Bitcoin, your anarcho-syndicalist little brother’s favorite cryptocurrency, has created quite the stir of late. Just last month, your dead grandmother’s favorite newsweekly, Newsweek, covered itself in whatever the opposite of glory is when it pinned the blame for bitcoin on an unsuspecting and camera-shy Californian named Dorian Nakamoto. The man, who reacted to the accusation that he had created a massively popular currency as if someone had shot his dog, retreated to the safety of an awful haircut shortly after the “news” broke. But if Nakamoto wasn’t the creator of bitcoin, then who was?
Yesterday, Slate magazine (a digital publication that is only a magazine because we all agree it is one) reported on the latest developments in bitcoin founder speculation. The results of an academic analysis might shock you. They might horrify you.
They might make you wonder whether that class you took at George Washington Law was taught by the inventor of bitcoin…
* Cass Sunstein provides a calm, well-reasoned discussion about how much personal opinions about sources matter in shifting people’s beliefs. Whatever, I hate that pinko commie. [New York Times]
* So you know that whole “NYC hires big scary Proskauer to evict old, folk-hero newspaper vendor”? Yeah, well, maybe let’s replace “folk-hero” with alleged “back-door dealer” and “scary Proskauer lawyer” with “former NYC attorney trying to help her city out pro bono.” [New York Magazine]
* This Ohio inmate says he’s too fat to be executed. That’s nuts: his extreme obesity might actually save his life. Eat your heart out, American Heart Association.[Columbus Dispatch]
* Oh snap! The Winklevii are back, and they’re investing in a new social network… for investors. Hmmm… was kind of hoping after such an extended absence they’d have come up with something with a little more pizazz. On the upside, they still look creepily identical! [SF Weekly]
* Big government is completely out of control! First they try to kill grandma, and now they won’t even let two-year-olds drive cars! I can’t take this socialist nonsense anymore; I’m moving to Canada. [Legal Juice]
Last month, we wrote about another in the increasingly long list of Facebook creation story-related lawsuits. The plaintiff in that story was Aaron Greenspan, a college classmate of Mark Zuckerberg. While Greenspan was in school, he created a similar social network to what eventually became Facebook.
Greenspan alleges that he was unfairly omitted from The Social Network, the 2011 film purportedly telling the history of Facebook. Greenspan felt so jilted at being left out of the movie that he sued the company that published The Accidental Billionaires, on which the hit movie was based (affiliate links).
As of of our last story, Greenspan’s suit alleging “defamation by omission” had just been dismissed by a Massachusetts federal judge.
But he appealed the decision to the First Circuit. Over the weekend, he also emailed us, and gave us more detail about his story. Let’s check in and hear what he has to say, along with a colorful deposition story from the old ConnectU case. There’s more than meets the eye to this tenacious programmer turned Facebook nemesis…
We have covered the inveterate scam artist’s losing court battle for an ownership stake in Facebook time and time again. We can’t help it, because the stuff still being disclosed continues to be so absurd.
Last time we mentioned the case, the court had ordered Ceglia to pay Facebook’s legal bills to the tune of $75,776. But we ain’t done yet.
Yesterday, Facebook lawyers from Gibson Dunn and Harris Beach filed another motion to compel. This time they are seeking information about Ceglia’s suspiciously named secret email addresses, as well as a possible connection to the Biglaw firm that used to represent Mark Zuckerberg’s other arch nemeses — the Winklevoss twins….
Twenty years ago this September, I started law school not knowing anyone there. More importantly, no one there knew me.
Now, mind you, this was at Boston College Law School, where such things aren’t really emphasized. I mean, it’s not like at that school across the Charles, where people like the Winklevii both wear and file suits. At BC Law, which (at least back then) prided itself on being a kinder, gentler law school, it wasn’t really about who you knew, or who knew you. (Yes, one of those whos should really be a whom, but only someone at Harvard would actually say it that way.)
Still, it’s nice to have people know who are you are, and it’s a useful skill to develop for after school, when you need to know how to market your services as a lawyer.
So three weeks after school started, almost everyone knew my name. You see, I had a secret weapon.…
* You’ve got to check out this lawsuit (in case you missed it earlier). An athlete says nonsensical tripe over Twitter, loses his endorsements, and then wants to sue. Yeah, Rashard Mendenhall has the right to say whatever he wants, and we have the right to spend a lifetime calling him an idiot. [Legal Blitz]
* I’m not sure that creating jobs for prison inmates is exactly what the voters in Wisconsin had in mind. [Adjunct Law Prof Blog]
* The Winklevoss twins really justify all the hate I’ve ever had for the trust fund, Final Club set at Harvard. [Dealbreaker]
* When law firms fight back (against News Corp.). [Am Law Daily]
* I’ve never read somebody waxing so poetically about the Federal Rules of Civil Procedure. [What About Clients?]
Immigration is a hot topic these days. It was the subject of a recent Supreme Court case, Chamber of Commerce v. Whiting (a rare loss for the Chamber, which fares well at SCOTUS). It’s getting implicated in the LGBT rights movement, as gay and lesbian binational couples fight deportations caused by the Defense of Marriage Act. And as Election 2012 gets underway, we’ll surely be hearing more about immigration in the weeks and months ahead.
As the immigration debate continues, let’s keep in mind the important contributions made to our nation by immigrants. For example, one of our most distinguished federal judges — Chief Judge Alex Kozinski, of U.S. Court of Appeals for the Ninth Circuit — is an immigrant. He was born in Bucharest, Romania, in 1950, and he immigrated to the United States with his family in 1962, at the age of 12.
Chief Judge Kozinski recently sent me a great story relating to his naturalization, which I will now share with you (with His Honor’s permission)….
One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o’clock, there are two possibilities. One is that they’re looking for a job and have an interview; the other is that they are an a**hole. This was the latter case.
The Winklevoss twins might be hot -- but their case is not, according to the Ninth Circuit.
If you enjoyed The Social Network, then perhaps you should be grateful to Cameron and Tyler Winklevoss. The lawsuit they filed against Facebook and Facebook’s founder, Mark Zuckerberg, gave rise to excellent entertainment. The movie wouldn’t have been possible without it.
But now the litigation is getting… old. And some people just want the Winklevoss twins to go away. Like three judges on the U.S. Court of Appeals for the Ninth Circuit.
In a ruling handed down today, rejecting the Winklevosses’s effort to overturn an earlier settlement with Facebook and Zuckerberg, the Ninth Circuit dispensed some stinging benchslaps. The opinion contains detailed and erudite analysis of both California contract law and federal securities law, but it can be summarized in four words: “Winklevii, STFU and GTFO.” (Feel free to use that in your headnotes, Westlaw and Lexis.)
Who wrote the opinion? None other than the ever-colorful Chief Judge Alex Kozinski, of course!
Let’s see what His Honor had to say — plus learn about additional Kozinski-related and movie-related news….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: