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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

Cravath, Dewey in Convenience Store Wars

Posted on April 09, 2010
Cravath finds itself in the middle of another hostile takeover bid--this time on behalf of a company balking at being acquired.

Up in the Air: Who'll Get the Work in Potential United-US Airways Merger?

Posted on April 09, 2010
With Cadwalader, Cravath, Skadden, and Wilmer all having prior relationships with both parties--including previous failed attempts at a merger--The Am Law Daily reached out to lawyers at those firms to try and see who might land an advisory role should another airline megamerger depart the runway.

Arnold & Porter Aids in Defense of Anti-Cockfighting Laws

Posted on April 09, 2010
A federal appeals court struck down a constitutional challenge to a federal law designed to punish cockfighting.

Will the Tribune Settlement Bypass Brown Rudnick?

Posted on April 09, 2010
The Tribune Co. estate has struck a deal with its creditors, including the banks behind the leveraged buyout that sunk the company. But at least one key creditor appears to be left out in the cold.

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Simpson, S&C Lead on Latest Primus Financial Deal

Posted on April 09, 2010
The two firms landed lead roles on a deal that will see Hong Kong-based investment firm Primus Financial acquire a 70 percent stake in municipal bond broker Chapdelaine.

Vinson, Wachtell, Jones Day on Latest Marcellus Shale Deal

Posted on April 09, 2010
That must be one sweet, sweet slice of shale.

Firms Staffed Up and Ready for Health Care Work

Posted on April 09, 2010
With the Patient Protection and Affordable Care Act of 2010 a reality, law firms are busy trying to figure out how clients can best use their services when crafting corporate health care plans that comply with the new legislation.

Breaking: Stevens to Retire

Posted on April 09, 2010
Following weeks of speculation about when he might step down, U.S. Supreme Court justice John Paul Stevens made it official this morning: he will retire from the Court after 34 years effective one day after this year's summer recess begins, reports sibling publication The BLT: The Blog of Legal Times...

Faced With Suit, Kelley Drye Drops Retirement Policy

Posted on April 08, 2010
The firm announced late Thursday that it has amended its partnership agreement so that equity partners can continue to work past he age of 70, the New York Law Journal reports.

Tribune Bankruptcy Brawl is Starting to Make Us Uncomfortable

Posted on April 08, 2010
The back-and-forth between law firms in the Tribune bankruptcy case has reached new levels of nastiness, with talk of a "day of reckoning" and another call for sanctions against Brown Rudnick.

Sudden IPO Surge Has Hungry Firms Scarfing Up Assignments

Posted on April 08, 2010
When we spoke with several corporate securities lawyers last month about the state of the moribund IPO market, most of them were optimistic that public offerings were poised for a rebound. And if this week's goings-on are any indication, some firms can indeed look forward to good times on the horizon.

Settlement Talks Between USDA, Native American Farmers Appear Stalled

Posted on April 08, 2010
With a scheduled April 15 status hearing drawing near, negotiations appear to have stalled in a decade-old discrimination suit brought by Native American ranchers and farmers against the U.S. Department of Agriculture, reports sibling publication The National Law Journal.

Mayer Brown Makes Third Round of Layoffs

Posted on April 08, 2010
The Chicago-based firm is cutting loose 28 lawyers and 47 staffers.

Freshfields, S&C Lead on Renault-Nissan-Daimler Alliance

Posted on April 08, 2010
The auto industry's struggles continue to produce a ton of work for law firms, with Freshfields among the busiest.

Have Mandatory Retirement Policies Outlived Their Usefulness?

Posted on April 08, 2010
A recent suit filed by the EEOC against Kelley Drye & Warren on behalf of a 79-year-old former partner has focused new attention on whether some law firms' retirement policies are more antiquated than the lawyers they seek to replace, according to the New York Law Journal.

Hogan, Lovells Continue to Shed Lawyers Ahead of Merger

Posted on April 08, 2010
In the latest development, Akin Gump has snagged what was Hogan's Geneva office.

Lobbying Pact Puts Manatt at Center of Jamaican Political Storm

Posted on April 07, 2010
At issue: Did the firm seek to influence U.S. officials in an ongoing extradition dispute involving a reputed Kingston drug lord facing criminal charges in this country?

Big Names to NALP: Show Us the Non-Equities!

Posted on April 07, 2010
Separating equity partners from non-equity partners in legal directories is crucial to assessing diversity in law firms' partnership ranks, according to a group urging NALP to collect partnership data in this way.

As the Defense Turns: More Lawyers Coming and Going in Stanford Case

Posted on April 07, 2010
R. Allen Stanford's relationship with lawyers has always been complicated. Now, a federal judge in Texas is trying to simplify matters by preventing the disgraced financier from adding more attorneys to his constantly changing defense team.

Sources: Cleary Nabs Google Antitrust Work in AdMob Flap

Posted on April 07, 2010
A potential FTC action is just one of the search giant's latest legal headaches.

Campaign Cash Low, Blago May Tap Taxpayers to Cover Legal Tab

Posted on April 07, 2010
A little more than a year ago, ex-Illinois Gov. Rod Blagojevich had $2.8 million in campaign funds available to pay the legal costs associated with defending himself against federal corruption charges. Today, despite a judge capping defense lawyers' fees in the case at $110 per hour, Blagojevich has just $1...

Baker Botts Repping Exxon in Superfund Suit Against Government

Posted on April 07, 2010
Having spent $45 million to clean up environmental damage connected to a Texas refinery, the company wants to be reimbursed for its costs--and believes the federal government should ante up.

In Amended Complaint, Ex-Wife of SAC Capital's Cohen Targets New Defendants

Posted on April 06, 2010
The twisting tale of the civil racketeering suit against Steven Cohen took another turn Tuesday when the new lawyer for his ex-wife filed an amended complaint in federal court against the hedge fund billionaire and six other defendants.

Did Somebody Drop the Ball for Kraft?

Posted on April 06, 2010
The company's planned acquisition of Cadbury has not started off smoothly.

Roller Coaster Ride Ends: Cedar Fair LBO Called Off

Posted on April 06, 2010
Four firms advised on the deal. So much for what was originally one of 2009's only leveraged buyouts.

Legal Sector Lost 500 Jobs in March

Posted on April 06, 2010
While the nation's unemployment rate remained unchanged at 9.7 percent in March, U.S. Bureau of Labor Statistics data shows that the legal sector took a small step back by losing 500 jobs during that period.

Kelley Drye Fires Back in Age Bias Case

Posted on April 06, 2010
The firm argues that the former partner whose complaint prompted an EEOC suit is not eligible for the federal age discrimination protections he claims to be entitled to.

New Twist in Ex-Wife's RICO Suit Against SAC Capital's Cohen

Posted on April 05, 2010
The civil racketeering suit filed against hedge fund billionaire Steven Cohen in December by his ex-wife Patricia Cohen (n�e Finke) has taken another, with Finke's former lawyer suing his erstwhile client and her new lawyer for unpaid legal fees.

Jones Day, Allen & Overy on Ross- Branson Team-Up For Distressed British Banks

Posted on April 05, 2010
Their first target: up to 300 branches of the Royal Bank of Scotland.

Report Spotlighting Venable Lawyer Spawns Larger Debate on SEC's "Revolving Door"

Posted on April 05, 2010
New concerns are being raised about lawyers leaving the Securities and Exchange Commission and immediately defending companies before the agency.

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