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Legal News

The AM Law Daily

Daily legal news from American Lawyer magazine.
By American Lawyer

Post Frequency: 9.5/day

Last Entry: March 30, 2011 at 21:00:00

Galleon Group Insider Trading Trial Set to Begin Tuesday

Posted on March 08, 2011
At last, the most hotly-anticipated white-collar trial of the last couple years is about to get underway. Here's what you can expect both sides to argue.

Paul Hastings Adjusts Its Asia Strategy

Posted on March 08, 2011
With headcounts down in its Japanese, Chinese, and Hong Kong offices, Paul Hastings is deemphasizing large-scale local practices and aiming at higher-end, cross-border work.

With Dissolution Vote Approaching, More Howrey Departures

Posted on March 08, 2011
In the wake of reports of a likely dissolution vote to be taken this week by the partnership at Howrey, partner departures from the firm continue.

SEC Charges Ex-Dewey Associate With Insider-Trading

Posted on March 08, 2011
Former Dewey & LeBoeuf associate Todd Treadway is accused of making $27,400 by trading on inside information about firm clients.

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Florida Foreclosure King to Shut Firm by End of March

Posted on March 08, 2011
Former Florida foreclosure king David Stern says he will shut down his firm--which took in $260 million in 2009--after losing major clients and coming under investigation by state authorities.

The Careerist: Weil and Woolly

Posted on March 08, 2011
Meet Jaclyn Cohen, a newly promoted M&A partner at Weil, Gotshal & Manges who just four years ago was running a little yarn shop in suburban New York City.

Associate Confidential: Keeping Careers on Track Amid a Firm's Collapse

Posted on March 08, 2011
Lost in the hoopla over Howrey: what happens to the firm's 100-plus associates. The biggest concern, naturally, is jobs. On that count, veterans of defunct firms Heller Ehrman, Thacher Profitt, and Thelen can speak from experience.

Canadian Firms Tackle Trio of Natural Resource Deals

Posted on March 08, 2011
Fraser Milner Casgrain, Borden Ladner Gervais, Miller Thomson, Fasken Martineau, and Stikeman Elliott are advising on three separate transactions announced this week in the hot energy and mining sector.

Hazard Gillespie, Longtime Davis Polk Litigator, Dies at 100

Posted on March 08, 2011
S. Hazard Gillespie, a Davis Polk litigator who spent more than 75 years working at the firm, died Monday at the age of 100.

The Am Law 100: Winston's Profits Rise Nearly 10 Percent On Litigation Spike

Posted on March 08, 2011
Profits per equity partner surged by nearly 10 percent at the firm, as litigation picked up and earlier cost cuts increased efficiencies, according to Winston's managing partner.

Italian Firms Take Lead on LVMH's $5.2 Billion Bulgari Deal

Posted on March 08, 2011
Bonelli Erede Pappalardo and Chiomenti are advising on French luxury goods giant LVMH Mo�t Hennessy Louis Vuitton's $5.2 billion acquisition of Italian jeweler Bulgari.

Nine Partners Move from HRO to Holland & Hart in Salt Lake City

Posted on March 08, 2011
The group which includes HRO's litigation chair and the managing partner of the firm's Salt Lake City office is trading one large Denver-based firm for another.

Law School Deception, Part 2

Posted on March 07, 2011
One top school's ride on The National Law Journal's law school rankings roller coaster is particularly interesting and instructive.

Preliminary Injunction Bars Ecuadorian Plaintiffs and Lawyers from Enforcing $9 Billion Judgment Against Chevron

Posted on March 07, 2011
The plaintiffs who won the enormous judgment for the oil company's alleged contamination of the Amazon River basis attempted a couple high-risk strategies to avert the injunction. They came up empty in a trio of decisive rulings Monday.

Starr Report: Prosecutors Expect a Bristol Plea, Winston Responds to Civil Suit

Posted on March 07, 2011
Prosecutors said in court Monday that former Winston & Strawn partner Jonathan Bristol is set to plead guilty to criminal charges stemming from his role in financier Kenneth Starr's $30 million Ponzi scheme. Meanwhile, Winston and Bristol fired back at the plaintiff in a civil lawsuit related to Starr's scam.

Schulte Roth Wins $1.7 Million Arbitration Award Against Ex-Client

Posted on March 07, 2011
The firm has been awarded $1.7 million in legal fees as a result of a civil suit filed against private investment firm and former client The Belstar Group.

The Careerist: End of Puppy Mills?

Posted on March 07, 2011
The job placement situation has led two law schools to decrease the number of students they will admit.

The Churn: Buying in Bulk

Posted on March 07, 2011
Bracewell & Giuliani adds three partners; Greenberg Traurig welcomes two shareholders in the D.C. area; and the Tokyo office of Morrison & Foerster has a new tax group from White & Case. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

O'Melveny Advises Western Digital for $4.3 Billion Hitachi Storage Purchase

Posted on March 07, 2011
Western Digital plans to buy Hitachi's data-storage business. Morrison & Foerster and Skadden, Arps, Slate, Meagher & Flom are advising Hitachi.

Gulliver's Gone: Kirkland, Baker on $700 Million Sale of Travel Firm

Posted on March 07, 2011
Kirkland & Ellis is advising Travelport on the $720 million sale of its Gullivers Travel Associates unit to Zurich-based Kuoni Travel Holding.

Ballard Spahr Suing Harrisburg After Helping Debt-Saddled City

Posted on March 07, 2011
The firm represents TD Bank, which is suing Harrisburg over $35 million in debt. Ballard Spahr advised Pennsylvania's capital city just last year.

Clyde & Co Latest Firm Eyeing Opening in Canada

Posted on March 07, 2011
One year after Clyde & Co opened in New Jersey, the British firm is reportedly looking to establish offices in Montreal and Toronto by joining forces with a Canadian firm.

After Solid 2010, Perkins Coie Adds New York Office

Posted on March 07, 2011
Eager to pick up more restructuring work--and coming off a year that saw both revenue and profits-per-partner rise--the Seattle-based firm makes a modest move into Manhattan.

Dealmaker of the Week: Robin Panovka Wachtell, Lipton, Rosen & Katz

Posted on March 04, 2011
Panovka's team at Wachtell led the way for Ventas in a $7.4 billion stock deal that will create the country's largest health care REIT, amid a flurry of similar deals in an active sector of the market.

The Score: Skadden Trumps Proskauer Again in Lawyer Classic

Posted on March 04, 2011
It might not be the Winter Classic, but the two Am Law 200 firms faced off for the fourth annual Lawyers' Cup on Thursday to raise money for Ice Hockey in Harlem. Plus: More on the NFL labor talks, the Mets/Madoff drama, and prosecutions of Barry Bonds and Roger Clemens proceed.

Howrey To Vote On Dissolution Next Week

Posted on March 04, 2011
Two current and one former partner say the firm is set to vote on dissolution next week--likely on Wednesday.

New Mentorship Program Aims for Diversity in Legal Field

Posted on March 04, 2011
The Leadership Council on Legal Diversity is launching its Fellows Program this weekend with the long-term goal of fostering diversity in the legal industry and improving the networking and leadership skills of up-and-coming attorneys.

Debevoise Advises as AIG Sheds MetLife Stake for $9.6 Billion

Posted on March 04, 2011
The firm is advising AIG on a yet another asset sale as the insurance giant continues to work toward paying off its government bailout.

The Churn: Lateral Moves and Promotions in The Am Law 200

Posted on March 04, 2011
Simpson Thacher lands Bank of America's former deputy general counsel; Choate, Hall adds a Nixon Peabody co-practice group leader; and Morrison & Foerster brings in a new head of its investment management practice. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Federal Judge Sanctions Howrey Client Over "Vexatious Litigation Strategy"

Posted on March 04, 2011
With its remaining partners reportedly set to vote on winding down the firm next week, Howrey took a hit in federal court in Oakland Thursday when a judge found that one of its clients had engaged in litigation misconduct and ordered the company to pay $339,315 in costs and potentially millions in attorneys' fees...

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