Bankruptcy

  • Corporate Money

    Bankruptcy, Biglaw, Crime, Crowell & Moring, Defamation, Dewey & LeBoeuf, Immigration, Law Firm Mergers, Midsize Firms / Regional Firms, Money, Morning Docket, Patents, Small Law Firms, Technology

    Morning Docket: 10.03.12

    * Yeah, about that huge bonus we were going to pay our ex-finance director — we realized how silly that was, so we’re not going to do that. Aww, don’t worry, Dewey & LeBoeuf, you’ll have plenty of other chances to look absurd. [Am Law Daily]

    * Not only is Samsung suing Apple for patent infringement, but the company is also trying to get a do over by getting Judge Lucy Koh to throw out the original billion-dollar verdict over jury foreman Velvin Hogan’s alleged misconduct. [Bloomberg]

    * “Small deals are easier to swallow, easier to integrate.” Regional firms like Carlton Fields and Adams and Reese are gobbling up smaller firms in what seems to be the latest trend in law firm merger mania activity. [Thomson Reuters News & Insight]

    * Douglas Arntsen, the former Crowell & Moring associate who had to be extradited from Hong Kong after embezzling $10.7M from clients, pleaded guilty in exchange for a lesser sentence. [New York Law Journal]

    * It’s tough to come up with appropriate whistleblower jokes given the background here. We’ll play it straight: Mike McQueary filed a defamation suit against Penn State, and he’s seeking $4M in damages. [ABC News]

    * Jose Godinez-Samperio, an undocumented immigrant, is fighting for the ability to practice law in Florida, but the members of the state Supreme Court are literally trying to make it into a “federal case.” [Washington Post]

    8 Comments / / Oct 3, 2012 at 9:08 AM
  • CBS-Good-Wife-Alicia-Florrick

    Asians, Bankruptcy, Biglaw, Dewey & LeBoeuf, General Counsel, In-House Counsel, JPMorgan Chase, Morning Docket, SCOTUS, State Judges, Supreme Court, Television

    Morning Docket: 10.02.12

    * “This case has nothing to do with the United States.” We’d normally let that slide because of this law from 1789, but now the Supreme Court is suddenly skeptical about the validity of the Alien Tort Claims Act. [Reuters]

    * “Why are we being punished for Dewey & LeBoeuf?” Come to think of it, former employees at the failed firm are probably wondering the exact same thing as the fictional characters on “The Good Wife.” [WSJ Law Blog]

    * Reduce, reuse, and recycle your claims? New York Attorney General Eric Schneiderman filed suit against JPMorgan, alleging that the bank’s Bear Sterns business defrauded mortgage-bond investors. [Bloomberg]

    * A man of many firsts: Randall Eng, the first Asian judge in the state, was appointed to lead New York’s Second Department as presiding justice, the first Asian-American to serve in the position. [New York Law Journal]

    * UC Irvine Law is planning a six-week summer camp for in-house counsel. They’re calling it the Center for Corporate Law, but Mark Herrmann’s “General Counsel University” has a nicer ring to it. [National Law Journal]

    * Why shouldn’t you get a dual JD/MBA? Because hiding out in school for another year isn’t going to save you from all of the extra debt you’ve incurred earning yet another degree. [Law Admissions Lowdown / U.S. News]

    3 Comments / / Oct 2, 2012 at 9:19 AM
  • Penguin v Wurtzel

    Bankruptcy, Book Deals, Books, Elizabeth Wurtzel, Lawsuit of the Day, Litigatrix, Money

    Lawsuit of the Day: Penguin v. Wurtzel (and Other Authors)

    Why is Elizabeth Wurtzel being sued by her former publisher, and how much does Penguin want from her? And which other high-profile authors are also being sued?

    33 Comments / / Sep 27, 2012 at 3:01 PM
  • Dewey LeBoeuf LLP new logo DL

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Money, Partner Issues, Partner Profits

    Dewey Know Which Partners Signed On To The Partnership Contribution Plan? Yes — And How Much They’ll Pay, Too

    Which high-profile ex-partners of Dewey & LeBoeuf have signed up for the global settlement, and how much are they paying?

    12 Comments / / Sep 21, 2012 at 6:05 PM
  • Behold the Monkey!

    Art, Bankruptcy, Biglaw, Career Alternatives, Depositions, Dewey & LeBoeuf, Morning Docket, State Judges, Television, Videos

    Morning Docket: 09.21.12

    * Martin Bienenstock, Dewey’s former bankruptcy head, offered some free legal advice to the firm’s bankruptcy advisers: “[P]lease get real about the unfinished business claims.” [WSJ Law Blog]

    * In other interesting Dewey news, you’re never going to guess what Steve DiCarmine’s been doing since the firm went under. He of the orange skin tone is making it work at Parsons. [Am Law Daily]

    * Remember Kenechukwu Okoli, the guy who slapped a Paul Hastings partner in the face during a depo and then sued him for assault? Yeeaah, that suit got dismissed. [Thomson Reuters News & Insight]

    * NerdWallet has created an online law school comparison tool, but users will only get to choose from 50 schools, none of which are in the so-called U.S. News second tier. Guess they don’t think Cooley is the second-best school in the country. How rude. [Bucks / New York Times]

    * Cecilia Gimenez, the woman from Spain who accidentally turned a fresco of Christ into a portrait of a monkey, is now seeking royalties from funds the church levied as entrance fees to see her “work of art.” [Telegraph]

    * Bridget Mary McCormack, a candidate for Michigan’s Supreme Court, has a simple tip for putting together the best judicial campaign video ever: all you need to do is reunite the cast of The West Wing. Check it out….

    4 Comments / / Sep 21, 2012 at 9:05 AM
  • American Bar Association / ABA, Bankruptcy, Biglaw, Boutique Law Firms, California, Deaths, Federal Judges, Food, Gay, Gay Marriage, Intellectual Property, Law Firm Mergers, Law Firm Names, Law Schools, Legal Ethics, Morning Docket, Movies, Partner Issues, Ruth Bader Ginsburg, SCOTUS, Supreme Court, YouTube

    Morning Docket: 09.20.12

    * Are you ready for some Supreme gossip? In remarks delivered at Colorado Law, Supreme Court Justice Ruth Bader Ginsburg predicted that the Defense of Marriage Act would be argued “toward the end of the current term.” [CBS News]

    * Dewey’s version of trying to curry favor for the proposed $72M partner settlement? Filing a deposition transcript noting that others could’ve also been blamed for D&L’s downfall, but weren’t due to time constraints. Gee, thanks. [Am Law Daily]

    * Novak Druce + Quigg and Connolly Bove Lodge & Hutz will merge to form Novak Druce Connolly Bove & Quigg, the 7th largest IP firm in the U.S. Guess seven name partners was a bit much. [Delaware Law Weekly]

    * Michael McShane was nominated by President Obama to fill a judgeship in Oregon. If confirmed, he’d be one of the few openly gay judges on the federal bench, which, of course, would be absolutely fabulous. [Oregonian]

    * The Institute for Inclusion in the Legal Profession wants the ABA to amend the Model Rules of Professional Conduct to include a duty to promote diversity. Because we clearly need a rule on that. [National Law Journal]

    * Cindy Garcia, an actress from “Innocence of Muslims” is suing, claiming that she was duped into the role under false pretenses. She wants the film removed from YouTube. Everyone else does, too, lady. [Bloomberg]

    * A judge refused to issue an injunction against the California ban on foie gras, instead allowing a suit on the same topic to move forward. Oh mon dieu, judge, think of all the poor Francophiles! [San Francisco Chronicle]

    * Joshua Morse III, former dean of Mississippi Law who defied segregation, RIP. [New York Times]

    6 Comments / / Sep 20, 2012 at 9:09 AM
  • Cecily A. Dumas

    Bankruptcy, Biglaw, Howrey LLP, Money, Partner Issues, Quote of the Day

    Quote of the Day: What’s In A Name?

    If you’re a non-equity partner, are you really even a partner at all? That’s the question raised in ongoing Howrey bankruptcy litigation.

    16 Comments / / Sep 19, 2012 at 4:55 PM
  • William Baer

    Antitrust, Bankruptcy, Biglaw, Books, Clarence Thomas, Department of Justice, Dewey & LeBoeuf, Football, Law Professors, Law Schools, Money, Morning Docket, Pro Bono, Religion, SCOTUS, Senate Judiciary Committee, Sentencing Law, Supreme Court

    Morning Docket: 09.18.12

    * “We’re all from the Ivy League. That seems to be more relevant than what faith we are.” SCOTUS Justice Clarence Thomas really knows how to make Article III Groupie’s heart sing. [New York Times]

    * Dewey know why this failed firm’s bankruptcy team is cutting special deals with the former D&Lers who worked on the sale of the Dodgers? Like all things Biglaw, it all circles back to money. [WSJ Law Blog]

    * What in William Baer’s past might lead the Senate Judiciary Committee to hold a closed meeting on his candidacy to lead the DOJ’s Antitrust Division? [Blog of Legal Times]

    * In a heartwarming pro bono project, Proskauer Rose will be representing NYC in its attempts to evict an elderly newsstand operator from his kiosk in Greenwich Village. It really brings a tear to your eye, doesn’t it? [New York Post]

    * Jerry Sandusky will be sentenced on October 9, and prosecutors are asking that he be classified as a sexually violent predator. Boy, that’ll be a fun title to have while he’s in jail for the rest of his life. [Bloomberg]

    * “[A]t present, the large majority of law graduates — perhaps 80 percent — end up worse off after going to law school that they were before they enrolled.” Paul Campos is so cheerful in his book. [National Law Journal]

    7 Comments / / Sep 18, 2012 at 9:19 AM
  • Dewey LeBoeuf LLP new logo DL

    Biglaw, Citigroup, Dewey & LeBoeuf, Dissolution, Partner Issues, Partner Profits, Wells Fargo

    Dewey Know Who’s Next? (Reprise)

    Which major law firm might follow in the footsteps of Dewey and LeBoeuf? Let’s discuss….

    38 Comments / / Sep 17, 2012 at 6:20 PM
  • Kate Middleton

    9th Circuit, Alex Kozinski, Bankruptcy, Biglaw, Breasts, Dewey & LeBoeuf, H. Rodgin Cohen, Morning Docket, Pictures, Privacy, SCOTUS, Supreme Court, Supreme Court Clerks, United Kingdom / Great Britain

    Morning Docket: 09.17.12

    * Come on, people, Dewey really think that it’s fair that these proposed partnership clawback settlements blame only us for the firm’s implosion? The Steves and ex-CFO Joel Sanders don’t think so. [Bloomberg]

    * “[E]ven if partners’ capital contributions were used to repay Dewey’s indebtedness—so what?” Well, that’s certainly one way to defend a suit alleging Citibank’s participation in a Ponzi-like scheme. [Am Law Daily]

    * A $280K bonus sure seems nice, but do all Supreme Court clerks choose life in Biglaw once they’ve completed their stints at the high court? As it turns out, the answer is no — some view the money as “golden handcuffs.” [Wall Street Journal]

    * Because nobody can ogle these crown jewels except Prince William: the royals’ potential suit against Closer magazine over topless pics of Kate Middleton has turned into full-blown privacy proceeding. [New York Times]

    * If you’re struggling in law school, it may be wise to take some advice from those who’ve been there before you, like SullCrom’s Rodge Cohen, the Ninth Circuit’s Chief Judge Alex Kozinski. [National Law Journal]

    7 Comments / / Sep 17, 2012 at 9:11 AM
  • Someone's excited about fashion law!

    8th Circuit, 9th Circuit, Abortion, Bankruptcy, Barack Obama, Biglaw, Celebrities, Constitutional Law, Copyright, Deaths, Fashion, Kiwi Camara, Law Professors, Law Schools, Money, Morning Docket, Richard Epstein

    Morning Docket: 09.12.12

    * Good news, everyone! According to Citi’s Managing Partner Confidence Index survey, firm leaders are feeling pessimistic about their business due to an overall lack of confidence in the economy. [Am Law Daily]

    * Per the Ninth Circuit, an Idaho statute that essentially criminalizes medication-induced abortions imposes an undue burden on a woman’s ability to terminate her pregnancy. Really? You don’t say. [Bloomberg]

    * Kiwi Camara’s circuitous route to SCOTUS: thanks to the Eighth Circuit, Jammie Thomas-Rasset started and ended her journey with $222K damages for copyright infringement. [Thomson Reuters News & Insight]

    * “Fashion law is a real career choice,” says Gibson Dunn partner Lois Herzeca. This niche practice area is one of the hottest new trends in the wonderful world of fashion, and it’s not likely to go out of style any time in the remote future. [Reuters]

    * Your clawback suit is a wonderland? John Mayer was named as a defendant in a suit filed by trustees seeking to recover money paid out by Ponzi schemer Darren Berg. [Bankruptcy Beat / Wall Street Journal]

    11 Comments / / Sep 12, 2012 at 9:06 AM
  • Comment-of-the-week

    Bankruptcy, Comment of the Day, Law Schools, Money, Student Loans

    Comment of the Week: Loan Debt Redemption

    Who won the award for Comment of the Week?

    5 Comments / / Sep 7, 2012 at 4:58 PM
  • L

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Dissolution, Sports

    And The Softball Team Played On: Dewey’s Softball Team

    Let Dewey play… softball. Not law, we’re not crazy…

    16 Comments / / Sep 7, 2012 at 2:04 PM
  • waving

    Bankruptcy, Boutique Law Firms, Lawyer Advertising, Ridiculousness, Small Law Firms

    Las Vegas Firm Serves Up Second Helping of Ham

    Our favorite lawyers in Las Vegas are at it again, and this time around, we get more awesome porcine puns, cheesy acting, and ugly sweaters.

    13 Comments / / Sep 7, 2012 at 1:08 PM
  • Jewel v Boxer 2 small

    2nd Circuit, Bankruptcy, Biglaw, California, Dissolution, Lateral Moves, Partner Issues, Partner Profits, Robinson & Cole, S.D.N.Y., Thelen Reid & Priest, Thelen Reid Brown Raysman & Steiner

    A Welcome Ruling for the New Law Firms of Refugees from Bankrupt Firms

    A decision just handed down by a judge of the Southern District of New York has important implications for law firm dissolutions.

    5 Comments / / Sep 4, 2012 at 4:58 PM
  • Crushing-Debt-Obligations2

    Bankruptcy, Law Schools, Money, Student Loans

    Can You Show ‘Undue Hardship’ On Your Student Loans? You May Be Surprised.

    Maybe claiming undue hardship isn’t as impossible as it seems, if you truly have no hope…

    53 Comments / / Sep 4, 2012 at 11:22 AM
  • Angelica Cecora

    Bankruptcy, Biglaw, Celebrities, Dewey & LeBoeuf, Federal Government, Federal Judges, Law Schools, Minority Issues, Morning Docket, Partner Issues, State Judges, Student Loans

    Morning Docket: 09.03.12

    Ed. note: Due to the Labor Day holiday, we’ll be on a reduced publication schedule today. We’ll be back to normal tomorrow. A restful and happy Labor Day to all!

    * The lone ex-Dewey partner who was sued by Citibank for defaulting on his capital loan is fighting back, claiming that he was “fraudulently induced” into signing up for the plan even though the bank knew that the S.S. D&L was sinking. [Reuters]

    * If you’re trying to avoid additional questions being raised about your alleged bad behavior, a resignation amid scandal isn’t the way to do it. Suzanne Barr, the ICE official accused of running a federal “frat house,” has quit her job. [New York Daily News]

    * A federal judge taught the members of the Louisiana Supreme court that the year 1994 did, in fact, occur before the year 1995. Justice Bernette Johnson will now ascend to the rank of chief justice. [Times-Picayune]

    * Because we’re all a little hopeless these days: given the bleak realities of our economic situation, perhaps it’s finally time to change the standard for a discharge of student loan debt in bankruptcy. [New York Times]

    * “The groups that attempt to rank schools are involved in a lot of hogwash.” Even if that’s the case, people are still going to care about the University of Illinois’s rankings nosedive after the Paul Pless to-do. [News-Gazette]

    * Don’t be scared by the absurd tuition rates or the abysmal job prospects, because law school is still a great investment for African-Americans — and for law schools in search of diversity, too. [National Law Journal]

    * “[T]hat a lawyer would take this kind of case is shocking.” Sadly, it’s not. Angelica Marie Cecora, the alleged escort who filed a $5M suit against Oscar de la Hoya, now has to pay all of his legal fees. [New York Post]

    6 Comments / / Sep 3, 2012 at 10:02 AM
  • Kim Kardashian

    Bankruptcy, Biglaw, Boutique Law Firms, Celebrities, Constitutional Law, Dewey & LeBoeuf, Law Firm Mergers, Morning Docket, Partner Issues

    Morning Docket: 08.30.12

    * Apparently spring bonuses don’t make the Biglaw world go ’round after all. The annual Am Law midlevel survey is out, and satisfaction levels are up across the board. Maybe they’re happy to still be employed. [American Lawyer]

    * When Dewey get to retire this used up, old D&L pun? Probably around the same time as that Howrey joke — never. Oh, and the firm asked a bankruptcy judge to approve its $70M partner “clawback” plan. [WSJ Law Blog]

    * Oh mon dieu, it’s time for some law firm merger mania! DLA Piper, the second-largest Biglaw behemoth, proposed to French firm Frieh Bouhenic, and of course, the corporate boutique said “oui.” [Legal Week]

    * Judicial efficiency: Judge Robert Hinkle says he’ll block Florida’s regulations on voter registration groups just as soon as an appeals court boots the state’s arguments. [Bloomberg]

    * Judge Kenneth Lester Jr. will step down as judge in the George Zimmerman case after using “disparaging” language in a bail order. Zimmerman’s probably hoping that the third judge will be the charm for him. [CNN]

    * Kim Kardashian settled her suit against The Gap over the company’s use of a look-alike actress in an Old Navy commercial. Sigh. She’ll keep getting paid, no matter what we do. [Hollywood, Esq. / Hollywood Reporter]

    4 Comments / / Aug 30, 2012 at 9:09 AM