Petrobras

Morning Docket

Morning Docket: 01.05.18

* President Trump ordered White House Counsel Don McGahn to stop Attorney General Jeff Sessions from recusing in the Russia probe -- and Sessions, after not recusing and incurring Trump's wrath, later submitted his signed resignation letter (which the mercurial Trump, who had told Sessions to resign, then declined to accept). [New York Times] * Brazilian oil company Petrobras just announced a $2.95 billion class action settlement, which will be the largest settlement of a class action U.S. securities fraud suit this decade if approved (by Judge Jed Rakoff, so it's not a foregone conclusion). [Corporate Counsel] * Congratulations to litigation finance firm Lake Whillans, which just concluded a $125 million round of funding. [American Lawyer] * Leigh Corfman, one of several Alabama women who accused unsuccessful U.S. Senate candidate Roy Moore of sexual misconduct, is now suing Moore for defamation. [Washington Post] * Speaking of defamation claims, the Trump tax bill contains some very bad news for plaintiffs in such cases (and tort cases more generally, it seems). [Slate] * Tallahassee prosecutor Georgia Cappleman has thrown her hat into the ring for a judicial vacancy; what does this mean for the Dan Markel case, which she's currently handling? [Tallahassee Democrat] * The Motel 6/ICE mess has triggered a lawsuit against the company by Washington State's attorney general. [ABA Journal] * Journalist Roy Strom surveys the year ahead for Biglaw -- and highlights Bruce MacEwen and Janet Stanton's noteworthy prediction of a prominent U.S. law firm forming a joint venture with a "New Law" entity. [Law.com]

Morning Docket

Morning Docket: 10.20.15

* "This is the best we can do" doesn't sound like a ringing endorsement on policy change, but at least the bipartisan sentencing reform bill has a chance to see the light of day. [National Law Journal] * Corporate scandals feed more and more of the news cycle, and general counsels are key to responding. [Law360] * Speaking of corporate scandals, the Petrobras corruption scandal has already cost an estimated $5 billion in losses. [Corporate Counsel] * Yup, Republicans are still trying to undo Obamacare via lawsuit. The Obama administration just lost a ruling to immediately appeal the viability of the lawsuit. [Wall Street Journal] * The Dewey trial's hing jury mirrors the dysfunction of the Dewey & LeBoeuf partnership. [American Lawyer] * The feds are cracking down on drone registration, which means a bunch of new regulations to follow, you know, if you are into flying drones. [Fortune]