Securities and Exchange Commission

  • 'I misread the question.'

    Morning Docket

    Morning Docket: 03.31.15

    * Reunited and it feels so good… to have more tuition money in our pockets: following more than 40 years apart, Rutgers-Camden Law and Rutgers-Newark Law may merge to create the Rutgers School of Law, one of the largest law schools in the country. [NJ.com]

    * In case you missed it, the courtroom erupted into chaos in the final moments of the Ellen Pao v. Kleiner Perkins trial because a juror “made a mistake” and decided to change his vote mid-verdict. Come on, give the guy a break — he’s almost 90. [WSJ Law Blog]

    * Lawmakers are awfully interested in the way that the SEC is doing its job, and they’re drafting new laws in the hope of helping the agency out. We’ll let you know how helpful this was in a few years if those bills are ever passed. [DealBook / New York Times]

    * After an incredibly unsuccessful defense of its ban on same-sex marriage, Wisconsin is going to have to shell out more than $1 million in legal fees to the ACLU — the largest single payout yet by a state in the history of cases of this kind. [National Law Journal]

    * If you’re looking to transfer to another law school after your first year in the trenches, here are three things that you absolutely, positively must do to ensure your chances of being accepted elsewhere. [Law Admissions Lowdown / U.S. News & World Report]

    8 Comments / / Mar 31, 2015 at 9:05 AM
  • Hilary Bricken

    Marijuana, Securities and Exchange Commission

    Publicly Traded Marijuana Companies: Buyer Buzzkill

    Do your due diligence before making a private marijuana investment, and do the same before you invest in any publicly traded marijuana company.

    / Mar 30, 2015 at 4:20 PM
  • powerfull employees on white

    White-Collar Crime

    Is Being a Bad Employee a Crime?

    DOJ has a clever new theory about how it can put everyone in jail.

    20 Comments / / Mar 12, 2015 at 9:57 AM
  • Mary Jo White

    Morning Docket

    Morning Docket: 02.24.15

    * Mary Jo White’s sizable net worth is causing sizable headaches over at the SEC. [DealBook / New York Times]

    * If you work at a law firm and take way too long to perform simple tasks in Microsoft Word or Excel, shape up: a new test, developed by former in-house lawyer Casey Flaherty, could expose your weaknesses — and lead to your work being discounted. [Capital Business / Washington Post]

    * More from Howard Bashman about the misadventures of Howard Shipley, the Foley & Lardner partner who might get spanked by SCOTUS for a bizarre filing. [How Appealing]

    * An S.D.N.Y. jury held the Palestinian Authority and the Palestine Liberation Organization liable for supporting six terrorist attacks and issued a verdict of $218.5 million — an award that will under the law get tripled (collected remains to be seen). [WSJ Law Blog]

    * Wall Street banks and their law firms are getting serious about cybersecurity. [New York Times]

    * Thanks to Emily Kelchen for her review of Supreme Ambitions (affiliate link), which she calls “a true legal thriller.” [Wisconsin Lawyer]

    13 Comments / / Feb 24, 2015 at 9:22 AM
  • hewitts

    Non-Sequiturs

    Non-Sequiturs: 02.12.15

    * Meet Hewie, a cuddly puppy adopted by a law firm to act as its social media avatar. Wachtell was considering the same thing, but Ragnok, Destroyer of Souls, wasn’t up for adoption. [Legal Cheek] * After throwing a hissy-fit over nuts, Korean Air Lines’ Heather Cho is sentenced to one year. Luckily for her […]

    13 Comments / / Feb 12, 2015 at 5:29 PM
  • pizza pepperoni pizza

    6th Circuit, Bar Exams, Football, Free Speech, Job Searches, Law Schools, Non-Sequiturs, Securities and Exchange Commission, Supreme Court

    Non-Sequiturs: 08.01.14

    * Law student wants some goddamned pizza. [Huffington Post]

    * Elie called for ExamSoft to refund the victims in the so-called #Barghazi incident. Now there’s a petition for that. [Change.org]

    * Litigiousness: now in infographic form! [Thomas Barry Solicitors]

    * In New York, an appellate court upheld a decision requiring a bank to forfeit interest and attorney fees for dragging out a foreclosure settlement conference through 18 court dates spanning 16 months. If you outlaw needlessly dragging out litigation to bully the other side, only outlaws will drag out litigation to bully the other side. [WiseLawNY]

    * The importance of the Sarah Jones appeal. [The Legal Blitz]

    * If you’re looking for a job, the SEC is announcing a new initiative to hire a bunch of lawyers. Including lawyers from the class of 2015! [USAJobs]

    4 Comments / / Aug 1, 2014 at 4:47 PM
  • iStock_000000588706Small

    Biglaw, Golf, Insider Trading, Partner Issues, Securities and Exchange Commission, White-Collar Crime

    Biglaw Partner Charged With Insider Trading On The Golf Course

    Caddyshack meets Wall Street as golfing buddies — including a pair of lawyers — are accused of insider trading.

    8 Comments / / Jul 15, 2014 at 12:54 PM
  • Preet Bharara

  • Modern Jury Box

    2nd Circuit, Antonin Scalia, Benchslaps, Books, Jed Rakoff, Non-Sequiturs, Securities and Exchange Commission, Supreme Court, Technology

    Non-Sequiturs: 06.09.14

    * Jury duty is the only major civic duty that no one ever talks about. Professor Andrew Ferguson would like to change that by encouraging jurors to speak up about their experience. Enjoy learning how the sausage of justice is made! [Huffington Post] * Verizon threatens to sue Netflix for honestly reporting how bad Verizon’s […]

    1 Comment / / Jun 9, 2014 at 5:06 PM
  • curse1

    Airplanes / Aviation, Federal Circuit, Federal Judges, Free Speech, Law Schools, Morning Docket, Police

    Morning Docket: 06.06.14

    * Federal judges frequently fly across the globe on other people’s dime for conferences and symposia, but 2012′s most frequent flyer is a judge who was recently embroiled in an ethics scandal: Randall Rader of the Federal Circuit. [National Law Journal]

    * Even though she claims nothing is “fundamentally broken,” Securities and Exchange Commission chairwoman Mary Jo White proposed “sweeping” new stock market regulations in an attempt to get with the times. [DealBook / New York Times]

    * U. of Maine wants to combine its business and law schools, but professors are concerned about pressing questions like, “What will the diploma say?” rather than, “Do I get to keep my job?” [Portland Press Herald]

    * Law schools are seen as cash cows for their affiliated undergraduate universities, but this law school is hurting so bad for cash due to low enrollment the university is infusing it with millions. [Minnesota Daily]

    * A Pennsylvania man is suing his local police department for First Amendment violations after he was arrested for cursing in front of officers. N.W.A has a song this guy would like. [Pittsburgh Post-Gazette]

    1 Comment / / Jun 6, 2014 at 9:08 AM
  • Johnny Manziel (By: Thomas Campbell-USA TODAY Sports)

    Citigroup, Football, Jed Rakoff, Jonathan Lee Riches, Law Reviews, Legal Ethics, Non-Sequiturs, Patents, Pornography, SCOTUS, Securities and Exchange Commission, Supreme Court, White-Collar Crime

    Non-Sequiturs: 06.04.14

    * Sad day for Jonathan Lee Riches. His lawsuit over Johnny Manziel’s penis has been thrown out of court. [Black Sports Online]

    * Hot on the heels of yesterday’s item about SCOTUS porn parties, Professor Tribe guest blogs about his new book (affiliate link) and coercion, bribery, and influence. [The Volokh Conspiracy / Washington Post]

    * Former Brooklyn DA and aspiring TV star Charles Hynes is staring down larceny accusations. [Gothamist]

    * Texas basically assigns a cop to actively discourage investigate indigent parties seeking assigned counsel. [Socialist Gumshoe]

    * The Supreme Court doesn’t like talking about patents — its opinions on the subject are getting shorter and shorter. [Patently-O]

    * A lawyer is in hot water for allowing underaged drinking at a post prom party. The point was to keep the kids from driving. But no good deed goes unpunished. [Turn to 10]

    * An interesting profile of one of my favorite professors, Ken Feinberg, labeling him “the lawyer who decides what a life is worth.” Yikes. [KDVR]

    * The business strategy of just telling clients what they want to hear deflates. [Dealbreaker]

    * Who says no one reads law reviews? The porn industry does and they really like this student Note. [XBiz]

    * This is why we can’t have nice things. Second Circuit explains that if a revolving door agency of sycophants says it’s OK, it’s OK. Full opinion below…. [New York Times]

    3 Comments / / Jun 4, 2014 at 5:03 PM
  • Congrats, professor!

    Blogging, California, Crime, Dewey & LeBoeuf, Gay Marriage, Law Professors, Media and Journalism, Morning Docket, Politics, SCOTUS, Securities and Exchange Commission, Securities Law, State Judges Are Clowns, Supreme Court, Ted Olson

    Morning Docket: 06.03.14

    * “I don’t think the government should be in the credentialing business.” Thanks to the whims of politicians, SCOTUSblog is having trouble getting media credentials to continue its coverage of the Supreme Court’s cases. [New York Times]

    * How you like me now? In Redeeming the Dream (affiliate link), a new book co-authored with David Boies, Ted Olson says he experienced “some blowback” when he announced he was taking on the Prop 8 gay marriage case. [WSJ Law Blog]

    * Steve Davis and Steve DiCarmine of failed firm fame think it’s “unfair” they have to defend themselves in a criminal case and an SEC case at the same time. They want the SEC case to be halted. Dewey think the judge will say yes? [Law360 (sub. req.)]

    * Back in 2011, Pillsbury decided to ship its back-office operations to Nashville, and now it’s hiring a small contingent of lawyers to work there. FYI, an Ivy League degree may not be necessary. [Washington Post]

    * Only in Florida would a judge allegedly challenge a public defender to a fight out back during a hearing and start throwing punches. We’ll definitely have more on this fiasco later today. [WFTV Eyewitness News]

    * Peter Mutharika, a former law professor who taught at Washington University in St. Louis Law for about 40 years, is now the new president of Malawi, where it’s illegal to fart. Congrats! [St. Louis Post-Dispatch]

    2 Comments / / Jun 3, 2014 at 9:16 AM
  • Dr. Dre

    Biglaw, Deaths, Federal Judges, Law Schools, Morning Docket, Munger Tolles & Olson, Securities and Exchange Commission, Technology, Texas

    Morning Docket: 05.30.14

    * As you may have heard, Apple is buying Beats Electronics for $3 billion. Apple is being represented by Weil, but don’t worry, no one forgot about Dre — he’s got Munger Tolles and Skadden Arps on his side. [Am Law Daily]

    * Haynes and Boone will have a new managing partner as of January 1, 2015, and to make sure he fulfills the good old Texas stereotype of things being bigger, he wants to grow the hell out of the firm’s Houston office. [Dallas Business Journal]

    * Stephanie Avakian, a WilmerHale partner in the New York office, was tapped by the Securities and Exchange Commission to become its deputy director of enforcement. Yay! [DealBook / New York Times]

    * “We can’t turn law schools into graduate school for the study of law,” says a law prof who thinks legal education is straying from being professional education. Aww, write a paper about it. [Harvard Crimson]

    * A Los Angeles couple has been accused in the hit-and-run death of Judge Dean Pregerson’s son. The judge isn’t “looking for blood,” but some jail time would probably help. [L.A. Now / Los Angeles Times]

    0 Comments / / May 30, 2014 at 9:06 AM
  • angry woman lawyer

    Biglaw, Gender, Job Searches, Law Firm Mergers, Law Firm Names, Law Schools, Morning Docket, Patton Boggs, Securities and Exchange Commission, Securities Law, Women's Issues

    Morning Docket: 05.28.14

    * “[T]hree names are unnecessary, and over time I think you’ll see Squire Patton start to take hold.” Sanders got the boot in this law firm merger, and it won’t be long before Boggs follows. [Am Law Daily]

    * The “great female brain drain” at Am Law 200 firms isn’t slowing down, and it will only get better if Biglaw firms concentrate less on their failed “fix the women” approaches. [Harvard Business Review]

    * Mary Jo White of the SEC promised to dust off an often ignored — but “potentially [] very powerful” — section of securities law to pursue financial violations. Be wary of the “innocent instrumentality” doctrine, defense attorneys. [DealBook / New York Times]

    * We’ve got some breaking news for our readers from the “no sh*t” department: Law school graduates are still having a very tough time getting jobs as lawyers, and there is no real end in sight. [Sacramento Bee]

    * If you’re looking for a way to explain a switch in your undergrad major when applying to law school, show admissions committees how pretty your grades are now. Tada! [Law Admissions Lowdown / U.S. News]

    2 Comments / / May 28, 2014 at 9:08 AM
  • Dog and Cat above white banner

    Death Penalty, Mary Jo White, Non-Sequiturs, Prostitution, Rape, Securities and Exchange Commission

    Non-Sequiturs: 05.05.14

    * Pet therapy? This is what you’re doing with your time? This is why Cardozo can’t have nice things. [Cardozo Law]

    * Nobody likes name-calling, but opting for the death penalty just because you don’t want to be called “retarded”? That’s, um, what’s the word I’m looking for? [Cincinnati Enquirer]

    * Remember when Mary Jo White was going to bring teeth to the SEC? Well, that’s all over. [New Republic]

    * Live tweeting a prostitution sting. Yeah there’s no way this could go wrong. [Slate]

    * Law student says cops beat him so hard he lost a testicle. Um. That’s horrible. [KOB]

    * Do you fancy yourself a funny lawyer? Then enter New York’s Funniest Professional competition. Lawyers square off later this month. [Gotham Comedy Club / Manhattan Comedy School]

    * Judge sentences rapist to 45-days and community service… working in a rape crisis center. How could anyone be this tone-deaf? Oh, it’s in Texas? Never mind. [CNN]

    * California lawyers now must promise to be courteous. Play nice, kids. [LA Times]

    * Finally, it’s time to wish a happy birthday to Winston & Strawn’s Jonathan Amoona, who was on the 2014 Forbes 30 Under 30 list. I guess he won’t be anymore. His 30th birthday invitation went out to the managing partner and a bunch of the top rainmakers, which isn’t toolish at all. The invite is available after the jump….

    6 Comments / / May 5, 2014 at 5:02 PM
  • 600px-US-SecuritiesAndExchangeCommission-Seal-RF.svg

  • marijuana pot cannabis

    Election Law, Gay, Jury Duty, Marijuana, Non-Sequiturs, Securities and Exchange Commission, Supreme Court

    Non-Sequiturs: 04.04.14

    * DEA Administrator decides to up the ante on the stupidest argument against marijuana legalization ever: it’s harmful to dogs. The DEA’s plan to ban chocolate is still in draft. [The Volokh Conspiracy / Washington Post]

    * Everyone’s up to date on the Florida lawyer and right-wing congressional candidate with the vampiric cosplay rape fantasies, right? Okay good. [Gawker]

    * Jurors say police used excessive force but that the beating didn’t injure the plaintiff. In other news, Florida has a senility problem. [The Florida Times-Union]

    * Did anybody notice that Chief Justice Roberts — the author of Shelby County — opened McCutcheon by labeling the right to participate in electing leaders as fundamental with absolutely no irony. [Reuters]

    * Anti-gay job discrimination may already be illegal. [Slate]

    * The bad economy pits criminal defense lawyers against each other. They shouldn’t do that. [Katz Justice]

    * The SEC doesn’t have to abide by the Brady rule and Mark Cuban’s not happy about it. [Wall Street Journal]

    2 Comments / / Apr 4, 2014 at 3:26 PM
  • Zachary Warren RF Zach Warren

    6th Circuit, Biglaw, Clerkships, Dewey & LeBoeuf, Hotties, Securities and Exchange Commission, White-Collar Crime, William and Mary School of Law, Williams & Connolly

    What Else Dewey Know About Zachary Warren?

    Additional information about defendant number 4 in the Dewey criminal case, including testimonials from people who know him and information about his family’s finances.

    30 Comments / / Mar 21, 2014 at 2:21 PM