might have issued a ruling on the Affordable Care Act, but the battle is far from over. With a repeal vote coming this week in the House, critics are now on the offensive about interpretations of insurance subsidy provisions. [New York Times]

    * Dewey have a bankruptcy filing potpourri for you! With countless objections from the U.S. Trustee and many D&L motions on tap, advisers for the failed firm may be in for a long, bumpy ride at this afternoon’s hearing before Judge Martin Glenn. [Am Law Daily (sub. req.)]

    * Noting that legislators hadn’t violated the New York Open Meetings Law, an appellate court overturned a trial court decision and refused to push the Empire State’s gay marriage law back into the closet. [Bloomberg]

    * Lincoln Memorial’s Duncan School of Law has again been denied ABA accreditation. Seeing as the ABA would likely accredit a shoe, maybe the administration should throw in the towel. [Knoxville News Sentinel]

    * If you’re having trouble getting a job as a scientist, you might want to consider going to law school instead. Many schools have near-perfect employment rates nine months after graduation. /trolling [Washington Post]

    * Footloose in NYC: a middle-aged couple was arrested for dancing on a subway platform, and now they’re suing. We shudder to think what would would have happened if the pair was drinking soda. [New York Post]

    7 Comments / / Jul 9, 2012 at 9:10 AM
  • Dewey LeBoeuf LLP new logo DL

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Money, Partner Issues, S.D.N.Y., Vicious Infighting

    Dewey Have Good Prospects for a Speedy Settlement With Former Partners?

    What are the broad outlines of a possible settlement between the Dewey & LeBoeuf bankruptcy estate and former partners of the firm?

    11 Comments / / Jun 20, 2012 at 3:06 PM
  • Supreme-Court-SCOTUS-photo-by-David-Lat1

    Attorney Misconduct, Bankruptcy, Biglaw, Boalt Hall, Copyright, Dewey & LeBoeuf, Drugs, Health Care / Medicine, Law Schools, Legal Ethics, Midsize Firms / Regional Firms, Morning Docket, Partner Issues, SCOTUS, Senate Judiciary Committee, Sex, Supreme Court, Tax Law

    Morning Docket: 06.20.12

    * It’s not just media groups that are urging the Supreme Court to allow live coverage of the announcement of the ACA decision. Senators Patrick Leahy and Chuck Grassley of the Senate Judiciary Committee have joined the club. [Blog of Legal Times]

    * Dewey know whether this failed firm’s former partners will be settling their claims any time soon? Team Togut hopes to reach a deal in the next six weeks, and claims that cooperation will absolve D&L’s deserters of all future liability. [Am Law Daily (sub. req.)]

    * From Biglaw to the big house: former Sullivan & Cromwell partner John O’Brien, who is serving time for tax evasion charges, has been suspended from practicing law in New York. [Thomson Reuters News & Insight]

    * A Stradling Yocca partner and his wife, a Boalt Hall graduate, stand accused of planting drugs on a school volunteer who supervised their son. Looks like the only thing they’re straddling now is jail time. [OC Register]

    * Dharun Ravi was released early from jail yesterday after completing a little more than half of his 30-day sentence. Funny how bad behavior got him into the slammer, but good behavior got him out of it. [CNN]

    * “Why would somebody so smart do something so stupid?” Kenneth Kratz, the sexting DA from Wisconsin, claims that the answer to that question is an addiction to sex and prescription drugs. [Herald Times Reporter]

    * Jay-Z’s got 99 problems and this bitch is one. He’s been accused by Patrick White of plagiarizing parts of his own best-selling memoir, “Decoded,” and slapped with a copyright infringement suit. [New York Daily News]

    9 Comments / / Jun 20, 2012 at 9:10 AM
  • Dewey LeBoeuf logo large

    Bankruptcy, Biglaw, Billable Hours, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Money, Partner Issues, S.D.N.Y., Vicious Infighting

    Dewey Have Some Pretty Expensive Bankruptcy Advisers? How Much Do They Charge?

    How much are Dewey’s bankruptcy lawyers and other advisers charging? And what else is going on in this epic law firm bankruptcy?

    10 Comments / / Jun 19, 2012 at 6:32 PM
  • Brett McGurk

    American Bar Association / ABA, Bail, Bankruptcy, Biglaw, Dewey & LeBoeuf, Gay Marriage, Law Schools, LSAT, Morning Docket, S.D.N.Y.

    Morning Docket: 06.19.12

    * Dewey know how many professional services firms it takes to wind down a Biglaw firm? According to new D&L bankruptcy filings, there are at least eight of them — including Togut Segal & Segal, a leading law firm that reportedly charges $935 an hour. [WSJ Law Blog]

    * Despite Barack Obama’s pledge of support, Brett McGurk has withdrawn his name from the White House pool of ambassadorial candidates amid much salacious controversy. Apparently this man knows a lost cause when he sees one. [Washington Post]

    * So many DOMA lawsuits, so little time: what’s happening in the six major cases on this statute? The majority are in various stages of appeal, and the world at large is currently awaiting a cert filing to get a final take from the Supreme Court. [Poliglot / Metro Weekly]

    * LSAC will now vet incoming law students’ GPAs and LSAT scores. The ABA won’t do it because they need the insurance policy of someone else to blame in case something happens to go wrong. [National Law Journal]

    * Oh, my sweet little Mittens, you’re making it really hard for moderates like me to consider voting for you in November. Protip: you went to law school, so you should probably stop telling people that you didn’t. [Ology]

    * Stephen McDaniel’s lawyers are expected to ask a judge to reconsider his $850K bond today. If he’s released, it seems like there’s a high probability that he’ll become an ATL commenter. [Macon Telegraph]

    * Remember the legal fight over the Tyrannosaurus bataar? Well, now Preet Bharara, the U.S. Attorney for the S.D.N.Y., is on the case, and he wants to be seized for return to Jurassic Park Mongolia. [New York Observer]

    10 Comments / / Jun 19, 2012 at 9:08 AM
  • Dewey LeBoeuf logo large

    7th Circuit, Bankruptcy, Biglaw, Bloomberg, Dewey & LeBoeuf, Food, Law School Deans, Law Schools, Non-Sequiturs, Tax Law, Videos, YouTube

    Non-Sequiturs: 06.14.12

    * Some law schools are thinking about reducing class sizes, but others are not. Said one dean, “People want to go to our school, and why should we say no?” [The Faculty Lounge]

    * The fun coming out of the Seventh Circuit just doesn’t stop. Do you know what an “interrobang” is? [Volokh Conspiracy]

    * Speaking of the “What What (In the Butt)” opinion, here’s some analysis from Professor Ann Althouse. [Althouse]

    * Yeah, we know, we’re not supposed to give tax advice. So think of this as housing advice: if you earn $1 million or more, avoid living in a blue state. [TaxProf Blog]

    * Free Winona Eggs Benedict! A New York City Council bill seeks to remove “unnecessary obstacles” to getting Sunday brunch. [City Room / New York Times]

    * An Australian journalist’s thoughts on how to reform the Anglo-American legal system. [The Atlantic]

    * Hmm…. should I look into buying the domain name david.lat? [Legal Blog Watch]

    * How Dewey go through $43 million in six weeks? Is this like Brewster’s Millions or something? Discussion in this video….

    4 Comments / / Jun 14, 2012 at 5:41 PM
  • Dewey LeBoeuf logo large

    Bankruptcy, Biglaw, Brobeck Phleger & Harrison, Dewey & LeBoeuf, Dissolution, Howrey LLP, JPMorgan Chase, Kramer Levin, Litigators, Money, Partner Issues, Vicious Infighting

    Dewey Spawn Ugly Litigation? And Battling in Bankruptcy Court? But Of Course!

    Which former Dewey & LeBoeuf partner is now suing ex-leaders of the firm? And what’s the latest news in the firm’s bankruptcy battle?

    20 Comments / / Jun 13, 2012 at 5:48 PM
  • Minimum-Wage-300x225

    Bankruptcy, Basketball, Biglaw, Department of Justice, Dewey & LeBoeuf, Football, Job Searches, Law Schools, Money, Morning Docket, Women's Issues

    Morning Docket: 06.12.12

    * Dewey know how insolvency laws work in Dubai? The failed firm’s partners in the United Arab Emirates have filed for creditor protection in the hopes of receiving end-of-service payments. [The National]

    * “This is your fault.” “Uh, no, this is all your fault.” “I’m going to sue you.” “Not if I sue you first.” Florida and the DOJ got into a good old fashioned slap fight yesterday over the purging of the state’s voter rolls. [Reuters]

    * And now for your morning dose of nasty ass sexual abuse allegations. The testimony in the Jerry Sandusky case will continue today, with more lurid accounts from the former football coach’s accusers. [Bloomberg]

    * Is this what it’s come to in the legal profession? Are people really so desperate for work that they’re willing to apply in droves for a job that pays less than minimum wage? By all accounts, it sure looks like it. [ABA Journal]

    * Tips for parents of law school applicants? Screw that, ours are better: 1) tell your kid to read ATL; 2) smack your kid in the face if he still wants to apply; 3) repeat if necessary. [Law Admissions Lowdown / U.S. News]

    * A female security official for the NBA who happens to be a law school graduate is suing for employment discrimination. And no one cares about women’s basketball any more than they did before. [New York Times]

    2 Comments / / Jun 12, 2012 at 9:05 AM
  • Stephen DiCarmine

    Bankruptcy, Biglaw, Brown Rudnick, Dewey & LeBoeuf, Dissolution, Kasowitz Benson, Lawyerly Lairs, Money, Partner Issues, Real Estate

    Dewey Have Stephen DiCarmine as a Bankruptcy Creditor?
    (Plus pictures of his former office.)

    Can you say ‘chutzpah’? Stephen DiCarmine, the former executive director of Dewey & LeBoeuf who some blame for driving the firm into the ground, wants money out of the failed firm’s bankruptcy estate.

    32 Comments / / Jun 6, 2012 at 1:37 PM
  • QE's Kathleen Sullivan as Lawyer Barbie

    9th Circuit, Bankruptcy, Baseball, Biglaw, Billable Hours, Brown Rudnick, California, Copyright, Dewey & LeBoeuf, Football, Gay Marriage, Health Care / Medicine, Insider Trading, Kasowitz Benson, Kathleen Sullivan, Morning Docket

    Morning Docket: 06.05.12

    * Dewey know the firms that have been tapped to represent the groups that this failed firm owes money to? Yes, we do! Brown Rudnick for the unsecured creditors’ committee, and Kasowitz Benson for the former D&L partners. [Am Law Daily (sub. req.)]

    * The Ninth Circuit is supposed to be issuing an order today regarding an en banc reconsideration request on the Prop 8 case. They really ought to slap a big fat denial on that motherf’er and call it a day so we get some SCOTUS action. [Poliglot / Metro Weekly]

    * Matthew Kluger, most recently of Fried Frank, has been sentenced to 12 years in prison, which is the longest sentence that anyone’s ever received in an insider trading case. Uh yeah, he’ll definitely be appealing. [Wall Street Journal (sub. req.)]

    * Hughes Hubbard & Reed has billed more than $17M in the first four months of its work on MF Global’s unwinding. Will the firm will be handing out spring “special” bonuses like they did last year? [Reuters]

    * Mattel is appealing MGA’s $310M copyright award, claiming that the judgment was based on “erroneous billing invoices.” Don’t you call my billable hours into question, Kathleen Sullivan. [National Law Journal]

    * Jerry Sandusky’s accusers will be named in court thanks to this judge’s ruling. But don’t worry — there’s no tweeting, texting, or emailing allowed in his courtroom. Like that’ll make a difference. [Legal Intelligencer]

    * Trust me, I’m a lawyer: a disbarred Colorado attorney somehow managed to scam a convicted con artist out of more than $1 million. Now that’s some pretty sweet karmic intervention for you. [Missouri Lawyers Media]

    * A bus driver is suing a hospital because he claims that instead of treating his painful erection, the staff watched a baseball game on TV. Whatever, that was a really great Yankees game. [Associated Press]

    2 Comments / / Jun 5, 2012 at 9:03 AM

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