* Three days after arguing that an alleged Sandusky victim’s lawsuit lacked any factual basis, Second Mile decided to settle. Better strike while the iron is hot (and the wallet is open), lawyers. [Bloomberg] * So much for that “real shot,” huh? After a failed bid for bail, Galleon Group’s Raj Rajaratnam will begin serving […]
* Time to separate the men from the boys (but don’t tell Sandusky). An accuser has hired Jeff Anderson of clergy sex abuse fame, and he wants damages. [Wall Street Journal] * RajRaj is trying to stay out of jail. He thinks he’s got a shot at getting his Galleon convictions vacated, but he’s probably […]
* Members of the Occupy Wall Street brigade were allowed to continue to be dirty hippies living in a park without toilets this morning. So fresh and so clean! OMG, yippee! [Wall Street Journal] * French prosecutors have dropped another yet another rape charge lodged against Dominique Strauss-Kahn. Seriously? It looks like nothing sticks to […]
Find out how much he got over at our sister site, Dealbreaker. Earlier: Prior ATL coverage of Raj Rajaratnam
Ed. note: This post was written by Matt Levine, the new editor on our sister site, Dealbreaker, and Elie Mystal. Matt here. You might think that Dealbreaker HQ exists only metaphorically in virtual space, or maybe in the fan fiction you’re hiding in your desk, but in fact Bess and I share a real physical […]
This is the worst piece of whoring journalism I have read in a long time. How long are you going to suck [U.S. Attorney Preet Bharara]’s teat? All to hurt a decent, honest witness, [whom assistant U.S. attorney Reed] Brodsky could not lay a glove on. It did not work. The jury was not impressed […]
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What does the U.S. attorney for the Southern District of New York expect from the prosecutors who work for him?
* A former Ropes & Gray attorney caught up in the Galleon Group insider trading scandal, Brien Santarlas, testified yesterday that he was paid thousands of dollars for tips. Then, he was told “to dispose of the phone — break it in half, submerge it in water and put it in a garbage can.” He […]
We all wanted to give Raj the benefit of the doubt. I wanted to believe he was an honest man. How could someone so smart and rich already be involved in something so horrendous? — Leila Gonzalez Gorman, a 44-year-old teacher from Westchester County, who served on the jury that found Raj Rajaratnam guilty of […]
* Attorney Jason Goldfarb pleaded guilty to securities fraud and conspiracy yesterday in a case that originated with the Rajabba investigation. Here’s his firm website photo. [WSJ Law Blog] * Harvard Law is being investigated for violating Title IX. As someone who did not attend Harvard, I assume IX rhymes with sticks. Which brings me […]
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* Raj Rajaratnam’s got a cute insider trading friend named Octopussy. Maybe he’s been doing some other insider trading, if you know what I mean. [Bloomberg] * Florida redefines “beating it.” It may be time to reconsider things if you’re paying $2.99 to watch a hate crime with your pants off. Come on, at least […]
* The epic insider trading trial of Raj Rajaratnam got underway today. Bess Levin, of our sister site Dealbreaker, comes up with a (rather hilarious and bizarre) list of possible character witnesses for Raj. [Dealbreaker] * Speaking of the Rajaratnam trial, who were those mystery men observing the proceedings in the courtroom? [Clusterstock] * In […]
* What is the difference between abortion and infanticide? [WSJ Law Blog] * The House votes to repeal Obamacare. [Politico] * Today’s decision by the Supreme Court in NASA v. Nelson dodges a big constitutional question — much to the chagrin of Justices Scalia and Thomas. [SCOTUSblog] * Just like Monica Goodling, Danielle Chiesi admits […]
* Lawsuit lending, i.e., investing in lawsuits, is a booming business — but are plaintiffs getting screwed (again)? [New York Times] * The “state secrets” doctrine goes before the Supreme Court tomorrow. [USA Today via How Appealing] * Elsewhere in SCOTUS news, Justice Breyer gets a shout-out in the title of a new study: “‘People […]
Today the winners of Lawyer of the Day honors are obvious. Congratulations to Arthur Cutillo, Michael Kimelman, and Jason Goldbfarb, three attorneys who stand accused of involvement in the infamous Galleon Group insider trading scheme. Both Cutillo and Kimelman have distinguished pedigrees, with ties to two top firms. Cutillo (left), a holder of an M.S. […]
