* An interesting account, by former Dealbreaker editor (and Skadden lawyer) John Carney, of behind-the-scenes arguments between the SEC and the U.S. Attorney’s Office over Rajat Gupta, pal of Raj Rajaratnam. [NetNet / CNBC]
* A legal loss for the Naked Cowboy — guess his briefs weren’t good enough. [Huffington Post]
Judge Jack Camp
* What should you do if you’re an associate who thinks your firm is going down, a la Howrey? Here are some practical tips. [Vault]
* By the time ex-Sidley associate Tyler Coulson completes his hike across America, “food will cost twice as much! Gasoline will be $5! Charlie Sheen will be running for office in California (and be elected)!” [Funny Business / CNBC]
* Ms. JD’s fourth annual conference on women in law is coming up next month. [Ms. JD]
It was quite shocking last October when word first surfaced that then-federal judge Jack Camp, at the time a senior judge for the Northern District of Georgia (Atlanta), might have indulged in cocaine, marijuana, and sex with a prostitute. The charges were hard to believe, especially given Judge Camp’s judicial office.
But, as it turned out, there was some truth to the allegations. In November, Judge Camp pleaded guilty to criminal charges stemming from his role in a scandal that involved drugs, guns, sex, and a stripper named Sherry Ann Ramos.
Now new information has come to light that makes Judge Jack Camp’s behavior perhaps more understandable, even if still illegal….
We’ve covered in loving detail the alleged misadventures of Judge Jack Camp (N.D. Ga.). As you may recall, Judge Camp is the Atlanta federal judge who stands accused of purchasing and enjoying illegal drugs. And purchasing — and presumably enjoying — illegal sex, from an exotic dancer named Sherry Ann Ramos.
Last month, Judge Camp’s attorney stated that His Honor planned to plead not guilty. The possibility of seeing Judge Camp back in the courtroom, but maybe in an orange jumpsuit rather than a black robe, got us all excited.
But it now appears that the judge has had a change of heart. Much to the dismay of trial-seeking AUSAs around the country, defendants plead, they always plead….
In December 2008, then-Chief Judge Jack Camp (N.D. Ga.) gave an interesting interview to the Fulton County Daily Report. In explaining his decision to enter the semiretired state available to certain federal judges known as senior status, Judge Camp said that senior status would allow him to do some things “I really want to do, but never had a chance to do.”
Things like cocaine, marijuana, oxycodone, and a prostitute named Sherry Ann Ramos — if law enforcement allegations are to be believed, that is. (Everyone is presumed innocent until proven guilty, especially the exalted legal deities known as Article III judges, and Judge Camp’s attorney has stated that His Honor plans to plead not guilty.)
Let’s behold the hottie who may have been been the Georgia jurist’s downfall — and hear from some folks who have interacted with Judge Camp….
I am not surprised by the bust of Judge Camp, considering the last trip I took with him. We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a saltshaker half-full of cocaine, and a whole galaxy of multi-colored uppers, downers, screamers, laughers . . . Also, a quart of tequila, a quart of rum, a case of beer, a pint of raw ether, and two dozen amyls. Not that we needed all that for the trip, but once you get into locked a serious drug collection, the tendency is to push it as far as you can. The only thing that really worried me was the ether….
There’s no indication that the 67-year-old Judge Camp tried ether. But if the allegations of law enforcement are to be believed, Learned Paw / Hunter S. Thompson is not far off the mark.
According to the criminal complaint in the case, Judge Camp used a wide range of controlled substances — in the company of an exotic dancer / prostitute, who turned out to be a confidential informant….
According to news reports out of Atlanta, which have been confirmed by U.S. Marshal Richard Mecum, Senior Judge Jack Camp (N.D. Ga.) has been arrested on federal drug charges by the FBI. He’s scheduled to appear in court later today.
Nominated to the federal bench by President Reagan, Judge Camp has been a judge for a long time — over two decades, since 1988. He has presumably presided over countless drug cases. If Judge Camp ends up pleading guilty to anything, that will be one interesting Rule 11 colloquy.
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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