Bank of America

  • gavel money

    Finance

    Orrick’s Financial Industry Week in Review

    ‎On December 2, the Federal Financial Institutions Examination Council (FFIEC) released the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.

    / Dec 11, 2014 at 3:58 PM
  • Homer_Simpson_2006

    Benchslaps, Drugs, Football, Law Schools, Morning Docket

    Morning Docket: 08.29.14

    In honor of the Simpsons marathon let’s introduce each of these with a Simpsons quote.

    * Dr. Hibbert: And hillbillies want to be called “Sons of the Soil,” but it ain’t gonna happen. — BofA wants that $1.3 billion verdict tossed as “unreasonable.” [Law360]

    * Superintendent Chalmers: Oh, I have had it, I have had it with this school, Skinner! The low test scores, class after class of ugly, ugly children! — Suffolk University fired its president just days before school began. I’d like to think it was over their subway ads. In any event, the interim president seems to get the problem: “‘I don’t think there’s growth there,’ he said, referring to [law school] enrollment.” [Boston Globe]

    * Homer: Barney’s movie had heart, but “Football in the Groin” had a football in the groin — College football kicked off last night (or Wednesday if we cared about Georgia State), so check in with the lawyer for the USC player who pretended he injured himself saving his nephew’s life. [Deadspin]

    * Lionel Hutz: There’s the truth and… the truth! — Bracewell & Giuliani partner, Glenn A. Ballard Jr., got benchslapped in Texas for “an affront to this court, to the other parties and to judicial integrity.” Everything’s bigger in Texas. [Houston Chronicle]

    * Chief Wiggum: You have the right to remain silent. Anything you say blah blah blah blah blah blah. — After Philip Seymour Hoffman’s overdose, the police actually arrested a jazz musician. He got no jail time after he hired a new lawyer, Alex Spiro, who went after the cops for taking advantage of his client. [NY Daily News]

    * Jimbo: You let me down, man. Now I don’t believe in nothing no more. I’m going to law school. — Professor Campos wonders if American University law school will sue students who drop out or transfer? [Lawyers, Guns & Money]

    2 Comments / / Aug 29, 2014 at 9:03 AM
  • Paris Hilton legal trial lawyer law school nude hottie

    Deaths, Federal Judges, Non-Sequiturs, Paris Hilton, Patents, Prisons, S.D.N.Y., Technology

    Non-Sequiturs: 05.28.14

    * In sad news, Judge Harold Baer Jr. died last night. A giant of the Southern District of New York, Judge Baer will be remembered for his sound judicial temperament and his biting wit. [New York Law Journal]

    * Paris Hilton hit with $2 million lawsuit for breaching a footwear deal. Does anyone still care enough about Paris Hilton to sign her to multi-million dollar sponsorship deals? [Radar Online]

    * Kamala Harris may have a bright future, but her present has some issues. She started a task force to go after foreclosure consultant fraud and managed to pursue only 10 cases, fewer than her colleagues in other states despite California’s foreclosure crisis. Part of having a prestigious job is actually doing it. [East Bay Express]

    * A Texas woman has filed suit claiming she was forced to give birth in solitary confinement, begging for — and not receiving — medical care. The baby died. But, hey, the baby came out of her, so it’s not a problem whether it lives any more in conservative Texas. [Feministing]

    * Judge allows Bank of America to continue foreclosing on the home of Burt Reynolds. And somewhere Alex Trebek smiles. [WPEC]

    * More on the female brain drain at law firms and how to fix it. [She Negotiates]

    * 5 awesome charts that prove that patent litigation is officially out of hand. [Vox]

    * Ray Rice’s lawyer offers a hypothetical of the videotaped altercation between Rice and his now-wife. This is why lawyers shouldn’t use hypotheticals. [Sports World News]

    * Is there really a “third way” when it comes to Net Neutrality? This article makes a good case for rules allowing providers to take reasonable actions to address the different needs of Skype vs. email. [The Hill]

    * Law firms are starting to think like media companies. Next thing you know, Biglaw will be all Hollywood. Video after the jump…. [Mimesis Law]

    6 Comments / / May 28, 2014 at 5:00 PM
  • iStock_000024600148XSmall-RF

    Banking Law

    Bank Gushes About 4Q Profits — These SEC Filings Sound A Lot More Ominous

    When a lawyer hears a company tout good financial news, it’s time to scour the latest filings for all the warts.

    3 Comments / / Jan 16, 2014 at 3:34 PM
  • internet troll

    Banking Law, Drugs, Environment / Environmental Law, Law Schools, Marijuana, Morning Docket, Patents, SCOTUS, Supreme Court

    Morning Docket: 10.24.13

    * Parties in the greenhouse gas cases before SCOTUS have agreed to trim the number and length of their briefs to reduce the number of times “go f@ck yourself and die” is written. [Blog of Legal Times]

    * The latest patent reform bill up for debate promises that it will put an end to the trolls by forcing them to do more work before filing suit. If only it were that easy to keep the trolls at bay. [National Law Journal]

    * Do the hustle, and blame it on Becca! A jury has found that Bank of America is liable for selling defective mortgages, and the potential penalty could be up to $848 million. [DealBook / New York Times]

    * Since the law was puff, puff, passed, lawyers in Washington State have politely asked their Supreme Court if and when they’ll allowed to smoke weed and represent clients that sell it. [Corporate Counsel]

    * Class certification in the Alaburda v. TJSL lawsuit over allegedly deceptive employment statistics has officially been denied. We guess that all good things must come to an anticlimactic end. [ABA Journal]

    * Another law school gets it: the U. of St. Thomas will its freeze tuition at the low, low price of $36,843, allowing students to pay a flat fee for all three years of education. [Campus Confidential / Star Tribune]

    * If you’d like to ace your law school interviews (which apparently are a thing these days), it helps if your personality doesn’t inspire ritualistic seppuku. [Law Admissions Lowdown / U.S. News & World Report]

    * Michael Skakel, the Kennedy cousin convicted of killing, was granted a new trial due to ineffective assistance of counsel. Getting away with murder? Aww, welcome to the family, Mike! [Washington Post]

    3 Comments / / Oct 24, 2013 at 9:09 AM
  • Law and Order

    Antonin Scalia, Bankruptcy, Biglaw, Dewey & LeBoeuf, Jury Duty, Law Professors, Law School Deans, Law Schools, Morning Docket, Musical Chairs, New Jersey, Ruth Bader Ginsburg, SCOTUS, State Judges, Supreme Court, Television, Women's Issues

    Morning Docket: 09.09.13

    * Once again, Justice Ginsburg offers us some perspective on behind the scenes action at the Supreme Court. We bet you didn’t know that “Get over it” is one of Justice Scalia’s favorite expressions. [Politico]

    * The chief justice of Delaware’s Supreme Court turned in his resignation papers on Friday, and rumor has it that the legendary Leo Strine will try to replace him. Best of luck, Chancellor! [Reuters]

    * “I wasn’t looking for a job.” Paul Aguggia, the chairman of Kilpatrick Townsend & Stockton, will step down to cash in as the CEO of a New Jersey bank where he served as outside counsel. [American Banker]

    * This is what it’s like when bankruptcies collide: AMR Corp. is now disputing Dewey’s billables, including 1,646 hours of contractually prohibited work completed by first-year associates. [Am Law Daily (sub. req.)]

    * Bank of America is bleeding money in settlement payments. A $39 million payout in a Merrill Lynch gender bias case brings the total to about $200 million in under two weeks. [DealBook / New York Times]

    * GW Law starts its dean search next month, and whoever takes the position needs to be good at raising funds, because the school has struggled in that department ever since Dean Berman left. [GW Hatchet]

    * An Ivy League law professor tells us the third year of law school is a “crucial resource” to ensure lawyers are well-trained, so classes like “Understanding Obama” must be social imperatives. [Washington Post]

    * It seems to me that the only jurors who might be influenced by the depiction of the legal system on Law & Order are the ones who were too dim to figure out how to get out of jury duty. [WSJ Law Blog (sub. req.)]

    5 Comments / / Sep 9, 2013 at 9:10 AM
  • Chief Judge Alex Kozinski

    9th Circuit, Alex Kozinski, Basketball, Blogging, Craigslist, Health Care / Medicine, Law Schools, Non-Sequiturs, Paralegals, Privacy, Sports, Texas

    Non-Sequiturs: 08.20.13

    * A chat with Chief Judge Alex Kozinski. Kozinski is the only interviewee who can talk about political oppression and reserve the real shock and horror for jury verdicts. [Concurring Opinions]

    * On a serious note, a summer intern at Bank of America has died after pulling three all-nighters. Biglaw reminds associates that the lesson here is to get your work done faster. [Gawker via Instapundit]

    * LeBron James thinks he’s actually above the law. What’s more despicable? Using celebrity to ruin everyone else’s commute so you can watch a concert or being part of the Heat? [Grantland]

    * Case Western Reserve is changing its legal curriculum out of desperation an effort to revolutionize law school. [Cleveland Plain-Dealer]

    * Women’s magazines make a ton of demoralizing helpful promises. What if lawyers inserted themselves into the editorial process? [The Tangential]

    * A Chicago ER doctor is facing a lawsuit over taking and posting pictures of a woman — apparently this “actress, model, and ex-professional tennis player” — who’d had too much to drink. Dr. Carter has really gone downhill. [IT-Lex]

    * RIP Groklaw, 2003-2013. The stalwart blog has decided to shut down over concerns about government surveillance. [Groklaw]

    * An attorney in Texas decided to take to Craigslist to rip another lawyer advertising a $10/hour paralegal job. Screenshots of the original and the response after the jump… [Craigslist]

    7 Comments / / Aug 20, 2013 at 5:02 PM
  • casey-anthony-smile

    Banking Law, Crime, D.C. Circuit, Department of Justice, Education / Schools, Federal Judges, Gay Marriage, Law Professors, Law Schools, LSAT, Minority Issues, Morning Docket, New Jersey, Securities Law, State Attorneys General, State Judges, Television, Trials, UVA Law

    Morning Docket: 08.07.13

    * The speed (or lack thereof) of justice: The DOJ filed suit against Bank of America, alleging that the bank defrauded mortgage-backed securities investors in 2008. [DealBook / New York Times]

    * Sri Srinivasan, the newest member of the D.C. Circuit’s bench, is getting ready to hear his first arguments, while litigants try to commit the spelling of his last name to memory. [Legal Times]

    * The LSAT is not to blame for the dearth of minority enrollment in law schools, said a UVA Law professor, and then a Cooley Law professor had to swoop in to slap him down. [National Law Journal]

    * After teaming up with Touro, the University of Central Florida is working with Barry on an accelerated degree program. The dean of FAMU is upset. Don’t worry, you’ll get your turn, too. [Orlando Sentinel]

    * New Jersey is in no rush to legalize gay marriage. To support their views, officials point out that people with civil unions are just like married couples — except for the married part. [New Jersey Law Journal]

    * Meanwhile, a judge in Illinois will decide whether she’ll dismiss a challenge to the state’s gay marriage ban by the end of September. In her defense, early fall is a great time for a wedding. [Daily Herald]

    * Belvin Perry, the judge who presided over the Casey Anthony murder trial, may be getting his own Judge Judy-esque television show. Oh, Flori-duh, you never, ever cease to entertain us. [MSN News]

    6 Comments / / Aug 7, 2013 at 9:07 AM
  • The 'very, very pretty' Cristina Fierro.

    Biglaw, Department of Justice, Federal Judges, Football, Insider Trading, Law Schools, Money, Morning Docket, Patents, Politics, Sentencing Law, Sex, Sports

    Morning Docket: 10.25.12

    * Covington, Skadden, and Proskauer really like representing professional sports leagues: from 2010 to 2011, the NHL paid a combined total of $8.8M to all three, and Covington received $16.3M from the NFL over the last three years. [Am Law Daily]

    * The Department of Justice sued Bank of America yesterday for doing the “hustle.” No, not the popular disco disco dance, but rather, a supposed elaborate scheme to defraud the government out of billions of dollars. [DealBook / New York Times]

    * Rajat Gupta was sentenced to a whole two years behind bars for insider trading, but my colleague Elie Mystal thinks that the more appropriate punishment would’ve been to force him to reenact the seminal 80s film, Trading Places. [HuffPost Live]

    * Unfortunately, Siri wasn’t able to be helpful with this one. A federal judge had to recuse himself in a patent case involving the Siri voice assistant app because of his “interest” in Apple (likely stock ownership). [CNET]

    * Was Wednesday the day of departing deans? NYU’s Richard Revesz said farewell, and so did Sydney Beckman of Duncan Law, but the latter flat out quit amid accreditation uncertainty. [Knoxville News Sentinel]

    * “We’ll fight another day. This is not over.” While a jury declared that Teresa Wagner wasn’t a victim of Iowa Law’s political bias, a mistrial was called as to her equal protection claim against the school. [Press Citizen]

    * Somebody really should’ve told Lawrence Taylor that when testifying in an underage sex trafficking case, it’s probably not a good idea to mention that your accuser was “very, very pretty” and “very sexy.” [Associated Press]

    2 Comments / / Oct 25, 2012 at 9:05 AM
  • 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
  • Dewey LeBoeuf LLP new logo DL

    Bankruptcy, Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Law Firm Mergers, Money, Partner Issues

    Dewey Have Good News To Report? Quite Possibly

    LeBoeuf is not yet done. What’s the good news cooking over at Dewey & LeBoeuf?

    73 Comments / / Apr 29, 2012 at 11:42 AM
  • Dewey LeBoeuf logo large

    Bankruptcy, Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, JPMorgan Chase, Lateral Moves, Law Firm Mergers, Musical Chairs, Partner Issues, Tax Law

    Dewey Have A Shot Of Working Out A Rescue Plan — Before The Loans Come Due?

    When are Dewey’s debts due? And can the firm figure out a rescue plan before that date?

    66 Comments / / Apr 24, 2012 at 6:48 PM
  • 9th Circuit, American Bar Association / ABA, Banking Law, Crime, Department of Justice, Fat People, Health Care / Medicine, Insider Trading, Military / Military Law, Money, Morning Docket, U.S. News

    Morning Docket: 09.30.11

    * Now that DADT has been repealed, the Ninth Circuit has tossed the Log Cabin Republicans case. How does that Paula Abdul song go? Two steps forward, two steps back? [Los Angeles Times] * Is this a new way of protecting taxpayers? In early 2012, Bank of America is going to start charging $5 a […]

    8 Comments / / Sep 30, 2011 at 9:14 AM
  • Biglaw, Colbert Report, Partner Issues, Privacy, Technology, Television

    Hunton & Williams Gets Colbert Report’ed

    The cutting-edge information and security practice of Hunton & Williams is getting the firm lots of media attention these days — but not of the positive variety. The firm’s lawyers are getting coverage due to their information becoming insecure after a hacktivist group leaked emails they exchanged with security firm HBGary. Last night, the firm’s […]

    16 Comments / / Feb 25, 2011 at 10:11 AM
  • Biglaw, Partner Issues, Privacy, Technology

    Hunton & Williams Gets WikiLeaked

    Hunton & Williams is having an uncomfortable week, and will get its very own page in the WikiLeaks saga. Thanks to a feud between hacktivist group Anonymous and a security firm, emails that Hunton lawyers exchanged with that security firm were leaked in a major document dump last week. Journalist (and lawyer) Glenn Greenwald of […]

    41 Comments / / Feb 15, 2011 at 12:57 PM
  • Denny Chin, Jed Rakoff, Loretta Preska, Securities Law, Wall Street

    Who’s Afraid of the Big Bad Rakoff?

    Since Judge Denny Chin is moving on up to the Second Circuit, the S.D.N.Y. cases pending before him have to be redistributed. Lawyers for Bank of America, which has 15 civil shareholder lawsuits on Chin’s docket, sent the chief judge a letter requesting that the cases be reassigned using a lottery system. As we mentioned […]

    9 Comments / / May 17, 2010 at 11:34 AM

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