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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

More Troubles for Manatt Phelps

Posted on October 13, 2010
On the same day that Manatt agreed to pay $550,000 to resolve allegations that it improperly brokered New York pension fund investments, the Jamaican government announced it was establishing a commission to investigate how the firm was hired for a controversial lobbying assignment.

Fulbright Report: Litigation on the Rise

Posted on October 13, 2010
The firm's seventh annual survey of corporate counsel is a bad news-good news sort of read. On the one hand, litigation is up. On the other hand, litigation is up!

K&L Gates, Thompson & Knight Sued Over Sunwest Roles

Posted on October 12, 2010
More litigation filed against two firms over their alleged involvement in the downfall of now-bankrupt Sunwest Management.

Eminem's Publisher to Apple: Show Us the (Settlement) Money

Posted on October 12, 2010
"Money is what makes a man act funny," Eminem spits out. "Money is the root of all evil." Still, the rapper and his publisher want what they're owed.

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Bad Burger: Steptoe Wins Court Case Against Rogue States

Posted on October 12, 2010
The firm has prevailed in litigation against Washington, D.C.-based burger shop Rogue States, which a D.C. superior court judge ruled on Tuesday must immediately modify its malodorous ventilation system or shut down.

Shifting Away from Billable Hours...Eventually

Posted on October 12, 2010
Economic struggles in recent years have led to clients rethinking how they want to be charged by outside firms--but change is coming slowly. Will the recession really kill billable hours?

Reuters: Fed Lawyer Heading to Wachtell

Posted on October 12, 2010
The super selective firm rarely hires laterals. But according to the news agency, Wachtell might soon be bringing on Patricia Robinson, an assistant general counsel at the U.S. Federal Reserve Board.

Tribune, Creditors Reach Agreement on Reorganization Plan

Posted on October 12, 2010
After almost two years of Chapter 11 proceedings, the Tribune Company has reached an agreement with a group of senior lenders and unsecured creditors on a pact that could pave the way for the media giant's exit from bankruptcy.

Malpractice Suit Against Weil Gotshal Remanded to Missouri State Court

Posted on October 12, 2010
The U.S. Bankruptcy Appellate Panel for the Eighth Circuit has reversed the dismissal of a legal malpractice action filed against the firm for allegedly mishandling a religious organization's bond debt during a restructuring effort.

Cadwalader, Covington Handle Pfizer's King Pharmaceuticals Buy

Posted on October 12, 2010
The world's largest drugmaker has agreed to acquire a leading provider of pain medications in a $3.6 billion cash deal.

The Careerist: Women in Washington

Posted on October 11, 2010
So it's bland and stodgy, but D.C. is also the hot, go-to place for ambitious women.

Five Firms Hoist Extended Stay Out of Bankruptcy in $3.9 Billion Deal

Posted on October 11, 2010
The bankruptcy of Extended Stay Hotels, the largest Chapter 11 case ever filed by a U.S. hotel owner, came to an end on Friday as the Spartanburg, S.C.-based hotel chain was sold to a private equity consortium in a $3.93 billion deal.

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

Posted on October 11, 2010
Milbank, Tweed launches a new Hong Kong office with a lateral partner; Gibson, Dunn has added a partner in Dubai; and Chadbourne & Parke's Warsaw office brings in a new finance partner. The Churn is constant. Please send all announcements and news releases to thechurn@alm...

Vinson Leads for Chesapeake on $2.2B CNOOC Deal

Posted on October 11, 2010
The firm's not the only one with a piece of the action. Wachtell, Wilmer, and Oklahoma City's Commercial Law Group also worked on the deal that is reported to be the largest acquisition of U.S. energy assets by a Chinese company.

Second Circuit Serves up Twist in Stoli Vodka Litigation

Posted on October 11, 2010
Quinn Emanuel is representing a Russian government-owned entity in the trademark case; Covington & Burling and Debevoise are representing the defendants.

Skadden, S&C Score Roles on Renault's $4.2 Billion Volvo Sale

Posted on October 11, 2010
Renault has agreed to sell its stake in Swedish truck maker Volvo AB--roughly 300 million shares--to institutional investors in a deal that will allow the French carmaker to use the proceeds to pay down debt.

Discovery Settles with "Deadliest Catch" Fishermen

Posted on October 11, 2010
Captains Sig Hansen, Johnathan Hillstrand, and Andy Hillstrand are heading back to the deadly waters of the Bering Sea.

Challenging a Student Lender Head-On

Posted on October 11, 2010
Even lawyers, it turns out, can get tripped up by the fine print.

Steering Committee Members Selected for Gulf Coast Oil Spill Suits

Posted on October 11, 2010
A U.S. district court judge in New Orleans has picked 15 lawyers to lead a plaintiffs steering committee in multidistrict oil spill litigation against BP and several other defendants stemming from the Deepwater Horizon oil disaster in the Gulf of Mexico last April.

Gymboree Jamboree: Ropes, Wilson Sonsini, Skadden Advise on $1.8B Buyout

Posted on October 11, 2010
That'll pay for a whole lot of onesies.

The Careerist: Somewhere Over the Rainbow

Posted on October 10, 2010
Are we overselling the idea of the perfectly balanced life--particularly the fantasy that home and work mesh wonderfully once you hop off the legal or corporate track?

The Bankruptcy Files: MGM and Four More

Posted on October 09, 2010
A bankruptcy filing by Metro-Goldwyn-Mayer appears to be less than a month away, good news for the movie studio's bankruptcy lawyers at Skadden Arps. Other firms picking up key restructuring roles include Bryan Cave, Kirkland & Ellis, Mayer Brown, and McGuireWoods.

Dealmaker of the Week: Brian Fahrney of Sidley Austin

Posted on October 08, 2010
Two General Electric units announced and signed billion-plus dollar deals within 24 hours of each other earlier this week. Fahrney took the lead on both.

When Foreclosure Cases Get Tough, Big Firm Lawyers Step In

Posted on October 08, 2010
Come down to Florida with us. The weather's nice.

UConn Admits to Recruiting Violations, Imposes Penalties

Posted on October 08, 2010
The school owned up to NCAA recruiting violations by its basketball program. But what about coach Jim Calhoun?

Jamaican Lawyer's Suit Against Prime Minister Raises More Manatt Questions

Posted on October 08, 2010
The plot thickened this week in a dispute over who hired Manatt, Phelps & Phillips for a controversial Jamaican lobbying assignment.

BREAKING: 12 European IP Partners, 14 Associates Leaving Howrey

Posted on October 08, 2010
Citing persistent client conflicts and work flow issues with the the firm's U.S. offices, Howrey's Europe IP head and 11 other partners are planning to leave to create an independent IP boutique.

Sanofi-Genzyme Turning (Slightly) Ugly

Posted on October 08, 2010
Some private chit-chat is becoming public.

Legal Jobs on the Rise as Overall Jobs Numbers Decline

Posted on October 08, 2010
The legal sector saw its third straight month of improvement in employment numbers--2,500 jobs were added to the sector in September. Overall, according to the latest report from the Bureau of Labor Statistics, 95,000 jobs were lost last month.

Plaintiffs Firms Earn Sanctions Smackdown in Securities Case

Posted on October 08, 2010
Rule 11 sanctions are rare in securities cases, since plaintiffs firms tend to abandon cases early on when they realize they've got a stinker. Not so for Labaton Sucharow and Barroway Topaz in their failed class action against Star Gas.

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