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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

With Shareholders Okay, Smurfit-Stone Set to Exit Bankruptcy

Posted on May 25, 2010
More than a year after Smurfit-Stone Container Corp., filed for bankruptcy, the Chicago-based company is ready to emerge from Chapter 11 protection after reaching an agreement that will allow shareholders to recoup some of their investment.

Corporate Clients Not Created Equal, Billing Rates Survey Shows

Posted on May 25, 2010
Firms are charging different hourly rates to different clients for doing similar work, according to an analysis of more than $4 billion in law firm billings to be released in September.

The WaMu Bankruptcy Won't End

Posted on May 25, 2010
Now it's a group of noteholders represented by Boies Schiller that is opposing a proposed settlement.

The Mickey Tettleton Chronicles: Seeking to Speed Sale, Rangers File for Bankruptcy

Posted on May 25, 2010
In this edition: Weil, Gotshal's fees on the Texas Rangers sale, LeBron James's latest legal woes, a former college football walk-on gets sworn in, and Warren Sapp sacks Scott Rothstein.

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The Careerist: Are List-Worthy Firms All that Family Friendly?

Posted on May 25, 2010
How did a company like Novartis, which was just slapped with one of the biggest punitive damages awards for sex discrimination, make Working Mother magazine's coveted list of the top 100 companies for women? And is there a "Novartis" lurking among the magazine's law firms list?

S&C, Chadbourne Advise on $1.3 Billion Utility Deal

Posted on May 25, 2010
Connecticut utility UIL buys three natural gas companies serving southern New England from Spain's largest power company--and doubles its customer base in the process.

So...What Does it Take to Get Disbarred in New Jersey?

Posted on May 25, 2010
In the case of one Garden State lawyer, a disciplinary board's finding that he concocted $350,000 in phony billings and slept with a woman he was representing in a divorce proceeding may not be enough to do the trick, sibling publication the New Jersey Law Journal reports...

Covington, Hogan on $175M Genzyme Settlement

Posted on May 25, 2010
The firms are helping the drugmaker resolve major quality-control issues.

Search Ends for Missing Irell & Manella Partner

Posted on May 25, 2010
The Coast Guard has suspended its search for Thomas Kirschbaum, an Irell & Manella employee benefits partner who was being treated as a missing person since his empty sailboat washed ashore on a Venice, Calif., beach on Sunday.

Greenberg, K&L Gates Land Unlikely Roles on $1 Billion Health/Hospice Deal

Posted on May 24, 2010
Will this one be the first of many?

Arizona Tribe Sues Steptoe Over Loan Losses

Posted on May 24, 2010
The Fort McDowell Yavapai Nation in Fountain Hills, Ariz., is suing Steptoe and Johnson for malpractice, claiming the firm improperly changed the terms on loans extended by the tribe.

The Careerist: Elena Kagan is Unmarried and Childless ... So What?

Posted on May 24, 2010
Is Elena Kagan a poor role model for women lawyers because she's single and childless? Some people seem to think so.

Midday Monday Deal Roundup: Tech, Banking, Restaurants, Real Estate, and Mafia Wars

Posted on May 24, 2010
Who said M&A was DOA? Cravath, Baker Botts, Haynes and Boone, Goodwin Procter, Skadden Arps, Dewey & LeBoeuf, Fenwick & West, and two leading Spanish firms grabbed roles on five noteworthy deals announced in the past week.

Bryan Cave Partner to Take No. 2 Spot at DOJ

Posted on May 24, 2010
If you're looking for a guy who has handled hot-button cases with a steady hand, James Cole appears to be a good choice, experts say.

Am Law 100 Valdez Vet Mulls Diving Into BP Mess

Posted on May 24, 2010
Brian O'Neill, the Faegre & Benson in the long-running litigation over the Exxon Valdez oil spill, spoke with Minnesota Public Radio and the Corporate Crime Reporter about the perils of litigating against Big Oil.

SCOTUS Sacks Covington, Spikes NFL's Antitrust Case

Posted on May 24, 2010
But how big a defeat is this for sports leagues?

The Careerist: Do's and Don'ts From Jones Day's Hiring Partner

Posted on May 22, 2010
Jones Day hiring partner Gregory Shumaker, who heads up the firm's law school and lateral hiring efforts, has a few interview and job tips for law students and incoming summer associates.

Citing Manatt Contacts, Top Jamaican Official Quits Government Posts

Posted on May 21, 2010
Dr. Ronald Robinson--a senator in the Jamaican parliament, junior minister in the country's foreign affairs ministry, and member of the ruling Jamaica Labour Party--resigned his government positions Thursday, in part over his dealings with Manatt, Phelps & Phillips in connection with a controversial extradition dispute.

Wachtell Advising JCI on Visteon Bankruptcy Bid

Posted on May 21, 2010
The firm is advising auto parts supplier Johnson Controls, Inc., on a $1.25 billion unsolicited bid for the automotive interiors and electronics business of bankrupt rival Visteon. JCI sees the acquisition as a way to bolster its business in China. But Visteon isn't acquiescing just yet.

The New Squeeze: Firms Push Back on Recruiter Fees

Posted on May 21, 2010
Side note: Does placing a laid-off associate merit a lower fee than placing one with a job? At least one firm thinks so.

Dealmaker of the Week: Michael Braun of Morrison & Foerster

Posted on May 21, 2010
This week's announcement that Japanese drugmaker Astellas Pharma Inc. had finalized its $4 billion acquisition of Melville, N.Y.?based OSI Pharmaceuticals, Inc. capped a busy Astellas's lead deal lawyer.

Fried Frank, Weil Advise on Goldman's $1.7B Poultry-and-Potatoes Buy

Posted on May 21, 2010
Michael Foods, the Minnetonka, Minn.-based eggs and refrigerated potatoes supplier, announced on Friday that private equity owner Thomas H. Lee Partners had agreed to sell a majority stake in the company to an affiliate of Goldman Sachs for $1.7 billion...

One Pennsylvania County Probably Wishes It Had Never Heard of "Sexting"

Posted on May 21, 2010
Because Cozen O'Connor and the ACLU aren't going to let them forget about it.

Ho-Hum: Baker & McKenzie on Another Abbott Megadeal

Posted on May 21, 2010
But this one's in India, which brings up the touchy issue of what foreign lawyers are and are not allowed to do there. Perhaps this is why lawyers wanted no part of talking about an otherwise ho-hum deal.

Dubai World Debt Deal One Step Closer to Done

Posted on May 20, 2010
Despite an announcement on Thursday that debt-ridden Dubai World had reached agreement with a consortium of lender banks to restructure $23.5 billion in debt, lawyers familiar with the negotiations say there is still work to be done. And everyone seems to be curious as to who is advising Abu Dhabi.

Fake R�sum� Case Ends Where It Started: A Three-Year Suspension

Posted on May 20, 2010
Finally, a resolution to the case of the young lawyer who fooled three Am Law firms.

What's in a Name? Cooley Decides Less is More

Posted on May 20, 2010
Single word monikers work for celebrities like Madonna, Bono, and Oprah, so why not a law firm?

At Heart of Superman Suit, a Disappearing Lawyer with a Grudge

Posted on May 20, 2010
Given that the storylines played out in Superman comic books are full of shadowy figures with dark motivations, it seems fitting that the real world legal fight over who owns the rights to the Man of Steel would feature such a character in a pivotal role...

The Bankruptcy Files: Barcalounger and Movie Gallery Go Bust, Hughes Hubbard Gets Paid

Posted on May 20, 2010
Barcalounger slips into bankruptcy, the curtain falls on Movie Gallery, and a bankruptcy court filing reveals that Hughes Hubbard has been paid nearly $85 million for 19 months of work advising the trustee liquidating the broker-dealer unit of defunct Lehman Brothers.

Paul Hastings Fights Genetic Discrimination Claims Under New Law

Posted on May 20, 2010
Did a Connecticut natural gas retailer violate a new law banning discrimination based on genetic tests when it fired a woman who had a mastectomy after learning she carried the BRCA-2 gene?

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