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- Abortion, Bankruptcy, Biglaw, Constitutional Law, Dewey & LeBoeuf, Health Care / Medicine, Insider Trading, Lindsay Lohan, Money, Morning Docket, SCOTUS, Securities and Exchange Commission, Supreme Court
A few years ago, the law firm of Nixon Peabody came up with a catchy jingle to celebrate its own fabulosity. You can listen to the song here, in case you’ve never heard it. The chorus went as follows: “Everyone’s a winner at Nixon Peabody!”
Alas, a recent lawsuit filed against Nixon Peabody by a former partner at the firm, David Tamman, does not put the firm in a very winning light. Instead, it just makes everyone look bad.
The allegations are seamy. What does Tamman allege?
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* Judge Douglas Ginsburg (D.C. Cir.) is taking senior status and joining the NYU Law faculty. Query how this will affect his feeding (and no, we’re not talking about New York versus D.C. restaurants). [The BLT: The Blog of Legal Times]
* “Two Examples of Things Not to Say When You’re at Your Local IRS Office.” [Going Concern]
* Speaking of efficiency-challenged government entities, how can the U.S. postal service be fixed? Professor Gerard Magliocca floats some ideas. [Concurring Opinions]
* Should you rinse religion from your résumé? Reflections from Professor Paul Horwitz. [PrawfsBlawg]
* What’s the deal with high-frequency trading algorithms? Fear not; the SEC is on the case. [Dealbreaker]
- American Constitution Society (ACS), Ann Althouse, Fast Food, Law Schools, Money, Non-Sequiturs, Securities and Exchange Commission, Student Loans, Technology
* What kind of “reasonable accommodations” are alcoholics entitled to in the workplace? A three-
martini mojito lunch sounds good to me. [Overlawyered]
* Professor Ann Althouse on the exoneration of Justice David Prosser (noted in Morning Docket): “A justice is despised because his decisions do not please liberals, and so, without thought, they forgot about things liberals like to love themselves for caring about, such as fairness and due process.” [Althouse]
* The American Constitution Society is holding an online symposium in honor of the unveiling of the Martin Luther King Jr. National Memorial. [ACSblog]
- Craigslist, Food, Law Professors, Law Schools, Securities and Exchange Commission, Sex Scandals, Technology
* Congratulations to the Best LGBT Lawyers Under 40 (class of 2011). Perhaps you know some of the inductees? [National LGBT Bar Association]
* Tyler Clementi joked about Dharun Ravi’s parents owning a Dunkin’ Donuts shop. [New York Magazine]
* The SEC is sniffing around S&P; Matt Levine explains why. [Dealbreaker]
* When it comes to taking “reasonable” steps to prevent disclosure of privileged materials, perfection is not required, according to Magistrate Judge Paul W. Grimm. [Catalyst E-Discovery Search Blog (Bob Ambrogi)]
* The bionic lawyer is coming. [CNET]
* Hell hath no fury like a woman
scorned. [Not So Private Parts/Forbes]
* Thank God somebody in Georgia understands the difference between Goth kids and murderers. [Siouxsie Law]
* The headline on this Pabst v. SEC story is worth the click. [WSJ Law Blog]
* Mitt Romney thinks gay should work, just not fall in love. [Poliglot / Metro Weekly]
* Here are 25 legal marketing cliches to avoid… or only use ironically, amiright? [Ross's Law Marketing Blog]
* J’Accuse…! The S.E.C. has, so far, been operating on a Lone Frenchman theory in regard to mortgage securities fraud at Goldman Sachs. [New York Times]
* This article suggests that the dumb question of the 21st century is “Is it legal?” I suggest the honor go to “F**king magnets, how do they work?” [CBS News]
* Arizona is suing the Justice Department over the Notorious P.O.T. [WSJ Law Blog]
* The woman who accused two New York cops of raping her released a statement yesterday. [New York Post]
* Joran van der Sloot’s attorney has van der quit. The case. It’s a play on his name. Van der quit. [CNN]
- Biglaw, Crime, Fast Food, Gay, Gay Marriage, Insider Trading, Kids, Labor / Employment, Mergers and Acquisitions, Securities and Exchange Commission, Securities Law, Wall Street, White-Collar Crime
Matt Kluger, Ex-Biglaw Associate Charged With Insider Trading, Is A Gay Dad — and Once Sued Fried Frank Over ItBy David Lat
“Aww, Matt, why do you have to go around giving us a bad name?”
Ever since Matthew Kluger was charged in a massive insider trading case, involving an alleged conspiracy that spanned 17 years and generated more than $32 million in profit, the foregoing question could be asked by many groups: Cornell grads, NYU law grads, Cravath lawyers, Skadden lawyers, and Wilson Sonsini lawyers.
Tonight we can add more groups to the list: Fried Frank lawyers, and gays — specifically, gay dads.
As reported by the Wall Street Journal earlier tonight, Matt Kluger worked at yet another major law firm: Fried Frank. After he was fired by the firm in 2002, he sued, claiming that partners there discriminated against him because he’s gay — and a father of three, with parenting responsibilities.
Just when you thought this case couldn’t get any weirder, it just did. Matthew Kluger is gay. And a dad. With three kids. Thanks for sending America such a positive image of LGBT parents, Matt!
Let’s take a closer look at Kluger’s suit against Fried Frank — and additional details about Matt Kluger’s complicated personal life, gleaned from ATL tipsters….
- Biglaw, Crime, Insider Trading, Lawyer of the Day, Mergers and Acquisitions, Wall Street, White-Collar Crime
There’s no contest today for Lawyer of the Day honors. The clear winner is Matthew Kluger, a former associate at three leading law firms, who has been charged in a massive insider trading case. Kluger stands accused of reaping more than $32 million in profit over the course of a 17-year conspiracy, which also allegedly involved a trader, Garrett Bauer. (Kluger and Bauer might not be as big as Raj Rajaratnam, who’s pretty hefty, but their supposed scheme is nothing to scoff at.)
The charges were filed by Paul Fishman, U.S. Attorney for New Jersey (disclosure: my former office). Fishman claims that Matt Kluger passed along insider information that eventually made its way, via an unnamed co-conspirator, to Garrett Bauer, who traded on it. According to the complaint, Kluger and Bauer invested more than $109 million in the scheme, which yielded profits of more than $32.2 million.
Where did Kluger allegedly obtain the inside information? From the three Biglaw firms where he once worked on M&A deals….