Irving Picard
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Bernie Madoff, Biglaw, Money
Meet The Billion-Dollar Biglaw Partners Behind The Madoff Case
When it comes to attorneys' fees for Biglaw partners, no number is ever too high. -
Benchslaps, Bernie Madoff, Federal Judges, Jed Rakoff, Quote of the Day, S.D.N.Y.
When Judge Rakoff Tells You to STFU, You Listen
Judge Jed Rakoff thinks this litigant has officially "lost the right to complain" in his courtroom. - Sponsored
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Airplanes / Aviation, Antitrust, Antonin Scalia, Attorney Misconduct, Bankruptcy, Bernie Madoff, Biglaw, Department of Justice, Dewey & LeBoeuf, Legal Ethics, Mergers and Acquisitions, Money, Morning Docket, Partner Issues, Politics, SCOTUS, Sonia Sotomayor, Supreme Court
Morning Docket: 02.14.13
* She loves me, she loves me not: media darling Sonia Sotomayor used to be in favor of the use of cameras during Supreme Court arguments, but she’s done a complete about-face on the issue, just like Justice Elena Kagan before her. [National Law Journal]
* Everyone and their mother knows what Antonin Scalia thinks of the State of the Union address, but let’s find out what my colleague Elie Mystal thinks about the good justice’s antics — namely, Scalia’s non-attendance for the past sixteen years. [HuffPost Live]
* American Airlines and US Airways will be merging to create the largest (and most awful) airline in the country. Perhaps the DOJ’s antitrust division can save us from this parade of horribles. [DealBook / New York Times]
* It looks like Team Togut is going to have a crappy Valentine’s Day. They thought that their partner problems were all wrapped up, but according to these filings, it seems that they’ve only just begun. [Am Law Daily]
* If Irving Picard, the trustee in charge of the Bernie Madoff bankruptcy case, is able to get his way, money will soon be raining upon the victims of the massive Ponzi scheme at warp speed. [WSJ Law Blog (sub. req.)]
* This probably isn’t just a “distraction” or “silly sideshow” anymore, because Apple now says it will be fighting Greenlight’s attempt to block the tech company from restricting its issuance of preferred stock. [Bloomberg]
* Instragram has asked a federal court to toss a lawsuit over changes to the photo-sharing app’s terms of service because it contests that users still own the rights to all of their fugly Walden-filtered pictures. [Reuters]
* Remember Kenneth Kratz, the former Wisconsin prosecutor who referred to himself as “the prize”? He’s settled his sexting suit with Stephanie Van Groll, also known as the “hot nymph.” [Twin Cities Pioneer Press]
* Go to grad school at Lehigh for free: check. Sue for $1.3M over your C+: check. Get chastised by a judge over your ridiculous lawsuit: check. Whatever, we still beat Duke, and that’s really all that matters. [Morning Call]
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9th Circuit, Constitutional Law, Copyright, Eric Holder, Facebook, Jed Rakoff, Milberg Weiss, Morning Docket, Trials
Morning Docket: 03.06.12
* Due process, judicial process, yeah, yeah, same difference. Not so, says Attorney General Eric Holder — especially when it comes to assassinating killing Americans abroad. [Blog of Legal Times]
* Now that BP has settled claims made by private sector plaintiffs, state and federal government lawyers are getting ready to wait “months, not weeks” for their new trial date. [Financial Times]
* Newt Gingrich wants his “Eye of the Tiger” copyright infringement suit to be dismissed. Listen, judge, if he can’t play this song, we won’t get our moon base or cheaper gas. [The Caucus / New York Times]
* As if being a Mets fan wasn’t bad enough on its own, Judge Jed Rakoff has struck again. He refused to dismiss Irving Picard’s lawsuit, and now the team’s owners must go to trial over millions. [Businessweek]
* Lawyers from Milberg will be joining Paul Ceglia’s legal team. They must not have checked this dude’s Facebook timeline — this is the the fifth firm to sign up for a Gibson Dunn sucker punch. [Bloomberg]
* Thanks to a decision by a three-judge panel of the Ninth Circuit, Jared Loughner will continue to be forcibly medicated. What better way to restore him to competency than to shove pills down his throat? [Reuters]
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Baseball, Bernie Madoff, Disability Law, Fat People, FTC, Immigration, Movies, Shoes, Texas
Morning Docket: 09.29.11
* Sorry Missouri, but your reign as the “Show Me” state is over. Thanks to its immigration law, Alabama is going to be taking over as the “Show Me Your Papers” state. [CNN] * Time to review the footage. Irving Picard stands to lose the game for the Investors if he can’t get an instant […] -
Baseball, Bernie Madoff, Sports
Mets' Madoff Victory Is Bad News For Everybody Else
Don't worry about investing in a Ponzi scheme as long as you are smart or lucky enough to recoup your money before the whole thing falls apart. That is the upshot of U.S. District Judge Jed Rakoff's decision to significantly limit the amount of money trustee Irving Picard can seek from New York Mets owner Fred Wilpon. Judge Rakoff's ruling will have a major effect on how much money is ever recovered for victims of Madoff's shenanigans, and could have an effect on the future liability for all investors in Ponzi schemes.... -
Bar Exams, Breasts, California, Divorce Train Wrecks, Family Law, Kasowitz Benson, Morning Docket, Nancy Grace, Perks / Fringe Benefits, State Judges, State Judges Are Clowns, Women's Issues
Morning Docket: 09.28.11
* Not a wardrobe malfunction, my ass. Nancy Grace would sooner allow Casey Anthony to babysit her kids than admit that she had a nip slip on live television. [New York Post] * When you have a “superior legal mind,” it’s easier for your feelings to get hurt. Gregory Berry now claims that Kasowitz Benson […]
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Baseball, Bernie Madoff, Federal Judges, Jed Rakoff, Quote of the Day, S.D.N.Y., Sports
Quote of the Day: Let's Go Mets?
Fortunately, you gave me so much paper. Otherwise, I would have had to watch a Mets game, which would have been a very painful process. — the eminently quotable Judge Jed Rakoff (S.D.N.Y.), praising the thorough briefing by lawyers involved in the legal battle between the Bernard Madoff trustee, Irving Picard, and the owners of […] - Sponsored
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Bernie Madoff, Biglaw, Food, Kasowitz Benson, Money, Morning Docket, Racism, Shoes
Morning Docket: 08.17.11
* The tried and true accounting method of finders keepers, losers weepers prevailed in an appeals court win for Irving Picard in the Madoff case. [Bloomberg] * Why in the world did you think it would be a good idea to file a $77M lawsuit against Kasowitz Benson? Are you out of your “superior legal […]
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Morning Docket
Morning Docket: 05.27.11
* Drowning in loan debt? There’s a niche for that! A Connecticut lawyer is paying off his $160K of law school loans with a client base comprised of — you guessed it — lawyers. [Hartford Business Journal via ABA Journal] * In New York, new “while black” violations seem to pop up every few months. […]
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Eric Holder, Football, Health Care / Medicine, Morning Docket, Paul Clement, Sports, War on Terror
Morning Docket: 05.05.11
* DOMA dude Paul Clement filed his first brief as lead counsel for 26 states seeking to nullify Obamacare. In a land of socialist, freeloading, hippie queers, one man stands alone. [Atlanta Journal Constitution] * Actually, that’s not true — The Cooch has Clement’s back (twhs), Tweeting all the misspelled and hilarious punchlines that are […]
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Bernie Madoff, Biglaw, Environment / Environmental Law, Intellectual Property, Morning Docket, Patton Boggs, SCOTUS, Supreme Court
Morning Docket: 04.20.11
* The Supreme Court heard arguments yesterday in a lawsuit asking courts to force major companies to reduce greenhouse gas emissions. Sotomayor spent the entire oral argument asking attorneys how she could fit more Miami Sound Machine on her Zune. [New York Times] * Louisiana Governor Bobby Jindal, who can be seen every Thursday night […]
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Non-Sequiturs
Non-Sequiturs: 02.24.11
* Yes, we have seen the excellent GW Law Revue video based on the Cee Lo Green song (embedded above). No need to send it to us again. In fact, please do not send us links to any Law Revue videos until we announce the start of our third annual Law Revue Video Contest (perhaps […]
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Baseball, Bernie Madoff, Sports
Nothing About the Madoff Thing Surprises Any Mets Fans
I’ve been avoiding writing about Irving Picard, the trustee in charge of getting money for the victims of the Bernie Madoff Ponzi scheme, and his lawsuit against New York Mets owners Fred Wilpon and Saul Katz. It’s too painful. It’s like being close enough to see Oliver Perez’s face just as you know things are […] -
Bernie Madoff, Biglaw, Divorce Train Wrecks, Family Law, Money, Partner Issues
A Millionaire Paul Weiss Partner Might Get Money from His Ex-Wife -- Thanks to Bernie Madoff
Being married to a Paul Weiss partner is nice; getting divorced from a Paul Weiss partner is even nicer. Thanks to the prestigious firm’s eye-popping profits, getting divorced from a PW partner should give you a seven-figure payday (assuming the Paul Weiss partner has been a partner for a while and is the “monied spouse” […] -
Bernie Madoff, Crime, Department of Justice, White-Collar Crime
A $7.2 Billion Settlement Generates Money for Madoff Victims
Rack up another win for trustee Irving Picard, the partner at Baker Hostetler who’s cleaning up the Bernard Madoff mess. On Friday, Picard and Preet Bharara, the headline-making U.S. attorney for the Southern District of New York, announced a $7.2 billion settlement with the estate of Jeffry Picower (no it’s not spelled “Jeffrey”). Picower, a […] -
Andrew Cuomo, Morning Docket, Pets, Pornography
Morning Docket: 12.13.10
* Hiscock & Barclay cut Andrew Cuomo a $45K check and one of the firm’s lawyers got a deal. Does pay-to-play go both ways in New York? [New York Daily News] * John du Pont: millionaire, maniac, murderer… miracle worker? He died just in time to avoid the return of the 55% IRS death tax. […]
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Bernie Madoff, Crime, Deaths, Suicide, White-Collar Crime
Madoff Son Found Dead in Suicide (By Legendary Litigator Martin London)
Mark Madoff, the oldest of Bernard Madoff’s two sons, committed suicide on Saturday, by hanging himself in his Manhattan apartment. Saturday was a significant day: the second anniversary of Bernie Madoff’s arrest for running a multibillion-dollar Ponzi scheme. Mark Madoff’s lawyer, prominent Paul Weiss partner Martin Flumenbaum, issued a statement yesterday: “Mark Madoff took his […]