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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

McKenna Long Under Fire Over Elan Ethics Report

Posted on September 23, 2010
Activist shareholders are questioning whether a corporate governance expert--and McKenna Long & Aldridge partner--was independent enough to effectively probe disclosure practices and possible conflicts of interest at the Irish drugmaker.

Akin Gump, Creditors Win Philly Papers Auction

Posted on September 23, 2010
The second time was the charm for senior creditors in an auction for ownership of Philadelphia's two largest newspapers. And in sticking the auction process out for another round, they saved themselves $34 million in cash.

Bingham's Dodger Debacle: Silverstein Plays Defense

Posted on September 23, 2010
Could a Bingham McCutchen partner's tendency to "garble" his words cost Frank McCourt ownership of the Los Angeles Dodgers?

Google, YouTube Beat Back Spanish Copyright Suit over Unauthorized Content

Posted on September 23, 2010
Just three months after Google defeated Viacom's $1 billion copyright suit in the U.S., the company proved it can overcome similar claims in Europe.

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Extra! Dying Newspaper Update: Chadbourne Safe! Philly Papers Auction Kicks Off!

Posted on September 23, 2010
Does anyone actually want these properties?

Least Surprising News of the Day: Blockbuster is Bankrupt

Posted on September 23, 2010
Burning questions as the movie-rental chain finally makes its Chapter 11 filing official: Do we root for our local store to stay open? Or do we root for it to shut down and for a liquidation sale that allows us to snap up the Harry Potter movies on the cheap?

Cadwalader Declines to Testify Before Congressional Oversight Panel

Posted on September 22, 2010
The firm did not testify before a Congressional Oversight Panel looking into the use of private contractors hired by the U.S. Department of the Treasury for work related to the Troubled Asset Relief Program.

The Lehman $1 Billion Watch Continues

Posted on September 22, 2010
We're almost there--and Lehman may be closer to emerging from bankruptcy than we had thought.

Agreement Puts Vorys Sater Back to Work in Cincinnati

Posted on September 22, 2010
A long-running dispute between Hamilton County, Ohio, commissioners and a local prosecutor nearly scuttled the firm's $17 million (and counting) municipal contract, but on Tuesday Vorys lawyers got the all-clear to continue their work.

Back for More in Ecuador

Posted on September 22, 2010
In the massive toxic tort litigation against Chevron in Ecuador, plaintiffs have returned to Ecuadorian court with a damages claim of more than $100 billion. Meanwhile, Chevron gets a taste of its own medicine and loses a 1782 discovery motion based on an embarrassing transcript.

Bingham Partner Admits to Altering Document at Heart of McCourt Divorce

Posted on September 22, 2010
With ownership of the Los Angeles Dodgers at stake, David Boies grilled Bingham's Lawrence Silverstein about a crucial change he made to a 2004 marital property agreement without alerting Jamie McCourt.

MoFo, Kirkland & Ellis Clean Up With Clorox Deal

Posted on September 22, 2010
Morrison & Foerster advised Clorox on the sale of its global auto care businesses to private equity firm Avista Capital Partners on Tuesday. Kirkland & Ellis represented Avista on the $780 million deal.

Want to Be Super Depressed? Read This!

Posted on September 22, 2010
The story of the man who asked President Obama that question.

Former Hinshaw Partner Implicated in Fraud Scheme

Posted on September 22, 2010
The SEC has charged Todd Duckson, a former capital markets partner at Hinshaw & Culbertson and current CEO of Minneapolis-based specialty finance company True North Finance, with defrauding several hundred investors in a real estate lending fund.

Jones Day Gets Real Hostile in Potash-BHP War

Posted on September 22, 2010
Would you like some litigation with your hostile fertilizer-business takeover?

Discovery Turns to Williams & Connolly Again for Deadliest Catch Suit

Posted on September 22, 2010
Discovery Communications is no stranger to litigation related to its top television programs. And when the Silver Spring, Md.-based cable channel operator does go to court, it brings in the litigation big guns from Williams & Connolly, even when the case is against two small-town fishermen from Alaska.

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

Posted on September 21, 2010
The former chief of staff to the late Senator Edward Kennedy joins Wilmer Cutler; Sidley Austin adds partners in London and San Francisco; and Tom McCoy will cohead a new practice at O'Melveny & Myers. Plus: Orrick's London and Paris offices welcome three new partners...

The Careerist: Lawyers Who Lust

Posted on September 21, 2010
Are lawyers more licentious than ever? Or is the profession just getting more uptight about sexual transgressions?

Pass the Popcorn: MGM Saga Keeping At Least Five Firms Busy

Posted on September 21, 2010
Skadden Arps, O'Melveny & Myers, Allen Matkins, Simpson Thacher, and a top L.A. bankruptcy boutique have taken leading roles advising various clients in connection with the restructuring and potential sale of Metro-Goldwyn-Mayer.

Dewey, Mark Cuban Must Fight Insider-Trading Case After All

Posted on September 21, 2010
Mark Cuban is a fighter, and fight he must.

Reporter's Privilege Takes Center Stage in NY, NJ

Posted on September 21, 2010
The Judith Miller precedent! Options back-dating! Snarky blog comments! It's a big week for the First Amendment and reporter's privilege.

So Much for the Hurd-HP Bloodbath

Posted on September 21, 2010
And just like that--poof--it was gone.

Dodger Blues: Bingham Set to Take Center Stage in McCourt Divorce Drama

Posted on September 20, 2010
The high-stakes divorce battle between real estate investor Frank McCourt and his wife Jamie over ownership of the Los Angeles Dodgers continues this week with Bingham McCutchen's role in the dispute getting a turn in the Hollywood spotlight. Meanwhile, a University of Minnesota Law School student finds the case could be the start of a new career...

The Careerist: You're Failed the Bar and You Want a Job?

Posted on September 20, 2010
Career coach Betsy Munnell advises on how to make the best of a very bad situation in this job market.

Bay Area Blotter: New Turns in Criminal Cases Affecting MoFo, Wilson Sonsini

Posted on September 20, 2010
A former Morrison & Foerster partner and his wife have pled not guilty to charges of using their autistic son in a $400,000 fraud scheme, while a third and final defendant has done the opposite and admitted guilt in a $1 million office supply scam involving Wilson Sonsini Goodrich & Rosati.

Sonnenschein Helps Shoot Down Oregon Sex Laws

Posted on September 20, 2010
Back to the drawing board, again, Oregon.

Cravath, Wilmer on IBM's $1.7 Billion Deal

Posted on September 20, 2010
It's all about analytics, baby.

Five Firms Advise on $1.6 Billion Security Deal

Posted on September 20, 2010
French aerospace and security conglomerate Safran has agreed to acquire most of U.S. security firm L-1 Identity Solutions, which specializes in face, fingerprint, palm, and iris recognition systems to secure assets. The deal is another sign that biometrics is the new face of national defense...

Firms Lining Up for Their Turn at Video Game Case

Posted on September 20, 2010
Guess Williams & Connolly, Irell, and Sonnenschein all love their Grand Theft Auto.

Eversheds Takes It to the Clients

Posted on September 20, 2010
A tough economic climate out there continues to challenges law firms to do things they never would have considered before. Alternative billing? RFPs? A season of ego-sapping beauty contests? They're all on the table. Now, add legal department consulting to the list.

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