Bankruptcy
-
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dreier, Facebook, John Edwards, Morning Docket, Sex, Sex Scandals, Trials
Morning Docket: 05.23.12
* When Dewey need to hire our own lawyers? Now would be good. As D&L leaders mull bankruptcy options, more than 50 former partners are expected to hire Mark Zauderer to defend them against potential clawback claims. [New York Law Journal]
* Day three of jury deliberations in the John Edwards campaign finance trial came and went without a verdict. The former presidential candidate must be wishing that he hadn’t came and went, because then there wouldn’t be a trial at all. [ABC News]
* Yet another law firm is walking away scot-free from the Dreier drama without losing a single dime. Ruskin Moscou Faltischek was able to get Fortress Investment Group’s case tossed on appeal. [Thomson Reuters News & Insight]
* A Facebook investor has sued NASDAQ, claiming that the stock exchange bungled the social networking site’s IPO. With FB’s stock price dropping as we speak, he’s seeking class-action status. Like. [Bloomberg]
* Nafissatou Diallo amended her civil suit against Dominique Strauss-Kahn to include a claim alleging his “animus towards women.” Really, she just wants to introduce evidence of DSK’s sordid sexual past. [Reuters]
-
Bankruptcy, Biglaw, Contests, Dewey & LeBoeuf, Dissolution, Pictures, Reader Polls
Dewey Have A Meme Contest For You: The Finalists
Which Dewey & LeBoeuf meme is the best? Review the finalists and cast your vote.... - Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so… -
Art, Bankruptcy, Biglaw, Fashion, Fashion Is Fun, Gloria Allred, John Edwards, Money, Morning Docket, Sex, Sex Scandals, Student Loans, Trademarks, Trials
Morning Docket: 05.22.12
* Yesterday marked day two of jury deliberations without a verdict in the John Edwards campaign-finance violations trial. The former presidential candidate says he’s “doing OK,” but you know he’s secretly pissing his pants over going to prison. [ABC News]
* Martin Weisberg, a former Baker & McKenzie partner, pleaded guilty to money laundering and conspiracy to commit securities fraud. He faces up to 15 years for both crimes. Like he wasn’t earning enough as a Biglaw partner. [New York Law Journal]
* A judge told two fashion houses to leave it on the runway, and not in the courtroom, but that’s not going to stop Gucci from collecting its due. Guess owes the company $4.66M for trademark infringement. [Bloomberg]
* If you’re wondering what you’re going to have to do to get your student loans discharged in bankruptcy, it’s really quite simple. Get diagnosed with an autism spectrum disorder, and you’ll be set. [National Law Journal]
* What’s the difference between looted art and art looted by the Nazis? The Hitler part. Proposed art legislation will ban all museum recovery claims, except those of families affected by the Holocaust. [New York Times]
* “”I can’t believe f**king Allred called you!” In a total attention whore battle royale, Okorie Okorocha has sued Gloria Allred for allegedly stealing both of his clients in the John Travolta gay sex scandal. [CNN]
-
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, JPMorgan Chase, King & Spalding, Kramer Levin, Lateral Moves, LeBoeuf Lamb, Money, Partner Issues, Partner Profits
Dewey Partners Get Any Capital Back? Good Luck With That!(Plus more partner moves, including Ralph Ferrara.)
What will happen to the capital contributions of former Dewey partners? And on that subject, who are the latest defectors, and where are they going? -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, LeBoeuf Lamb, Money, Partner Issues
Dewey Have Plans To File for Bankruptcy? Sources Say Yes
Dewey have plans to file for bankruptcy? Apparently so, sources say. -
Bankruptcy, Biglaw, Contests, Dewey & LeBoeuf, Dissolution, Dorsey & Whitney, LeBoeuf Lamb, Pictures
Dewey Have A Meme Contest For You!
Do you have an idea for a Dewey-related meme? If so, please enter our contest. -
Bankruptcy, Biglaw, California, Crime, Dewey & LeBoeuf, Dorsey & Whitney, Immigration, John Edwards, Law Schools, Layoffs, Money, Morning Docket, Religion, Staff Layoffs, Trials, Utah
Morning Docket: 05.17.12
* What information Dewey know about the ongoing criminal investigation that’s being conducted by the Manhattan District Attorney’s office? From the sound of it, ex-chairman Steven Davis’s LeBoeuf may be cooked. [Am Law Daily (reg. req.)]
* Dewey know when to admit defeat? A spokesman for the failing firm has insisted that it’s “not formally closed.” Great, because that’ll certainly make it easier to prepare for the involuntary bankruptcy filing that’s in the works. [Reuters]
* Meanwhile, D&L amended its WARN notice with the New York State Department of Labor to raise its total employee count by 100, for a grand total of 533 — 433 of whom have been laid off thus far. [Bloomberg]
* “The defense wasn’t sexy, but the defense doesn’t want sexy. It wants an acquittal.” John Edwards’s legal team rested its case yesterday without calling any of the major players involved to testify. [Associated Press]
* Show me your papers: the California Supreme Court will be deciding whether a law license should be granted to an illegal immigrant who’s already been certified by the State Bar of California. [Los Angeles Times]
* Thank you, Jesus! Utah’s S.J. Quinney College of Law now has an additional $4M in its collection plate to put toward a new building thanks to the Church of Jesus Christ of Latter-day Saints. [National Law Journal]
-
Arnold & Porter, Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, ERISA, Lateral Moves, Musical Chairs, Partner Issues
L'Affaire LeBoeuf: The Latest Links and News
Dewey & LeBoeuf is preparing itself for the afterlife: it's shedding overseas offices, sending partners packing, and finding new takers for its real estate (and its pension obligations). - Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
9th Circuit, Admin, Announcements, Bankruptcy, Diarmuid O'Scannlain, SCOTUS, Supreme Court, Tax Law
Bankrupt Farmers, Tax Law, and Bar Admissions Ceremonies
Bankrupt farmers, tricky tax laws, and bar admission ceremonies are just some of the things you'll encounter at the Supreme Court... -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Lateral Moves, Layoffs, Money, Musical Chairs, Severance, Staff Layoffs
Dewey Have the Ability To Keep Paying Severance? Apparently Not
Dewey & LeBoeuf has cut off severance payments to previously laid-off employees. How are they reacting to the news? -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Gay, Lateral Moves, LeBoeuf Lamb, Musical Chairs, Partner Issues, Partner Profits, Willkie Farr
Boy, Dewey Have A Reading List For You!
Dewey have news for you: who's to blame for the firm's downfall, more partner departures, and revelations about ex-chairman Steve Davis's personal life.... -
Bankruptcy, Biglaw, Dewey & LeBoeuf, John Edwards, Law Schools, Legal Ethics, Morning Docket, Partner Issues, Secretaries / Administrative Assistants, Staff Layoffs, Trials
Morning Docket: 05.14.12
* Dewey need to declare bankruptcy yet? While the delusional firm has “no plans to file bankruptcy,” partner defectors and retirees are being advised to contact personal bankruptcy lawyers ASAP. [New York Times]
* When Dewey become a part of the great unwashed? When you’re being sued for $300K in unpaid janitors’ bills. But that claim’s going to be nickel and dimed, just like the firm’s partner guarantees. [Businessweek]
* Maybe Greenberg Traurig ditched its merger talks with D&L because they had problems of their own. The firm apparently laid off staff to achieve a 4-to-1 attorney-secretary ratio. [Daily Business Review (sub. req.)]
* The judge presiding over the John Edwards campaign finance trial denied a motion to dismiss the charges against the former presidential candidate. Like all the rest of us, Judge Eagles probably just wants to see if he and his baby mama, Rielle Hunter, will take the stand. [MSNBC]
* In the wake of the Elizabeth Warren controversy, many have wondered what goes into law school hiring decisions. Generally, they look for good teachers, but being 1/32 Native American certainly helps. [ABC News]
* Try to bring up ethics charges on the Wisconsin justice who allegedly choked a bitch in chambers, and you might find your career as Chairman of the state’s Judicial Commission in a stranglehold. [Telegraph Herald]
-
Bankruptcy, Biglaw, Citigroup, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, JPMorgan Chase, LeBoeuf Lamb, Money, Partner Issues, Partner Profits, Peter Lattman, Securities Law, Wall Street
Dewey Violate Rule 10b-5? A Detailed Look at the Firm's 2010 Offering Memorandum
Was the offering memo for Dewey & LeBoeuf's 2010 private placement materially misleading? And what does the document reveal about the firm's finances?
Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
This AI-Powered Document Tool Will Meet You Where You Are
How Generative AI Will Improve Legal Service Delivery
Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
-
Bankruptcy, Biglaw, Bloomberg, Bracewell & Giuliani, Dewey & LeBoeuf, Dissolution, Lateral Moves, Media and Journalism, Partner Issues, Partner Profits, Securities Law, Videos, YouTube
Dewey Have Anyone Left To Turn Out the Lights?(Plus an actual lawsuit, a possible lawsuit, and a partner's theory of blame.)
What is one prominent Dewey partner's theory for what caused the firm's collapse? -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, ERISA, Federal Government, LeBoeuf Lamb, Old People, Partner Issues
Dewey Have Underfunded Pension Plans? Feds Say Yes, Stepping In To Pay the Shortfall
Dewey have enough money to pay its pension liabilities? Apparently not.... -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dewey Ballantine, Dissolution, Law Firm Mergers, LeBoeuf Lamb, Money, Partner Issues, Reader Polls
Gone Dewey Gone: ATL Readers Dish the Blame
Who is at fault for the Dewey debacle? Above the Law readers speak out. -
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Health Care / Medicine, Labor / Employment, Layoffs, Partner Issues, Perks / Fringe Benefits, Unemployment
Dewey Have Any WARN Act Liability? Let's Discuss
What is the WARN Act all about? How does a company violate it? What are the remedies for violation? -
Bankruptcy, Biglaw, Copyright, Dewey & LeBoeuf, Football, Gay Marriage, Law Professors, Law Schools, LLMs, Morning Docket, Music, Politics, Thelen Reid Brown Raysman & Steiner
Morning Docket: 05.09.12
* Dewey get the chance to reap revenge against all of the partners who defected? Only in bankruptcy clawback suits. Many are keeping an eye on the Coudert and Thelen Chapter 11 cases to see if they’ll have to pay up. [Thomson Reuters News & Insight]
* “People have bigger concerns on their mind than whether Elizabeth Warren is 1/32 Cherokee.” Well, Scott Brown isn’t most people. He wants all of her job records from her career as a law professor. [Washington Wire / Wall Street Journal]
* “We are not anti-gay, we are pro-marriage.” I don’t think “pro-marriage” means what you think it means. Last night, North Carolina voters passed a constitutional amendment banning same-sex marriage in the state. [CNN]
* Mike McQueary is filing a whistleblower lawsuit against Penn State. Hate to say it, but that’s definitely not the first time Penn State’s seen a lawsuit over something being blown in the locker room. [Centre Daily Times]
* Washington University in St. Louis Law is launching an online LL.M. program for foreign lawyers for the low, low price of $48K. The exchange rate surely can’t be good enough for that to be worth it. [New York Times]
* Joran van der Sloot will likely be extradited to the United States from Peru this summer. His lawyer, Maximo Altez, isn’t a fan, because he thinks that we’ll charge his client with murder. America, f**k yeah! [ABC News]
* Oh, of course a member of the Village People’s claim just had to be the test case for 35-year copyright transfer termination. Well, kudos to you, Mr. Motorcycle Cop. You’re a real “Macho Man.” [Bloomberg]
-
Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Labor / Employment, Layoffs, Litigators
Dewey Know When LeBoeuf Is Cooked? When Associates Are Laid Off En Masse
Many of the associates who are still at Dewey & LeBoeuf received bad news today. -
Akin Gump, Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Lateral Moves, Layoffs, LeBoeuf Lamb, Media and Journalism, Music, Musical Chairs, Partner Issues, Silicon Valley, Staff Layoffs
Dewey Have Any Partners Left To Be Poached? Not Many After the Latest Departures
Dewey & LeBoeuf continues to hemorrhage talent, all around the world. Who is going where?