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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

Former Latham Partner Gets 15 Months for Billing Fraud

Posted on June 29, 2009
Samuel Fishman was sentenced by federal district judge Victor Marrero to 15 months in prison, a $10,000 fine, and $350,000 in restitution, for engaging in billing expense deceptions over a 12-year period.

Live Blogging the Madoff Sentencing: The Hearing Wraps

Posted on June 29, 2009
Everyone seems to be in a state of shock about Judge Chin giving Madoff the maximum sentence allowable under the law. Once again, our veteran courthouse correspondent and colleague Mark Hamblett from the New York Law Journal was in court, and we'll be sure to point you towards his story later today.

Live Blogging the Madoff Sentencing: 150 Years for Madoff

Posted on June 29, 2009
Judge Denny Chin has sentenced Bernard L. Madoff to 150 years in prison. Chin gave Madoff the maximum of 20 years on several of the counts, which will be served consecutively. For a brief moment, the courtroom erupted with applause.

Breaking: SCOTUS Rules for Firefighters

Posted on June 29, 2009
The 5-4 decision overturns a one-paragraph decision issued by a panel of judges that included Sonia Sotomayor.

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Live Blogging the Madoff Sentencing: Madoff Speaks

Posted on June 29, 2009
"Your Honor, I cannot offer you can excuse for my behavior," Madoff says. "How do you excuse lying and deceiving thousands of investors. How do excuse lying and deceiving over 200 employees. How do you excuse lying and deceiving a wife of 50 years, who still stands by you...

Live Blogging the Madoff Sentencing: Madoff is "Flawed" but "a Human Being," Sorkin Says; Asks for 12 Years

Posted on June 29, 2009
Bernard Madoff is a "deeply flawed individual," says his attorney, Ira Lee Sorkin, but he's also "a human being," and doesn't deserve to be sent away for anything more than 12 years. Sets the stage for Madoff to speak.

Live Blogging the Madoff Sentencing: Madoff is a "Beast," says Final Victim to Speak

Posted on June 29, 2009
The victims statements conclude.

Live Blogging the Madoff Sentencing: Pleading With the Judge

Posted on June 29, 2009
A fourth victim pleads with Judge Chin to "not fail us." The fifth and sixth victims both have to compose themselves in the midst of their statements. The sixth victim lashes into Madoff for betraying fellow Jews.

Live Blogging the Madoff Sentencing: "May God Spare You No Mercy"

Posted on June 29, 2009
The victims continue to stand and speak, while Madoff sits quietly and looking straight at the table he's seated at in between his lawyers, Ira Lee Sorkin and Daniel Horwitz of Dickstein Shapiro.

Madoff Victims, Lawyer Lash Out at Government, Trustee

Posted on June 29, 2009
After a federal judge sentenced Bernard Madoff to 150 years in prison Monday, several Madoff victims and their lawyer gathered in Foley Square to protest the actions of the SEC, SIPC, and trustee Irving Picard of Baker & Hostetler.

Milbank, Gibson on $3.5 Billion Consultant Merger

Posted on June 29, 2009
In a rare public-private private merger of equals, Towers, Perrin, Foster & Crosby and Watson Wyatt Worldwide are joining forces to create what is believed to be the world's largest human resources consulting company.

$3.3 Billion Teppco-Enterprise Deal Creates Work for Special Committees

Posted on June 29, 2009
The complex nature of the deal means plenty of work for several law firms, including Andrews & Kurth, Baker & Hostetler, Latham & Watkins, and Baker Botts.

Linklaters Continues Its NYC Expansion

Posted on June 29, 2009
The firm that had about 35 lawyers in New York a half-decade ago has hired another big lateral as it continues its expansion in the Big Apple.

The King of Pop: Ben Brafman Remembers Michael Jackson

Posted on June 26, 2009
Arguably one of the most transcendent performers in the history of music, Michael Jackson had his share of legal troubles. One of Jackson?s many lawyers, noted New York criminal defense lawyer Benjamin Brafman, openly recalled his experience representing the King of Pop in an interview with CNN's Anderson Cooper.

Dealmaker of the Week: N. Lynn Hiestand of Skadden Arps

Posted on June 26, 2009
Talk about being busy. This week's Dealmaker has had a full plate in recent weeks, juggling work on GM's sale of its Saab unit (Hiestand was part of the team representing the Swedish buyers) and on Nortel's asset sale to Nokia Siemens (she led the team representing Nokia)...

The Bernie Kosar Chronicles: Fehr & Longing for Sports and the Law

Posted on June 26, 2009
A new lawyer takes over the MLBPA, Mike Vick's lawyer gets sacked, another quarterback goes bankrupt, and a Steptoe spouse scraps the law for the blogosphere. All this and much more in The Am Law Daily's regular look at sports and the law.

Once Again, White & Case Tops Bankruptcy Tables

Posted on June 26, 2009
The Daily Deal released its first quarter bankruptcy tables for 2009 earlier this week. If anyone's happy, it's White & Case's Tom Lauria.

Legal Jobs in Charlotte? DiscoverReady is Hiring

Posted on June 26, 2009
Anybody in Charlotte ready for some document review? E-discovery shop DiscoverReady is set to hire more than 100 contract lawyers in the Queen City.

THE CHURN: Lateral Moves and Promotions in The Am Law 200

Posted on June 26, 2009
Sonnenschein, K&L Gates pick up media lawyers, Jones Day and Venable snag antitrust partners, and Morgan Lewis adds three. Plus: moves to Anderson Kill, McGuireWoods, and more. The Churn is constant. Send your news to amlawdaily@incisivemedia.com.

Jenner Associate Fights For Prisoner, Media Rights

Posted on June 26, 2009
Did you know there is a small subset of federal prisoners that members of the media are not allowed to interview face-to-face or via video conference? Neither did we. Jenner & Block is fighting to change that rule on behalf of one death row inmate who really wants to talk...

Cuts, Cuts, Cuts

Posted on June 26, 2009
Wherein we bring you a round up of bad law firm news from around the globe.

DLA, Reacting to Economy and Client Requests, Moves Away from Lockstep

Posted on June 25, 2009
DLA Piper is revamping its entire associate program, reducing its associate class sizes, and shifting to more of a performance-based pay system, reports the The National Law Journal.

GM Update: Dissident Bondholders Not Backing Down

Posted on June 25, 2009
The General Motors bankruptcy case is flying through Judge Robert Gerber's courtroom in Lower Manhattan. But the Patton Boggs team backing a group of dissident GM bondholders isn't retracting its wish for an official committee in the case--or its general opposition to the plans to sell most of GM's assets into in new entity...

New IP Trial Strategy: $10,000 For That TiVo Bull!

Posted on June 25, 2009
The Recorder's Zusha Ellinson reports that buying a prize-winning bull probably didn't hurt TiVo's chances in winning a $73.9 million jury verdict over EchoStar Communications in a landmark patent case in East Texas.

AIG Deals Net Work for Five Am Law Firms

Posted on June 25, 2009
AIG is having a harder time than they may have anticipated selling off assets to repay massive government loans, but they are finding creative ways to shed debt--and that's good news for deal-starved firms.

Baker Botts Advises Rosneft on $15 Billion Chinese Loan-for-Oil Deal

Posted on June 25, 2009
China wants oil. Four firms advised on a $7.2 billion Chinese oil deal this week. Baker Botts subsequently announced that it's helped Russian oil giant Rosneft secure $15 billion in loans in an agreement with China Development Bank earlier this year.