Bankruptcy

  • hammer-ring

    American Bar Association / ABA, Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Divorce Train Wrecks, Law Schools, Morning Docket, Sentencing Law, Texas, UVA Law

    Morning Docket: 12.20.12

    * “As a lawyer, this is very sad for me.” Al Togut, the prominent attorney pulling all of the strings behind the curtain of the Dewey & LeBoeuf bankruptcy filings, wishes that there was some way that the firm could’ve been saved. [Am Law Daily]

    * Guys at my law school used to break into the registrar’s office to steal transcript paper all the time; it was no big deal. No really, as far as sentencing goes, apparently doing such a thing isn’t that big of a deal in Virginia. [Daily Progress]

    * That’s some nice lipstick you’ve got there, pig: Lincoln Memorial University’s Duncan School of Law is still trying to get ABA accreditation by changing everything it can, including its lax admissions standards. [Knoxville News Sentinel]

    * Even though Peter Madoff’s supporters showered the court with with letters filled with compliments ahead of his sentencing, the Ponzi victims aren’t exactly showing him the same kind of love. [WSJ Law Blog (sub. req.)]

    * This law firm in Texas is trying to make getting divorced a more pleasurable experience, so they invented something called the “Divorce Resort” — because there’s nothing like a four-star train wreck. [Huffington Post]

    2 Comments / / Dec 20, 2012 at 9:05 AM
  • law_school

    Bankruptcy, Department of Justice, John Roberts, Labor / Employment, Law Firm Mergers, Law School Deans, Law Schools, Morning Docket, SCOTUS, Supreme Court

    Morning Docket: 12.04.12

    * “Maybe in the future you could let us know when something as definite as that comes [at the last minute.]” It would appear Chief Justice John Roberts has yet again been angered terribly by a lawyer from the Department of Justice over policy changes. [CNN]

    * G’day, mate! Perhaps Peter Kalis was telling the truth about his firm, because everything really is great at K&L Gates after last night’s announcement. Partners at the Biglaw firm just approved a merger with Australian firm Middletons. [WSJ Law Blog]

    * The commission overseeing the revisions to Chapter 11 of the Bankruptcy Code will focus their energies on labor and benefits. Aww, how nice of them to think of the little people. [Thomson Reuters News & Insight]

    * The suit over job stats against Thomas Jefferson School of Law lives to fight another day. The school was “disappointed,” but probably not as disappointed as the students it allegedly duped. [National Law Journal]

    * And speaking of disappointment, people are still pissed off about Case Western Law Dean Lawrence Mitchell’s defense of going to law school, aka “a full-throated defense of the indefensible.” [New York Times]

    * If you’ve made a mistake on your law school application, fret not, because there’s a way to correct it. (Note: some would say the real mistake was applying in the first place.) [Law Admissions Lowdown / U.S. News]

    * Another day, another lawsuit filed against the much-sued and oft-creepy Dov Charney. This time, an ex-store manager alleges the American Apparel CEO choked him out and tried to rub dirt in his face. [Huffington Post]

    0 Comments / / Dec 4, 2012 at 8:55 AM
  • Casey Anthony is not impressed.

    2nd Circuit, Bankruptcy, Biglaw, California, Cellphones, Dewey & LeBoeuf, Facebook, Federal Judges, Gay Marriage, Gender, Morning Docket, Privacy, SCOTUS, Supreme Court, Technology

    Morning Docket: 11.26.12

    * Will it be DOMA or Prop 8? The countdown until Friday starts now, because everyone’s waiting to see whether the Supreme Court will grant cert on one of the five same-sex marriage cases that has come before the high court. [UPI]

    * Walk like an Egyptian — or, in this case, you can protest like one. Judges and lawyers are on strike and filing legal challenges to President Mohamed Morsi’s “unprecedented attack on judicial independence.” [New York Times]

    * Dewey know when this failed firm’s bankruptcy plan will be approved? Team Togut is hoping for a February resolution, but the rascally retirees may throw a wrench in things with their committee’s continued existence. [Am Law Daily]

    * Even though the Northern District of California has a historic all-women federal bench — a courthouse of their own, if you will — there’s probably no need to tell them that THERE’S NO CRYING IN LITIGATION. No crying! [The Recorder]

    * New technology + old laws = a privacy clusterf**k. This week, a Senate committee will contemplate whether the Electronic Communications Privacy Act needs to be updated to get with the times. [New York Times]

    * The New York State Bar Association may oppose it, but Jacoby & Meyers’s challenge to the state’s ban on non-lawyer firm ownership shall live to see another day thanks to the Second Circuit. [New York Law Journal]

    * An Alabama Slammer is both a dangerous cocktail and a term for what happens when your Southern law school refuses to cut its class size and you’re left woefully unemployed after graduation. [Birmingham News]

    * Casey Anthony finds relevancy again! Girls in my high school used to search for “foolproof suffocation” on Google and later get acquitted of murdering their daughters all the time; it was no big deal. [USA Today]

    * Dean Boland, aka Paul Ceglia’s gazillionth lawyer in the Facebook ownership case, will soon find out if can withdraw as counsel. He’s got other things to deal with, like a $300K child porn judgment. [Wall Street Journal]

    0 Comments / / Nov 26, 2012 at 9:05 AM
  • Admin, Bankruptcy, Clerkships, Federal Judges, Holidays and Seasons, Law Schools, LSAT, Mergers and Acquisitions, Morning Docket, Politics, Privacy, Technology

    Morning Docket: 11.22.12

    * We’ve discussed this trend before, and it continues: administrations of the LSAT plunge further, reaching their lowest level since 1999. [Economix / New York Times]

    * We’ve discussed this trend before, and it continues: judges are still offering unpaid clerkships (even though the days of law firm deferrals are behind us). [Salon]

    * We’ve discussed this trend before, and it continues: law schools sometimes discriminate against conservatives, as jurors from the Teresa Wagner trial told Iowa’s leading newspaper. [Des Moines Register]

    * Are you mooching off of someone else’s wireless internet? If so, consider yourself warned. [WSJ Law Blog]

    * Are you a lover of Twinkies? If so, consider yourself warned (although it’s possible that a buyer might snap up the Twinkies brand). [DealBook / New York Times]

    * Seven Am Law 200 firms are saying YES to work on a billion-dollar deal. [Am Law Daily]

    0 Comments / / Nov 22, 2012 at 9:56 AM
  • elmo

    Bankruptcy, Biglaw, Contracts, Courthouses, Divorce Train Wrecks, Dorsey & Whitney, Fashion, Fashion Is Fun, Gambling, Gambling / Gaming, Hotties, In-House Counsel, Kids, Law Schools, Mergers and Acquisitions, Morning Docket, Musical Chairs, Patents, Sex, Sex Scandals, Sexual Harassment

    Morning Docket: 11.21.12

    * “[L]awyers aren’t trained as accountants,” but Gibson Dunn, Freshfields, Drinker Biddle, and Skadden may have some splainin’ to do when it comes to Hewlett-Packard’s M&A blowout with Autonomy. [WSJ Law Blog]

    * Looks like it’s time for some holiday musical chairs: Dorsey & Whitney’s managing partner Marianne Short will be leaving the firm at year’s end to join UnitedHealth as its chief legal officer. [Twin Cities Business]

    * The court-ordered mediation between Hostess and the bakers’ union broke down last night. If Judge Drain approves the company’s liquidation plan, the Twinkie may disappear from whence it came. [Reuters]

    * Remember the students from Texas Southern who sued because their contracts prof allegedly “curve[d] them out of the class”? Yeah, that got dismissed faster than you can say R2K §90. [National Law Journal]

    * You shall not pass — or use Lord of the Rings characters in online gambling games! J.R.R. Tolkien’s estate is suing Warner Brothers for $80M over improper licensing of the late author’s characters. [Bloomberg]

    * Please don’t tickle me, Elmo. One week after an accuser recanted his allegations against puppeteer Kevin Clash, another one filed suit over an underage sexual relationship. [Media Decoder / New York Times]

    * There’s nothing like some man-on-man sexual harassment to get you going in the morning. Sparks Steak House paid $600K to settle charges lodged by 22 male servers over an eight year period. [Corporate Counsel]

    * Seems like this pulchritudinous plaintiff’s contract case is still kicking, and Emel Dilek testified that sleeping with the boss was “absolutely not” one of her roles during her time at Mercedes-Benz. [New York Post]

    * Lululemon and Calvin Klein have settled their patent spat over elastic waistbands on yoga pants. Here’s hoping the Canadian yoga-wear company turned this lemon of a lawsuit into lemonade. [Businessweek]

    * What do divorcées do in their spare time? They go to Florida’s $350M courthouse to spray paint it with broken hearts and notes for the judge who presided over their proceedings. [Riptide 2.0 / Miami New Times]

    4 Comments / / Nov 21, 2012 at 9:05 AM
  • stack of money

    Affirmative Action, Bankruptcy, Biglaw, Brobeck Phleger & Harrison, Heller Ehrman, Howrey LLP, Law Schools, LSAT, Morning Docket, SCOTUS, Sex, Sex Scandals, Supreme Court, Thelen Reid Brown Raysman & Steiner, Williams & Connolly

    Morning Docket: 11.20.12

    * Who will represent General David Petraeus as he continues to battle the fallout from his scandalous affair with Paula Broadwell? None other than Williams & Connolly partner Robert Barnett, a lawyer for Washington, D.C.’s most elite. [Blog of Legal Times]

    * Just in case you weren’t somehow aware, it costs quite a pretty penny to make bankrupt Biglaw firms go away. For example, more than 40 firms have paid off Brobeck, Coudert, Heller, Howrey, and Thelen with settlements of more than $35.5M. [Am Law Daily]

    * Hostess and the striking Bakers’ Union have agreed to go to mediation to prevent the company’s wind down. Judge Drain should force feed them delicious Ding Dongs to make them see the error of their ways. [Wall Street Journal]

    * “Even without a so-called affirmative-action ban, law schools aren’t doing great in terms of diversity.” That’s probably why admissions officers are so worried about the verdict in Fisher v. Texas. [National Law Journal]

    * For the last time, going to law school isn’t the solution for having no idea what you want to do with your life after college. And you don’t need a JD/MBA, either. [Law Admissions Lowdown / U.S. News & World Report]

    * Sometimes, when people from LSAC deny you extra time on the LSAT, you sit back and deal with it. Other times, you sue their pants off because your dad is a power litigator — and then you settle. [New York Post]

    0 Comments / / Nov 20, 2012 at 9:29 AM
  • I'll miss you the most, cupcake.

    Bankruptcy, Biglaw, Billable Hours, Deaths, Federal Judges, Food, FTC, Google / Search Engines, Money, Morning Docket, Partner Issues, Privacy, Venable

    Morning Docket: 11.19.12

    * Billable hours in Biglaw are down 1.5 percent, and 15 percent of U.S. firms are planning to reduce their partnership ranks in early 2013. Thanks to Wells Fargo for bringing us the news of all this holiday cheer! [Thomson Reuters News & Insight]

    * Hostess may be winding down its business and liquidating its assets, but Biglaw will always be there to clean up the crumbs. Jones Day, Venable, and Stinson Morrison Hecker obviously think money tastes better than Twinkies. [Am Law Daily]

    * How’s that “don’t be evil” thing working out for you? Google’s $22.5M proposed privacy settlement with the FTC over tracking cookies planted on Safari browsers was accepted by a federal judge. [Bloomberg]

    * Greenberg Traurig and Hunton & Williams face a $7.2B suit from Allen Stanford’s receiver over a former attorney of both firms’ alleged involvement in the ex-knight’s Ponzi scheme. [Houston Business Journal]

    * Perhaps the third time will be the charm: ex-Mayer Brown partner Joseph Collins was convicted, again, for helping Refco steal more than $2B from investors by concealing the company’s fraud. [New York Law Journal]

    * H. Warren Knight, founder of alternative dispute resolution company JAMS, RIP. [National Law Journal]

    1 Comment / / Nov 19, 2012 at 9:25 AM
  • change-all-the-thngs

    7th Circuit, American Bar Association / ABA, Bankruptcy, Barack Obama, Baseball, Deaths, Dewey & LeBoeuf, Disasters / Emergencies, Family Law, Federal Judges, Judicial Nominations, Law Schools, Morning Docket, Pro Bono, S.D.N.Y., State Judges, State Judges Are Clowns, Texas

    Morning Docket: 11.15.12

    * In a move to “end the vacancy crisis,” one week after being reelected, and one day after the Senate returned to session, Barack Obama nominated seven people for open seats on federal district courts, including two S.D.N.Y. slots. [Blog of Legal Times]

    * Dewey know how much the Los Angeles Dodgers will have to pay the now defunct firm for its work on the team’s Chapter 11 bankruptcy case? About $13M — the equivalent of their pitcher’s salary, or 62% of their first baseman’s pay. [WSJ Law Blog]

    * Which Biglaw firms in the Am Law 200 are the most LGBT friendly? Overall, of the 145 firms that participated in the Human Rights Campaign’s survey, 71 received perfect scores. Absolutely fabulous! [Am Law Daily]

    * The American Bar Association’s Task Force on the Future of Legal Education wants to know what should be done about law schools. This is a time to keep it simple, stupid: change EVERYTHING! [National Law Journal]

    * The New York Court of Appeals invoked the Major Disaster Rule for the first time ever, allowing out-of-state attorneys to perform pro bono services for Hurricane Sandy victims. [Thomson Reuters News & Insight]

    * William Adams, the Texas family court judge who got caught beating his daughter, returned to the bench yesterday after a year-long suspension. At least he won’t get physical abuse cases, anymore. [Fox News]

    * John Coffey, Senior Status Judge of the Court of Appeals for the Seventh Circuit, RIP. [Journal Sentinel]

    1 Comment / / Nov 15, 2012 at 9:02 AM
  • Natalie Khawam and Jill Kelley

    Bankruptcy, Divorce Train Wrecks, Military / Military Law, Sex, Sex Scandals

    Three Words That Describe Petraeus/Allen Gal Pal Jill Kelley’s Sister: ‘Unstable,’ Broke… and Lawyer

    What does Jill Kelley’s sister have to do with Generals Petraeus and Allen? Apparently a whole lot…

    50 Comments / / Nov 14, 2012 at 12:23 PM
  • Paula Broadwell

    1st Circuit, Bankruptcy, Dewey & LeBoeuf, Disasters / Emergencies, Facebook, Law Schools, LSAT, Morning Docket, Sex, Sex Scandals, Texas

    Morning Docket: 11.13.12

    * Deep in the heart of Texas, plans are in the works for the state’s secession from the nation via online petition. The most likely White House response? Probably something like this: “HAHAHAHAHAHA!” [Hillicon Valley / The Hill]

    * Paula Broadwell, better known as ex-CIA director David Petraeus’s side piece, has officially lawyered up. This guy had better watch out, because he kind of looks a little bit like her former flame. [Washington Post]

    * And then they came for the Steves, but there was no one left to speak for them. The day of reckoning has finally come for the men who are being blamed for cooking Dewey’s LeBoeuf. [Thomson Reuters News & Insight]

    * Law firms in Manhattan are still recovering from Hurricane Sandy. Not for nothing, but all of the staff members at WilmerHale who were tasked with getting rid of all of the rotten food in the firm’s cafeteria should get a double bonus. Just saying. [WSJ Law Blog]

    * Good news, underemployed law school graduates baristas! The First Circuit just affirmed your $14.1M tip-sharing judgment. Maybe now they’ll be able to afford the Starbucks diet. [National Law Journal]

    * “This lawsuit is a massive fraud on the federal courts and defendants. It has now descended into farce.” Facebook is yet again seeking dismissal of Paul Ceglia’s ownership claims. [Threat Level / Wired]

    * There may be five deciding factors when it comes to law school admissions, but serious candidates should focus on the two most important ones: LSAT and GPA. [Law School Admissions Lowdown / U.S. News]

    4 Comments / / Nov 13, 2012 at 9:14 AM
  • sit by me pillow

    Antitrust, Bankruptcy, Biglaw, Career Center, Career Files, Intellectual Property, Labor / Employment, Tax Law

    Biglaw’s Most Overrated Firms by Practice Area

    Which firms do Biglaw attorneys think are more sizzle than steak? Check out our survey results and find out!

    14 Comments / / Oct 23, 2012 at 4:41 PM
  • "Standing with your arms folded is underrated"

    Antitrust, ATL Career Center Survey, Bankruptcy, Biglaw, Career Center, Intellectual Property, Labor / Employment, Litigators, Rankings, Tax Law

    Biglaw’s Most Underrated Firms by Practice Area

    Above the Law readers identify the most underrated firms in a wide range of practice areas, from antitrust to bankruptcy to labor and employment to tax….

    25 Comments / / Oct 16, 2012 at 3:11 PM
  • David Otunga

    Bankruptcy, Biglaw, Constitutional Law, David Otunga, Dewey & LeBoeuf, Environment / Environmental Law, Law School Deans, Law Schools, Legal Ethics, Money, Morning Docket, Partner Issues, Religion, Sex, Sex Scandals, Small Law Firms, Television

    Morning Docket: 10.12.12

    * “Enough is enough.” Come on, Togut, did you really think all of the Dewey drama was going to end just because the judge approved your settlement plan? Now he’s trying to get the former partners committee disbanded. This won’t end well. [Am Law Daily]

    * Covington & Burling was disqualified from representing Minnesota in its anti-pollution case against ex-client 3M over a conflict of interest. A “conscious disregard” of professional duties? This is 1L stuff, really. [Twin Cities Pioneer Press]

    * Remember J. Michael Johnson, the former dean of Louisiana College Law who resigned for a “great job offer” before the school even opened? He’s now senior counsel for the ultraconservative Liberty Institute. [Alexandria Town Talk]

    * “If you’ve been hit by a table, ladder, or chair, call David Otunga.” What has this Harvard Law grad turned WWE wrestler up to these days, aside from filming commercials at criminal defense firms? [City Sentinel]

    * “The argument is absolutely absurd.” An ex-high school coach accused of having sex with a student wants Oklahomas’s ban on student-teacher relationships overturned as unconstitutional. [Alva Review-Courier]

    3 Comments / / Oct 12, 2012 at 9:09 AM
  • stripper_heels_g7

    American Bar Association / ABA, Bankruptcy, Biglaw, California, Dewey & LeBoeuf, Election 2012, Election Law, Harvard Law Review, Law School Deans, Law Schools, LeBoeuf Lamb, Morning Docket, Nude Dancing, Partner Issues, Politics, Texas, Weddings, William Birdthistle

    Morning Docket: 10.11.12

    * Everyone’s happy about the Dewey & LeBoeuf settlement except the Ad Hoc Committee and its LeBoeuf retirees, who called Judge Martin Glenn’s attempt to slap them down an “insult to injury.” [WSJ Law Blog]

    * While South Carolina’s voter ID law wasn’t found to be inherently discriminatory, its enforcement was still blocked because people will be unable to get their sh*t together in time for the election. [Bloomberg]

    * VP debate moderator Martha Raddatz’s 1991 wedding guest list has come under fire because Barack Obama was invited. Clearly there’s a conflict of interest worth arguing about here. [Washington Post]

    * This man is nobody’s “butt boy”: Tom Keefe, the interim dean over at Saint Louis Law School, will be footing a $14,212 bill for his students in the form of ABA Law Student Division memberships. [National Law Journal]

    * Strippers in California, Florida, Idaho, Kentucky, Texas, and Nevada will be making it rain, because they just scored a $12.9M class action settlement. That’s a whole lot of “college tuition”! [Courthouse News Service]

    0 Comments / / Oct 11, 2012 at 9:12 AM
  • happy

    Bankruptcy, Biglaw, Career Center, Labor / Employment, Tax Law

    And Biglaw’s Happiest Campers Are…

    You might be surprised to see what factors help Biglaw attorneys stay happiest with their jobs.

    5 Comments / / Oct 10, 2012 at 1:29 PM
  • cleveland

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Federal Government, Job Searches, Law Schools, Money, Morning Docket, Partner Issues, SCOTUS, Supreme Court, Wells Fargo

    Morning Docket: 10.10.12

    * Dewey know whether Judge Martin Glenn approved this failed firm’s $71.5 million partner contribution plan? We certainly do, and D&L’s chief restructuring officer, Joff Mitchell of Zolfo Cooper, is simply “delighted” about it. [Wall Street Journal (sub. req.)]

    * Bitch better have my money? The United States is suing Wells Fargo under the little known Financial Institutions Reform, Recover, and Enforcement Act for allegedly screwing it out of approximately eleventy billion dollars. [DealBook / New York Times]

    * “Flat is the new up for the legal sector,” except in Cleveland, because law firms there have been on hiring sprees throughout 2012. But unfortunately, there is a down side — it’s Cleveland. [Cleveland Plain-Dealer]

    * Diversity: no longer just an old wooden ship. Almost every law school-related amicus brief filed in Fisher v. University of Texas has backed the consideration of race in admissions decisions. [National Law Journal]

    * There’s officially at least one benefit in attending Thomas M. Cooley Law — the school collects so much money from students that it’s able to attract big-name speakers, like ex-rocker Henry Rollins. [Michigan Live]

    7 Comments / / Oct 10, 2012 at 9:07 AM
  • Dewey LeBoeuf LLP new logo DL

    Art, Bankruptcy, Biglaw, Crime, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, White-Collar Crime

    Dewey Have A Criminal Case On Our Hands?
    (Plus your chance to own a piece of Dewey.)

    Some updates on Dewey & LeBoeuf, regarding the criminal investigation and the firm’s art collection – which you can purchase a piece of!

    2 Comments / / Oct 9, 2012 at 2:24 PM
  • A round of applause for diversity!

    American Bar Association / ABA, Bankruptcy, Biglaw, Books, Copyright, Dewey & LeBoeuf, Education / Schools, Edwards Wildman, Federal Judges, General Counsel, Google / Search Engines, Morning Docket, Partner Issues, State Judges, State Judges Are Clowns, Texas

    Morning Docket: 10.05.12

    * Dewey know when Judge Martin Glenn will issue his ruling on the failed firm’s proposed partner contribution plan? If all goes according to plan, we can expect to learn if the PCP’s been approved or rejected as early as next week. [Am Law Daily]

    * Hot on the heels of Google’s digital-book settlement, the company announced that it would be appealing its copyright infringement jury verdict in the Oracle trial. One thing’s for sure: Judge Alsup will be angered terribly by this. [Bloomberg]

    * David Askew, formerly the director of Edwards Wildman’s pro bono program, will now lead the National Association of Minority and Women Owned Law Firms as CEO and general counsel. [Corporate Counsel]

    * The American Bar Association submitted an amicus brief in support of using race as a factor in college admissions, because diversity in college education is a must for diversity in law schools, duh. [ABA Journal]

    * Remember the family law judge who got caught beating his daughter in a video that went viral? Now he wants the Texas Supreme Court to reinstate him, over his ex-wife’s objections. Good luck with that. [CNN]

    8 Comments / / Oct 5, 2012 at 9:11 AM

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