I mean suing the bejeezus out of Goldman Sachs. And likely a number of other high-profile financial players.
Not over something mundane like the whole “taking part in collapsing the global economy” thing. That’s been discussed to death. I’m talking about something much more concrete and, apparently, easy to establish.
People sometimes derisively call bankers pirates, but it turns out they may be right. Software pirates, at least.
In this month’s issue of Vanity Fair, Michael Lewis looks at the prosecution of former Goldman Sachs programmer Sergey Aleynikov. In addition to detailing the outsized influence large banks have over the justice system and the ease with which the system can break down when the facts of a case are too complex for lay jurors, Lewis uncovers a small nugget that he doesn’t really pursue, but that could be trouble for Wall Street….
* Ben Weiss suggests that the third year of law school be replaced by special certifications in practice areas. He calls these “O’Wendells.” I like the idea, but the name sounds dirty. If he really wants to keep with the SCOTUS theme, he could just call it a “Bushrod.” [St. Louis Post-Dispatch]
* A guide to the legal landscape surrounding high-frequency trading (the new fad of super-fast, computer-driven trading algorithms swapping stocks in split-seconds). Good, because I like my trading like I like my women: capable of collapsing economic markets at any given notice. [New York Law Journal]
* In fairness to this judge accused of “inappropriate conduct” with an inmate, the Miami Correctional Facility is considered the most romantic correctional facility in America. [RTV6 ABC]
* Man suing a church and some of its staff after being invited to a service and then allegedly being accused of demonic possession and beaten. In fairness to the church, if the man was really the devil, filing a lawsuit is the most logical means of revenge he could employ. [Legal Juice]
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
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