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A Biglaw firm gets screwed...

* Dewey have some novel issues for our bankruptcy lawyers, or what? As we noted last night, now that D&L has filed for Chapter 11, they’ll have to deal with bank debt, and bondholders, and possible criminal proceedings, oh my! [New York Law Journal]

* And did we mention that Dewey’s defectors and their new firms might get screwed out of millions thanks to the recent Coudert decision? You really should’ve tried to finish up your business before the firm flopped. [WSJ Law Blog]

* Our SCOTUS justices’ summer plans don’t include debating the results of their landmark health care and immigration cases. They’ll be off to fabulous destinations to teach by the first week of July. [Associated Press]

* A federal judge in Brooklyn doesn’t like what seems to be happening in the “game of grams” when it comes to mandatory minimum drug sentencing. Perhaps the DOJ will heed his call for reform. [New York Times]

* Facebook’s IPO was an epic fail, but it’s been great business for plaintiffs lawyers. Twelve securities class action firms are gathering leads and getting ready to sue, and two have already sued. [National Law Journal]

* This wasn’t exactly well planned: if you’re involved in state politics, it’s probably not a good idea to fake a legal internship with a state representative so that you can graduate from law school. [Concord Monitor]

* In happier news, a New York Law School graduate walked across the stage to receive her diploma with the help of her seeing-eye dog. The pooch hasn’t lifted a leg on her law degree… yet. [New York Daily News]

... and so do folks down under.

* “Brothels are never going to be a vote winner.” But even so, if you’re looking to get it in down under, a plan to build Australia’s largest cathouse may soon gain approval if lawyers are able to do their work quick and dirty. [Bloomberg]

* Thanks to this case, stupid teenagers in New Jersey who send texts to others that they know are driving can now revel in the fact that they can’t be held liable for injuries that may occur thanks to careless driving. [New Jersey Law Journal]

Remember when this man had credibilty?

* Colin Powell continues his tradition of saying the right things only when he has no power to do anything about it. [CNN]

* A new poll shows Americans think it’s more “morally acceptable” to kill criminals than to love somebody of the same sex. After I saw that poll, I turned to Jesus and said, “Now your failure is complete.” [Atlantic]

* This strikes me as a pretty frank way of looking at bias in the LSAT. [LSAT Blog: Ace the LSAT]

* Kashmir Hill was on the Kojo show talking about the Dharun Ravi sentence. Sure, like she’s never been taped having a gay hook-up. [The Kojo Show]

* Black people who wear hoodies get shot to death, and white people who wear hoodies don’t live up to their IPO expectations. What a lovely post-racial world some people seem to be living in. [Dealbreaker]

* Here come the men in black. Won’t let you remember. Here come the… what are you doing? Decapitate him? Come on, he’s not an alien, you get that we just saw a movie, AAAAHHHHHHHH NOOOOOOO. [New York Daily News]

Facebook went public less than a week ago. But, not unexpectedly, a lot has happened in the few days since. As with many highly anticipated events (e.g., the Star Wars reboot and Barack Obama’s presidency) a lot of the reaction to Facebook’s IPO has been negative and filled with disappointment.

We’ve already got shareholder lawsuits against Facebook and the NASDAQ stock exchange, a privacy lawsuit settlement, and questions about how the IPO may have revealed broader problems about the way the system works. On the upside, the company’s GC, Ted Ullyot, has been making headlines in a more positive way, which is to say the dude is making mad bank for someone working in-house.

Let’s dig in….

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* When Dewey need to hire our own lawyers? Now would be good. As D&L leaders mull bankruptcy options, more than 50 former partners are expected to hire Mark Zauderer to defend them against potential clawback claims. [New York Law Journal]

* Day three of jury deliberations in the John Edwards campaign finance trial came and went without a verdict. The former presidential candidate must be wishing that he hadn’t came and went, because then there wouldn’t be a trial at all. [ABC News]

* Yet another law firm is walking away scot-free from the Dreier drama without losing a single dime. Ruskin Moscou Faltischek was able to get Fortress Investment Group’s case tossed on appeal. [Thomson Reuters News & Insight]

* A Facebook investor has sued NASDAQ, claiming that the stock exchange bungled the social networking site’s IPO. With FB’s stock price dropping as we speak, he’s seeking class-action status. Like. [Bloomberg]

* Nafissatou Diallo amended her civil suit against Dominique Strauss-Kahn to include a claim alleging his “animus towards women.” Really, she just wants to introduce evidence of DSK’s sordid sexual past. [Reuters]

Over the weekend, Twitter users received a lengthy email from the social media company providing details on significant changes to the company’s privacy policy and terms of service.

While Mark Zuckerberg was going public and getting married, the folks at Twitter made an unexpected endorsement of increasingly popular privacy protection technology

double red triangle arrows Continue reading “Are Social Media Companies Really Going to Start Endorsing Privacy Protections?”

In every single state, a wealthy person is better with a prenup. I cannot comprehend Zuckerberg marrying without one.

Garrett Dailey, a certified California family law specialist, commenting on the particulars of Facebook founder Mark Zuckerberg’s recent surprise marriage to Priscilla Chan.

Mr. and Mrs. Zuckerberg

* With more allegations of misconduct revealed, the Canadian Judicial Council met to discuss Justice Lori Douglas’s sex scandal inquiry. Unlike her legs in her nude picture spread, this media circus will likely close in July. [Winnipeg Free Press]

* “I want to apologize. Obviously, mistakes were made.” Admitting you’ve got a problem is just the first step. Greenberg Traurig’s executive director apologized for the Biglaw firm’s apparent screw-ups in a Rothstein-related trial. [Miami Herald]

* Blind Chinese dissident Chen Guangcheng will be enrolling at NYU Law School on a fellowship. The administration is giving him a ritzy faculty apartment that comes complete with a kitchen full of Chinese food. He already knows how to eat like a law student. [New York Times]

* Facebook is being sued in an amended consolidated class-action complaint for $15B over privacy issues, but Mark Zuckerberg was too busy getting married to Priscilla Chan to let it bother him. [Bloomberg]

* “What [the f**k] comes next?” That’s what law school grads asked themselves when their commencement speakers tried to slap on a happy face and speak positively about the job market. [Connecticut Law Tribune]

* But perhaps future law school grads will be able to find jobs more easily thanks to class offerings geared toward in-house counsel lawyering skills. Keep on dreaming that impossible dream. [Washington Post]

* How does a small-time DUI attorney from California go from being an unknown to being a household name overnight? By filing a lawsuit filled with tawdry allegations against actor John Travolta. [Los Angeles Times]

* This NYU Law professor’s apparent hypocrisy makes me want to chew on gravel. Seems like he has earned the digital tar and feathering he’s getting. [Inside the Law School Scam]

* So, Facebook went public today. The life of Facebook’s GC is about to change in big, big ways. [Corporate Counsel]

* The city of Boston filed a complaint against an attorney representing local firefighters for his allegedly offensive, sexist behavior at the negotiating table. How do ya like them misogynist apples? [Boston Globe]

* An allegedly intoxicated woman arrested for driving 90 miles an hour in a construction zone justified her speeding by saying she was late to her child’s birthday party. I imagine little Timmy was more upset that his mother not only missed the party but also spent his birthday in the slammer. [Legal Juice]

* Speaking of people you never want to see on the road, a Bay Area attorney was arrested today on suspicion of felony hit-and-run and manslaughter. Police say the attorney, who has two recent, unrelated speeding tickets, is suspected of striking and killing a bicyclist with his brand-new Mercedes. [San Francisco Chronicle]

* An argument as to why the United States, on a policy level, should become more “420 (and other illegal drug) friendly.” Most stoners might argue their case by saying, “Dude, just chill. Just chill bro.” But this is slightly more complex. [Volokh Conspiracy]

* Rob me once, shame on you; rob me twice, shame on me? Supreme Court Justice Stephen Breyer was robbed for a second time, but this time as the victim of a burglary on May 4. [Thomson Reuters News & Insight]

* Dewey know when this ship is finally going to capsize (so we can stop making these puns)? Two of D&L’s Hong Kong partners have decided to defect to DLA Piper, and more may be joining them soon. [Asian Lawyer]

* He might’ve been a “bad husband,” but that doesn’t mean he’s guilty. The jury in John Edwards’s campaign finance trial will begin deliberating today. Let’s see if they convict him of being more than an adulterer. [CNN]

* After his citizenship stunt, Eduardo Saverin can look forward to being defriended by the United States — not like that’s a bad thing, because to be honest, the movie version of him is much cuter. [New York Daily News]

* And this is why lawyers shouldn’t try to be funny. Safeway’s General Counsel, Robert Gordon, is being branded a sexist for telling a recycled joke about pigs and D.C.’s most powerful women. [Corporate Counsel]

* A three month suspension has been recommended for a former Treasury Department attorney who attempted to steal ties from Nordstrom. What, he couldn’t spring for a Neiman’s run? [National Law Journal]

* If you bought those stupid ass Skechers Shape-Up shoes in the hope that your booty would look like Kim Kardashian’s, you can get a piece of the $40M settlement. Not bitter, not at all. [Los Angeles Times]

For years now, the number of people suing in hopes of getting rich through some tenuous connection to Facebook’s early days has been longer than the line in front of Wal-Mart on Black Friday. And with Facebook’s rumored multibillion-dollar IPO possibly happening at the end of this week, the list of hopefuls is only getting longer.

This week, a magistrate judge in Massachusetts tossed out another one of these suits, filed by one of Mark Zuckerberg’s former classmates. This suit was a bit unusual, though. Instead of going after Facebook or Zuckerberg himself, the man used a roundabout strategy of suing the producers of The Social Network for “defamation by omission.”

Keep reading to learn more about Aaron Greenspan, the man who says he is just too damn important to have been left out of the Oscar-winning movie about Facebook…

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