* Time to find a new fetish to deposit in your spank banks, sickos, because animal crush videos have been banned (again). [CNN Politics]
* Despite Mark Madoff’s suicide, Irving Picard still has him on a short leash is pursuing litigation against the Madoffs. All clawback lawsuits against the family will continue to move ahead. [Wall Street Journal]
* An inconvenient truth? A massage therapist in Oregon previously accused Al Gore, once thought to be a robot eunuch, of unwanted sexual advances. Is this why the Gores’ marriage didn’t have a happy ending? [Associated Press]
* YouTube scores a “decisive win” over Viacom in their long-running litigation over copyright infringement, thanks to the Digital Millennium Copyright Act’s “safe harbor” provision. [Technology & Marketing Law Blog / Eric Goldman]
* Should Judge Martin Feldman have recused himself in the deep-water drilling case? [WSJ Law Blog]
* Is Supreme Court nominee Elena Kagan getting “borked” — by Bork? [The BLT via ABA Journal]
* Alleged Jamaican drug lord Christopher Coke, a fugitive from justice, is captured; Manatt Phelps claims it never did lobbying work in the Coke case. [Am Law Daily]
* New York Attorney General Andrew Cuomo, now running for governor, has accepted millions in campaign cash from special interests (some of whom he has pursued as AG). [New York Times]
* Five Muslim men from Virginia are each sentenced by a Pakistani court to at least 10 years in prison, on terrorism charges. [Washington Post]
* Americans are warming up to Lady Kaga: public support for confirming Elena Kagan to the Supreme Court has reached 58 percent. [Washington Post]
* But two Republican senators have issues with some of the memos Kagan wrote as a law clerk to Justice Marshall. [Associated Press via How Appealing]
* As new estimates double the rate of oil flowing into the gulf, the gusher of lawsuits against BP continues — aided by ad campaigns from plaintiffs’ lawyers. [New York Times]
* Meanwhile, Attorney General Eric Holder insists that “the American people will not pay a dime toward the cleanup of the Gulf region” because “BP will be held responsible.” [The BLT: Blog of the Legal Times]
* Tagged.com has been tagged with accusations of tolerating child pornography; New York Attorney General Andrew Cuomo may sue. [Wired]
* He loves to work for people who fly and it shows: former Delta lawyer John Varley becomes the new general counsel of Virgin America. [Atlanta Business Chronicle]
We’ve previously covered a sticky situation involving an alleged drafting error by real estate lawyers at Stroock & Stroock & Lavan. The dispute pits the buyers of luxury condos at the Rushmore, on Manhattan’s Upper West Side, against the development company Extell, Stroock’s client. (Our prior coverage appears here, here, and here.)
When we last checked in, the New York Attorney General, Andrew Cuomo, had sided with the buyers and ruled against Extell. But instead of just rolling over, which is what most folks do when attacked by the New York AG, Extell is fighting back. From the Real Deal (via Am Law Daily):
In a last minute and stunning move, the developers of the Upper West Side’s Rushmore condominium filed a federal lawsuit [on Monday] against state Attorney General Andrew Cuomo seeking to reverse his April rescission order to refund more than $16 million in escrow funds to buyers.
The developers, Extell Development and Carlyle Realty Partners, operating under the name CRP/Extell, also filed a motion in U.S. District Court seeking a temporary restraining order that would block the release of the funds, which include down payments for more than $110 million worth of apartments.
In its moving papers, Extell kind of throws Stroock under the proverbial bus — but just a little bit….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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