Insider trading is one of those activities that you should avoid. If you’re a lawyer, it’s an activity you should definitely avoid. It’s not really all that hard to steer clear of insider trading either. Obviously there are some murky cases, but it’s wise to err on the side of caution.
On the other hand, there are also cases where the SEC says a close friend of a company’s executive is emailing you and telling you which days to buy because “[e]arnings are being released on the 30th along with some good news,” and “[l]ooking forward to getting paid back. Good luck…. SHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!” Those are the cases where you probably should walk away.
Put aside the insider trading: what lawyer is using email to have these conversations?
* Lawyer charged with stealing from clients defends himself: “[Wife] had become accustomed to a lavish lifestyle that generated living expenses of $40K per month.” Well then! [Seattle Post-Intelligencer]
Models often find themselves in awkward poses. Models whose work borders on the porn industry often find themselves in really awkward poses. The model in this story works in the latter milieu. She’s Elizabeth Dickson, and she models for Playboy. As part of this career, she shoved a golf tee in her tail.
* Good news if you’re a better golfer than your buddies: if you play in New Jersey, you’re not liable when another member of your group injures someone with an errant ball hit into the proverbial lumber yard. On the other hand, you’ll have to be in New Jersey. [The Legal Blitz]
* Hank Greenberg continues his effort to throw roadblocks in the way of the NY AG investigation into AIG. Now he’s accusing the AAG on the case of ethical lapses, which is only fair since that’s what everyone else is accusing Greenberg of. [NY Daily News]
* It’s official: Biglaw fees are unreasonable. At least by South Florida standards. [South Florida Lawyers]
* A Nevada judge was charged with misdemeanor manslaughter in the death of a bicyclist. If convicted, he could spend up to six months in jail. I’d like to imagine this would play out a lot like when Rorschach went to prison. [Associated Press]
* If you’re in NYC tomorrow evening, the New York City Bar Association is hosting a free event titled “The First Amendment in an Age of Terror” featuring Professor Jonathan Hafetz of Seton Hall University School of Law; James Goodale of Debevoise & Plimpton; Judge Robert D. Sack; Spencer Ackerman, the U.S. National Security Editor for The Guardian; and Jameel Jaffer, Deputy Legal Director, American Civil Liberties Union. [New York City Bar Association]
* Syracuse College of Law students have an early Law Revue video for us. Strap in for a Mariah Carey parody that involves a baby getting a hatchet to the face. That sounds way darker than it really is. Video embedded below….
* “The only thing that can stop a bad guy with a gun is a bear cub with a gun. Or something.” [Bear Lawyer]
* Professor Nick Rosenkranz wonders if a 50/50 quota is appropriate to generate intellectual diversity at law schools since Harvard Law seems to think that gender diversity merits a 50/50 quota. The answer is no. Thanks for playing. [Volokh Conspiracy]
* A senior litigation associate at Paul Hastings, Ryan Nier, has decided to participate in something called the Death Race, and it has nothing to do with the drive for partnership. This Death Race is 50-mile mountain endurance/obstacle race that takes somewhere between 24 and 48 straight hours to finish. Only a handful complete the race every year, and Nier is determined to be one of them. From what we’re told, Paul Hastings has been entirely supportive of Nier, which is cool because he’s using it as an opportunity to raise money for charity. But who knows how supportive they’ll be when they realize he won’t have Blackberry access on top of the mountain for 48 hours. For more information about the Death Race, check out the website. [The Death Race]
* Law student golfing across the U.S. So, I take it summer associate gigs are still scarce? [Golf.com]
* “Guess What the Air Force’s Chief of Sexual Assault Prevention Was Just Arrested For…” Hard to top that headline. [Lowering the Bar]
* Harper Lee suing over “To Kill a Mockingbird” (affiliate link), alleging that the son-in-law of her literary agent botched the copyright. *Insert cheap Atticus Finch joke here* [Washington Post]
* Dr. Phil is suing Gawker alleging that the website posted a video of the pop psychologist’s interview with Manti Te’o, stifling ratings. So Dr. Phil thinks his audience strongly overlaps with Gawker’s. I’m incredulous. [Yahoo! Sports]
* This is why an over-aggressive cease and desist letter can get you into more trouble. Enter the world of the “miniature war-gaming community.” [Popehat]
* A guide to the questions applicants need to be able to answer at OCI. The best? “Describe a situation when you had to think on your feet to extricate yourself from a difficult situation.” This provides insight into how the applicant will deal with virtually every situation that ever comes up in Biglaw. [Ms. JD]
Over on our sister site Dealbreaker, Bess Levin describes an angry letter to the president of the Piedmont Driving Club, a prestigious Atlanta country club. The letter alleges some incredible behavior by members of the Piedmont, including (but not limited to) naked golf (who cares?), a member picking up a golf ball with his butt cheeks (did they make MacGruber a member?), and a member “open[ing] his pants, pull[ing] out his penis, and slapp[ing] the passed-out member’s head with his penis” (WTF???).
Deadspin reports that the author of the letter is one John C. Weitnauer, and if you look him up, you’ll see he’s a partner at a Biglaw firm — one who apparently learned a modicum of lawyerly discretion, at least when it comes to keeping his Bird in his trousers. It does not appear that he intended for the letter to leak, but like so many Piedmont members out on the greens, leak it did.
* An NYU Law grad and former WilmerHale associate, Cristina Alger, has just published a new novel (affiliate link) that looks quite interesting. [New York Times]
* Proposition 8 proponents want en banc review in the Ninth Circuit. I think we should raise the stakes. They’ll get an en banc panel, but if they lose they all have to get gay-married and try the goddamn green eggs and ham already. [MetroWeekly]
* Couldn’t we simplify errant golf ball liability to: if you get hit with a golf ball while you are on a golf course, it’s your fault. If you get hit with a golf ball while not on a golf course, liability rests with the whackjob who is hitting golf-balls in the middle of the city. [Legal Blitz]
* Are women more concerned with fairness law? [Ms. JD]
If you’re a golf fan, then you should seriously consider attending the 2011 Legal Technology Leadership Summit from September 6 – 8, at Amelia Island, Florida. Attendees will have the chance to go golfing with their legal colleagues shortly after noon on Tuesday, September 6.
Regardless of skill level, foursomes (comprised of 3 golfers and a cart driver/putter) will be able to hit the green and have some fun in the Florida sun. For more information on the courses that will be used for the golf outing, see the Ritz-Carlton website.
But a fun golf outing isn’t all that you’ll get when you attend the Summit. You can take a look at the full conference agenda here. Many experts in the legal technology field will be speaking at the Summit, and after working on your golf swing, you can earn some much-needed continuing legal education credits. We have been approved for CLE credits in the following states (and an accreditation request is pending in Florida):
Please sign up to attend. We hope to see you there!
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
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The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
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