IPO

  • Morning Docket

    Morning Docket: 12.05.14

    * A former Cleary Gottlieb associate will be a very rich man after The Lending Club, the company he founded post-Biglaw, completes its IPO. [American Lawyer]

    * Marriage equality won’t arrive in Mississippi just yet. [How Appealing]

    * The federal civil rights investigation into the death of Eric Garner could complicate Loretta Lynch’s nomination to serve as attorney general. [New York Times]

    * In other news about excessive use of force by police, the U.S. Department of Justice just blasted Cleveland’s department for abysmal record-keeping about such incidents. [Cleveland Plain Dealer]

    * And what does possible 2016 presidential candidate Hillary Clinton think about police abuses? [New York Times]

    * Non-random appellate panels in the federal courts are far more common than you might think, reports Alison Frankel. [Reuters via How Appealing]

    * A smart and thoughtful review by Rosemarie Yu of my new book, Supreme Ambitions (affiliate link). [New York Law Journal]

    * Eugene Ingoglia, one of the S.D.N.Y. prosecutors who helped send Harvard Law cheater Mathew Martoma to prison, will be joining Morvillo LLP as a partner. [DealBook / New York Times]

    * Former federal government lawyer Michael Richter: “It’s Not Top-Secret If You Can Google It.” [Wall Street Journal]

    * Congratulations to eBrevia, a legal technology company we’ve previously profiled, on raising $1.5 million in seed funding. [Law Technology News]

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  • Finance

    Lender-to-thy-Neighbor: P2P Lending in Perspective

    Closely related to the crowdfunding phenomenon has been the evolution of the peer-to-peer (P2P) lending model.1 As the early standard-bearers of P2P prepare to enter the public markets, the model itself is poised for greater industry and regulatory visibility. So what has the undoubtedly impressive growth of P2P revealed thus far and what might it portend for a rapidly shifting and decentralized financial sector?
  • Attorney Misconduct, Biglaw, Celebrities, DUI / DWI, Environment / Environmental Law, Fenwick & West, Law Schools, Legal Ethics, Morning Docket, Real Estate, SCOTUS, Supreme Court

    Morning Docket: 02.25.14

    * SCOTUS seems divided over its greenhouse gas regulation case. Just remember, justices, there’s “no such thing as greenhouse gas,” and if you think there is, you can “go f@ck yourself and die.” [Legal Times]

    * DLA Piper, Fenwick & West, and William Fry are advising on the King.com (aka Candy Crush) IPO. Cool. Know that the public will refuse to invest until those damn chocolate blockers go away. [The Lawyer]

    * “Guys like them are the reason people hate lawyers.” When your lawyers do you this badly, you end up living in one of their homes as part of a settlement. Of course this happened in Florida. [Sun Sentinel]

    * If you’re in the market for an apartment, we hear Brooklyn Law School just sold a bunch of its student housing to a real estate developer. Per the dean, the school is now so small the apartments were unnecessary. Yikes. [Brooklyn Daily Eagle]

    * Amanda Bynes took a plea deal on her DUI charge. She’ll serve three years of probation and pay a fine. Maybe when she’s done, she’ll pull a Lohan and appear naked in a movie. Young men can hope. [CNN]

  • Attorney Misconduct, Biglaw, Blackberry-Crackberry, Cars, Law Schools, Legal Ethics, Morning Docket, Paul Bergrin, Prisons, SCOTUS, Securities Law, Supreme Court, Technology

    Morning Docket: 09.24.13

    * A study revealed that almost half of all links in online Supreme Court opinions are dead, but at least internet pranksters like this guy have been given a chance in the spotlight. [New York Times]

    * CHECK YOU [BLACKBERRIES] OFTEN, because firms like Shearman & Sterling, McCarthy Tétrault, Skadden Arps, and Torys will advise on the ancient technology’s private sale. [Am Law Daily]

    * We hope this IPO isn’t imported from Detroit. Chrysler filed a prospectus with the SEC yesterday with the help of attorneys from Sullivan & Cromwell and Cravath. [DealBook / New York Times]

    * Paul Bergrin, more commonly known as the “Baddest Lawyer in the History of Jersey,” was handed a life sentence yesterday. At least he’ll have street cred with his gen pop friends. [WSJ Law Blog (sub. req.)]

    * If you’re still thinking of applying to law school now, you must be the kind of person who needs advice on how to go to college and fill out applications, all at the same time. [Law Admissions Lowdown / U.S. News]

  • Defamation, Guns / Firearms, Harold Baer, International Law, Non-Sequiturs, O.J. Simpson, Technology, Television, Texas

    Non-Sequiturs: 05.10.13

    * Texas law student/international small-arms dealer Cody Wilson got shot down (pun!) days after revealing a fully security-proof 3D printable gun. The State Department pointed out that Wilson seems to be violating all manner of international arms agreements, which was pretty obvious when he went on video boasting about how his weapons were being used in hotbeds of civil strife. [Foreign Policy: Passport] * The Juice may soon be loose! But probably not. O.J. Simpson has a hearing seeking a new trial in Vegas and blaming his former lawyer, Yale Galanter. Best part? Simpson claims Galanter approved the whole “armed, threatening confrontation” plan beforehand. Oops. [FOX News] * Michael Arrington, a lawyer and "one of the most powerful people on the Internet," is suing his ex-girlfriend for defamation. The complaint compiles some pretty salacious claims that she made via social media. [Valleywag] * Just when you thought being an unpaid intern couldn’t be sadder, Judge Baer makes it sadder. [Fashionista] * The “Thug’s Lawyer” got a reprieve when a judge tossed his indictment for conspiracy, obstruction of justice, theft, and perjury. [The Advocate] * The EEOC filed suit against a Miami company that required its employees to become Scientologists. In other news, someone actually thought they could get away with making all their employees join the Church of Scientology. [Lowering the Bar] * The history of the Madison Avenue IPOs alluded to in last week’s Mad Men. [DealBook]
  • Department of Justice, Facebook, Google / Search Engines, Insider Trading, Intellectual Property, Morning Docket, Technology, Trials

    Morning Docket: 08.01.12

    * In the Apple-Samsung trial yesterday, Apple’s attorneys accused Samsung of intentionally copying the iPhone. Samsung’s attorney was like, Bro, step off. And then Judge Lucy Koh and all the members of the gallery and the jury crowded around in a circle and started yelling Techno-fight! Techno fight! [Wall Street Journal]

    * Matthew Kluger, formerly of Wilson Sonsini and more recently convicted and sentenced to 12 years in prison for insider trading, gives an interview about what motivated him to commit his crimes. [Bloomberg]

    * France is not happy that Google did not delete all its Street View information from the country after it promised to. Shockingly, some parts of the world apparently still value data privacy. How quaint! [New York Times]

    * Former Perkins Coie partner Harold DeGraff must arbitrate his compensation battle with his former law firm. But the process will not have to be kept confidential. [Thomson Reuters]

    * I’m pretty sure at this point the DOJ is just consulting a Ouija board in its increasingly feeble attempts to prosecute Megaupload. [Wired /Threat Level]

    * UBS is not happy that it lost $356 million on the Facebook IPO. Now it’s suing NASDAQ over the snafu. [CNNMoney]

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  • Attorney Misconduct, Barack Obama, Biglaw, Dewey & LeBoeuf, Facebook, Federal Judges, Football, Health Care / Medicine, Legal Ethics, Morning Docket, Partner Issues, SCOTUS, Supreme Court, Trademarks, Trials

    Morning Docket: 06.18.12

    * “At the Supreme Court, those who know, don’t talk. And those who talk, don’t know.” If that’s the case, then there must be a lot of people who “don’t know” — it’s rumored that the Court’s decision on Obamacare will be released today. [CNN]

    * Dewey know what kind of news this week’s conference call will bring for the failed firm’s former partners? On Tuesday afternoon, we might get some information on the status of a global partner contribution plan. [WSJ Law Blog]

    * Guys in my high school ambassadorial nominations pool used to have extramarital affairs with WSJ reporters all the time, it was no big deal. Obama still supports Brett McGurk, despite his racy emails. [Reuters]

    * The $64,000 question in the Jerry Sandusky case: will the allegedly histrionic former football coach take the stand to testify in his own defense? He should, because apparently it’s his “only shot.” [Legal Intelligencer]

    * Looks like Facebook decided to initiate the use of a proverbial “dislike” button when the company pointed the finger at NASDAQ in defense against dozens of lawsuits over its incredibly glitchy IPO. [New York Daily News]

    * It’s actually possible to have an “offensive personality” as a matter of law: former prosecutor Kenneth “I Am the Prize” Kratz will plead no contest to six ethics violations for his sordid sexting scandal. [Associated Press]

    * “Careful … that is a Lewis [sic] Vuitton.” It seems that at least one federal judge in Manhattan holds comedic value to a higher standard than our favorite fashion house’s trademark infringement claims. [Chicago Tribune]

    * Loose lips may sometimes sink ships, but not all gossip is bad. After all, without gossip, your ATL editors wouldn’t be able to bring you some of the juiciest stories out there in the legal world. [New York Times]

  • Bankruptcy, Biglaw, Cars, Cellphones, Department of Justice, Dewey & LeBoeuf, Drugs, Facebook, Health Care / Medicine, Immigration, Law Schools, Morning Docket, New Jersey, Pets, Plaintiffs Firms, Politics, Prostitution, SCOTUS, Securities Law, Sentencing Law, Supreme Court

    Morning Docket: 05.29.12

    * 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]

    * “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]

  • Bankruptcy, Biglaw, Dewey & LeBoeuf, Dreier, Facebook, John Edwards, Morning Docket, Sex, Sex Scandals, Trials

    Morning Docket: 05.23.12

    * 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]

  • Adoption, Biglaw, Books, California, Cars, Facebook, Fashion, Fenwick & West, Law Schools, Morning Docket, United Kingdom / Great Britain

    Morning Docket: 02.02.12

    * How many friend requests did these firms just get? Fenwick & West and Simpson Thacher are the Biglaw stars of Facebook’s S-1 filing for its $5B initial public offering. Like. [Am Law Daily] * The prosecution is expected to make its arguments today in Julian Assange’s appeal of his extradition from the U.K. to […]