Wall Street

  • 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
  • It_1990_Promotional_Poster

    Crime, Federal Judges, Law Schools, Movies, Non-Sequiturs, Privacy, Technology, United Kingdom / Great Britain, Wall Street

    Non-Sequiturs: 12.27.13

    * Judge William Pauley ruled that the NSA’s warrantless spying program is legal, noting that — if it had existed — the government could have predicted the 9/11 attacks. Good point, because intelligence agencies were in no position to figure out that there was an attack brewing without a Big Brother initiative. Oh… wait. [Huffington Post]

    * On a related note, a cartoon from 1994 that predicted the NSA’s controversial programs. It’s really kind of scary…. [Slate]

    * Britain’s clowns are furious that people are dressing up as clowns and trying to scare people. For their sake, let’s make sure they never hear about Pennywise. [Lowering the Bar]

    * Professor Dave Hoffman evaluates the case for flat-rate tuition. [Concurring Opinions]

    * The Wolf of Wall Street is about a criminal ripping off poor people. Bankers cheered at a recent showing. There is a lesson to be had there about what bankers would do if given an opportunity. [Business Insider]

    * “Knockout,” a game where young boys cold-cock unsuspecting victims, is a serious issue. Nah, just kidding, it’s a crypto-racist overreaction. But at least one kid was stupid enough to try it and then tell a cop about it. Seriously. [Gawker]

    6 Comments / / Dec 27, 2013 at 3:58 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
  • iStock_000016301916XSmall-RF

    2nd Circuit, Benchslaps, Department of Justice, Eric Holder, Jed Rakoff, Media and Journalism, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime

    Judge Rakoff Rips The Government For Dropping The Ball On Financial Crimes

    Prosecutors have more or less looked the other way when it comes to the activities that sparked the financial meltdown. Judge Rakoff offers his explanation of what’s gone wrong.

    9 Comments / / Dec 17, 2013 at 3:21 PM
  • Three cheers for "cultural capital."

    Antonin Scalia, Biglaw, Canada, Department of Justice, Election Law, Gay, Jed Rakoff, Law Professors, Law Schools, Morning Docket, Native Americans, Partner Issues, S.D.N.Y., SCOTUS, Supreme Court, Wall Street

    Morning Docket: 12.17.13

    * Despite his hatred of 3L classes like “Law and Unicorns,” Justice Scalia believes that the third year of law school is necessary — perhaps a necessary evil, but still necessary. [Memphis Daily News]

    * “[T]his excuse — sometimes labeled the ‘too big to jail’ excuse — is disturbing, frankly….” The eminently quotable Judge Rakoff is at it again, this time with harsh words for the DOJ. [New York Times]

    * According to the latest survey from Citi Private Bank’s Law Firm Group, managing partners think that 2014 will be better than 2013. This means bonuses will be the same next year. [Am Law Daily]

    * Attorneys from Wiley Rein are fighting for $2 million in fees in the wake of their SCOTUS win in the Shelby County Voting Rights Act case. The firm’s quest has been called “absurd.” [National Law Journal]

    * “The record is utterly devoid of any evidence of criminal intent or intentional misconduct.” It turns out the attorneys accused of malpractice by the Miccosukee Indians weren’t bad after all. [Daily Business Review]

    * Rather than pegging its value at $1 million, a professor from a fourth-tier law school is promoting the “non-economic value” of a law degree. Can “cultural capital” repay your loans? [WSJ Law Blog (sub. req.)]

    * “[N]o law school in Canada should be allowed to weed out gay students.” Too bad. Trinity Western University, the law school that bans gay “sexual intimacy,” received preliminary approval. [Globe and Mail]

    * Law school specialization and you: follow these three simple steps to help you decide which niche you’ll be unable to find a job in after you graduate. [Law Admissions Lowdown / U.S. News & World Report]

    1 Comment / / Dec 17, 2013 at 9:13 AM
  • House Husband LF2

    Gender, Money, Wall Street, Women's Issues

    Lawyers Don’t Make Enough Money To Afford House Husbands

    You’ve got to be pretty rich to convince your husband to stay home with the kids.

    63 Comments / / Dec 11, 2013 at 6:36 PM
  • Sleeping with Documents

    American Bar Association / ABA, Banking Law, Biglaw, China, Contract Attorneys, Crime, Document Review, Job Searches, Law Schools, Lawyerly Lairs, Morning Docket, Partner Issues, Public Interest, Real Estate, Sex Scandals, Wall Street

    Morning Docket: 12.10.13

    * Stan Stallworth, the Sidley partner accused of sexual assault, has hired a prominent criminal defense attorney to represent him in the case while the firm stands by its man. [Am Law Daily]

    * Wall Street regulators are considering approval of a formidable version of the Volcker Rule that would ban banks from proprietary trading. Voting occurs later today. [DealBook / New York Times]

    * Skadden Arps has asked a judge to toss an FLSA lawsuit filed against the firm by one of its document reviewers. Aww, silly contract attorney — there’s no way you’re getting overtime pay. [Law360 (sub. req.)]

    * Weil Gotshal is still leaking like a sieve. This time, Bruce Colbath, a partner from the firm’s New York office, defected to the Antitrust and Trade Regulation practice group at Sheppard Mullin. [Market Wired]

    * Lawyerly Lairs, China Edition: Raymond Li, chair of the Greater China practice at Paul Hastings, just purchased a townhouse for about $95 million. He paid for it in straight cash, homie. [Wall Street Journal]

    * They’re extremely tardy to the party, but if the ABA Section of Legal Education and Admissions to the Bar gets its way, law schools will be subject to random audits of their employment stats. [ABA Journal]

    * It’s a tough job that “can really beat you down,” but an organization called Gideon’s Promise just made it a whole lot easier for law students to secure jobs as public defenders in the South. [National Law Journal]

    14 Comments / / Dec 10, 2013 at 9:04 AM
  • debrahlee lorenzana RF

  • 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
  • gay marriage cake RF

    Department of Justice, Gay, Gay Marriage, H. Rodgin Cohen, Health Care / Medicine, Military / Military Law, Morning Docket, New Jersey, Prostitution, Wall Street

    Morning Docket: 10.21.13

    * How Jamie Dimon (and Stephen Cutler and Rodge Cohen) reached JPMorgan Chase’s tentative $13 billion settlement with Eric Holder and the Department of Justice. [DealBook / New York Times; Wall Street Journal (sub. req.)]

    * Congratulations to all the New Jersey couples who got married since midnight, in the wake of the state supreme court’s decision not to stay a lower-court ruling in favor of marriage equality. [Newark Star-Ledger]

    * Additional insight into all the partner departures from Weil Gotshal in Texas. [Dallas Morning News]

    * Lawyers aren’t the only folks who know how to overbill; defense contractors do too, according to federal prosecutors who allege that a company provided prostitutes and kickbacks to Navy personnel. [Washington Post via The BLT]

    * The legal battle over Obamacare rages on. [Wall Street Journal (sub. req.)]

    * Judge Oing, this really isn’t that hard. Here’s a draft opinion for you in the long-running litigation between Macy’s and J.C. Penney over the right to sell Martha Stewart merchandise (by James Stewart, no relation to Martha). [New York Times]

    * If you’d like to run with the bulls without schlepping to Spain, former lawyers Rob Dickens and Brad Scudder can help. Presumably their legal training helped them draft ironclad waivers. [BuzzFeed]

    * Another interesting but very different event, taking place this Wednesday: “Healing the U.S. Lawsuit System.” [U.S. Chamber Institute for Legal Reform (one of our advertisers)]

    2 Comments / / Oct 21, 2013 at 9:14 AM
  • capitol

    Boalt Hall, Depositions, Federal Government, Insider Trading, Law Schools, Mark Cuban, Morning Docket, New Jersey, Politics

    Morning Docket: 10.17.13

    * The fiscal impasse in our nation’s capital is over! The government shutdown is over! Obamaphones for everyone!!!!! [Washington Post]

    * Tim Geithner was recently deposed as part of a lawsuit alleging that the government bailout of AIG was unconstitutional. Muammar Gaddafi was less recently deposed as part of a coup alleging that his female bodyguards were unconstitutionally sexy. [Fox Business]

    * Berkeley Bird Beheader begins boot bivouac. [Fox5 Vegas via Las Vegas Law Blog]

    * Cory Booker (Yale Law ’97) won a Senate seat last night, promptly bumping Lat from the cover of the next Yale Law alumni magazine. It was the Halloween issue — the annual Boo Haven edition. [ABC News]

    * Mark Cuban was acquitted of insider trading charges yesterday. In related news, this basset hound loves fans. [CBS News]

    * Brooklyn Law faces a possible debt downgrade from Standard & Poor’s. The school’s unemployed graduates, substandard and poor, have yet to weigh in. [Crain’s New York Business]

    * In other law school news, Chicago-Kent announces an interesting new initiative (with a Whopper of a name). [IIT Chicago-Kent College of Law (press release)]

    14 Comments / / Oct 17, 2013 at 9:18 AM
  • Mark Cuban

    Constitutional Law, Insider Trading, Law Schools, Morning Docket, Police, Politics, SCOTUS, Securities and Exchange Commission, Securities Law, Supreme Court, Wall Street

    Morning Docket: 09.30.13

    * If the government shuts down and then defaults on its debt, Wall Street worries that it would “shake the foundations of the global financial system.” Hooray for political asshattery! [DealBook / New York Times]

    * At least six of the Supreme Court’s judicial precedents are up for reconsideration in the upcoming Term, and high court commentators think the resulting decisions could be a mixed bag. [National Law Journal]

    * Apparently low-income New Yorkers’ legal problems are “not worthy of a ‘real lawyer,’” or at least that’s the message that will be given if non-lawyers are allowed to provide legal services. [New York Law Journal]

    * Sorry, lady, not enough prestige. A Brazilian journalist was allegedly on the receiving end of some “extremely violent” police behavior at Yale Law School after attempting to interview Justice Joaquim Barbosa at a private event. [The Guardian]

    * Mark Cuban’s insider trading case is heading to trial today, but we genuinely wonder how he’ll be able to convince a jury that he’s “humble and affable,” rather than the “master of the universe.” [Boston Herald]

    4 Comments / / Sep 30, 2013 at 9:11 AM
  • wine glasses

  • economic injustice protestors

    Police, Wall Street

    Occupy Wall Street Showed That Cops Crack Heads First And Let The Courts Ask Questions Later

    Occupy Wall Street lawsuits enter their second year.

    22 Comments / / Sep 18, 2013 at 1:50 PM
  • Debt sentence RF

    Federal Government, JPMorgan Chase, Law Schools, Money, Student Loans, Wall Street

    Taxpayers Should Worry When JPMorgan Gets Crowded Out Of The Student Loan Business

    When private lenders are getting out of the student loan game, we should all worry that the government is still in it.

    45 Comments / / Sep 6, 2013 at 5:31 PM
  • Assorted_United_States_coins

    Copyright, Cyrus Vance, Goldman Sachs, Intellectual Property, Technology, Wall Street

    Shouldn’t Somebody Be Suing Goldman Sachs Right Now?

    A new article in Vanity Fair hints at a legal time bomb for the high-frequency trading industry: copyright infringement.

    15 Comments / / Aug 13, 2013 at 11:16 AM
  • fabrice tourre RF

  • dead grass

    Biglaw, Crime, Death Penalty, Department of Justice, Eric Holder, Federal Government, General Counsel, Google / Search Engines, In-House Counsel, Jury Duty, Law Professors, Law Schools, Money, Morning Docket, Politics, Small Law Firms, Technology, Wall Street

    Morning Docket: 07.29.13

    * When it comes to the U.S. Congress — especially the current one, said to be the least productive and least popular in history — and federal lawmaking, “action isn’t the same as accomplishment.” [Boston Globe]

    * The Department of Justice won’t seek the death penalty against Edward Snowden, but only because the crime he’s charged with doesn’t carry that kind of punishment as an option. But oh, Eric Holder can wish. [CNN]

    * Sorry to burst your bubble, but Biglaw as we know it is on a respirator, so be prepared to recite its last rites. The New Republic’s Noam Scheiber responds to the critics of last week’s hard-hitting piece. [New Republic]

    * The grass isn’t greener on the other side right now. Revenue per lawyer rose at Biglaw firms in 2012 (up 8.5 percent), but small firms struggled (with RPL down 8.1 percent). Ouch. [National Law Journal]

    * Let me Google that for you: Hot new technology startups have been looking to lawyers who hail from the innovative internet company’s ranks when staffing their own legal departments. [The Recorder]

    * If you’re wondering why more financial crimes haven’t been prosecuted since the Wall Street meltdown of 2008, it’s probably because they’re too just difficult for most juries to understand. Comforting. [NPR]

    * In a recent interview having to do with all of the problems that law schools are currently facing, from shrinkage to joblessness, Professor Paul Campos sat down to politely say, “Told ya so.” [Denver Post]

    6 Comments / / Jul 29, 2013 at 9:13 AM

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •