
Former Income Partner Sues Defunct Firm, Alleging Pension Scam By Equity Partners
This ex-partner claims that as the firm was failing, pension contributions were being used to pay shareholders.
This ex-partner claims that as the firm was failing, pension contributions were being used to pay shareholders.
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One firm -- guess which one -- has a plan with an average account balance of $2.1 million.
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* Today's the first Monday in October, and we all know what that means. The Supreme Court starts its Term as disapproval of its work reaches a new high for recent years. [Gallup via How Appealing] * And here's Adam Liptak's excellent overview of the new Supreme Court Term, so you can sound smart at cocktail parties this month. [New York Times] * In other SCOTUS news, Senator Bob Menendez is fighting the bribery charges against him by relying upon a high court decision he once condemned -- can you guess which one? [The Record How Appealing] * Which presidential candidates get the most in campaign contributions from Silicon Valley lawyers? The second-place finisher might surprise you. [The Recorder] * Elsewhere in presidential politics, Hillary Clinton will announce new gun-control proposals later today. [New York Times] * Don't rush off to law school just yet, but the legal sector did gain a few thousand jobs last month, layoffs notwithstanding. [American Lawyer] * Dewey have any idea of when this jury will reach a verdict? [Law360] * Super-mediator Kenneth Feinberg's latest challenge: pension reform. [National Law Journal]
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Greenberg Traurig's CEO opens up on a variety of subjects, ranging from the firm's recent capital call to the measures it has taken to respond to prior scandals.
The latest Dewey developments: partner reactions to the proposed settlement plan, how to handle or dispose of thousands of boxes of client files, and pension problems for ex-employees.
What's the latest news in the Dewey & LeBoeuf bankruptcy?
Dewey & LeBoeuf is preparing itself for the afterlife: it's shedding overseas offices, sending partners packing, and finding new takers for its real estate (and its pension obligations).
* When Dewey tell the world that we’re dead, but not yet buried? The firm filed a notice with the New York State Department of Labor listing its closing date as yesterday. And what’s their reason for doing so? “Economic.” [Am Law Daily (sub. req.)] * “The continuing loss of revenue-generating partners and Dewey’s debt load has culminated in the imminent demise of Dewey.” Damn, the PBGC certainly doesn’t mince words. Say hello to the flailing firm’s latest lawsuit of many. [Reuters] * A judge reinstated Le-Nature’s $500M case against K&L Gates for failure to detect fraud. Hope the firm has a half-billion lying around — they haven’t been doing too well with the whole honesty thing lately. [Businessweek] * You stay classy, DSK! Your aggravated pimp hand is strong! Dominique Strauss-Kahn filed a $1M countersuit against Nafissatou Diallo because she “ruined his life, personally and professionally.” [Wall Street Journal] * Conspiring to price fix? There’s an app for that! A federal judge denied Apple’s and several book publisher’s motions to dismiss a consumer class-action lawsuit about e-book pricing. [Media Decoder / New York Times] * Now this is some backwards ass Fern Gully sh*t. A judge refused to dismiss Chevron’s racketeering and fraud lawsuit against New York attorney Steven Donziger for his work done in Ecuador. [New York Law Journal] * Thomas Jefferson Law will be the site of the next solo incubator. This is a great way to keep your grads from suing you (not to mention a great way to increase your employed-at-nine-months rate). [National Law Journal]