Bankruptcy

  • gunmen swat team University of Texas

    Bankruptcy, Crime, General Counsel, In-House Counsel, Non-Sequiturs, Rankings

    Non-Sequiturs: 08.04.14

    * Nothing demands a SWAT team like a 90-year-old woman. [Lowering the Bar]

    * Not so much legal, but here’s Princeton Review’s ranking of the best and worst colleges. If you’re looking for hard liquor, head to Iowa City. [TaxProf Blog]

    * Dewey know what Al Togut’s going to say about law firm bankruptcies. Yeah, I know, but we’re just going to keep riding this pun. [Forbes]

    * Corruption in New Orleans? Hold on, I need a second to let this sink in. [The Times-Picayune]

    * Be sure to come by on Wednesday to hear from a panel of general counsel about the transition to in-house work. [Above the Law]

    * The CFPB is cracking down on debt-collecting law firms. So if you’re a bottom-feeder, the government is coming for you. [Gawker]

    1 Comment / / Aug 4, 2014 at 5:02 PM
  • Image via Getty

    2nd Circuit, 9/11, Bankruptcy, Basketball, Biglaw, Deaths, Gay Marriage, Howrey LLP, Lateral Moves, Law Professors, Marijuana, Money, Morning Docket, Religion, Weddings

    Morning Docket: 07.29.14

    * The Second Circuit ruled that the World Trade Center Cross may remain on display in the September 11 Memorial and Museum. Apologies, atheists, but it’s a “genuine historical artifact.” [New York Daily News]

    * Howrey going to get money back when judges keep tossing unfinished business claims like they’re yesterday’s trash? We’ll see if such claims will be laid to rest after a hearing later today. [Am Law Daily]

    * Paul Weiss had a good get this week, with Citigroup’s deputy general counsel leaving the bank to join the firm — which coincidentally has served as the bank’s outside counsel for two decades. [WSJ Law Blog]

    * North Carolina, a state that adopted a ban on same-sex marriage in 2012, said it will no longer defend its law in the wake of the Fourth Circuit’s ruling as to a similar ban in Virginia. Hooray! [Los Angeles Times]

    * If you missed it, a judge issued a preliminary ruling against Donald Sterling, meaning that the sale of the L.A. Clippers may proceed. Don’t worry, his attorney says this is just “one stage of a long war.” [CNN]

    * It seems that “weed-infused weddings” are a hot commodity in states where the drug has been legalized. Sorry, it may be better than an open bar, but it doesn’t seem like a very classy thing to do. [Boston.com]

    * Cheryl Hanna, Vermont Law School professor and praised legal analyst, RIP. [Burlington Free Press]

    2 Comments / / Jul 29, 2014 at 8:23 AM
  • Joe Francis

    Bankruptcy, Basketball, Biglaw, Cars, Death Penalty, Partner Issues, SCOTUS, Supreme Court, Texas

    Morning Docket: 07.24.14

    * The day after the Supreme Court lifted a stay on Joseph Wood’s execution, it took nearly two hours for Arizona authorities to kill him using the very drug cocktail he contested on appeal. [New York Times]

    * So long, farewell, auf wiedersehen, adieu: Spencer Barasch, the lawyer at the center of some blowback due to his dealings with Ponzi schemer R. Allen Stanford, is now leaving Andrews Kurth. [Am Law Daily]

    * A dead body was found inside of this West Texas law firm, and the man who was pegged as a suspect claimed he lived at the firm, along with his recently deceased friend. This seems sketchy. [KCBD 11]

    * Suffolk Law is hosting a contest where students, coders, and entrepreneurs will try to figure out a way to hack the justice gap. Start by creating an app to help new lawyers earn a living wage. [BostInno]

    * Donald Sterling isn’t going to let the fact that he’s already involved in one contentious lawsuit about the L.A. Clippers stop him from filing another contentious lawsuit about the L.A. Clippers. [Bloomberg]

    * Joe Francis of Girls Gone Wild infamy is in some trouble with the law. He just got hit with a $5,000 per day fine until he returns two luxury cars to the pornography company’s bankruptcy estate. [WSJ Law Blog]

    2 Comments / / Jul 24, 2014 at 9:03 AM
  • Kid Rock

    Bankruptcy, Biglaw, Celebrities, Dewey & LeBoeuf, Drugs, Facebook, Gay, Labor / Employment, Marijuana, Morning Docket

    Morning Docket: 07.23.14

    * Yesterday afternoon, two of D&L’s former executives quietly settled a clawback suit filed by Alan Jacobs, the firm’s bankruptcy trustee. Dewey know how much Messrs. Sanders and DiCarmine had to pay the piper? [WSJ Law Blog]

    * GrayRobinson is the latest firm to hop aboard the medical marijuana bandwagon by launching its own regulated products practice group. Lawyers will soon puff, puff, pass around those lovely billable hours. [Daily Business Review]

    * Pain at the pump apparently extends to this gas giant’s résumé dumps. A suit alleging bias in ExxonMobil’s hiring moves forward thanks to the Illinois Human Rights Commission. [Washington Blade]

    * Facebook’s founder Mark Zuckerberg will be testifying against Paul Ceglia in court to prove that the alleged huckster faked a contract that claimed he owned more than half the company. Like. [Bloomberg]

    * It seems that Kid Rock has been subpoenaed over a glass sex toy that was supposedly given to him by a former Insane Clown Posse employee. Kid Rock is probably thrilled to be in the news again. [MLive.com]

    1 Comment / / Jul 23, 2014 at 9:01 AM
  • student-loan-debt

    Bankruptcy, Biglaw, California, Death Penalty, Federal Judges, Gay Marriage, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, State Judges, Student Loans, Supreme Court

    Morning Docket: 07.18.14

    * Now that a federal judge has classified California’s death penalty as unconstitutional, it’s only a matter of time before the issue reaches the Supreme Court. We have a feeling the justices will likely roll their eyes. [National Law Journal]

    * Word on the street is that Bingham McCutchen has got the urge to merge, and has apparently spoken to a handful of potential partners over the course of the past three months. We’ll have more on these developments later. [Reuters]

    * As it turns out, it was neither Wachtell Lipton nor Jenner & Block that managed to snag the coveted GM litigation oversight job. Nice work, Quinn Emanuel — you’re considered a “well-respected outside law firm.” [WSJ Law Blog]

    * Congrats, Flori-duh, you did something right. A state court judge has ruled that Florida’s ban on gay marriage violated the U.S. Constitution in the latest post-Windsor victory for equality. Yay! [Bloomberg]

    * Thanks to their hundreds of thousands of dollars in law school debt, many graduates are considering declaring bankruptcy. Too bad most won’t be able to get their loans discharged. [Connecticut Law Tribune]

    6 Comments / / Jul 18, 2014 at 9:03 AM
  • Teresa Giudice

    Bankruptcy, Basketball, Biglaw, Celebrities, Crime, Dewey & LeBoeuf, Morning Docket

    Morning Docket: 07.14.14

    * Dewey think Joel Sanders and Steve DiCarmine, former head honchos of the failed firm D&L, have a friend in the District Attorney’s office? Even their opponents in their criminal case want their civil case stayed. [WSJ Law Blog]

    * “They’re literally dancing in the streets in Cleveland.” Frederick Nance, Cleveland-based regional managing partner of Squire Patton Boggs and lawyer to King LeBron, couldn’t be more thrilled that his client is returning to the Cleveland Cavaliers. Hooray for hometown billables. [Am Law Daily]

    * Tracy Morgan filed a lawsuit against Walmart over the fatal car wreck that killed his friend and left him with numerous broken bones. We suppose his injuries will prevent him from getting girls pregnant. [CNN]

    * The NYLS grad who founded an imperiled cupcakery dropped enough Crumbs to lead investors to her rescue. Now the bakeshop has enough cash to make it through bankruptcy. [DealBook / New York Times]

    * Fabulicious? Teresa Giudice, the Real Housewife of New Jersey who pleaded guilty to fraud charges last year, is awaiting sentencing of up to 27 months, but isn’t sure she regrets what she did. [New York Post]

    3 Comments / / Jul 14, 2014 at 9:00 AM
  • Aggressive businessman with boxing gloves

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Insider Trading, Law Schools, Morning Docket, Murder, S.D.N.Y., State Judges Are Clowns

    Morning Docket: 07.09.14

    * Alan Jacobs, Dewey’s bankruptcy trustee, says his clawback suit shouldn’t be stayed during the defendants’ criminal cases — after all, he doesn’t want their assets to dry up while they “scramble to defend themselves.” [New York Law Journal]

    * Rengan Rajaratnam, Raj Rajaratnam’s little brother, was acquitted in his insider trading conspiracy case. It’s the first defeat in Preet Bharara’s financial crackdown against hedge funds. Tough break, dude. [DealBook / New York Times]

    * Sore loser? Andrew J. Weinstock, the public defender who got into a fight with Judge John “I’ll Just Beat Your Ass” Murphy, resigned from his position in protest of the judge’s return to the bench. [WSJ Law Blog]

    * There are many things nontraditional applicants should ask before going to law school, including, but not limited to, whether they’ll ever be able to find employment after graduation. [U.S. News & World Report]

    * Oscar Pistorius’s attorney closed his defense of his client in the ongoing murder trial, and Judge Thokozile Masipa has adjourned all arguments in the controversial case until next month. [Bloomberg]

    4 Comments / / Jul 9, 2014 at 9:05 AM
  • 220px-NYSCourtofAppeals1

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Election Law, FTC, Legal Ethics, Morning Docket, Sexual Harassment, White-Collar Crime

    Morning Docket: 07.02.14

    * The New York Court of Appeals put the hurt on defunct firms seeking unfinished business fees from former partners who left for greener pastures. Sorry, I didn’t follow ATL protocol: “Dewey think firms should collect unfinished business fees?” [Wall Street Journal Law Blog]

    * We reported on the Tinder lawsuit yesterday. Here’s a collection of all the messed up texts involved. [Valleywag]

    * Facebook’s lawyer is now calling the emotional manipulation study it recently conducted “customer service.” Dear Internet: Despite all your rage, you’re still just rats in a cage. [The Atlantic]

    * So if you’re studying for the MPRE, blow jobs aren’t the preferred legal fee. [Legal Profession Blog]

    * How did your last cell phone bill look? Because the FTC says T-Mobile knowingly added hundreds of millions of charges on. At least that girl in pink was cute, huh? [USA Today]

    * BNP Paribas is confident it can pay its record fine. [Dealbook / New York Times]

    * Meanwhile, Putin accused the U.S. of trying to use the BNP fine to blackmail France into turning its back on Russia. Because conspiracy theories are awesome. [Bloomberg]

    * Lawsuit filed because right-wingers totally miffed that black people voted for a Republican. [Sun Herald (Mississippi)]

    / Jul 2, 2014 at 9:06 AM
  • angry lawyer-RF

    Bankruptcy, Biglaw, Intellectual Property, Trademarks

    Biglaw Firm Throws Even Bigger Hissy Fit

    Biglaw firm is just now learning about the Streisand Effect — sometimes it pays to keep your mouth shut.

    16 Comments / / Jun 20, 2014 at 2:49 PM
  • Plunging into Bankruptcy - Financial Speedometer

    Cars

    Bankruptcy Continues To Help GM

    Like a GM automobile, claims against the company arising from its faulty ignition switches might unexpectedly stop working. While GM is talking a big game about compensating those who suffered damages due to the company’s defective cars, GM’s definition of “damages” is cleverly designed to save the company billions. As you might remember, GM filed […]

    14 Comments / / Jun 16, 2014 at 4:05 PM
  • Police crime scene

    American Bar Association / ABA, Anthony Kennedy, Bankruptcy, Biglaw, Dewey & LeBoeuf, Jury Duty, Law Schools, Layoffs, Morning Docket, Murder, Real Estate, SCOTUS, Supreme Court

    Morning Docket: 06.13.14

    * The SCOTUS decision in the Pom Wonderful case could have serious repercussions in terms of deceptive labeling litigation under the Lanham Act. Even Justice Kennedy was misled! [Huffington Post]

    * Dewey know when to WARN people? This failed firm apparently didn’t, and now it has to pay a $4.5 million class-action settlement to the employees it laid off without adequate notice. [WSJ Law Blog]

    * After getting bumped out of the Am Law 100 after a 17-year run, Shook Hardy & Bacon is letting go of three floors of office space it “no longer needs.” Secretaries Paper takes up a lot of room! [Am Law Daily]

    * Minutes after this career criminal was released from jail due to his accidental acquittal, he was stabbed to death with a steak knife. But for the jury’s crazy mistake, he would still be alive. Yikes. [Fresno Bee]

    * LMU’s Duncan Law, perhaps better known as the little law school that couldn’t, is still trying to get ABA accreditation. At least this time they’ll be able to use law schools’ national decline as a scapegoat. [WBIR]

    1 Comment / / Jun 13, 2014 at 9:08 AM
  • ArrowGoingDown

    Bankruptcy, Biglaw, Divorce Train Wrecks, Heller Ehrman, Law Schools, Money, Morning Docket, Partner Issues, Partner Profits

    Morning Docket: 06.12.14

    * In defense of its PPP metric, the editor-in-chief of the American Lawyer revealed a shocking statistic about Dentons: the firm’s PPP was likely down about 20 percent year over year. [Am Law Daily]

    * A judge dismissed many of defunct firm Heller Erhman’s remaining unfinished business claims in the case against its former partners. Dewey know some partners who are thrilled? [WSJ Law Blog]

    * From 2012 to 2013, NLJ 350 firms saw the rise of “other” attorneys — staff attorneys, of counsel, and lawyers who were neither associates nor partners. We’re living in lean times. [National Law Journal]

    * “No one predicted there would be this kind of huge drop in applications.” Apparently law school deans thought prospective students would be thrilled about their lack of job prospects. [Hartford Business Journal]

    * Shelly Sterling has asked a judge to rule that she can sell the Los Angeles Clippers over her husband Donald Sterling’s protests. We’re very eagerly awaiting their impending divorce train wreck. [Bloomberg]

    3 Comments / / Jun 12, 2014 at 9:22 AM
  • pretty pot

    Bankruptcy, Biglaw, California, Constitutional Law, Contract Attorneys, Dewey & LeBoeuf, Document Review, Drugs, Education / Schools, Marijuana, Morning Docket, Partner Issues

    Morning Docket: 06.11.14

    * This failed firm’s drama is the Biglaw gift that keeps on giving: Dewey & LeBoeuf’s bankruptcy trustee filed an amended complaint against Steve DiCarmine and Joel Sanders seeking the return of more than $21.8 million. [WSJ Law Blog]

    * Norton Rose Fulbright elected someone who “love, love, love[s] the law firm” as U.S. managing partner, and she’s the first woman to ever serve as U.S. chair of its management committee. We love, love, love this news! [National Law Journal]

    * According to a California judge, tenure laws are unconstitutional and are depriving students of the high quality of education they deserve. The end is nigh, law professors. Enjoy it while it lasts. [New York Times]

    * Not all states have legalized the recreational use of marijuana, but it’d be a lot cooler if they did. The tide is turning across the United States, and we’ll soon see which states’ drug laws go up in smoke. [Slate]

    * “Document review attorneys are in demand now but the demand will gradually decrease.” Sorry to be the bearer of bad news, but the one job you were able to get soon won’t need or want you. [InsideCounsel]

    9 Comments / / Jun 11, 2014 at 9:11 AM
  • Would you wear these to court?

    Bankruptcy, Fashion, Federal Judges, Jury Duty, Law Schools, Minority Issues, Morning Docket, Sports, Video games

    Morning Docket: 06.10.14

    * Hmm, somebody didn’t review those documents quickly enough: the City of Detroit’s bankruptcy trial has been delayed for about a month’s time by Judge Steven Rhodes because the parties needed additional time to get their acts together. [Bloomberg]

    * The NCAA may have lost the battle in the Keller EA Sports video games case with its $20 million settlement offer, but it’s clearly out for blood to win the war in the O’Bannon case with its tough cross-examination tactics for the lead plaintiff. [USA Today]

    * GW Law, a school that recently increased its class size by 22 percent and allowed its average LSAT score to slip by two points, yoinked its new dean right out from under Wake Forest’s nose. [GW Hatchet]

    * The legal profession isn’t exactly diverse, and law schools want to change that — the more pictures of “diverse” students they can display on their websites, the better. [Law Admissions Lowdown / U.S. News]

    * Who really cares what prospective jurors wear when they show up for jury duty? The lawyers arguing that being turned away for wearing sneakers affected their clients’ rights in a case, that’s who. [WSJ Law Blog]

    0 Comments / / Jun 10, 2014 at 9:11 AM
  • Divorce Fight

    Bankruptcy, Biglaw, Divorce Train Wrecks, Family Law, Money, Partner Issues, Partner Profits

    A Messy Divorce Offers An Inside Look At Biglaw Partner Pay

    Divorce litigation reveals the partner pay structure at one leading law firm.

    12 Comments / / May 30, 2014 at 10:53 AM
  • Mindy Kaling

    Bankruptcy, Biglaw, Celebrities, Commencement, Federal Judges, Law Schools, Morning Docket, Partner Issues

    Morning Docket: 05.29.14

    * Barnes & Thornburg’s managing partner is planning to step down after almost two decades in the firm’s top leadership role. His tenure ends on a high note: 2013′s gross revenue was up by 12% and PPP was up by 8.2%. [Am Law Daily]

    * “To terminate Jones Day at that point is an incredibly bad idea. I hope the mayor hears me.” Judge Steven Rhodes politely called Detroit’s mayor a moron after the city official declared he’d fire Jones Day in September. [Detroit Free Press]

    * “When you’re giving anything to a judge, you try to be careful about it.” In 2012, law schools paid federal judges almost $2M to teach and lecture. A useful way to spend tuition dollars? [National Law Journal]

    * San Diego Law School, a branch of San Francisco Law School, is open for business. It’s being marketed as a “fresh start” — if you failed out at another law school, come join the party here! [Daily Transcript]

    * If you weren’t aware, Mindy Kaling gave a commencement speech at Harvard Law this week. She praised the graduates’ dedication to tedium, and kindly reminded some that they were evil. [Boston.com]

    4 Comments / / May 29, 2014 at 9:04 AM
  • buff jill

    Bankruptcy, Biglaw, Dewey & LeBoeuf, Federal Judges, Football, Labor / Employment, Morning Docket, Native Americans, Partner Issues

    Morning Docket: 05.16.14

    * Congrats to Diane Humetewa, the first Native American woman to serve as a federal judge in United States history. You’d think this achievement would’ve already been reached. [Arizona Daily Star]

    * When your case is compared to a law school exam, and the judge uses the number “bazillion” to describe the problems that could happen, it sucks to be you, Detroit. [DealBook / New York Times]

    * Dewey know when this failed firm actually went belly up? It’s liquidating trustee says D&L was insolvent in 2009, and wants $22.5 million from ex-international partners in his latest clawback suits. [Am Law Daily]

    * The managing partner of Seyfarth Shaw refers to his firm as the “Costco of corporate legal services” because it’s a place where you can “get more for less.” What’s the membership fee? [Chicago Tribune]

    * The Buffalo Bills filed a motion to dismiss the wage and hour suit put forth by the disgruntled members of its cheerleading squad, the Buffalo Jills. You better hope that motion survives the “jiggle test.” [CBS Sports]

    0 Comments / / May 16, 2014 at 9:08 AM
  • Oscar Pistorius

    Bankruptcy, Biglaw, Document Review, LSAT, Lunacy, Money, Morning Docket, State Judges

    Morning Docket: 05.13.14

    * Lawyers for Jones Day got a light spanking in court after sending out some of Detroit’s confidential negotiation documents to its creditors. Quick, blame the doc reviewers. Oh wait, you already did. Nice work. [WSJ Law Blog]

    * Cynthia Brim, the judge declared “legally insane” who collected a $182K salary for months without working, was booted from the Illinois bench. She’s the first member of the state judiciary to be removed in a decade. [Chicago Tribune]

    * Massachusetts is instituting a $30,000 pay hike for state judges which will prime the pump for pension bumps and retirements. For the love of God, think of the poor ADAs next time, Massholes. [Boston Globe]

    * The power of diagramming compels you! If you’re studying for the LSAT, here are tricks you can use when trying to exorcise the demons from the logic games section. [Law Admissions Lowdown / U.S. News]

    * Prosecutors want Oscar Pistorius to undergo a psychiatric evaluation in order to urge the court to consider an insanity defense, even though Bladerunner’s legal team doesn’t intend to mount one. [CNN]

    5 Comments / / May 13, 2014 at 9:09 AM