* The Supreme Court heard arguments yesterday in a lawsuit asking courts to force major companies to reduce greenhouse gas emissions. Sotomayor spent the entire oral argument asking attorneys how she could fit more Miami Sound Machine on her Zune. [New York Times] * Louisiana Governor Bobby Jindal, who can be seen every Thursday night […]
* Former Enron CEO Jeffrey Skilling’s appeal was denied by the Fifth Circuit. While he remains the smartest guy in the room, the room consists of him and a half-wit cellmate whose only discernible talent is making Prune-o. [WSJ Law Blog] * Bruce Fein, an attorney who worked on Clinton’s impeachment and called for Bush’s […]
Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.
* Sammy Alito and the roots of a compassionate constitutional conservatism. By Emily Bazelon. Foreblurb by Juggalo Law. [New York Times] * A U.S. vulture fund is having problems collecting a certain debt from the Democratic Republic of Congo via certain chinamen. Yes, I know that’s not the preferred nomenclature. But these men actually do […]
* Yes, we have seen the excellent GW Law Revue video based on the Cee Lo Green song (embedded above). No need to send it to us again. In fact, please do not send us links to any Law Revue videos until we announce the start of our third annual Law Revue Video Contest (perhaps […]
* If I had a nickel for every federal judge who dismissed a challenge to Obamacare, I’d have fifteen cents. Come to think of it, phrasing it that way doesn’t illustrate a whole lot. Oh well. [New York Times] * Tennessee seeks to outdumb every other state with a proposal that would make it a […]
They had to know. But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ — Bernard Madoff, speaking about the banks and hedge funds that invested in his Ponzi scheme, in his first for-publication interview since his December 2008 arrest (via Dealbreaker).
It’s like having a junior associate who’s never off the clock.
* If the Muslim Brotherhood gains power in Egypt, they will impose sharia law. Just like Oklahoma! [ABC Online] * Lindsay Lohan took to Twitter to announce that she “was not raised to lie, cheat, or steal.” Well, nature it is. [msnbc.com] * Arizona is suing the federal government over the porous border. Mr. Obama, […]
I’ve been avoiding writing about Irving Picard, the trustee in charge of getting money for the victims of the Bernie Madoff Ponzi scheme, and his lawsuit against New York Mets owners Fred Wilpon and Saul Katz. It’s too painful. It’s like being close enough to see Oliver Perez’s face just as you know things are […]
Being married to a Paul Weiss partner is nice; getting divorced from a Paul Weiss partner is even nicer. Thanks to the prestigious firm’s eye-popping profits, getting divorced from a PW partner should give you a seven-figure payday (assuming the Paul Weiss partner has been a partner for a while and is the “monied spouse” […]
Rack up another win for trustee Irving Picard, the partner at Baker Hostetler who’s cleaning up the Bernard Madoff mess. On Friday, Picard and Preet Bharara, the headline-making U.S. attorney for the Southern District of New York, announced a $7.2 billion settlement with the estate of Jeffry Picower (no it’s not spelled “Jeffrey”). Picower, a […]
Juno has consistently secured the best private loan deals for students at the Top MBA programs since 2018—now they’re bringing that same offer to law students, at no cost. Students can check their personalized offers at juno.us/atl This article is for general information only and is not personal financial advice.
* A lawyer named Conn created a 3D commercial for potential clients. Too bad his target audience will be purchasing new hips before 3D televisions. [Florida Times-Union] * Normally, you’d end up in the doghouse if you didn’t attend a loved one’s funeral, but Bernie Madoff’s throwing his family a bone on this one. [DealBook […]
* Hiscock & Barclay cut Andrew Cuomo a $45K check and one of the firm’s lawyers got a deal. Does pay-to-play go both ways in New York? [New York Daily News] * John du Pont: millionaire, maniac, murderer… miracle worker? He died just in time to avoid the return of the 55% IRS death tax. […]
Mark Madoff, the oldest of Bernard Madoff’s two sons, committed suicide on Saturday, by hanging himself in his Manhattan apartment. Saturday was a significant day: the second anniversary of Bernie Madoff’s arrest for running a multibillion-dollar Ponzi scheme. Mark Madoff’s lawyer, prominent Paul Weiss partner Martin Flumenbaum, issued a statement yesterday: “Mark Madoff took his […]
Bernie Madoff has been sentenced to 150 years. Judge Denny Chin said that the sentence was necessary to deter other people from entering into these kinds of schemes. The Judge apparently said that he was struck that there was no letter written in support of Bernie Madoff. On the other hand, the judge received 141 […]