Bankruptcy
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Morning Docket
Morning Docket: 04.07.21
* The NRA’s top lawyer claims he was not consulted on the group’s bankruptcy filing. Guess the organization might be shooting from the hip… [LAw360]
* A high-profile Nevada lawyer has seemingly admitted to failing to safeguard client funds and other ethical breaches. [Las Vegas Review-Journal]
* Several Italian-American organizations are filing a lawsuit against the City of Philadelphia and local officials over canceling Columbus Day and removing statutes of Christopher Columbus. [CBS News]
* Colorado is considering mandatory diversity training for all attorneys. [Denver Post]
* Drinker Biddle must face a lawsuit alleging it broke a promise when it purportedly promised to retain an attorney so long as she “performed as an average associate.” Seems like a low bar… [ABA Journal]
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Morning Docket
Morning Docket: 03.30.21
* Nike filed a trademark infringement lawsuit over Lil Nas X’s so-called “Satan Shoes” which include a drop of human blood and other Satanic imagery. Guess the old town road went straight to hell, and hope they hired the “Devil’s advocate”… [Forbes]
* The trial in a class action against 3M, on behalf of servicepeople who allegedly suffered hearing loss from faulty ear plugs, is underway. [Military.com]
* Seattle is taking steps to ensure that everyone facing eviction has the benefit of a lawyer. [Seattle Times]
* A Florida lawyer faces possible disbarment for allegedly taking money from clients and ghosting them. [Click Orlando]
* A woman representing herself pro se was able to discharge tens of thousands of dollars of student loans in bankruptcy. Maybe she would have gotten more debt discharged if she went to law school… [Yahoo News]
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Biglaw
Stat Of The Week: Commercial Chapter 11s Spike
Bankruptcy lawyers can stop reading here and get back to work. -
Bankruptcy
How The Bankruptcy Code Protects Lenders And Harms Student Debtors — And What One Lawyer Is Doing About It
No one has ever had the gall to question the law and try to take down the student loan debt machine — until now. -
Finance
Half Of Twentysomethings Live At Home As Tenth Circuit Chips Away At Debt Protections For Student Loan Lenders
Until there’s real change for student borrowers, a super-narrow court decision will have to suffice. -
Morning Docket
Morning Docket: 06.26.20
* A federal judge has dismissed a prisoner’s lawsuit asking for permission to marry Ivanka Trump. This guy might want to pursue President Trump’s other daughter, since it seems like he could use a lawyer. [CBS News]
* A Wyoming attorney has been censured by a state bar for failing to file a bankruptcy petition 11 months after being instructed by a client to do so. [Bloomberg Law]
* The Trump family has lost a court battle to halt the publication of a tell-all book written by President Trump’s niece. [CNBC ]
* President Trump’s pick to head the U.S. Attorney’s office in Manhattan has said that he would not necessarily recuse himself from probes involving the president’s associates. [Washington Post]
* An Assistant U.S. Attorney is suing the NYPD for wrongful arrest. These officers messed with the wrong person. [New York Post]
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Biglaw
The Biglaw Firm That's Raking In The Big Bucks Thanks To The Pandemic
The firm has taken in almost $100 million from its bankruptcy work. -
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Finance
Biden Tanked Student Loan Debt Discharges For Finance Industry While Complaining About His Own Law School Debt, If It Matters
Whatever Biden does with student loans in the future, it’s going to be a hell of a lot better than what Trump has done and will continue to do over the next four years if he’s reelected. -
Biglaw
What Will This Recession Mean For Biglaw?
Three predictions about how the economic downturn will affect major law firms. -
Law Schools
Bankruptcy Judge Discharges Law School Loans -- Brief Moment Of Sanity Before Appeal
Common sense finally -- and probably temporarily -- prevails.
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Biglaw
The Next Recession Is Almost Here, And Biglaw Firms Are Trying To Get Ready
Perhaps better business preparation is the key to avoiding large layoffs. -
Small Law Firms
Old Woman Stays Active By Trying To Gun Down Her Lawyer
This Golden Girls reboot is going to be intense! -
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Morning Docket
Morning Docket: 10.01.19
* IP professors swear IP cases are going to be interesting this time. Of course they say that… it’s their trademark response. [National Law Journal]
* Chris Collins resigns from Congress in advance of pleading guilty to abusing his board position. [Law360]
* California has fired the first, serious shots at the NCAA’s student-exploitation model. Where do we go from here? [Sports Illustrated]
* Forever 21 enters Chapter 11, learning exactly what 32 feels like. [USA Today]
* Law firm merger market remains relatively quiet. [American Lawyer]
* Companies hiring GCs increasingly consider candidates based on potential to move into executive leadership someday. [Corporate Counsel]
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Morning Docket
Morning Docket: 09.04.19
* Just in case no one saw this one coming, LeClairRyan has filed for bankruptcy. The firm owes $15 million to two secured creditors. [American Lawyer]
* Like it or not, the next recession is coming: Some law firms will struggle more than others, and “once this party ends, its going to end very quickly and it’s going to end very severely.” [Big Law Business]
* What’s wrong with the bar exam? This is what the National Conference of Bar Examiners’ Testing Task Force is taking its sweet time trying to figure out. [Law.com]
* Law school classes come in all sizes, but you may want to think about how yours will affect the attention you’ll receive, your social life, your networking opportunities, and most importantly, your ranking. [Law Admissions Lowdown / U.S. News]
* Thank u, next? Pop star Ariana Grande has filed a $10 million lawsuit against Forever 21 after the store allegedly hired a look-alike model for a social media campaign, rather than Grande herself. [THR, Esq. / Hollywood Reporter]