What could have been a tragic story looks to have been resolved in a peaceful manner.
The Louisville Courier-Journal reports:
A former University of Louisville student and contract employee was apprehended by University of Louisville Police Friday morning after a law library staff member recognized that he was barred from campus.
According to police, Thomas H. Irwin entered the law library at about 8:30 a.m. with two handguns and ammunition. A library employee called U of L Police, who escorted Irwin from the premises without incident.
According to an email sent to the student body, the former University of Louisville student “had been declared persona non grata by the university in December 2008.”
Way to watch over your library like a hawk, not a cardinal, unknown super-staffer. We gotta get you into the TSA.
Statement from the university, after the jump.
This item, from yesterday’s WSJ Law Blog, caught our eye:
As the 11th Vioxx trial got underway yesterday in federal court in New Orleans, Merck disclosed in an SEC filing that it’s giving its general counsel Kenneth Frazier a raise and a promotion, effective Nov. 1. The GC who will forever be associated with the Vioxx litigation and the company’s decision to try and battle one case at a time will now have a base salary of $780,000, a plummy 13% jump up from his former base pay of $689,000.
Last year, with cash, bonus and stock, Frazier reportedly took home $1.64 million. In other big pharma GC salaries, Pfizer general counsel Jeff Kindler, promoted to CEO earlier this year, was ranked 18th and earned $1.9 million last year. Robert Armitage, in-house counsel at Eli Lilly ranked 51st and earned $1.17 million.
Serving as a general counsel to Big Pharma: Nice work if you can get it.
This brings us to our next theme for Skaddenfreude, ATL’s ongoing survey of salaries within the legal profession. We’d like to turn our attention to the incomes of in-house lawyers.
If you’re employed as in-house counsel for some corporation, we’d like to learn how much you earn. We will then share it with our readers, as a public service to them — but keeping you and your employer anonymous, as always. We’re especially interested in lawyers below the general counsel level — e.g., associate, assistant, or deputy general counsels — whose salaries are not already matters of public record.
So please, in-house lawyers, help us out. Send us your salary information, by email (subject line: “Skaddenfreude”). Examples of “anonymized” entries, and guidelines for submitting your salary info to ATL, appear here. Thanks!
* A juror in the Vioxx case that resulted in a $32 million verdict against Merck took interest-free loans from the plaintiff in the case. Hmm… [Associated Press]
* Another dispatch from ConflictsLand: McKesson wants Duane Morris disqualified from representing two Georgia residents against a McKesson sub. [Fulton County Daily Report]
* We were only joking when we said that a class action by Blackberry addicts was “only a matter of time.” It’s getting less funny by the minute. [WSJ Law Blog]
* Who knew that Weil Gotshal lawyers were so attractive? That was supposed to be the niche of Davis Polk (nicknamed “House of the Hotties” by our law school class). Hey, how big is Weil’s ERISA department? [New York Times]
* In the legal and regulatory crackdown on business corruption and white-collar crime, “lawyers serving fraud-ridden companies have emerged relatively unscathed,” reports the Washington Post. Chalk it up to professional courtesy. [Washington Post]
* Lord Conrad Black (at right), former media mogul, has had his worldwide assets frozen by a Canadian court. But don’t feel too sorry for him — he still gets an allowance of $20,000 a month. (Is that U.S. dollars, or Canadian?) [BBC News; Wall Street Journal via WSJ Law Blog]
* Judge Eldon E. Fallon (E.D. La.) upheld the jury verdict finding Merck liable in a recent Vioxx case, but ruled that a new trial must be held on damages because the $50 million compensatory damage award — not a punitive damages award — was “grossly excessive.” Seems like the right decision to us. After all, the guy survived (and isn’t a pro basketball player). [Associated Press via DealBreaker]
* Two former Brocade Communications executives, charged in the options backdating scandal, have pleaded not guilty. [Bloomberg News]
* A federal bankruptcy judge ruled that Dorsey & Whitney breached fiduciary duties of client loyalty — and ordered the firm to cough up almost $900,000 in fees.
[Minneapolis-St. Paul Star-Tribune]
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: