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A Year After Losing Its Lawyer, Intrade Halts Its Business
Intrade, the once popular online trading exchange that was forced to shutter its U.S. unit last November, ceased operations this week amid an investigation into its business practices. The latest development comes a little more than a year after former Winston & Strawn partner Michael Philipp, who had been representing Intrade in the U.S. and is now a partner at Morgan, Lewis & Bockius in Chicago, dropped the company as a client, according to a complaint filed against the Dublin-based company by the CFTC.The Churn: Lateral Moves and Promotions in The Am Law 200
Skadden hires high-profile former federal prosecutor Patrick Fitzgerald; Hunton & Williams adds former Florida deputy attorney general as a litigation partner; and Mintz Levin snags the former head of Chadbourne & Parke's hedge fund group. The Churn is constant. Please send all announcements to [email protected].The Score: Dentons Partner Doubles as Fantasy Sports Pro
Like many lawyers, Glenn Colton is a baseball fan. But the Dentons white-collar and government investigations practice head has taken his love for America's national pastime to the next level, scoring his own fantasy baseball column and SiriusXM radio show. In June, Colton will be inducted into the Fantasy Sports Trade Association's Hall of Fame. Also: Covington advises the U.S. Open on a new $770 million TV deal with ESPN and Bracewell & Giuliani and Loeb & Loeb get involved in two high-profile memorabilia fights in our regular look at sports and the law.Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
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