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With former federal judge and FBI director Louis Freeh and Hughes Hubbard & Reed corporate reorganization co-chair James Giddens set in their roles as trustees for bankrupt MF Global Holdings, several Am Law 100 and international firms are angling to help unwind the defunct derivatives broker.
Prompted by The New York Times' examination of the top donors to the so-called super PACs making their presence felt in this year's presidential campaign, The Am Law Daily takes a look at which lawyers and law firms gave the most to these nominally independent entities. Also in the news: A Dozen D.C. Lawyers on Board as Obama Campaign Bundlers
Two weeks before pivotal appellate arguments over the fate of the $8.5 billion settlement she negotiated with Bank of America, Kathy Patrick of Gibbs & Bruns is showing no signs of backing down from pursuing demands that major U.S. banks repurchase mortgage-backed securities.
The law firm consolidation trend continued this week, with Womble Carlyle absorbing a three-lawyer South Carolina shop and Baker Donelson executing its third merger in less than four months by picking up a seven-lawyer Houston firm. And the urge to merge is not exclusive to the United States.See more information on the Baker Donelson merger, from the Tex Parte Blog.
As Facebook files its initial public offering paperwork with the Securities and Exchange Commission, regulators and potential investors will examine the company under a fiscal microscope and decide just how much they "like" its operational structure. What are the top three concerns for regulators?
Fenwick & West is representing Facebook in its upcoming IPO, with a team led by firm Chairman Gordon Davidson, along with corporate partner Jeffrey Vetter and associate James Evans. Simpson Thacher & Bartlett is representing the underwriters with a team that includes corporate partners William Hinman Jr. and Daniel Webb. See additional details on the Facebook IPO and on Fenwick's 2011 revenues.
The team of lawyers behind proposed class actions against the Thomas M. Cooley School of Law and New York Law School filed suits Wednesday against 12 law schools around the country, claiming they inflated their graduate employment data. Additional lawsuits will be forthcoming, according to attorney David Anziska. "Our goal is that every few months we will file between 20 and 25 lawsuits," he said.
While the timing may have been a coincidence, Dallas-based McKool Smith announced the addition of two accomplished qui tam partners from Day Pitney the same day the federal government chose to celebrate the $30 billion that has been recovered as a result of whistleblower claims since 1986.
The SEC announced Monday that it is using the Sarbanes-Oxley Act to claw back $450,000 in compensation from the former CEO of Symmetry Medical, and $185,000 from its chief financial officer, and return the money to the company. What's notable is that neither of these individuals are accused of wrongdoing.
Lawyers for Western Digital are attempting to vacate a $630 million arbitration award against their client, arguing that the arbitrator "engaged in prejudicial misconduct" by levying what they call a record-setting award as a punitive sanction in Western Digital's trade secrets war with Seagate Technology.
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