(1) Monopolies are generally illegal.
(2) Like baseball, patents make monopoly laws get a little funky.
(3) Courts really really really like to encourage settlements.
So, when two companies get together, and work out a settlement that makes a whole patent infringement lawsuit go away, and the only objection is that pesky Federal Trade Commission complaining that the settlement is anticompetitive, you can understand why a federal court could meditate on points (2) and (3) and dismiss that FTC complaint.
Yet, in FTC v. Actavis, the Supreme Court yesterday made it harder to settle some patent infringement suits, saying that sometimes a settlement of a lawsuit can be an antitrust problem.
If Congress wants lessons on how things work from Jamie Dimon, they should have to pay him a speaker fee or something.
* Another year, another survey that shows prospective law students care more about the U.S. News Law School Rankings than anything else when applying to law school. In fact, it’s the exact same number from 2010. Kids are dumb. [Kaplan]
* Everybody is worried about what will happen when computers replace attorneys. I’m much more interested in what will happen when computers replace hookers. [The Atlantic]
* If watching our Congress ask idiot questions of Jamie Dimon doesn’t make you feel like we need vastly more intelligent Congresspeople, maybe watching them fawn over Jamie Dimon will do the trick. [Dealbreaker]
* I really hadn’t thought of this — in addition to your huge educational debts, your parents are most likely out there spending your inheritance. I swear, if I ever spend money on more education, it’s going to be on a post-apocalyptic survivalist class. [Law and More]
* Former TSA lady gropes current TSA lady after inappropriate groping from TSA. [Threat Level / Wired]
* In real life, unlike Monopoly, a bank error is never really in your favor. [Legal Blog Watch]
* Do the Republicans have an abortion problem? [New Yorker]
* Happy Birthday, Lat! Check out the very cool gift (affiliate link) that he received in the mail today — signed by one of the authors. [Twitpic via Twitter]
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 seven years. You can reach them by email: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
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