Mergers and Acquisitions

  • comcast-logo-RF

    Antitrust, Mergers and Acquisitions, Technology

    Comcast: Allowing Us To Get Immensely, Inconceivably, Ridiculously Massive Is ‘Pro Consumer’

    The cable megamerger comes complete with 1984-style Newspeak.

    10 Comments / / Feb 14, 2014 at 4:30 PM
  • 9th Circuit, Biglaw, Books, Crime, Diarmuid O'Scannlain, Eugene Volokh, Gay, Gay Marriage, Guns / Firearms, Mergers and Acquisitions, Morning Docket, Screw-Ups, Violence

    Morning Docket: 02.14.14

    * Virginia is for lovers — gay and straight alike. Judge Arenda L. Wright Allen (E.D. Va.) just struck down the state’s ban on same-sex marriage (but stayed her ruling pending appeal). Happy Valentine’s Day! [Washington Post]

    * The Ninth Circuit, in an opinion by Judge Diarmuid O’Scannlain, issued a major Second Amendment ruling. Is it correct, and what will happen next? Professor Eugene Volokh shares his thoughts. [Volokh Conspiracy; Volokh Conspiracy]

    * Which leading law firms are trying to make the Comcast/Time Warner Cable monstrosity into reality? [American Lawyer]

    * Did a Biglaw firm make a big-time mistake by blowing a deadline to appeal a $40 million verdict? [Law360 (sub. req.)]

    * Speaking of screw-ups, making them in the e-discovery realm can be costly — a lesson that California is learning the hard way, to the tune of $32 million. [ACEDS]

    * Former New Orleans Mayor Ray Nagin thought he’d be acquitted; he thought wrong. [ABA Journal]

    * George Washington wasn’t a member of the one of the 8 magic groups — but his story still illustrates the truth of The Triple Package (affiliate link), according to Washington biographer Logan Beirne. [Fox News]

    * Authorities have made an arrest for the package bombing that killed a retired Tennessee lawyer and his wife. [CNN]

    4 Comments / / Feb 14, 2014 at 9:14 AM
  • Wachtell Lipton Rosen Katz RF 2

  • The Duke Brothers

    Barack Obama, Election Law, Insider Trading, Mergers and Acquisitions, Morning Docket, Pepper Hamilton, Securities and Exchange Commission, Technology

    Morning Docket 11.12.13

    * Who are the real victims of insider trading? It’s the Duke brothers, duh. [DealBook / New York Times]

    * Judge Ellen Huvelle has ordered the government to turn over to her an executive order that the feds claim is subject to executive privilege. Judge Huvelle rejected the administration’s argument that privilege exists because, “we don’t want to give it to you.” [Politico]

    * Pepper Hamilton has joined the greener pastures of Silicon Valley, opening an office with three partners poached from Goodwin Proctor. [Reuters Legal (sub. req.)]

    * Speaking of poaching, Martin Dunn, former deputy director of the SEC and O’Melveny partner is joining Morrison & Foerster. [The Blog of the Legal Times]

    * And while we’re at it, M&A partner Sean Rodgers has left Simpson Thacher to merge with Kirkland & Ellis. [The AmLaw Daily]

    * Publisher ALM (The American Lawyer, Corporate Counsel, The National Law Journal, The New York Law Journal) has a new technology partner and hopes to boost its readership. If they want to boost their readership, wouldn’t starting a new law school be a better investment? [Talking Biz News]

    * Conservative groups are miffed about video of this Democratic party lawyer “attacking” a Republican at the polls and trying to “steal” an election. It seems like he put his hand over the lens of a camera phone, but sure, this is exactly like telling minorities the wrong day to vote. [Bearing Drift]

    * The Amanda Knox case has a trade secret component as a battle rages over DNA testing technology. [Trade Secrets Watch / Orrick]

    1 Comment / / Nov 12, 2013 at 9:05 AM
  • Brains Billable hours...

    Airplanes / Aviation, Antitrust, Bankruptcy, Biglaw, Breasts, D.C. Circuit, Deaths, Department of Justice, Dewey & LeBoeuf, Drugs, Mergers and Acquisitions, Money, Morning Docket, Police, Politics, Social Media, Twittering

    Morning Docket: 10.31.13

    * Let’s get ready to rumble! Senate Democrats are threatening to go “nuclear” on existing filibuster rules if Senate Republicans decide to band together to block Patricia Millett’s nomination to the D.C. Circuit. [New York Times]

    * AMR Corp. and US Airways are reportedly trying to broker a deal with the Department of Justice that would allow the airlines’ merger to go through. And this is the room full of people who care. [Wall Street Journal (sub. req.)]

    * Proskauer Rose and the zombie corpse of Dewey & LeBoeuf received a Halloween treat from Judge Martin Glenn in the MF Global case. The firms will each be receiving a combined $9 million for their work. [Am Law Daily]

    * Twitter is facing a $125 million fraud suit filed by two financial firms claiming that the social media giant had them organize a private sale of shares and then canceled it. #OhShiat #LawyerUp [Businessweek]

    * Jill Bjorkholm Easter, the lawyer accused of planting drugs on a PTA volunteer at her son’s school, has pleaded guilty to false imprisonment. Her hubby’s trial is next week. [L.A. Now / Los Angeles Times]

    * She’s got the right to remain topless: Holly Van Voast, the photographer famous for roaming the streets of New York with breasts bared, settled a lawsuit against the city for $40,000. [New York Daily News]

    * “Ed,” the anonymous editor of the defunct Blawg Review site, RIP. [Trial Warrior Blog; Simple Justice]

    4 Comments / / Oct 31, 2013 at 9:11 AM
  • wine glasses

  • Tim Gunn Make It Work

    Biglaw, Fashion, Fashion Is Fun, Gender, In-House Counsel, Lateral Moves, Law Schools, Mergers and Acquisitions, Morning Docket, Sports, Tax Law, Women's Issues

    Morning Docket: 09.10.13

    * Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]

    * Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]

    * Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]

    * If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]

    * Law schools in the Dakotas are renovating their buildings in the hope of enrolling more students. Luckily, South Dakota has that sweet indentured servitude plan. [Prairie Business; National Law Journal (sub. req.)]

    * If you’re thinking of applying to law school, here’s a plan of attack for the month of September. That’s right, friends, you can start gunning right now! [Law Admissions Lowdown / U.S. News & World Report]

    * Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]

    1 Comment / / Sep 10, 2013 at 9:03 AM
  • The third year of law school?

    American Bar Association / ABA, Barack Obama, Biglaw, Department of Justice, Law School Deans, Law Schools, Mergers and Acquisitions, Morning Docket, Murder

    Morning Docket: 09.04.13

    * Biglaw’s billing bonanza: at least 12 firms are advising on the multi-billion dollar deals going on between Microsoft / Nokia and Verizon / Vodafone, and Simpson Thacher landed a seat on both. [Am Law Daily (sub. req.)]

    * Standard & Poor’s is now accusing the Department of Justice of filing its $5 billion fraud lawsuit in retaliation for downgrading the country’s credit rating. Aww, we liked the “mere puffery” defense much better. [Reuters]

    * The new ABA prez doesn’t think Obama meant what he said about two-year law degrees. He thinks it’s about cost. Gee, the ABA should probably do something about that. [National Law Journal (sub. req.)]

    * Meanwhile, New York Law School wants to condense its offerings into a two-year honors program that comes complete with a $50,000 scholarship. Sweet deal if you can get it, but it sounds like most people won’t. [Crain’s New York Business]

    * Stewart Schwab, the dean of Cornell Law School, will be stepping down at the end of the academic year. The search for someone new to oversee the filming of amateur porn in the library is on. [Cornell Daily Sun]

    * Crisis? What crisis? Nothing is f**ked here, dude. Amid plummeting applications, GW Law increased the size of its entering class by about 22 percent. The more lawyers, the better, right? /sarcasm [GW Hatchet]

    * Jacked up! Attorneys for NFL player Aaron Hernandez got a stay in the civil suit accusing the athlete of shooting a man in the face until after the athlete’s murder charges have been worked out. [USA Today]

    1 Comment / / Sep 4, 2013 at 9:01 AM
  • iStock_000004187704XSmall

    Accounting / Accountants, Barack Obama, Biglaw, California, Guns / Firearms, Joe Biden, Marijuana, Mergers and Acquisitions, Michael Jackson, Non-Sequiturs, Pornography

    Non-Sequiturs: 08.23.13

    * President Obama says he’s not changing his mind on the legality of marijuana “at this time.” I guess we need Biden to go on Face the Nation this time around to get some movement on the drug war. [Volokh Conspiracy]

    * California lawmakers are looking to retool its “revenge porn” — the act of posting embarrassing sex pics/videos of a significant other who screwed you over — bill. Now California won’t be able to post all those amateur vids of the organizers behind Prop 13. [WSJ Law Blog (sub. req.)]

    * New York just boasted the largest seizure of illegal guns in NYC history because a rapper used Instagram to show the world a whole mess of illegal guns. Sometimes you have to avoid that “pics or it didn’t happen” tweet. [ABA Journal]

    * Michael Jackson’s estate is battling the IRS. The article coyly suggests that the estate has told the IRS to “Beat It.” What they don’t understand is the IRS, as a general rule “Don’t Stop ‘Til [They] Get Enough.” [TaxProf Blog]

    * Inspired by our recent post on the 15 Reasons to Date a Lawyer, Going Concern has found eHarmony’s “15 Reasons to Date an Accountant” and given it a similar beatdown. [Going Concern]

    * Congratulations to the M&A Advisor’s “40 Under 40″ award winners. Your families would be so proud if they remembered what you looked like. [The M&A Advisor]

    * I was quoted in this week’s episode of This American Life. Host Ira Glass interviewed Sharon Snyder, the court clerk fired for helping free an innocent man. [This American Life]

    * Bruce MacEwen explains the mid-year results for Biglaw as reported by Wells Fargo and Citi respectively. Video after the jump…

    8 Comments / / Aug 22, 2013 at 5:31 PM
  • 800px-Aa_b767-300er_n363aa_arp

    Airplanes / Aviation, Bar Exams, Clerkships, Department of Justice, Divorce Train Wrecks, Job Searches, Law Schools, Mergers and Acquisitions, Non-Sequiturs

    Non-Sequiturs: 08.13.13

    * The DOJ and a number of state attorneys general are suing to block the merger of American Airlines and US Airways. American and US Airways weren’t phased because they expected lengthy delays. [Courthouse News Service]

    * Following up on yesterday’s tale of divorcing law professors — which may as well have been Jarndyce v. Jarndyce — here’s a post collecting some other entertaining divorce battles. [Lowering the Bar]

    * The Consumer Product Safety Commission is going after a CEO individually. Craig Zucker, the CEO of the company that makes the office toy BuckyBalls, has really gotten under the CPSC’s skin in resisting their efforts to get BuckyBalls off the market. First they came for the BuckyBalls and I said nothing, then they came for the drinking bird and there was no one left to speak for it. [Overlawyered]

    * Here’s a look at law school applications for top schools charted over time. Spoiler alert: if these schools are playing a Ponzi scheme, they’re failing. [Associate’s Mind]

    * More Americans fled overseas to avoid taxes this year. If we make it so the traitorous ninnies can’t come back, this sounds awesome. [Wall Street Journal]

    * Judicial Clerk Review asks how Shon Hopwood disclosed that whole “convicted bank robber” thing in his application. [Judicial Clerk Review]

    * Professor Robert Anderson has a new bar passage calculator. Take it for a spin to figure out whether or you much you should be freaking out. [Witnesseth]

    * Is this the worst job listing ever? Perhaps not. Definitely the most honest in being a bad job listing though. Check it out after the jump (click to enlarge), via the University of Houston Law Center…

    12 Comments / / Aug 13, 2013 at 5:02 PM
  • BlackBerry_Z10-RF

    Biglaw, Blackberry-Crackberry, Mergers and Acquisitions, Technology

    Remember BlackBerry? Former Tech Giant Hires Biglaw Firms to Oversee Possible Sale

    With the former industry leader lagging behind, two firms are brought in to help evaluate the company’s options.

    5 Comments / / Aug 13, 2013 at 1:32 PM
  • 220px-James_Abram_Garfield,_photo_portrait_seated

    Elena Kagan, Fashion, Labor / Employment, Mergers and Acquisitions, Non-Sequiturs, Patents, Securities and Exchange Commission, Supreme Court

    Non-Sequiturs: 06.13.13

    * How often are you sitting around wondering about all the legal ins-and-outs of the assassination of James Garfield? Wonder no more. [The Legal Geeks]

    * A love poem with citations to the U.C.C. You know, if you never plan on getting laid again. [Law Poetry]

    * Justice Kagan dials 867-5309. [Slate]

    * Underage models in New York are now covered by child labor laws. In related news, American Apparel stops making any ads whatsoever. [Fashionista]

    * When a bank nixes your merger, just go ahead and do it another way and bury the bank’s opinion. There’s not much the SEC can do about it anyway. [Dealbreaker]

    * Pepper Hamilton’s Nina Gussack is making it rain. [The Careerist]

    * Eric Posner has no beef with the NSA. [Constitutional Daily]

    * States: The New (Patent) Troll Slayers [Slate]

    1 Comment / / Jun 13, 2013 at 5:41 PM
  • A fireable offense in the UK?

    Biglaw, Disasters / Emergencies, Federal Judges, Gender, Mergers and Acquisitions, Morning Docket, Murder, Pregnancy / Paternity, Tax Law, Technology, Trials, United Kingdom / Great Britain, Women's Issues, You Go Girl

    Morning Docket: 05.21.13

    * Our thoughts and prayers go out to the people of Oklahoma. [CNN]

    * The IRS and the Treasury Department better watch out, because it seems that the “next logical step” for the tea party victims of heightened scrutiny leads right up the courthouse stairs. [ABC News]

    * #Whatshouldwecallme after advising on the $1.1 billion Yahoo/Tumblr deal? Kind of a big deal. The Biglaw firms doing the underlying legal work are Simpson Thatcher and Gunderson Dettmer. [Am Law Daily]

    * The Mirena MDL judge thinks female attorneys should be on the all-male executive committee. If this is “strategic gender placement,” the strategy is to look bad publicly. [Thomson Reuters News & Insight]

    * The Travers Smith trainee who was fired for getting pregnant is due in court this June to find out what type of compensation she’ll receive for being discriminated against by the firm. You go girl! [Daily Mail]

    * Wherein the parents of a 0L who’s got doubts about her employment prospects are counseled that she can “work not just in law.” ::facepalm:: [Law Admissions Lowdown / U.S. News & World Report]

    * There’s trouble in paradise: lawyers in the Jodi Arias case unsuccessfully attempted to get a mistrial and withdraw from representation — for the second time — during its punishment phase. [Fox News]

    2 Comments / / May 21, 2013 at 9:10 AM
  • Kim Kardashian

    Antitrust, Attorney Misconduct, Biglaw, California, Celebrities, Deaths, Department of Justice, Divorce Train Wrecks, Drinking, Law Schools, Legal Ethics, Mergers and Acquisitions, Morning Docket, New Jersey, Pro Bono

    Morning Docket: 04.22.13

    * With the capture of Boston bombing suspect Dzhokhar Tsarnaev, many legal questions are being asked, like if he’ll be Mirandized, where he’ll be tried, and if he’ll be considered an enemy combatant. [New York Times]

    * Thanks for kicking this keg, Mr. Baer: the Department of Justice and Anheuser-Busch InBev have settled their antitrust differences with respect to beer brewery’s planned acquisition of Grupo Modelo. [Legal Times]

    * Which firm has a “generous tuition reimbursement” program? And by “generous,” we mean 100% of law school tuition, which is awesome. We may have more on this later today. [Capital Business / Washington Post]

    * Stan Chesley, the “master of disaster,” is retiring — not because he wants to, but because he’s disbarred in Kentucky and surrendered his Ohio license before the state could take it from him. [WSJ Law Blog (sub. req.)]

    * California may soon follow in New York’s footsteps when it comes a pro bono mandate before bar admission, but the New Jersey Bar Association has an active hit out on the idea. [National Law Journal]

    * In an effort to avoid a trial that would’ve lasted longer than their sham marriage did in the first place, fauxlebrity Kim Kardashian and NBA player Kris Humphries settled their divorce last week. [Reuters]

    * Morris Kramer, an M&A pioneer and part of Skadden’s “Fab Four,” RIP. [DealBook / New York Times]

    5 Comments / / Apr 22, 2013 at 9:10 AM
  • Thoughtful man in the living room

    Biglaw, Layoffs, Mergers and Acquisitions, Partner Issues, Romance and Dating

    Buying In: Passed Over for Partner (Interview No. 1)

    What happens to people who get passed over for partnership at their firms? Anonymous Partner interviews one to find out.

    29 Comments / / Apr 9, 2013 at 11:05 AM
  • journalist

    Biglaw, Boutique Law Firms, Brown Rudnick, California, Law Schools, Media and Journalism, Mergers and Acquisitions, Morning Docket, Pro Bono

    Morning Docket: 04.09.13

    * Oh mon dieu, Justice Breyer was inducted as one of just 12 foreign members of France’s Académie des Sciences Morales et Politiques. C’est très chouette pour un Américain, non? [New York Times]

    * Man, for a four-seeded firm that got knocked out of our March Madness competition after the Sweet Sixteen, Davis Polk is looking great in 2013′s first quarter as far as legal advising in M&A deals goes. [Am Law Daily]

    * Brown Rudnick picked up a California boutique, and it’ll be doubled in size through lateral hiring. No layoffs are currently expected, but no one really advertises that as a merger selling point. [National Law Journal]

    * The New York Times: bringing you last month’s news, today! South Dakota is offering a subsidy for law school tuition to keep lawyers in the state. Here’s our post from two weeks ago. [New York Times]

    * Pace Law School’s “low bono” residency program was praised by New York’s Chief Judge Jonathan Lippman, but if you’ve got other job offers, Dear Lord, take one of them. [New York Law Journal]

    * AIG wants to prevent Hank Greenberg from suing in its name, probably because it’d prefer not to be known as “the poster company for corporate ingratitude and chutzpah.” [DealBook / New York Times]

    * “[D]o I cover this really important story and maybe go to jail?” That’s the choice Jana Winter is facing after reporting on James Holmes’s massacre notebook and refusing to reveal her sources. [CNN]

    3 Comments / / Apr 9, 2013 at 9:11 AM
  • Seal_of_the_United_States_Supreme_Court

    Biglaw, Elena Kagan, Gay, Gay Marriage, Law Professors, Law Schools, Mergers and Acquisitions, Midsize Firms / Regional Firms, Morning Docket, Ruth Bader Ginsburg, SCOTUS, Securities and Exchange Commission, Supreme Court

    Morning Docket: 03.20.13

    * OMG! Get ready to have a lawgasm, because the Supreme Court is going to be releasing same-day audio recordings from oral arguments during next week’s gay marriage cases: Proposition 8 and the Defense of Marriage Act. [National Law Journal]

    * “Way to go, Justice.” Justices Ruth Bader Ginsburg and Elena Kagan work out with a personal trainer who’s got a client list that would make Article III Groupie swoon — and he just so happens to be a records manager at D.C.’s federal court. [Washington Post]

    * Debevoise & Plimpton’s littlest litigatrix, Mary Jo White, sailed her way through the Senate Banking Committee with a vote of 21-to-1. Her nomination to lead the SEC will now head to the full Senate. [DealBook / New York Times]

    * “Our 2012 numbers aren’t as good as we would have liked.” Gee, ya think? From attorney headcount to gross revenue to profits per partner, just about everything was down in 2012 for Fried Frank. [Am Law Daily]

    * Eckert Seamans will be merging with Sterns & Weinroth, adding 17 partners and seven associates to its ranks. Someone please come up with the semen joke so I don’t have to. [Philadelphia Business Journal]

    * As if Inside the Law School Scam weren’t candid enough, Professor Paul Campos sat down for an interview to discuss how to make an informed decision when considering law school. [U.S. News & World Report]

    2 Comments / / Mar 20, 2013 at 9:04 AM
  • 'Best court-ordered pajama party ever!'

    10th Circuit, Benchslaps, Biglaw, Confirmations, Constitutional Law, Guns / Firearms, McCarter & English, Mergers and Acquisitions, Minority Issues, Money, Morning Docket, Musical Chairs, Politics, Racism, SCOTUS, Securities and Exchange Commission, Sonia Sotomayor, Supreme Court

    Morning Docket: 02.26.13

    * Our own Elie Mystal isn’t the only one who’s capable of fanning the flames of race baiting — it seems that Supreme Court justices can do it, too! We’ll probably have more on Justice Sonia Sotomayor’s benchslap later today. [The Two-Way / NPR]

    * Patience is obviously one of this judge’s virtues, because this took a looooong time. After waiting more than a year for people to put their petty political pandering aside, the Senate confirmed Robert Bacharach to the Tenth Circuit. [Blog of Legal Times]

    * Mary Jo White, the nominee to lead the SEC, will probably face her confirmation hearing in March. Her legal wranglings at Debevoise may be of interest to some, but really, who cares? She’s so cute and tiny! [Reuters]

    * Mayer Brown and the terrible, horrible, no good, very bad year: gross revenue is up overall at most Biglaw firms, but not this one. In 2012, Mayer Brown’s revenue dipped 3.7 percent for a six-year low. [Am Law Daily]

    * Kirkland & Ellis, now the fifth-largest Biglaw firm in the nation, is leading the market in terms of top dollar merger-and-acquisition deals. Now, if only the firm could get some bananas. [Crain’s Chicago Business]

    * Orderly liquidation authority may be a legitimate exercise of power under the Bankruptcy Clause, but as far as these states are concerned, it’s just another reason to hate the Dodd-Frank Act. [DealBook / New York Times]

    * Remember Peggy Ableman, the judge who ordered lawyers to attend a course on remedial civility in their “jammies”? She’s now at McCarter & English, so mind your manners. [Thomson Reuters News & Insight]

    * An “astronomically stupid” legal loophole? Unpossible! Gun trusts are seeing the limelight because Chris Dorner claims he used one to purchase his paraphernalia without a background check. [New York Times]

    6 Comments / / Feb 26, 2013 at 9:03 AM

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