Ha ha. Let’s check out this “complaint” below. And if you don’t know who Afroman is, you’re in for a treat…
CORRECTION (1:30 PM): I initially thought this lawsuit was a joke. But according to Claudia Lyster, marketing manager for the two law firms bringing the action, “I want to assure you the lawsuit filed against Afroman this morning in Franklin County Municipal Court is very real. Here is a time-stamped copy of the Complaint.”
* Apple was hit with a lawsuit by parents angry that their credit cards were being used by their stupid kids to buy dumb swag in iPhone games. [Time]
* An Italian fortune, an American woman, and the suggestion that paternity sometimes cannot be forcefully established by the simple query “Who dat is?” [New York Times]
* When police use GPS to lojack hoes that drive Volvos and Rodeos, can they do it without a warrant? [WSJ Law Blog]
* An article about the ABA Commission on Ethics 20/20, or something like that. I’m not sure as I dozed off halfway through, like I regularly did during Ethics class in law school. [ABA Journal]
* This post details various sports goings-on, like the possible move of the Sacramento Kings and former linebacker and all-around gentleman Bill Romanowski. Because Lat demands all the sports coverage we can find. [Am Law Daily]
Gov. Schwarzenegger should have a pretty mellow retirement.
It’s Friday, many of you ain’t got no job, and California is going to let you get high!
Don’t let the somewhat tepid headline fool you. Governor Arnold Schwarzenegger took a major step towards decriminalizing marijuana possession today.
If you don’t smoke up, the news can seem kind of minor. Schwarzenegger signed a bill that reduces possession of an ounce or less of weed from a misdemeanor to an infraction. That doesn’t make recreational use of marijuana legal or anything — and that’s too bad, because that means broke-ass California can’t slap a sin tax on pot and thereby get its financial house in order.
But the ramifications of the legislation are still significant for recreational pot users…
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: