SAC Capital

  • 445px-Woody_Allen_(2006)

    Harvard, Insider Trading, Law Professors, Law Schools, Legal Ethics, Non-Sequiturs, Screw-Ups, Sex, Sex Scandals, Tax Law, United Kingdom / Great Britain, Wall Street

    Non-Sequiturs: 02.10.14

    * The Woody Allen-Mia Farrow custody findings were pretty damning. But for legal geeks, the important point is footnote 1, where the opinion shouts out then-clerk, now federal judge Analisa Torres for her role in drafting the opinion. [Huffington Post]

    * Um… you shouldn’t do that with a sea anemone. [Air Force Court of Criminal Appeals]

    * Judge Stanwood Duval presided over the criminal trial of a BP engineer arising from the BP oil spill. He forgot to mention that he was a plaintiff in a suit against BP arising from the BP oil spill. Oops.[New Orleans Times-Picayune]

    * Maybe Harvard needs some new tax lawyers. [Chronicle of Higher Education]

    * Apparently, the Brits aren’t too thorough with their background checks. A lawyer got exposed for lying about having two Harvard degrees. It only took bar authorities 9 years to figure it out. [Legal Cheek]

    * Elie weighs in on the McGruff the crime dog story from last week. [ATL Redline]

    * And part of the problem with the background check may start at the law school stage — the U.K. doesn’t consider criminal convictions for fraud in the U.S. as “relevant” for future practitioners of law. One tipster wonders if Stephen Glass should try his luck outside America? [New York Times]

    * UNLV Professor Nancy Rapoport offers some mixed thoughts on the Santa Clara professor’s “Local Rules.” [Nancy Rapoport’s Blogspot]

    * Mathew Martoma’s conviction probably doesn’t mean all that much. Except to him, of course. For him it means some quality time in federal prison. [Dealbreaker]

    6 Comments / / Feb 10, 2014 at 5:03 PM
  • Mathew Martoma RF

  • Goodwin Procter logo

    Associate Salaries, Biglaw, Billable Hours, Bonuses, Money, Pro Bono

    Associate Bonus Watch: Goodwin Procter

    How good were Goodwin’s bonuses for 2013?

    3 Comments / / Jan 23, 2014 at 2:06 PM
  • Harvard Law School 2

    A. Raymond Randolph, Clerkships, D.C. Circuit, David Sentelle, Douglas Ginsburg, Federal Judges, Feeder Judges, Harvard, Hedge Funds / Private Equity, Insider Trading, Law Schools, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime

    Harvard Law Students Are The Best — At Making Up Fake Transcripts

    Which D.C. Circuit judges almost hired Mathew Martoma, defendant in the biggest insider trading case ever, back when he was a Harvard law student?

    11 Comments / / Jan 13, 2014 at 3:46 PM
  • If you want to be a partner at one particular firm, it's behoove you to know this guy...

    Abortion, Football, John Roberts, Music, Non-Sequiturs, Sports

    Non-Sequiturs: 01.09.14

    * Breaking News: “An Indian diplomat has been indicted on federal charges of visa fraud. Prosecutors say Devyani Khobragade has left the U.S.” [CNN]

    * The Bancroft firm just added three new partners. It’s apparently “not a prerequisite” to clerk for Chief Justice Roberts to be a partner at the firm, but it sure looks like it is. [The Blog of the Legal Times]

    * Pressure is mounting on courts to recognize that Americans have a reasonable expectation of privacy. Do these people not watch Person of Interest? [Ramblings on Appeal]

    * In a continuing series on why the “nuclear option” isn’t the panacea liberals thought it was, here are four reasons why Noel Canning is still a huge deal even if the Senate Democrats can force through judicial nominations over filibusters. [Constitutional Accountability Center]

    * A fun interview with a lawyer turned professional athletics commissioner. Specifically, the commissioner of Sterling Archer’s favorite sport, lacrosse. [The Legal Blitz]

    * Vermont is looking to pass a bill affirming abortion as a right, majorly bucking the trend of the rest of the country over the last year. Sounds about right for the state with a socialist senator. [Jezebel]

    * The NFL’s concussion settlement sounded kind of fishy already, but now it looks like the initial prediction is going to be way off. [PR Log]

    * Turns out a former SAC Capital Advisors trader embroiled in an insider trading case was expelled from Harvard Law School in 1999 for creating a false transcript. It’s good to know Wall Street is right there for all those cast off by law schools for ethical lapses. [Dealbook / New York Times]

    * More coverage of the Insane Clown Posse suit, and more insight from our own Juggalo Law. [Washington Post]

    * Chris Brown rejected a plea deal on an assault charge. Any time I think of Chris Brown I think of this Key & Peele bit. And if you don’t know who Key & Peele are, then you’re missing out… [Billboard]

    0 Comments / / Jan 9, 2014 at 5:17 PM
  • duck-dynasty-homophobia

    Biglaw, Cocaine / Crack, Drugs, Insider Trading, Locke Lord, Locke Lord Bissell & Liddell, Morning Docket, Patton Boggs, Trials, Wall Street

    Morning Docket: 12.20.13

    * Kansas Law School has been fined and censured by the ABA for recruiting violations surrounding Andrew Wiggins. Wait, no, I got that wrong. KU Law started an LL.M. program without asking, which I’m sure they did only because Wiggins is from Canada. [Topeka Capital-Journal]

    * The proposed merger between Patton Boggs and Locke Lord has been called off. Fingers crossed that Bendini Lambert is the next target for Locke Lord. [Am Law Daily]

    * Mayor Bloomberg swears at his last set of judges. I mean swears “in.” Man, who gets up this early? [NYC.gov]

    * President Obama commutes the sentences of eight inmates convicted of crack-cocaine offenses. [New York Times]

    * New Mexico is Breaking Gay. [Bloomberg]

    * Did EA know Battlefield 4 would kind of suck before they released it? [Techspot]

    * So evidently R. Kelly isn’t “trapped” in the closet, so much as he’s hiding there waiting for your daughter to come home. [The Root]

    * Here’s your homework for today: everybody has to go find a dispirited Duck Dynasty fan and patiently explain to him or her the difference between a government infringement on free speech and a network momentarily suspending a bigot. You’re not allowed to punch the fans, you can only use words, and if necessary, hand gestures. [Huffington Post]

    * An inside look at the jury deliberations in the recent insider trading trial of Michael Steinberg of SAC Capital. [New York Times]

    7 Comments / / Dec 20, 2013 at 9:07 AM
  • 800px-United_States_Capitol_west_front_edit2

    Barack Obama, Drinking, Insider Trading, Magic Circle, Morning Docket, Supreme Court, Videos, YouTube

    Morning Docket: 12.04.13

    * Law professors testify to Congress that President Obama is abusing his power by circumventing Congress. Is this the Congress that takes 239 days of vacation each year and set a record for being the least productive in history? I wonder why any chief executive would circumvent them… [The Blog of the Legal Times] * […]

    1 Comment / / Dec 4, 2013 at 9:13 AM
  • Ted Cruz

    9th Circuit, Biglaw, Crime, Insider Trading, Job Searches, Law Firm Mergers, Law Schools, Morning Docket, Patents, R. Ted Cruz, Sports, Technology, Trials

    Morning Docket: 11.11.13

    * After months of gains, the legal industry lost 900 jobs in October, just as some of the big state bar exam results came out. We imagine the folks who rallied for the 10-months-after-graduation employment statistic are as pleased as punch. [Am Law Daily]

    * “How do we find a new inventory of high net worth clients?” The answer for Kelly Drye was really quite simple: it seems that pro athletes are willing to pay just about anything to keep themselves from going bankrupt. [Capital Business / Washington Post]

    * “I don’t know why it’s better to use a bigger firm.” When it comes to the latest law firm mega-mergers, some say that it’s not the size of the boat, but the motion of the ocean. [Wall Street Journal (sub. req.)]

    * It’s like Groundhog Day for these Biglaw attorneys: Apple and Samsung are preparing for the “patent trial of the century,” part deux, and both MoFo and Quinn Emanuel have enlisted new lineups. [The Recorder]

    * SAC Capital’s general counsel is okay, “[a]ll things considered.” His painful appendectomy is nothing compared to the $1.2 billion his hedge fund has to pay the government. [DealBook / New York Times]

    * Ted Cruz might be an “AASS,” but he’s done at least one awesome thing in his life. He once drank so much Everclear that he completely ruined a play put on by the Harvard Law drama society. [Boston Globe]

    * The Z-list actress who sued IMDb for revealing her age filed an appeal with the Ninth Circuit because hey, some of those judges are pretty old. Maybe they’ll sympathize. [Hollywood, Esq. / Hollywood Reporter]

    2 Comments / / Nov 11, 2013 at 8:59 AM
  • rainbow flag

    Biglaw, Drugs, Gay, Gay Marriage, Hedge Funds / Private Equity, Morning Docket, New Jersey, Partner Issues, SCOTUS, Supreme Court, Wall Street

    Morning Docket: 11.06.13

    * “Some discrimination’s okay. It’s only certain kinds that aren’t good.” We’ve got a feeling we know which side the Supreme Court will come out on when it comes to the Mount Holly Gardens case in New Jersey, so fare thee well, Fair Housing Act. [MSNBC]

    * Hallelujah! After last month’s miraculous news of this troubled firm finding a savior in Cooley LLP, the Left-Behinders of the Dow Lohnes partnership ranks are counting their blessings as they slowly but surely find new homes elsewhere. [Am Law Daily]

    * After a political process that’s lasted for ages, now all that’s needed is the governor’s signature, and then Illinois will become the 15th state to officially have legalized same-sex marriage. Hooray! [New York Times]

    * Lawyers for accused Boston Marathon bomber Dzhokhar Tsarnaev are annoyed that access to their client has been limited by jailhouse rules. A judge will slap down their motion next week. [National Law Journal]

    * Bring it on: To keep things “simple,” prosecutors have dropped two felony charges against Kent Easter, the lawyer who allegedly planted drugs on a PTA volunteer at his son’s school. [Navelgazing / OC Weekly]

    * What does SAC Capital’s $1.2 billion settlement with the government mean for the hedge fund industry? [DealBook / New York Times]

    10 Comments / / Nov 6, 2013 at 9:16 AM
  • Steve Cohen SAC Capital

  • iStock_000007618017XSmall

    Antonin Scalia, Bloomberg, D.C. Circuit, Death Penalty, FDA, Football, Gay, Gay Marriage, Insider Trading, Non-Sequiturs, Technology

    Non-Sequiturs: 07.23.13

    * The D.C. Circuit has banned the import of Sodium Thiopental, putting a crimp in the plans of any state looking to administer lethal injections. This is where Delaware has it right… no one is going to outlaw rope. [The Volokh Conspiracy]

    * Steve Cohen didn’t read 89 percent of his emails. In his defense, “I think I’m guilty of insider trading” and “I am a Nigerian Prince” are probably both getting caught by the spam filter. [DealBreaker]

    * Sequestration has put the pinch on the rights of indigent federal defendants to receive legal representation. But at least our airlines are shielded from hardship. [PrawfsBlawg]

    * “Just as Justice Scalia predicted in his animated dissent, by virtue of the present lawsuit, “the state-law shoe” has now dropped in Ohio.” [USA Today]

    * Wire Lawyer is running a competition among law school alumni to see which schools are the most technologically progressive. What do you know, people from Seattle and California are winning a technology competition. [Wire Lawyer]

    * Hall of Famers Art Monk and Darrell Green have joined the movement to get Washington to stop using the ‘Redskins’ name. [ESPN]

    * Bloomberg takes a look at the legal controversy brewing around unpaid internships. Video after the jump… [Bloomberg Law via YouTube]

    5 Comments / / Jul 23, 2013 at 5:29 PM
  • Erika Harold

    American Bar Association / ABA, B for Beauty, Bar Exams, Cellphones, Department of Justice, Eric Holder, Federal Judges, Health Care / Medicine, Insider Trading, Job Searches, John Edwards, Kasowitz Benson, Kids, Morning Docket, Privacy

    Morning Docket: 06.06.13

    * AG Eric Holder sat down and had a little chat about what’s been going on at the Justice Department. He’s not impressed with his agency’s work, but he claims he’s not stepping down just yet. [NBC News]

    * “Can you hear me now?” Oh, Verizon, what an apropos slogan you’ve got considering the latest government scandal. The NSA has been spying on you through your phone records since late April. [Guardian]

    * Lawyers for Matthew Martoma still want more time to comb through millions upon millions of documents in their client’s insider trading case, but it seems rather pointless after a judge’s kiss of death. [Reuters]

    * Looks like she got her wish: thanks to Judge Michael Baylson, a little girl with terminal cystic fibrosis may have a better chance at getting a longer lease on life in this donor lung transplant case. [CNN]

    * Being a politician didn’t really work out so well for him, so John Edwards is going to try his hand at being a lawyer again. Just think of all of the lovely ladies he’ll be able to pick up as clients. [USA Today]

    * Speaking of former public servants who are getting back into the law, Ken Salazar will be opening the Denver office of WilmerHale — and when it comes to pay, he’s got a “very good package.” [Denver Post]

    * And not to be forgotten, famous flip-flopper Joe Lieberman will be taking his services to Kasowitz Benson. We certainly hope the firm will appreciate his superior legal mind. [WSJ Law Blog (sub. req.)]

    * The ABA is considering law school job data collection 10 months after graduation, instead of nine, because bar exam results come out so late. Like that extra month will help… [National Law Journal]

    * Erika Harold, a Harvard Law grad and ex-Sidley associate known for her reign as Miss America, is running for Congress in Illinois. What will she she do for the talent portion of the competition? [Politico]

    1 Comment / / Jun 6, 2013 at 9:09 AM
  • copy machine

    Akin Gump, Antonin Scalia, Biglaw, Clarence Thomas, Insider Trading, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 04.17.13

    * “Yes, it is true.” Justice Scalia admitted in a speech this week that he was guided to the right by his colleague, Justice Thomas, who’s apparently “a very stubborn man.” [Wall Street Journal (sub. req.)]

    * It’s about time to say so long to your ticking tax time bomb: in President Obama’s proposed budget for 2014, he eliminates taxes on forgiven loan debt under all IBR plans. [Bucks / New York Times]

    * “I am the luckiest man in the world.” Larry Macon, an Akin Gump partner from Texas, had nearly finished the Boston Marathon when the bombs exploded, but lived to tell his tale. [Am Law Daily]

    * Because sometimes you need to steal $374K worth of copy toner. This ex-Fried Frank staffer pleaded guilty to grand larceny, and is looking at up to 15 years in jail. [Thomson Reuters News & Insight]

    * Judge Victor Marrero isn’t a fan of SEC policy, but when it comes to this civil insider trading case, SAC Capital may get to walk away without admitting or denying anything. [DealBook / New York Times]

    * This Yale Law graduate is suing Brooks Brothers over a three-button suit, and wants $2K for the 90 minutes he spent arguing over it in the store. Who is the $1320/hour man? [New York Daily News]

    7 Comments / / Apr 17, 2013 at 9:03 AM
  • lilo

    Biglaw, Book Club, Books, D.C. Circuit, Guns / Firearms, Intellectual Property, Jed Rakoff, Law Schools, Legal Ethics, Lindsay Lohan, Morning Docket, Partner Issues, Patents, Politics, Senate Judiciary Committee, Wall Street Journal, Weddings

    Morning Docket: 04.11.13

    * “I don’t believe judges should be filibustered.” Tell that to the rest of your Republican pals, Senator Hatch. D.C. Circuit nom Sri Srinivasan faced little drama at the Senate Judiciary Committee yesterday. [Bloomberg]

    * A bipartisan gun regulation deal has been reached in the Senate, and of course the NRA is opposing it — well, except for the parts that expand gun rights. The group really likes those parts. [Washington Post]

    * Trolling for patent partners? Bingham recently snagged five IP partners from DLA Piper’s Los Angeles office, including the former co-chair of DLA patent litigation department. [Thomson Reuters News & Insight]

    * Time well spent: while Detroit hangs on the precipice of bankruptcy, local politicians are worrying about whether retaining Jones Day poses a conflict of interest for their emergency manager (formerly of Jones Day). [Am Law Daily]

    * NYLS — or should we say “New York’s law school” — is revamping its clinical program to kill two birds with one stone (e.g., fulfilling pro bono hours and boosting job prospects). [National Law Journal]

    * For all the talk of his being a hard ass, Judge Rakoff is a nice guy after all! The judge gave an ex-SAC trader permission to go on a honeymoon after his release from prison. [DealBook / New York Times]

    * If you’ve ever wondered how Lat spends his free time, sometimes he’s off writing book reviews for distinguished publications. Check out his review of Mistrial (affiliate link) here. [Wall Street Journal]

    * “Lindsay Lohan is the victim.” What the Heller you talking about? LiLo’s lawyer thinks there’s a conspiracy among the prosecutors on her case that’s resulted in leaks of information to TMZ. [CNN]

    5 Comments / / Apr 11, 2013 at 9:10 AM
  • Alan Dershowitz, Bar Exams, Gloria Allred, Jeffrey Toobin, New Jersey, Non-Sequiturs, Pets, Violence, Wall Street

    Non-Sequiturs: 11.20.12

    * Better late than never: congratulations to everyone who passed the New Jersey bar exam. You’re just in time to get in on some Sandy class-action litigation. [New Jersey Board of Bar Examiners]

    * Congratulations to all the honorees from the National Asian Pacific American Bar Association conference in D.C. last weekend — including, but not limited to, the Best Lawyers Under 40 awardees. [NAPABA]

    * And congrats to Professor Sherrilyn Ifill, incoming president and director-counsel of the NAACP Legal Defense & Educational Fund, Inc. [Concurring Opinions]

    * Does every bra made in America have Gloria Allred’s phone number sewn into it? [WSJ Law Blog]

    * Who is “Portfolio Manager A” in the latest major insider-trading scandal? [Dealbreaker]

    * You don’t need to be a dog lover to find these allegations abhorrent. [Alabama Live]

    * Want to avoid dating Democrats (or Republicans)? There’s an app — okay, two websites — for that. [Jezebel]

    * After the jump, Jeffrey Toobin and Alan Dershowitz discuss Obamacare….

    Toobin is the author of The Oath (affiliate link). Dersowitz is the new owner of a $1.7 million Manhattan apartment. Their conversation took place last Friday, November 16, at the 92nd Street Y.

    1 Comment / / Nov 20, 2012 at 5:03 PM
  • Hotties, Law Professors, Law Schools, Non-Sequiturs, Rape, Video games, Women's Issues

    Non-Sequiturs: 12.14.11

    * Now that Chicago has bared it all, isn’t it time for other law schools to fall in line? Show us the stats for the class of 2010 already. [Law School Transparency] * And this is why your mother told you not to talk to strangers. [Legal Juice] * If you’re going to send out […]

    6 Comments / / Dec 14, 2011 at 5:36 PM

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