Well, this is not going to make Bingham McCutchen partners happy. A judge today ruled that the marital agreement between Los Angeles Dodgers owner Frank McCourt and wife Jamie McCourt is invalid — and therefore Frank might not have sole ownership of the Dodgers.
We wrote about Bingham’s boo-boo back in September. Some copies of the postnuptial agreement use the word “inclusive” in a way that would have given Frank sole ownership, while others use the word “exclusive,” which would have made Jamie a co-owner.
Bingham’s agreement may have been thrown out by the court, but don’t think for a second that Frank McCourt is done fighting for sole control of the team…
He’s in his late-30s and has been around the block and seen the world.
He can self-finance his own education and won’t need to make a whole lot of money when he gets out of school.
He has talked to actual practicing attorneys in his hometown to get a sense of what they do for a living.
He’s already thinking about his marketing strategy to sell his legal skills to clients.
Former NBA defensive player of the year Ben Wallace wants to go to law school when he’s done with basketball. He thinks he wants to be a defense attorney.
I think that would be a wonderful decision for him. Not only will he get to experience the intellectual joys of learning a new trade, he’ll be able to employ himself after he’s done and he won’t be in a mountain of debt. Don’t call me a law school hater, I just want everybody to make informed and financially sound decisions like Ben Wallace…
Readers, please buckle your seatbelts and prepare to be astounded, because I am about to talk to you about football. Yes, I know — football and breasts don’t normally mix (hello, Ines Sainz) – but Elie, who would usually write about football and the law, is pulling me from the JV squad and letting me stand in as quarterback for this post. Let’s hope I don’t get sacked.
Speaking of quarterbacks, today we’re going to be talking about everyone’s favorite Heisman trophy winner, Gator-turned-Bronco Tim Tebow. Although Tebow is a relatively squeaky-clean guy, he has had his fair share of controversy in his football career.
Tebow, who was notorious for writing bible verses on his eye black, is rumored to have brought about the NCAA’s decision to propose the “Tebow Rule,” which banned college football players from displaying any messages on their eye black. Tebow also endured some major backlash after appearing in an anti-abortion ad sponsored by Focus on the Family which aired during Super Bowl XLIV.
Given that Tebow is the NFL’s equivalent of Dudley Do-Right, you wouldn’t expect that he’d be implicated in any sort of legal wrongdoing. But Tebow must have been a very bad boy and neglected his prayers during the Bronco’s bye week, because this week, he was named in a Florida restraining order request. You’ll never guess who his alleged co-conspirators are…
We’ve seen lawyers request continuances because of major sporting events before. There was a great continuance motion last year, when the Alabama Crimson Tide played in the BCS Championship game. Obviously, the entire state of Louisiana lost its collective mind during the New Orleans Saints Super Bowl Run.
Notice how we’re talking about football? Football is “America’s Passion,” while baseball is “America’s Pastime” — which is a nice way of saying, “Baseball is something cool to have on the television while you take an afternoon nap.” (Full Disclosure: I’m a Mets fan, so baseball has been dead to me for many months.)
But we’re seeing unusual passion from Texas Rangers fans. Maybe it’s because the team had never won a playoff series until this postseason. Maybe it’s because Cliff Lee really is a witch.
Lawyers who are Texas Rangers fans appear to have gone all the way around the bend…
Horribly embarrassing for everybody, but this guy (who topped the 'F*** List')
When Tom Wolfe wrote I Am Charlotte Simmons, he interviewed his Duke daughter and Stanford son about their college experiences, and tried to capture what university life would be like for a highly intelligent, young, innocent virgin at an elite school obsessed with frat parties and athletics. It was an enjoyable read. If you want something similar to that, but a non-fiction version with less innocence and more alcohol, check out An education beyond the classroom: excelling in the realm of horizontal academics.
2010 Duke grad Karen Owen facetiously called it her “Senior Honors Thesis.” I summarized it over at my new bloggerly digs:
Owen kept detailed notes on her sexual adventures with 13 members of Duke’s lacrosse, baseball and tennis teams over the last four years. She then put those notes, along with the athletes’ names and photos into a 42-slide PowerPoint presentation, that concludes with a ranking of the 13 on what she calls her “F*** list.” (Congratulations, I suppose, to this guy for topping the list.)
Owen sent it by email to three friends, and then because it was too brilliant, hilarious, and painstakingly-elaborate to keep among four friends, one of them forwarded it on. Like an STD in a frat house, it went viral…
I have friends who support the Bowl Championship Series (BCS) as an effective non-playoff means for determining the national champion of college football. These friends say that the BCS preserves the sanctity of the college football season (“Every game is a playoff”). They say it gives power conferences (like the Southeastern Confederacy and the Big Oil Alumni conferences) their due for their consistently tough conference schedules. And they say (somewhat counter-intuitively but almost certainly true) that a playoff system favors the team that gets hot at the right time, not the team that was the best in college football over the course of the season. They don’t say that the current system is perfect, but they don’t view a playoff as inherently better just because the champion will be decided “on the field” after a tournament.
Of course, these friends are elitist, anti-competitive pricks who support BCS teams and use their lawyer skills to avoid punishment from bar fights they start when their teams get their asses kicked.
Me, I’m a man of the people. Okay, not really. But I am a man who stands against the ridiculous accumulation of wealth by a cherished few. The BCS is just a huge pot of money that only a few conferences and athletic directors have access to. And as long as multimillion-dollar boondoggles are being thrown around, I think everybody should have a shot at getting in on the action.
Of course, it’s really hard to get rich people to give up some of their money for the greater good of a larger community. They won’t do it willingly. Thankfully, this is why God invented tax law. Our brother-from-another-mother, Caleb Newquist of Going Concern, explains how a political action committee is trying to use the tax code to stop the BCS….
It’s actually not the divorce of the Los Angeles Dodgers, but the divorce of real estate mogul Frank McCourt and his wife, Jamie. Some call it the Dodger Divorce, however, since this bitter litigation could determine the fate of the storied baseball team — an asset worth hundreds of millions.
The couple is fighting over ownership of the Dodgers in a Los Angeles courtroom, aided by a long list of leading litigators. Frank McCourt is represented by Stephen Susman of Susman Godfrey, among others, and Jamie McCourt’s legal team is led by David Boies of Boies Schiller. (For a more complete listing of the lawyers involved, see here.)
But right now Susman and Boies aren’t the lawyers in the limelight. Rather, all eyes are focused on attorneys from Bingham McCutchen. The Boston Globe reports:
The high-powered firm is suddenly at the center of the drama because of work done by its lawyers. At issue is the wording of a document signed by both McCourts six years ago. According to media reports, three copies of the marital property agreement use the word “inclusive,” which would make Frank McCourt the sole owner of the Los Angeles Dodgers, and three copies say “exclusive,” which would make Jamie McCourt the co-owner of the venerable Major League Baseball franchise.
This is not the first time we’ve covered how a tiny difference in language — just two little characters, “in” as opposed to “ex” — could mean millions. Remember the single-digit error that could cost a real estate company tens of millions? See also the $900,000 comma and the $40,000 missing “L.”
Yikes. This is such stuff as lawyers’ bad dreams are made of. Law truly is a game of inches. (When bloggers make typos, commenters make fun of us; when lawyers make typos, people die lose money — sometimes lots and lots of it.)
The lead lawyer from Bingham McCutchen, Larry Silverstein — no relation to the World Trade Center real estate developer, as far as we know — admits that he messed up in preparing the marital property agreement (MPA)….
This story may provide some good fodder for “dumb cheerleader” jokes. Sarah Jones, a high school English teacher and cheerleader for the Cincinnati Bengals, was understandably upset when a gossip website called TheDirty.com published an article entitled “The Dirty Bengals Cheerleader,” asking, “Why are high school teachers freaks in the sack?”
According to Jones’s December 23, 2009 complaint, the article, published on December 7, 2009, quoted a commenter who alleged that Jones had slept with all the members of the Bengals team and had STDs. The complaint for defamation, libel, and invasion of privacy states that Jones’s school had seen the post and that her students had commented on it. Hopefully, not with insight into how freaky she is in the sack…
LeBron James is taking his talents to Washington. Well, at least his lawyers are. Lawyers for King James have filed their motion to dismiss the suit filed by Leicester Bryce Stovell, a D.C.-based lawyer. Stovell claims that he is LeBron’s father and that LeBron’s mother, Gloria James, tampered with the paternity test that would have proven his claims. Our own Gabe Acevedo did an interview with Stovell back in July.
We offered LeBron the opportunity to appear on Above the Law during an hour-long special called “The Paternity,” where he would reveal the identity not of his biological father, but of whichever man gave him the best chance of expanding LeBron’s global reach. My money was on Justin Bieber, but so far LeBron has declined our offer.
So, for the moment, we’ll have to content ourselves with what his lawyers say about this Leicester Bryce Stovell character…
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.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: