Insider Trading

  • Now a dangerous weapon in Massachusetts.

    Biglaw, Canada, Food, Football, Gambling, Gambling / Gaming, Insider Trading, Lateral Moves, Law Schools, Morning Docket, Trials

    Morning Docket: 06.15.12

    * The first day of jury deliberations in the Rajat Gupta insider-trading case ended without a verdict. Benula Bensam’s boredom is epic — the poor girl can’t even blog about the trial anymore. [Bloomberg]

    * Baker & McKenzie is celebrating its 50th year in Toronto, Canada by handing out spring bonuses luring in lateral hires. Welcome aboard to Kent Beattie, formerly of Slavies Davies. [Globe and Mail]

    * You can run, you can hide, but you can’t escape Sandusky’s love. Alleged Victim No. 9 testified that he screamed for help in vain while staying in the former coach’s allegedly “soundproof” basement. [CNN]

    * It’s hard out here for a shoeshiner: Cooley Law grads suing their alma mater over allegedly misleading employment statistics may face an “uphill battle” when it comes to fraud allegations. [WSJ Law Blog]

    * The CEO of Caesars Entertainment has proclaimed that he has “tremendous confidence” that online poker will become legal in the near future. So much for keeping your poker face on that one, eh? [MSN Money]

    * Imagine my surprise when I found out that a yet another man in Springfield, MA, was arrested for assault and battery with a dangerous weapon. Here’s the surprise… the dangerous weapon was wasabi sauce. [TIME]

    2 Comments / / Jun 15, 2012 at 9:02 AM
  • free rent

    Football, Insider Trading, Jed Rakoff, Law Schools, Morning Docket, Paul Clement, Real Estate, SCOTUS, Supreme Court, Trials

    Morning Docket: 06.11.12

    * Have you ever wondered why Justice Clarence Thomas hasn’t spoken during oral arguments before SCOTUS in more than six years? It’s probably because he hates them so much that he thinks we should “do away” with them entirely. [Charlotte Observer]

    * Former Solicitor General Paul Clement, he of unparalleled oral advocacy skills, claims that there’s “no magic formula for time management” — but having a superior legal mind certainly helps the situation when preparing for argument. [Appellate Daily]

    * It’s “highly likely” that Rajat Gupta will won’t take the witness stand to testify in his own defense at his insider-trading trial. Query what Benula Bensam would have written to Judge Rakoff about that. [Los Angeles Times]

    * If you’re thinking of hopping on the “blame the ABA” bandwagon in defense of your employment statistics, think again. A federal judge rejected Cooley Law’s argument on that front last week. [National Law Journal]

    * Meanwhile, Cooley “isn’t interested in reducing the size of its entering class on the basis of the perceived benefit to society,” but at least ten other schools will be reducing class sizes. [Wall Street Journal (sub. req.)]

    * A judge denied Jerry Sandusky’s motion to dismiss the charges against him. The former football coach clearly needed 1-800-REALITY check if he seriously thought that his request was going to be granted. [CNN]

    * If you’re planning on living rent-free in New York City for almost a decade, make sure you’re doing it in a building that isn’t up to code. You’ll never be evicted thanks to this Court of Appeals ruling. [New York Times]

    3 Comments / / Jun 11, 2012 at 9:06 AM
  • QE's Kathleen Sullivan as Lawyer Barbie

    9th Circuit, Bankruptcy, Baseball, Biglaw, Billable Hours, Brown Rudnick, California, Copyright, Dewey & LeBoeuf, Football, Gay Marriage, Health Care / Medicine, Insider Trading, Kasowitz Benson, Kathleen Sullivan, Morning Docket

    Morning Docket: 06.05.12

    * Dewey know the firms that have been tapped to represent the groups that this failed firm owes money to? Yes, we do! Brown Rudnick for the unsecured creditors’ committee, and Kasowitz Benson for the former D&L partners. [Am Law Daily (sub. req.)]

    * The Ninth Circuit is supposed to be issuing an order today regarding an en banc reconsideration request on the Prop 8 case. They really ought to slap a big fat denial on that motherf’er and call it a day so we get some SCOTUS action. [Poliglot / Metro Weekly]

    * Matthew Kluger, most recently of Fried Frank, has been sentenced to 12 years in prison, which is the longest sentence that anyone’s ever received in an insider trading case. Uh yeah, he’ll definitely be appealing. [Wall Street Journal (sub. req.)]

    * Hughes Hubbard & Reed has billed more than $17M in the first four months of its work on MF Global’s unwinding. Will the firm will be handing out spring “special” bonuses like they did last year? [Reuters]

    * Mattel is appealing MGA’s $310M copyright award, claiming that the judgment was based on “erroneous billing invoices.” Don’t you call my billable hours into question, Kathleen Sullivan. [National Law Journal]

    * Jerry Sandusky’s accusers will be named in court thanks to this judge’s ruling. But don’t worry — there’s no tweeting, texting, or emailing allowed in his courtroom. Like that’ll make a difference. [Legal Intelligencer]

    * Trust me, I’m a lawyer: a disbarred Colorado attorney somehow managed to scam a convicted con artist out of more than $1 million. Now that’s some pretty sweet karmic intervention for you. [Missouri Lawyers Media]

    * A bus driver is suing a hospital because he claims that instead of treating his painful erection, the staff watched a baseball game on TV. Whatever, that was a really great Yankees game. [Associated Press]

    2 Comments / / Jun 5, 2012 at 9:03 AM
  • All rise for the Honorable Judge Fiddy

    Bloomberg, Fat People, Insider Trading, Non-Sequiturs, Summer Associates, Wal-Mart

    Non-Sequiturs: 05.31.2012

    * For everyone who’s ever wondered, “I’m an attorney, but I also love playing lacrosse. Where can I enjoy my dual passions?” Well, here’s your answer. [Wall Street Journal]

    * More analysis of today’s DOMA smack down. [Leonard Link]

    * Still speaking about DOMA, check out these interesting similarities between Judge Michael Boudin, who wrote the court’s DOMA opinion, and 50 Cent. (Spoiler: they’ve both been shot a gazillion times, duuuh.) [Think Progress]

    * How do you turn your summer associateship into a full-time offer? I might suggest presents, nepotism, or, ahem, “favors.” Or for more traditional folks, I suppose you could take this “practical” advice. [The Careerist]

    * What can business executives learn from Wal-Mart? That having holiday sales so huge people are willing to die to be there might not be such a terrible idea? [Harvard Business Review]

    * What happens when the pool of college graduates dries up in a metropolitan area? Kitten starvation, ice storms, and zombies. [New York Times]

    * On a policy level, this maybe isn’t a great idea. And I realize I might sound like a hypocrite. But, honestly, if sodas were banned, I would be really upset for like 20 minutes, and then I would just go on a crazy 20-year coconut water binge. [New York Times]

    After the jump, check out Bloomberg Law’s interview with the judge from Raj Rajaratnam’s insider trading case…

    2 Comments / / May 31, 2012 at 5:53 PM
  • Prostitution2

    Bail, Fashion, Fashion Is Fun, Fast Food, Food, Insider Trading, Intellectual Property, Morning Docket, Pornography, Prostitution, Trademarks

    Morning Docket: 04.20.12

    * George Zimmerman will appear before Judge Kenneth Lester Jr. today to request bail. What kind of evidence will the prosecutor have to present for bond to be denied? [Miami Herald]

    * Should prostitution be legalized? 70% of our readers think it should be (and not just because it’d mean they’d be employed nine months after graduation). But let’s get some more input from others on this topic. [Room for Debate / New York Times]

    * “Bring me Solo and the Wookiee. They will all suffer for this outrage.” Rajabba the Hut seems to have had a second Goldman Sachs tipper. Say hello to Rajat Gupta, who has pleaded not guilty. [Bloomberg]

    * Counsel in the Gucci v. Guess trademark case wrapped up their closing arguments in court yesterday. It’s generally not a good thing when the judge interrupts you to question your late filing. [Businessweek]

    * Uh, apparently there’s a legal battle concerning intellectual property having to do with a Three Stooges porn parody. I personally shudder to think of how Curly is portrayed. [Hollywood, Esq. / Hollywood Reporter]

    * After taking a blow from that fake beef lawsuit, Taco Bell’s sales are up thanks to its Doritos taco. Because getting your fingers covered in orange crap totally makes up for the “taco meat filling.” [Washington Post]

    3 Comments / / Apr 20, 2012 at 9:11 AM
  • Now this is a radical nun.

    Education / Schools, Insider Trading, Law Revue, Law Revue Video Contest, Non-Sequiturs, Religion, Technology

    Non-Sequiturs: 04.19.12

    * In America, secret agents drive awesome spy cars. In Soviet Russia, awesome cars spy on you. Actually, cars spy on Americans, too. [Not so Private Parts/Forbes]

    * An accused inside trader used his ill-gotten gains to buy a jet, four houses, and an island help the homeless. The government is still prosecuting him. Sir, with all due respect, you are doing it wrong. [Dealbreaker]

    * The Vatican is going to crack down on radical nuns. I can’t even think of a good joke because radical and nun so obviously don’t belong in the same sentence. Unless you’re having some sort of nun surfing contest and the Mother Superior catches a really sick wave. [BBC News]

    * I frequently get upset with schools that punish students too quickly and harshly for relative nonissues. But hacking into the school attendance system and “selling” absences — yeah, that’s probably not okay. [Bay Citizen]

    * Let me explain to you how this works: you see, the corporations finance the law firms, and then the law schools go out… and the corporations sit there in their… in their corporation buildings, and… and, and see, they’re all corporation-y… and they make money… Matt Damon! [Centre Daily]

    * Don’t forget to vote for your favorite ATL Law Revue entry. Also, tune in tomorrow to see our picks for honorable mention. [Above the Law]

    13 Comments / / Apr 19, 2012 at 6:00 PM
  • Peep

    Cars, Contests, Insider Trading, John Yoo, Non-Sequiturs, State Judges

    Non-Sequiturs: 03.13.12

    * A photoshopped image that liberals will love: John Yoo as Dirty Harry. [Ricochet] * Lawyers are people too. They get scared, and sometimes they suffer bad car wrecks. Unfortunately, sometimes, to be able to see life from the client’s eyes, it takes understanding in a car crash. [Stephen Hoffman] * Fix-it ticket, fixing a […]

    6 Comments / / Mar 13, 2012 at 5:08 PM
  • Associate Bonus Watch 2011, Biglaw, Bonuses, Crime, Insider Trading, Money, White-Collar Crime

    Associate Bonus Watch: Fried Frank Announces Bonuses ‘Up to $52,500′

    Here’s a Fried Frank bonus for you: Matthew Kluger, the former Fried Frank associate who sued the firm for alleged discrimination, is going to prison. As you may recall, Kluger — who also worked as an associate at other top law firms, including Cravath, Skadden, and Wilson Sonsini — was charged in a massive insider […]

    10 Comments / / Dec 21, 2011 at 3:18 PM
  • Attorney Misconduct, Drinking, Insider Trading, Law Schools, Legal Ethics, Morning Docket, Prostitution, Sentencing Law

    Morning Docket: 12.02.11

    * Three days after arguing that an alleged Sandusky victim’s lawsuit lacked any factual basis, Second Mile decided to settle. Better strike while the iron is hot (and the wallet is open), lawyers. [Bloomberg] * So much for that “real shot,” huh? After a failed bid for bail, Galleon Group’s Raj Rajaratnam will begin serving […]

    13 Comments / / Dec 2, 2011 at 9:05 AM
  • Football, Insider Trading, Morning Docket, Nude Dancing, Student Loans

    Morning Docket: 12.01.11

    * Time to separate the men from the boys (but don’t tell Sandusky). An accuser has hired Jeff Anderson of clergy sex abuse fame, and he wants damages. [Wall Street Journal] * RajRaj is trying to stay out of jail. He thinks he’s got a shot at getting his Galleon convictions vacated, but he’s probably […]

    14 Comments / / Dec 1, 2011 at 9:28 AM
  • Blogging, Constitutional Law, Fat People, Food, Insider Trading, Law Schools, Media and Journalism, Money, Morning Docket, Pro Bono, Violence

    Morning Docket: 11.16.11

    * One of the reasons that members of Congress are so filthy rich is because they’re only technically breaking the law, but Scott Brown wants to try to curb Congressional “insider trading.” [CBS News] * In other Congressional news, pizza is now considered a vegetable. And fat people the world over rejoiced by stuffing their […]

    20 Comments / / Nov 16, 2011 at 9:07 AM
  • Abortion, Bankruptcy, Biglaw, Constitutional Law, Dewey & LeBoeuf, Health Care / Medicine, Insider Trading, Lindsay Lohan, Money, Morning Docket, SCOTUS, Securities and Exchange Commission, Supreme Court

    Morning Docket: 11.09.11

    * Yet another appeals court has has ruled that Obamacare is constitutional. Aww, can’t we wait for the other side to catch up a little before it goes to the Supreme Court? [Wall Street Journal] * How did it go for this controversial ballot initiative? As it turns out, the personhood amendment was so stupid […]

    20 Comments / / Nov 9, 2011 at 9:07 AM
  • Animal Law, Insider Trading, Law Professors, Lindsay Lohan, Morning Docket, Music, Racism, Sentencing Law

    Morning Docket: 10.26.11

    * Rajabba is appealing his insider trading convictions and prison sentence, but someone needs to suffer for this outrage. Where are Solo and the Wookiee when you need them? [Bloomberg] * PETA is suing SeaWorld on Thirteenth Amendment grounds for enslaving killer whales. Oh, so the only marine animals you’ll help have to be black […]

    25 Comments / / Oct 26, 2011 at 9:10 AM
  • Biglaw, Blackberry-Crackberry, Election 2012, Food, Insider Trading, iPhone, Law Schools, Money, Morning Docket, Nauseating Things, Politics, Rape, Sentencing Law, Wall Street, White-Collar Crime

    Morning Docket: 10.14.11

    * Members of the Occupy Wall Street brigade were allowed to continue to be dirty hippies living in a park without toilets this morning. So fresh and so clean! OMG, yippee! [Wall Street Journal] * French prosecutors have dropped another yet another rape charge lodged against Dominique Strauss-Kahn. Seriously? It looks like nothing sticks to […]

    36 Comments / / Oct 14, 2011 at 9:20 AM
  • Crime, Insider Trading, Sentencing Law, Wall Street, White-Collar Crime

    Raj Rajaratnam Gets Sentenced

    Find out how much he got over at our sister site, Dealbreaker. Earlier: Prior ATL coverage of Raj Rajaratnam

    26 Comments / / Oct 13, 2011 at 11:33 AM
  • 9th Circuit, American Bar Association / ABA, Banking Law, Crime, Department of Justice, Fat People, Health Care / Medicine, Insider Trading, Military / Military Law, Money, Morning Docket, U.S. News

    Morning Docket: 09.30.11

    * Now that DADT has been repealed, the Ninth Circuit has tossed the Log Cabin Republicans case. How does that Paula Abdul song go? Two steps forward, two steps back? [Los Angeles Times] * Is this a new way of protecting taxpayers? In early 2012, Bank of America is going to start charging $5 a […]

    8 Comments / / Sep 30, 2011 at 9:14 AM
  • Crime, DealBreaker, Insider Trading, Reader Polls, Securities Law, Sentencing Law, Wall Street, White-Collar Crime

    An Above the Law / Dealbreaker Debate: Insider-Trading Sentencing

    Ed. note: This post was written by Matt Levine, the new editor on our sister site, Dealbreaker, and Elie Mystal. Matt here. You might think that Dealbreaker HQ exists only metaphorically in virtual space, or maybe in the fan fiction you’re hiding in your desk, but in fact Bess and I share a real physical […]

    49 Comments / / Sep 26, 2011 at 6:32 PM
  • Abortion, Fabulosity, Gay, Health Care / Medicine, Insider Trading, Morning Docket, Paul Bergrin

    Morning Docket: 09.13.11

    * Mississippi’s “personhood” ballot measure could ban not only abortion, but birth control, too. This is supposed to “protect women.” Protect women from what, their right to choose? [Huffington Post] * This defense attorney has seen plenty of big cases before, but this may be his biggest one yet. Paul Bergrin has been given the […]

    10 Comments / / Sep 13, 2011 at 9:16 AM

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