Wall Street

  • Mindy Kaling Preet Bharara RF

    Federal Government, S.D.N.Y., U.S. Attorneys Offices, Wall Street, White-Collar Crime

    A Portrait Of A Prosecutor: 5 Fun Facts About Preet Bharara

    The U.S. Attorney for Manhattan, Preet Bharara, is quite a colorful character.

    4 Comments / / Aug 19, 2014 at 1:57 PM
  • Preet Bharara

  • sexual harassment

    8th Circuit, Biglaw, Celebrities, Law Firm Mergers, Law Professors, Law Schools, Morning Docket, Movies, Murder, Sexual Harassment, Small Law Firms, Trials, Wall Street

    Morning Docket: 04.08.14

    * The Eighth Circuit axed a $900K jury award after a lawyer recounted her tale of sexual harassment by a law professor at Drake University Law during closing arguments. Well, that sucks, but we’d really love to know which professor this was. [ABA Journal]

    * If flat is the new up, then mergers must be the new growth. The new year is upon us, and law firms are on track to either meet or break the merger record set in 2013. Thus far, 22 firms have announced mergers or acquisitions in 2014. [Washington Post]

    * A lawyer in Minnesota who’s been in trouble with the bar quite a few times was recently charged with setting his girlfriend on fire. Yikes, someone’s way too excited about the Fargo mini-series. [Star-Tribune]

    * Oscar Pistorius took the stand in his murder trial yesterday, revealing that when he killed his girlfriend Reeva Steenkamp, he was really trying to protect her. This case gives us the sads. :( [New York Times]

    * Sorry we’re not sorry about the toupee: Paramount wants this Wolf of Wall Street suit dismissed since it’s undeniable the plaintiff was part of “bizarre travesty that was Stratton Oakmont.” [Hollywood Reporter]

    3 Comments / / Apr 8, 2014 at 9:07 AM
  • mekka-don

    Bankruptcy, Biglaw, Crime, Job Searches, Kasowitz Benson, Law Professors, Law Schools, Morning Docket, Partner Issues, Partner Profits, Rap, Wall Street

    Morning Docket: 03.27.14

    * The federal judiciary is hiring for staff and public defender positions lost during the government’s sequestration throughout the better part of last year. Ready, aim, fire those résumés! [Legal Times]

    * New York Biglaw firms always manage to find their way to the top of the Am Law 100 rankings. When all’s said and done, being so close to Wall Street definitely has its perks. [Bloomberg Businessweek]

    * Absolutely no one should be alarmed about the fact that Kasowitz Benson’s profits per partner have dropped by 15 percent — well, no one but the equity partners, that is. Have fun with that. [Am Law Daily]

    * The managing partner of Jacoby & Meyers is worried people will think his personal injury firm is going under, not Jacoby & Meyers Bankruptcy. Either way, those commercials won’t die. [New York Law Journal]

    * A professor at George Mason University Law was pepper sprayed IN THE FAAAAAACE by an unknown assailant in his classroom yesterday afternoon. We’ll obvious have more on this story later. [ARLNow]

    * La Verne is the first law school to offer flat-rate tuition. There will be no scholarships and no discounts. Students will pay $25K/year, nothing more, nothing less. This is, dare we say, wise. [National Law Journal]

    * “Passion over pension.” Mekka Don, the Weil Gotshal corporate lit attorney turned rapper, just released his first CD, and it’s all about leaving Biglaw to follow his dreams. Go buy it here (affiliate link). [MTV]

    5 Comments / / Mar 27, 2014 at 9:03 AM
  • business crime

    Biglaw, Insider Trading, Securities and Exchange Commission, Securities Law, Wall Street, White-Collar Crime

    Biglaw Employee Charged In $5.6 Million Insider Trading Scheme

    At which elite law firm did the defendant work, and from which school did he receive his law degree?

    25 Comments / / Mar 19, 2014 at 12:19 PM
  • adriana_ferreyr-RF

    Depositions, Old People, Rudeness, Wall Street

    Depositions Are Much More Fun When You Knock The Glasses Off Opposing Counsel’s Stupid Face

    Future sugar daddies beware: money can buy everything, but definitely not class.

    10 Comments / / Feb 12, 2014 at 2:25 PM
  • 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

  • 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?

    12 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 that Guy Lewis and Michael Tein, 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