Editor's Picks

Dewey & LeBoeuf: Connecting More Dots

By Steven J. Harper |

If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come.

Rupert Murdoch

21st Century Fox Sells German, Italian Units for $9 Billion

By Wenxiong Zhang |

A slew of Am Law and Magic Circle firms advised as 21st Century Fox agreed to offload its pay-television assets in Italy and Germany to British Sky Broadcasting Group in a deal that would provide cash to reignite media mogul Rupert Murdoch’s takeover bid for Time Warner.

Ex-Jefferies Trader Sentenced to Two Years in Prison

By Isobel Markham |

Jesse Litvak will also pay a $1.75 million fine for his conviction on charges that include securities fraud, making false statements, and TARP-related fraud.

SEC Narrowly Adopts Money Market Fund Reforms

By Isobel Markham |

Measure would require prime institutional funds to float their share value.

Cost Recovery Bedevils Law Librarians, Survey Finds

By Alan Cohen |

Firms may soon be forced to throw in the towel on recouping online research costs, our annual librarians survey suggests.

An aerial view of downtown Tel Aviv, Israel.

Under Israel's Iron Dome, Another Law Firm Merger

By Brian Baxter |

Not even Israel is immune to market consolidation for legal services. This week Shibolet & Co., one of the country's largest law firms, picked up a seven-lawyer technology boutique in Tel Aviv as rockets rained down from Gaza on the nation's high-tech hub.

Am Law Firms Lead on Breitburn Energy Deal

By MP McQueen |

Breitburn turned to Latham & Watkins on its acquisition of QR Energy, which would create one of the largest master limited partnerships focused on oil exploration and production. Vinson & Elkins counseled QR Energy, while Bracewell & Giuliani represented the company’s board of directors conflicts committee. Gibson, Dunn & Crutcher served as counsel to Breitburn’s financial adviser UBS.

The Careerist: The 10 Law Schools with the Most Applicants

By Vivia Chen |

Find out which law schools are the most sought-after in the land.

Investor Relations Exec Settles Insider Trading Charges

By Isobel Markham |

The SEC accused Cameron Associates's Kevin McGrath of illegally trading on information gained from preparing client press releases.

Ex Evercore Banker Says Inside Trades Did Not Stem From Greed

By Jamille Sutton |

Former Evercore Group investment banker Frank Perkins Hixon Jr., who pleaded guilty to insider trading charges, on Monday requested a prison sentence of less than four years for his crimes, Bloomberg News reports.

Brady Dougan.

Credit Suisse CEO Says He's Confident in Dark Pools

By Isobel Markham |

CEO Brady Dougan also says his bank is working with regulators to stamp out potential abuses in the system.

Former CFTC Commissioner to Become ISDA's CEO

By Jamille Sutton |

Former commissioner of the Commodity Futures Trading Commission Scott O’Malia was appointed chief executive officer of the International Swaps and Derivative Association, the association announced Wednesday.

U.S. Representative James Lankford.

Oklahoma Congressman Seeks to Halt SEC Fiduciary Rule

By Isobel Markham |

Proposed regulation would hold brokers to the same strict standard as investment advisers.

Ex Qualcomm Exec Pleads Guilty to Insider Trading

By Jamille Sutton |

A former executive at Qualcomm Inc. pleaded guilty to insider trading and money-laundering charges, the U.S. Department of Justice announced on Monday.

Richard Levy

Jenner & Block Wields RICO to Reach Landlord Settlement

By Vinayak Balasubramanian |

Jenner & Block took 
a law designed to combat the mob and turned it against New York landlord Pinnacle Group. As a result, as many as 22,000 tenants now have access to a streamlined claims process that lets them seek reimbursement from Pinnacle for alleged rent overcharges, harassment and interference in tenancy rights.

Traders Exit Barclays' Dark Pool in Wake of Lawsuit

By Isobel Markham |

Trading volume in Barclays' LX has nosedived after New York AG Eric Schneiderman accused the private trading venue of misleading customers.

SEC Appoints New Head of Risk Analysis Division

By Isobel Markham |

The agency announced that Mark Flannery, a University of Florida economist, will lead its Division of Economic and Risk Analysis.

The Careerist: Women and Minorities Who Push Diversity Get Negative Reviews

By Vivia Chen |

A recent study finds that women and minorities get ahead when they keep their mouths shut.

Advocates Ask SEC to Clarify Whistleblower Protections

By Isobel Markham |

Law firm Labaton Sucharow joins nonprofits in raising concerns that companies are using employment and severance agreements to rein in whistleblowers.

John Edwards.

John Edwards Appears in Front of Jury Again—as Counsel

By Susan Beck |

Six years after the former U.S. senator from North Carolina destroyed his once-promising political career, Edwards is back in the courtroom as a trial lawyer, having reactivated his law license. He discusses his return to legal practice with staff writer Susan Beck.

Decision in $114 Billion Yukos Case to Be Announced Monday

By Jan Wolfe |

The potentially record-shattering arbitration award will be unveiled in London by former Yukos shareholders and their longtime counsel at Shearman & Sterling.

Commissioner O’Malia Leaves CFTC for Derivatives Group

By Isobel Markham |

O’Malia used his position at the federal agency to criticize some of its attempts to rein in the $700 trillion global swaps market. He's going to a lobbying group for the financial industry.

Valeant Complains to Regulators About Allergan

By Jamille Sutton |

In its effort to ward off a $53 billion hostile takeover, Allergan Inc. allegedly made false and misleading statements about Valeant Pharmaceuticals International Inc.’s business over the past few months, Valeant reported to the Securities and Exchange Commission and regulators in Canada.

Newell Rubbermaid to Purchase Reusable Water Bottle Company

By Jamille Sutton |

Newell Rubbermaid agreed to buy Chicago-based Ignite Holdings LLC, which produces reusable water bottles and travel mugs, from private equity firm North Castle Partners, the company announced on Monday.

Hedge Fund Pushes for EMC Split

By Jamille Sutton |

Hedge fund Elliot Management Corporation has taken a $1 billion stake in EMC Corp. and is now pushing the computer storage company to spin off software maker VMware, people familiar with the matter told The Wall Street Journal.

International IP Attorney Killed in Malaysia Airline Crash

By Valori Corral-Nava |

Dutch firm NautaDutilh is mourning the loss of John Allen, a well-regarded patent attorney who had been with the firm for 18 years. Allen, his wife and three sons were among the 298 people killed aboard Malaysia Airlines Flight 17, which was struck down by a missile over war-torn Ukraine last week.

The Churn

The Churn: A Dechert Partner Decamps, Plus More Lateral Moves

By Brian Baxter |

A high-powered litigator leaves Dechert, more departures from Bingham McCutchen and a rare outside hire by Wachtell Lipton in our latest look at lateral moves from throughout The Am Law 200.

Spencer Barasch, the SEC's assistant enforcement director in Fort Worth, during the federal government's Enron-related trial of accounting giant Arthur Andersen in 2002.

Spencer Barasch Poised to Leave Andrews Kurth

By Brian Baxter |

The longtime head of Andrews Kurth's corporate governance and securities practice is preparing to leave the firm just weeks after it settled a malpractice case seeking $50 million in damages over its representation of an affiliate of convicted Ponzi schemer R. Allen Stanford.

Am Law Trio Advises on CIT's $3.4 Billion Buy of OneWest

By MP McQueen |

Wachtell Lipton, Rosen & Katz; Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell took the lead on CIT Group's acquisition of OneWest Bank's parent, IMB Holdco LLC, moving the commercial lender into consumer banking.

Ex-Santander Exec Settles Insider Trading Case

By Isobel Markham |

At issue was information involving the proposed takeover of Potash Corporation of Saskatchewan Inc. by BHP Billiton Ltd. Cedric Cañas Maillard agreed to pay $1.9 million to settle the suit.