Securities and Exchange Commission

  • cooley law logo

    Arent Fox, Bankruptcy, Biglaw, Education / Schools, Family Law, In-House Counsel, Law Professors, Law Schools, Morning Docket, Pro Bono, Securities and Exchange Commission, Securities Law, Student Loans

    Morning Docket: 07.22.13

    * Though she be but little, she is fierce! Under Mary Jo White’s guidance, the Securities and Exchange Committee is now cracking down on financial fraud with a vengeance. [DealBook / New York Times]

    * When a Biglaw firm’s chairman skeptically says, “Uh, OK, I mean, maybe,” with regard to a future increased demand for legal work, you know things are bad. We’ll have more on this later today. [New Republic]

    * With Detroit’s downfall, vultures are swooping in left and right to snag clients. Firms retained thus far include Weil Gosthal, Arent Fox, Kirkland & Ellis, Winston & Strawn, and Sidley Austin. [Reuters]

    * “I’m not a 100% sure this is legal.” Two law professors have come up with a revolutionary way for law students to finance legal education that sounds like it just might work. [WSJ Law Blog (sub. req.)]

    * Normally when Biglaw firms and legal departments go to court over contested litigation, something’s gone wrong, but this summer, they’re trying to do some good in the world. [National Law Journal]

    * Soon, it’ll be known as Western Michigan University Thomas M. Cooley Law School, but even with a new name, you’re still going to be Cooley, and there’s no recovery from that. [Lansing State Journal]

    * In Greenwich, Connecticut, the fact that people buy homes where they want their kids to go to school isn’t a “complicated concept.” The schools’ racial diversity, on the other hand, is. [New York Times]

    9 Comments / / Jul 22, 2013 at 9:07 AM
  • 220px-James_Abram_Garfield,_photo_portrait_seated

    Elena Kagan, Fashion, Labor / Employment, Mergers and Acquisitions, Non-Sequiturs, Patents, Securities and Exchange Commission, Supreme Court

    Non-Sequiturs: 06.13.13

    * How often are you sitting around wondering about all the legal ins-and-outs of the assassination of James Garfield? Wonder no more. [The Legal Geeks]

    * A love poem with citations to the U.C.C. You know, if you never plan on getting laid again. [Law Poetry]

    * Justice Kagan dials 867-5309. [Slate]

    * Underage models in New York are now covered by child labor laws. In related news, American Apparel stops making any ads whatsoever. [Fashionista]

    * When a bank nixes your merger, just go ahead and do it another way and bury the bank’s opinion. There’s not much the SEC can do about it anyway. [Dealbreaker]

    * Pepper Hamilton’s Nina Gussack is making it rain. [The Careerist]

    * Eric Posner has no beef with the NSA. [Constitutional Daily]

    * States: The New (Patent) Troll Slayers [Slate]

    1 Comment / / Jun 13, 2013 at 5:41 PM
  • bernie madoff RF

    Bernie Madoff, Money, Quote of the Day, Securities and Exchange Commission, Securities Law, Wall Street

    Who’s the Idiot Now, Bernie?

    This infamous Ponzi schemer has some advice for the SEC.

    6 Comments / / Jun 5, 2013 at 3:05 PM
  • Six Flags Great Adventure

    Drugs, General Counsel, In-House Counsel, James Comey, Morning Docket, Securities and Exchange Commission

    Morning Docket: 05.30.13

    * Obama nominates a Bush Republican to head the FBI. James Comey was on all sorts of Bush short lists. Kumbaya. [New York Times]

    * A nice summer reminder: this woman didn’t recover damages from Great Adventure water ride injury. Here’s another reminder: Six Flags destroys Disney. [New Jersey Law Journal]

    * NASDAQ gets BTCHSLAPD. [National Law Journal]

    * Meanwhile, Total Oil is also getting slapped by the SEC. Looks like somebody over there ate their Total. [Breaking Energy]

    * The “elitist white boy” approach to law enforcement gets called out. Bobby Rush is now my hero. [Talking Points Memo]

    * Darius Kingsley, a former Treasury official, is the new co-general counsel of JPMorgan’s commercial bank. [Corporate Counsel]

    * Florida Governor Rick Scott can’t randomly drug test all state workers. I’d be in favor of random drug testing for Rick Scott voters. [Reuters]

    11 Comments / / May 30, 2013 at 9:04 AM
  • Casey Anthony

    Bankruptcy, Biglaw, Books, Crime, Department of Justice, Dewey & LeBoeuf, Federal Judges, Job Searches, Law Schools, Litigatrix, Morning Docket, Partner Issues, Securities and Exchange Commission, Securities Law, Trials, Women's Issues

    Morning Docket: 05.08.13

    * “Is there a public interest in unwanted pregnancies … that can often result in abortions?” The judge who ordered that Plan B be made available to all women regardless of age is pissed at the DOJ. [The Caucus / New York Times]

    * Mary Jo White, the littlest litigatrix, will “review” the Securities and Exchange Commission’s policy of allowing financial firms to settle civil suits without affirming or denying culpability, but for now, she’s defending it. [Reuters]

    * Dewey know what this failed firm is supposed to pay its advisers for work done during the first nine months of its bankruptcy proceedings? We certainly do, and it’s quite the pretty penny. [Am Law Daily]

    * In a round of musical chairs that started at Weil Gotshal, Cadwalader just lost the co-chairs of its bankruptcy practice and another bankruptcy partner to O’Melveny. [DealBook / New York Times]

    * Another day, another law school comparison website. Take a look at Law Jobs: By the Numbers, which includes a formula from the laughable National Jurist rankings system. [National Law Journal]

    * In a move that shocked absolutely no one, attorneys for Colorado movie theater shooting suspect James Holmes announced they will enter a plea of not guilty by reason of insanity for their client. [CNN]

    * From the “hindsight is 20/20″ file: the judge who presided over the Casey Anthony trial thinks there was enough evidence to convict the ex-MILF. He also likened Jose Baez to a used car salesman. [AP]

    * Check out Logan Beirne’s book (affiliate link). Even when sensationalizing George Washington’s rise from general to president, attention must be paid to the rule of law. [Wall Street Journal (sub. req.)]

    1 Comment / / May 8, 2013 at 9:04 AM
  • SLU Law's recent deanship drama?

    Biglaw, Death Penalty, Department of Justice, Eric Holder, Law School Deans, Law Schools, Money, Morning Docket, Politics, Securities and Exchange Commission

    Morning Docket: 04.23.13

    * The Department of Justice announced federal charges against suspected Boston bomber Dzhokhar Tsarnaev yesterday, leaving the decision of whether the death penalty will be sought in Eric Holder’s hands. [National Law Journal]

    * Andrew Ceresney, most recently of Debevoise, was appointed to run the SEC’s enforcement bureau alongside George Canellos, an agency veteran. Maybe they’ll both be able to boost morale. [DealBook / New York Times]

    * “[T]he best way to find Albany on a map is to look for the intersection of greed and ambition.” Preet Bharara is mad as hell about corruption, and he’s not going to take it anymore. [New York Law Journal]

    * If Anthony Weiner decides to join the New York City mayoral race, partners from Am Law 200 firms will be responsible for his second coming thanks to their pre-wiener scandal funding. [Am Law Daily]

    * “It’s done. Turn the page. The distraction is over.” The new dean of St. Louis University’s law school would like to move forward from the “slow-motion train wreck” of years past. [St. Louis Post-Dispatch]

    1 Comment / / Apr 23, 2013 at 9:04 AM
  • Alex Kozinski, Confirmations, Crime, Drugs, Gay Marriage, Intellectual Property, Securities and Exchange Commission, Sports, Trademarks

    Non-Sequiturs: 04.08.13

    * Thieves made off with 5.5 tons of Nutella. Damn you Danny Ocean! [CBS News]

    * Don’t try to play Baseketball in Canton, Ohio. [Legal Juice]

    * The SEC finally allows companies to distribute disclosures via social media. Welcome to the 21st Century, SEC. [IT-Lex]

    * Speaking of the SEC, Mary Jo White was confirmed by the Senate. [Fox Business]

    * Judge Kozinski: “Can I get an oy vey up in here?” [COLLive]

    * Kentucky is just all kinds of screwy. Lawyer jailed for not turning over documents/running drug ring. [AP]

    * Energy law was number two in law firm activity this quarter. For the billionth quarter in a row, Third Amendment law failed to crack the top 10. [AOL Energy]

    * Ha! “Thus, it seems that (as has so often occurred in IP law) the focus on the problems of copyright and patent has allowed trademark law to engage, unsupervised, in a great deal of mischief.” [Law of Fashion]

    * Just a reminder: Legalizing gay marriage does not end discrimination. [National Law Journal]

    6 Comments / / Apr 8, 2013 at 5:04 PM
  • 425G - Remembered to lift the seat

    Civil Rights, Copyright, Gay Marriage, Non-Sequiturs, SCOTUS, Securities and Exchange Commission, Securities Law, Sex, Supreme Court, Video games

    Non-Sequiturs: 03.27.13

    * First the law school rankings, now urine-based video games? It’s been a whirlwind week of heavy journalism for U.S. News. [U.S. News]

    * Did you ask for a diorama of the Supreme Court? Because I did… [Washington Post]

    * What do SCOTUSblog and “Girls” share in common? If you guessed that Tom Goldstein spends most of his day at the office naked, you’re (probably) wrong. [Peabody Awards]

    * Casinos have systematically driven men out of the bartending and cocktail serving market. They use a fig leaf to protect themselves from Title VII… apparently literally. [Workplace Prof Blog]

    * Dartmouth professor Sonu Bedi argues that same-sex marriage is really about the separation of church and state. You say potato, I say egregious denial of basic rights. [Huffington Post]

    * UBS trying to get out of an SEC case. Color me surprised. [Dealbreaker]

    * Central New Mexico Community College does not want to hear that sex talk. It makes Sol the Suncat sad. [Popehat]

    * As mentioned before, there’s a new legal dispute over whether or not Sherlock Holmes has lapsed into the public domain. Alex Heimbach of Slate puts the case under the proverbial magnifying glass. [Slate]

    0 Comments / / Mar 27, 2013 at 5:01 PM
  • Seal_of_the_United_States_Supreme_Court

    Biglaw, Elena Kagan, Gay, Gay Marriage, Law Professors, Law Schools, Mergers and Acquisitions, Midsize Firms / Regional Firms, Morning Docket, Ruth Bader Ginsburg, SCOTUS, Securities and Exchange Commission, Supreme Court

    Morning Docket: 03.20.13

    * OMG! Get ready to have a lawgasm, because the Supreme Court is going to be releasing same-day audio recordings from oral arguments during next week’s gay marriage cases: Proposition 8 and the Defense of Marriage Act. [National Law Journal]

    * “Way to go, Justice.” Justices Ruth Bader Ginsburg and Elena Kagan work out with a personal trainer who’s got a client list that would make Article III Groupie swoon — and he just so happens to be a records manager at D.C.’s federal court. [Washington Post]

    * Debevoise & Plimpton’s littlest litigatrix, Mary Jo White, sailed her way through the Senate Banking Committee with a vote of 21-to-1. Her nomination to lead the SEC will now head to the full Senate. [DealBook / New York Times]

    * “Our 2012 numbers aren’t as good as we would have liked.” Gee, ya think? From attorney headcount to gross revenue to profits per partner, just about everything was down in 2012 for Fried Frank. [Am Law Daily]

    * Eckert Seamans will be merging with Sterns & Weinroth, adding 17 partners and seven associates to its ranks. Someone please come up with the semen joke so I don’t have to. [Philadelphia Business Journal]

    * As if Inside the Law School Scam weren’t candid enough, Professor Paul Campos sat down for an interview to discuss how to make an informed decision when considering law school. [U.S. News & World Report]

    2 Comments / / Mar 20, 2013 at 9:04 AM
  • Crowd_outside_nyse

    Guns / Firearms, Law Schools, Lindsay Lohan, Non-Sequiturs, Patents, SCOTUS, Securities and Exchange Commission, Securities Law, Supreme Court, Technology

    Non-Sequiturs: 03.18.13

    * A former general counsel has settled a case with the SEC alleging a slew of backdated options. It was suspicious when all the options were backdated to October 30, 1929. [ABA Journal via The Recorder]

    * “If Microsoft Shuts Down Google Maps In Germany, How Does That Benefit The Public?” Um, it makes it harder for them to find Poland! Duh. [TechDirt]

    * Senator Ted Cruz is having a rough go of it in the Senate. He’s already been publicly ripped by fellow Republicans John McCain and Lindsey Graham. Then he raised the ire of Senator Diane Feinstein, who has exactly zero patience for his crap. [Jezebel]

    * Based on the description, HLN is licking its chops. [Craigslist]

    * Supreme Court bobbleheads! I’m particularly impressed by Justice Brandeis riding the railroad. [Justices For Sale]

    * To get yourself wound up for March Madness, here’s a fictional lawyer bracket from Constitutional Daily. Jack McCoy didn’t even make the field so this won’t be a repeat of the Above the Law winner. [Constitutional Daily]

    * Lifting the amazing disappearing cloak over merit scholarships. [TaxProf Blog via National Jurist]

    * Lawyer cited as the good guy in a punchline. Hurray! [OMFG Meme]

    * Video after the jump of Lindsay Lohan showing up late for court, and getting a surprise gift from the crowd…

    9 Comments / / Mar 18, 2013 at 5:24 PM
  • Mary Jo White 2

    Election Law, Morning Docket, Securities and Exchange Commission

    Morning Docket: 03.13.13

    * Hey, they actually found one instance of voter fraud. By a nun. I can’t wait for the GOP to try to construct an entire argument for restrictions on voter access based on this case. [Talking Points Memo] * Defense attorneys can go to jail for lying? In Detroit? Mind: blown. [Washington Post] * The […]

    7 Comments / / Mar 13, 2013 at 9:19 AM
  • beats by dr dre

    Biglaw, Crowell & Moring, Deaths, Insurance, Law Schools, Legal Ethics, Morning Docket, Securities and Exchange Commission

    Morning Docket: 03.07.13

    * Mary Jo White isn’t the only Debevoise partner who will face high scrutiny while being vetted for the SEC. Andrew Ceresney may be up for co-chief of enforcement. [DealBook / New York Times]

    * The Crowell & Moring ethics complaint alleging the firm suggested Appalachians have family circles instead of family trees was chalked up to an “inbreeding memo mishap.” [Am Law Daily]

    * A panel of the Appellate Division, Second Department will hold court at St. John’s School of Law next month. Perhaps the students will be a little less embarrassed happier with the school now. [New York Law Journal]

    * Patrick Fitzgerald, ex-U.S. attorney and current Skadden partner, will teach a course in national security law at Chicago Law School. Attend his class, lest his “extraordinary brilliance” go to waste. [National Law Journal]

    * Looks like somebody forgot about Dre. The rapper’s headphones company, Beats By Dr. Dre, is now going after people for trying to register anything with “beat” or “beats” as trademarks. [WSJ Law Blog (sub. req.)]

    * Ross Ehlinger, a litigator who died while competing in the Alcatraz triathlon, RIP. [San Francisco Chronicle]

    2 Comments / / Mar 7, 2013 at 9:06 AM
  • mark-cuban-260x335

    DealBreaker, Insider Trading, Securities and Exchange Commission

    Even So, Mark Cuban Is Probably Glad He Got Rid Of His Mamma.com Stock

    To get a sense of how old and long-drawn-out the SEC’s insider trading lawsuit against Mark Cuban is, consider this: the company in which he allegedly insider traded was Mamma.com. The .com was right there in the name. Future generations — hell, present generations — will indiscriminately add “.com” to the end of words to […]

    4 Comments / / Mar 6, 2013 at 3:25 PM
  • Mark Cuban

    Abortion, Bankruptcy, Biglaw, Deaths, Dewey & LeBoeuf, Insider Trading, Law Professors, Law Schools, Money, Morning Docket, Partner Issues, Securities and Exchange Commission, Tax Law

    Morning Docket: 03.06.13

    * Dewey was quick about getting its Chapter 11 plan confirmed, but all of these unfinished business claims are taking a little longer to resolve than previously hoped. But hey, at least Paul Hastings settled. [Am Law Daily]

    * Because sometimes profit sharing isn’t enough: Theodore Freedman, a former Kirkland & Ellis partner, pleaded guilty to tax fraud after underreporting his partnership income by more than $2M. [New York Law Journal]

    * Here are some tips if you’re trying to get off a law school’s wait list. Apparently it’s wise to wait patiently instead of being a complete gunner from the get go. [Law Admissions Lowdown / U.S. News & World Report]

    * Imagine a land filled with millions of little Honey Boo Boos. That’s what the great state of Arkansas is going to look like if the legislature passes the most restrictive abortion law in the country. [WSJ Law Blog (sub. req.)]

    * Not only do the Mavericks suck, but Mark Cuban’s luck in court does, too. His bid to toss an insider trading case was denied. He’d probably jump over the bench and have a fit if he could. [DealBook / New York Times]

    * Dawn Clark Netsch, beloved Illinois pol and one of the nation’s first female law profs, RIP. [Chicago Tribune]

    1 Comment / / Mar 6, 2013 at 9:09 AM
  • Guns / Firearms, Kids, Military / Military Law, Securities and Exchange Commission, Securities Law, Small Law Firms, Women's Issues

    Non-Sequiturs: 03.04.13

    * A full run-down of the suspension of a 7-year-old for brandishing a danish shaped like a gun. He was loaded for bear… claw. [Lowering the Bar, Part I; LTB, Part II]

    * U.S. drones are helping out the French in Mali. Jeez, drones are getting used everywhere from here to Timbuktu. [Volokh Conspiracy]

    * Do you need to report to the SEC if your company gets hacked? Probably… if you don’t tell them about possible violations how would they ever know? [IT-Lex]

    * Someone wants help finding a WordPress theme for their law firm. Totally Best Magazine, bro. That’s hawt. [Yahoo Answers]

    * Just a reminder, Ms. JD’s Fellowship applications are due March 8. [Ms. JD]

    3 Comments / / Mar 4, 2013 at 5:44 PM
  • voting pin

    Biglaw, Boutique Law Firms, Confirmations, Deaths, Election Law, Eric Holder, Federal Judges, Morning Docket, Politics, SCOTUS, Securities and Exchange Commission, Supreme Court, White-Collar Crime

    Morning Docket: 02.27.13

    * The Supreme Court will be hearing oral arguments today on a challenge to the Voting Rights Act. If for some reason you’re not sure why you should care about this, here’s everything you need to know to sound intelligent at the water cooler. [New York Times]

    * If the sequester goes into effect this Friday, Attorney General Eric Holder warns that we’re probably going to see “profound” effects across the entire justice system. America, f**k yeah! Coming again to save the motherf**kin’ day, yeah! [National Law Journal]

    * It looks like the tiny and terrifying Mary Jo White is currently on the Congressional pageant trail ahead of her March confirmation hearing for SEC leadership, and now she’s even vowed never to return to Debevoise & Plimpton. [DealBook / New York Times]

    * A coup for Cadwalader and a casualty for Cravath: Jim Woolery chose another firm over his former home of 17 years, and it may have something to do with the Biglaw bonus market leader’s “sometimes antiquated” regime. [Am Law Daily]

    * “There are many more fish chasing the same business,” but that’s not stopping new white-collar boutiques from trying to compete for business in what some say is an overly crowded market. [New York Law Journal]

    * Louis Oberdorfer, district judge of the D.D.C. and former SCOTUS clerk, RIP. [Blog of Legal Times]

    5 Comments / / Feb 27, 2013 at 9:04 AM
  • 'Best court-ordered pajama party ever!'

    10th Circuit, Benchslaps, Biglaw, Confirmations, Constitutional Law, Guns / Firearms, McCarter & English, Mergers and Acquisitions, Minority Issues, Money, Morning Docket, Musical Chairs, Politics, Racism, SCOTUS, Securities and Exchange Commission, Sonia Sotomayor, Supreme Court

    Morning Docket: 02.26.13

    * Our own Elie Mystal isn’t the only one who’s capable of fanning the flames of race baiting — it seems that Supreme Court justices can do it, too! We’ll probably have more on Justice Sonia Sotomayor’s benchslap later today. [The Two-Way / NPR]

    * Patience is obviously one of this judge’s virtues, because this took a looooong time. After waiting more than a year for people to put their petty political pandering aside, the Senate confirmed Robert Bacharach to the Tenth Circuit. [Blog of Legal Times]

    * Mary Jo White, the nominee to lead the SEC, will probably face her confirmation hearing in March. Her legal wranglings at Debevoise may be of interest to some, but really, who cares? She’s so cute and tiny! [Reuters]

    * Mayer Brown and the terrible, horrible, no good, very bad year: gross revenue is up overall at most Biglaw firms, but not this one. In 2012, Mayer Brown’s revenue dipped 3.7 percent for a six-year low. [Am Law Daily]

    * Kirkland & Ellis, now the fifth-largest Biglaw firm in the nation, is leading the market in terms of top dollar merger-and-acquisition deals. Now, if only the firm could get some bananas. [Crain’s Chicago Business]

    * Orderly liquidation authority may be a legitimate exercise of power under the Bankruptcy Clause, but as far as these states are concerned, it’s just another reason to hate the Dodd-Frank Act. [DealBook / New York Times]

    * Remember Peggy Ableman, the judge who ordered lawyers to attend a course on remedial civility in their “jammies”? She’s now at McCarter & English, so mind your manners. [Thomson Reuters News & Insight]

    * An “astronomically stupid” legal loophole? Unpossible! Gun trusts are seeing the limelight because Chris Dorner claims he used one to purchase his paraphernalia without a background check. [New York Times]

    6 Comments / / Feb 26, 2013 at 9:03 AM
  • Mary Jo White RF SEC chair Debevoise Plimpton

    Biglaw, Fabulosity, Federal Government, Legal Ethics, Litigators, Litigatrix, Mary Jo White, Money, Partner Issues, Partner Profits, Securities and Exchange Commission, Securities Law, Wall Street

    Just How Rich Is Mary Jo White, Debevoise Partner and Likely Future SEC Chair?

    She’s a longtime Debevoise partner, and she’s married to a longtime Cravath partner. Let’s take a look at their financial disclosures.

    24 Comments / / Feb 12, 2013 at 2:47 PM

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