* With sagging enrollment and disappointing job statistics, offering students some tuition reimbursement if they’re still unemployed nine months after graduation is a great way to put asses in seats. We’ll have more to say about this news later today. [New York Times]
* Testimony in the Dewey & LeBoeuf criminal trial got a little more interesting when jurors learned that the plan to cook the firm’s books to the tune of more than $50 million was hatched after a pricey steak dinner at Del Frisco’s. Don’t all evil Biglaw plans come together after an expensive steak dinner? [DealBook / New York Times]
* These people just won the criminal justice reform lottery: In case you missed it, President Barack Obama commuted the sentenced of 46 nonviolent drug offenders in order to shine a light on punishments that didn’t fit the crimes committed. [POLITICO]
* Pay close attention to this information, gunners, because it probably applies to you. Per a new study conducted by two Colorado Law professors, LSAT scores are an “overvalued predictor” of future law school grades and résumé builders don’t matter. [WSJ Law Blog]
* Osvaldo Miranda Diaz, the lawyer who called Cuba’s criminal justice system “disgusting” during a presentation he gave to visiting U.S. lawyers, secured a full ride for Duke Law’s LLM program thanks to one of his audience members. Congrats! [Daily Business Review]
What are the latest allegations about Zachary Warren, the handsome and high-powered young lawyer facing criminal charges in the Dewey & LeBoeuf fraud case?
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We’ve got info on those who squealed to law enforcement…
* Matt Levine describes how Dewey & LeBoeuf LLP should have taken a lesson from its clients and not used email so much while discussing possible frauds. [Bloomberg View] * Should we be paying law student externs? Well, yeah, we should. That’s also the conclusion of Jay Edelson and Chandler Givens. [Legal Solutions Blog / […]
* 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]
* 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]
Dewey & LeBoeuf continues to hemorrhage talent, all around the world. Who is going where?