Securities Law

  • cooley law logo

    Arent Fox, Bankruptcy, Biglaw, Education / Schools, Family Law, In-House Counsel, Law Professors, Law Schools, Morning Docket, Pro Bono, Securities and Exchange Commission, Securities Law, Student Loans

    Morning Docket: 07.22.13

    * Though she be but little, she is fierce! Under Mary Jo White’s guidance, the Securities and Exchange Committee is now cracking down on financial fraud with a vengeance. [DealBook / New York Times]

    * When a Biglaw firm’s chairman skeptically says, “Uh, OK, I mean, maybe,” with regard to a future increased demand for legal work, you know things are bad. We’ll have more on this later today. [New Republic]

    * With Detroit’s downfall, vultures are swooping in left and right to snag clients. Firms retained thus far include Weil Gosthal, Arent Fox, Kirkland & Ellis, Winston & Strawn, and Sidley Austin. [Reuters]

    * “I’m not a 100% sure this is legal.” Two law professors have come up with a revolutionary way for law students to finance legal education that sounds like it just might work. [WSJ Law Blog (sub. req.)]

    * Normally when Biglaw firms and legal departments go to court over contested litigation, something’s gone wrong, but this summer, they’re trying to do some good in the world. [National Law Journal]

    * Soon, it’ll be known as Western Michigan University Thomas M. Cooley Law School, but even with a new name, you’re still going to be Cooley, and there’s no recovery from that. [Lansing State Journal]

    * In Greenwich, Connecticut, the fact that people buy homes where they want their kids to go to school isn’t a “complicated concept.” The schools’ racial diversity, on the other hand, is. [New York Times]

    9 Comments / / Jul 22, 2013 at 9:07 AM
  • bernie madoff RF

    Bernie Madoff, Money, Quote of the Day, Securities and Exchange Commission, Securities Law, Wall Street

    Who’s the Idiot Now, Bernie?

    This infamous Ponzi schemer has some advice for the SEC.

    6 Comments / / Jun 5, 2013 at 3:05 PM
  • Casey Anthony

    Bankruptcy, Biglaw, Books, Crime, Department of Justice, Dewey & LeBoeuf, Federal Judges, Job Searches, Law Schools, Litigatrix, Morning Docket, Partner Issues, Securities and Exchange Commission, Securities Law, Trials, Women's Issues

    Morning Docket: 05.08.13

    * “Is there a public interest in unwanted pregnancies … that can often result in abortions?” The judge who ordered that Plan B be made available to all women regardless of age is pissed at the DOJ. [The Caucus / New York Times]

    * Mary Jo White, the littlest litigatrix, will “review” the Securities and Exchange Commission’s policy of allowing financial firms to settle civil suits without affirming or denying culpability, but for now, she’s defending it. [Reuters]

    * Dewey know what this failed firm is supposed to pay its advisers for work done during the first nine months of its bankruptcy proceedings? We certainly do, and it’s quite the pretty penny. [Am Law Daily]

    * In a round of musical chairs that started at Weil Gotshal, Cadwalader just lost the co-chairs of its bankruptcy practice and another bankruptcy partner to O’Melveny. [DealBook / New York Times]

    * Another day, another law school comparison website. Take a look at Law Jobs: By the Numbers, which includes a formula from the laughable National Jurist rankings system. [National Law Journal]

    * In a move that shocked absolutely no one, attorneys for Colorado movie theater shooting suspect James Holmes announced they will enter a plea of not guilty by reason of insanity for their client. [CNN]

    * From the “hindsight is 20/20″ file: the judge who presided over the Casey Anthony trial thinks there was enough evidence to convict the ex-MILF. He also likened Jose Baez to a used car salesman. [AP]

    * Check out Logan Beirne’s book (affiliate link). Even when sensationalizing George Washington’s rise from general to president, attention must be paid to the rule of law. [Wall Street Journal (sub. req.)]

    1 Comment / / May 8, 2013 at 9:04 AM
  • Business Plan

    Biglaw, Bloomberg, Career Alternatives, Money, Securities Law, Videos, YouTube

    Career Alternatives for Attorneys: Startup Founder

    Are you interested in leaving the practice of law to pursue an entrepreneurial venture? Maybe you can learn some lessons from today’s career alternatives story….

    6 Comments / / Apr 17, 2013 at 5:03 PM
  • women-lawyers

    Biglaw, Boutique Law Firms, Clarence Thomas, Gay, Gay Marriage, Gender, Law Firm Mergers, Law Schools, Morning Docket, Partner Issues, SCOTUS, Securities Law, Supreme Court, Women's Issues, You Go Girl

    Morning Docket: 04.03.13

    * Some Supreme Court analysts are speculating that Justice Clarence Thomas could cast a vote to overturn the Defense of Marriage Act, but at this point, that’s just about as likely as him speaking during oral arguments. [Talking Points Memo]

    * When a practice group laterals out of a firm en masse, you know things were probably going on behind the scenes for a while. Apparently Bingham’s securities enforcement crew was in very high demand by other Biglaw firms. [Am Law Daily]

    * Hot on the heels of a merger ménage à trois, Dentons (fka SNR Denton) is already eyeing new growth possibilities across the globe. Guess they’re down with orgies now… [WSJ Law Blog (sub. req.)]

    * “Clients don’t hire us because of our sex. They hire us because we win.” This, from Hillary Richard, one of the female name partners of a largely all-female firm. You go girl! [DealBook / New York Times]

    * Silly Cooley, a “second-tier” law school by any other name would smell as stank. Our nation’s second-best law school is considering a union with Western Michigan University. [National Law Journal]

    5 Comments / / Apr 3, 2013 at 9:06 AM
  • Kaye Scholer welcomes you to Flori-duh!

    Biglaw, Death Penalty, Guns / Firearms, Job Searches, Law School Deans, Law Schools, Morning Docket, Outsourcing, Partner Issues, Securities Law

    Morning Docket: 04.02.13

    * It looks like it’s time for yet another rousing game of Biglaw musical chairs. This time, 11 of Bingham McCutchen’s securities enforcement partners are hightailing it over to Sidley Austin en masse. [DealBook / New York Times]

    * This week in on-shore outsourcing: there may be a job waiting for you at Kaye Scholer’s new operations center (so new we bet you didn’t know about it), so hurry up and apply, because the interviews are soon. [Tallahassee Democrat]

    * “We’re trained in the law and persuasion, not firearms.” But maybe you should be? After the targeted killing of attorneys in Texas, prosecutors are now on high alert. [New York Times]

    * When looking at the current law school model, Paul Caron of TaxProf Blog urges law deans to take advice from Jimmy McMillan because “law school tuition is simply too damn high.” [Businessweek]

    * Change our admissions practices amid the worst legal economy we’ve seen in decades? “Ain’t nobody got time for that,” scoffed Sarah Zearfoss, director of admissions at Michigan Law. [AnnArbor.com]

    * Drexel Law will accept applications for its two-year law degree program in May 2014. The higher-ups at the ABA are scheduled to laugh their asses off on or about the same date. [Philadelphia Inquirer]

    * “[F]or James Eagan Holmes, justice is death.” In a move that shocked absolutely no one, the prosecution in the Aurora, Colorado movie theater massacre case is seeking the death penalty. [CNN]

    1 Comment / / Apr 2, 2013 at 9:04 AM
  • My personal favorite: Peepemptory Challenges.

    2nd Circuit, Billable Hours, Blog Wars, Blogging, Books, Citigroup, Holidays and Seasons, Judge of the Day, Law Schools, Non-Sequiturs, Securities Law, Sex, Sex Scandals, State Judges, State Judges Are Clowns, Wall Street

    Non-Sequiturs: 03.29.13

    * To those of you who celebrate it, Happy Easter! Welcome the holiday by voting in the ABA Journal’s fifth annual “Peeps in Law” contest. [ABA Journal]

    * If law firm brackets aren’t your thing, check out Professor Kyle Graham’s brackets for (1) law school classes and (2) law blogs. I’m thankful for ATL’s #1 seed but terrified by who we’re up against (because they’ve ripped me a new one before). [noncuratlex]

    * Sorry, Judge Steiner, you wuz robbed; you should have been our Judge of the Day. It’s tough to top “allegations of a sexual quid pro quo with a female lawyer and the eye-opening confiscation of carpet from [chambers] for forensic analysis.” [OC Weekly]

    William Shatner

    * “William Shatner’s Seductive Powers Don’t Create a Fiduciary Duty.” Robyn Hagan Cain explains why. [U.S. Second Circuit / FindLaw]

    * Citi settles securities cases for $730 million. Matt Levine is not impressed. [Dealbreaker]

    * And Ted Frank is incensed by Bernstein Litowitz’s nine-figure fee request. [Point of Law]

    * If you’re already depressed by public ignorance about the Supreme Court, don’t look at the responses to question 9 of this opinion poll. [Penn Schoen Berland]

    * Steven Harper — author of a new (and very good) book about the legal profession, The Lawyer Bubble (affiliate link) — offers thoughts on the billable hour in the wake of the DLA Piper overbilling allegations. [New York Times]

    7 Comments / / Mar 29, 2013 at 5:39 PM
  • 425G - Remembered to lift the seat

    Civil Rights, Copyright, Gay Marriage, Non-Sequiturs, SCOTUS, Securities and Exchange Commission, Securities Law, Sex, Supreme Court, Video games

    Non-Sequiturs: 03.27.13

    * First the law school rankings, now urine-based video games? It’s been a whirlwind week of heavy journalism for U.S. News. [U.S. News]

    * Did you ask for a diorama of the Supreme Court? Because I did… [Washington Post]

    * What do SCOTUSblog and “Girls” share in common? If you guessed that Tom Goldstein spends most of his day at the office naked, you’re (probably) wrong. [Peabody Awards]

    * Casinos have systematically driven men out of the bartending and cocktail serving market. They use a fig leaf to protect themselves from Title VII… apparently literally. [Workplace Prof Blog]

    * Dartmouth professor Sonu Bedi argues that same-sex marriage is really about the separation of church and state. You say potato, I say egregious denial of basic rights. [Huffington Post]

    * UBS trying to get out of an SEC case. Color me surprised. [Dealbreaker]

    * Central New Mexico Community College does not want to hear that sex talk. It makes Sol the Suncat sad. [Popehat]

    * As mentioned before, there’s a new legal dispute over whether or not Sherlock Holmes has lapsed into the public domain. Alex Heimbach of Slate puts the case under the proverbial magnifying glass. [Slate]

    0 Comments / / Mar 27, 2013 at 5:01 PM
  • Crowd_outside_nyse

    Guns / Firearms, Law Schools, Lindsay Lohan, Non-Sequiturs, Patents, SCOTUS, Securities and Exchange Commission, Securities Law, Supreme Court, Technology

    Non-Sequiturs: 03.18.13

    * A former general counsel has settled a case with the SEC alleging a slew of backdated options. It was suspicious when all the options were backdated to October 30, 1929. [ABA Journal via The Recorder]

    * “If Microsoft Shuts Down Google Maps In Germany, How Does That Benefit The Public?” Um, it makes it harder for them to find Poland! Duh. [TechDirt]

    * Senator Ted Cruz is having a rough go of it in the Senate. He’s already been publicly ripped by fellow Republicans John McCain and Lindsey Graham. Then he raised the ire of Senator Diane Feinstein, who has exactly zero patience for his crap. [Jezebel]

    * Based on the description, HLN is licking its chops. [Craigslist]

    * Supreme Court bobbleheads! I’m particularly impressed by Justice Brandeis riding the railroad. [Justices For Sale]

    * To get yourself wound up for March Madness, here’s a fictional lawyer bracket from Constitutional Daily. Jack McCoy didn’t even make the field so this won’t be a repeat of the Above the Law winner. [Constitutional Daily]

    * Lifting the amazing disappearing cloak over merit scholarships. [TaxProf Blog via National Jurist]

    * Lawyer cited as the good guy in a punchline. Hurray! [OMFG Meme]

    * Video after the jump of Lindsay Lohan showing up late for court, and getting a surprise gift from the crowd…

    9 Comments / / Mar 18, 2013 at 5:24 PM
  • Guns / Firearms, Kids, Military / Military Law, Securities and Exchange Commission, Securities Law, Small Law Firms, Women's Issues

    Non-Sequiturs: 03.04.13

    * A full run-down of the suspension of a 7-year-old for brandishing a danish shaped like a gun. He was loaded for bear… claw. [Lowering the Bar, Part I; LTB, Part II]

    * U.S. drones are helping out the French in Mali. Jeez, drones are getting used everywhere from here to Timbuktu. [Volokh Conspiracy]

    * Do you need to report to the SEC if your company gets hacked? Probably… if you don’t tell them about possible violations how would they ever know? [IT-Lex]

    * Someone wants help finding a WordPress theme for their law firm. Totally Best Magazine, bro. That’s hawt. [Yahoo Answers]

    * Just a reminder, Ms. JD’s Fellowship applications are due March 8. [Ms. JD]

    3 Comments / / Mar 4, 2013 at 5:44 PM
  • Mary Jo White RF SEC chair Debevoise Plimpton

    Biglaw, Fabulosity, Federal Government, Legal Ethics, Litigators, Litigatrix, Mary Jo White, Money, Partner Issues, Partner Profits, Securities and Exchange Commission, Securities Law, Wall Street

    Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?

    She’s a longtime Debevoise partner, and she’s married to a longtime Cravath partner. Let’s take a look at their financial disclosures.

    24 Comments / / Feb 12, 2013 at 2:47 PM
  • LF Lazy

    2nd Circuit, Citigroup, Jed Rakoff, Securities and Exchange Commission, Securities Law

    SEC To Second Circuit: ‘Please Don’t Make Us Do Our Jobs!’

    The SEC and Citigroup want the Second Circuit to tell district courts to stay out of their backroom settlements. That sounds wrong.

    20 Comments / / Feb 8, 2013 at 1:51 PM
  • 'Jail? No thank you.'

    Biglaw, Deaths, Law School Deans, Law Schools, Lindsay Lohan, Money, Morning Docket, Partner Profits, Securities Law

    Morning Docket: 02.01.13

    * Congratulations to Cadwalader Wickersham & Taft! The firm saw its first revenue increase in three years, with profits per partner jumping up 11.6 percent, yet they didn’t top Cravath’s bonuses. Rude. [Am Law Daily]

    * Thanks to the firm’s association with Ponzi schemer Nevin Shapiro, Shook Hardy & Bacon was accused of aiding and abetting in securities law violations and is facing a multimillion-dollar suit. [Miami Herald]

    * Lawyer glut? What lawyer glut? Let’s open some new law schools, yayyyy!!! Despite the fact that applications are at their lowest in a decade, new schools are still throwing their doors open wide. [Wall Street Journal]

    * With the dean of Seattle University School of Law stepping down, Annette Clark, she of the most epic St. Louis University Law resignation letter, may get a second bite at the proverbial deanship apple. [National Law Journal]

    * “Flattery doesn’t get you anywhere in this court.” Wooing the judge won’t work, so Lindsay Lohan’s new lawyer has a tough row to hoe — he had to pick up Shawn Holley’s pieces AND deal with his client. [Fox News]

    * Ed Koch, former mayor of New York City and judge of “The People’s Court,” RIP. [New York Times]

    0 Comments / / Feb 1, 2013 at 9:05 AM
  • SEC seal LF

  • netflix

    NYSE, Securities and Exchange Commission, Securities Law, Social Media, Social Networking Websites, Technology

    SEC’s Netflix Probe Is No Blockbuster

    The SEC is probing Netflix for posting company milestones on Facebook. Calling Facebook a non-public forum sounds crazy, it’s just one more instance of the SEC failing to grasp modern technology.

    4 Comments / / Dec 12, 2012 at 6:10 PM
  • Justice RBG rocking her doily.

    Alston & Bird, Biglaw, Blogging, Bloomberg, David Boies, Health Care / Medicine, Law Schools, Mergers and Acquisitions, Money, Non-Sequiturs, Ruth Bader Ginsburg, SCOTUS, Securities and Exchange Commission, Securities Law, Supreme Court, Ted Olson

    Non-Sequiturs: 11.26.12

    * As soon as Mary Schapiro announced she was stepping down as chairwoman of the SEC, Obama nominated another woman to take her place. Congrats to SEC Commissioner Elisse Walter! [WSJ Law Blog]

    * In other breaking news that no one will care about now that bonus season is upon us, Justice Ruth Bader Ginsburg swapped out her neck doily for a blingy necklace from Glamour. [Josh Blackman’s Blog]

    * You know what the ancient Romans would’ve hated more than watching the fall of the Roman empire? The Citizens United decision. Cato, Cicero, and Julius Caesar wouldn’t have been impressed with this. [Slate]

    * Why go to law school if you’re already doing well financially? Perhaps you’re just another prestige hunter. If you are, then all the better for you, because that seems to be what all of the law schools are selling these days. [Inside the Law School Scam]

    * Don’t cry for Argentina: they may be in the middle of a billion-dollar bond dispute, but the uber-prestigious lawyers on either side of the case (Boies; Olson) are enough to make you forget about their troubles. [Reuters]

    * A Biglaw attorney from Alston & Bird with a rare sleep disorder confronts Big Pharma and… doesn’t win. At least not yet. But on the bright side, she’s not sleeping for 18 hours anymore. [The Last Word on Nothing]

    * We’re honored to announce that Above the Law was named as one of the ten law blogs in the ABA Journal’s inaugural Blawg 100 Hall of Fame. Please click here if you’d like to help us win again this year. [ABA Journal]

    * After the jump, Bloomberg Law’s Lee Pacchia speaks with a Bill Lawlor, a Dechert partner, who claims that “hope springs eternal for M&A attorneys.” Will the mergers and acquisitions market begin to boom once again?

    5 Comments / / Nov 26, 2012 at 5:00 PM
  • Airplanes / Aviation, Allen & Overy, Biglaw, Bonuses, Books, Deaths, Dewey & LeBoeuf, Jeffrey Toobin, Money, Morning Docket, SCOTUS, Securities Law, Supreme Court

    Morning Docket: 10.01.12

    * Bank of America agreed to pay $2.43 billion, one of the biggest securities class-action settlements in history, to put the Merrill Lynch mess behind it. According to Professors Peter Henning and Steven Davidoff, B of A “is probably quite happy with the settlement given that it could have potentially faced billions of dollars more in liability in the case.” [DealBook / New York Times]

    * “Oyez! Oyez! All persons having business before the Honorable, the Supreme Court of the United States, are admonished to draw near and give their attention, for the Court is now sitting.” Here is Robert Barnes’s take on the SCOTUS Term that starts today. [Washington Post]

    * And here is Professor Garrett Epps’s review of Jeffrey Toobin’s new book on the Supreme Court, The Oath (affiliate link). [New York Times]

    * How Dewey justify paying a big bonus to a member of the management team “when it has been widely pointed out that excessive compensation to the firm’s upper management significantly contributed to the firm’s collapse in the first place?” [Bankruptcy Beat via WSJ Law Blog]

    * A high-profile Vatican trial raises these questions: “‘Did the butler do it?’ Or rather, ‘was it only the butler who did it?’” [Christian Science Monitor]

    * Ben Ogden, an Allen & Overy associate who was killed in a Nepalese plane crash, R.I.P. [Am Law Daily]

    3 Comments / / Oct 1, 2012 at 9:05 AM
  • tea leaves

    Crime, Department of Justice, In-House Counsel, Securities and Exchange Commission, Securities Law, White-Collar Crime

    Reading Tea Leaves: Defense Bar Freaking Out About the Foreign Corrupt Practices Act

    Why are defense lawyers suddenly freaking out about the Foreign Corrupt Practices Act (FCPA)?

    8 Comments / / Sep 28, 2012 at 4:10 PM

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