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Sullivan & Cromwell’s M&A Hotline is RingingApril 4 (Bloomberg Law) — Despite the number of global mergers-and-acquisition deals being down year over year for the first quarter, Sullivan & Cromwell expects deal work to increase this year because the phone is ringing more often at its New York office, partner Frank Aquila tells Bloomberg Law’s Lee Pacchia. “A year ago, very [...]
April 4, 2013 -
Bill on Bankruptcy: Stockton May Win the Battle, Lose the WarApril 2 (Bloomberg Law) — Although Stockton, California established the right to be in a Chapter 9 municipal bankruptcy, the judge warned the city that victory may be short-lived if bondholders prove that pensioners must take a haircut along with other unsecured creditors. The second item on the new Bloomberg bankruptcy video with Bloomberg Law’s [...]
April 3, 2013 -
Stealth Lawyer: Lenore Rice, Terra Cotta ImporterApril 3 (Bloomberg) — Lenore Rice, co-founder of Seibert & Rice, talks with Bloomberg Law’s Spencer Mazyck about her transition from practicing law at Shearman & Sterling LLP to becoming the leading American importer of handmade terra cotta planters and urns from Impruneta, Italy. (Source: Bloomberg)
April 3, 2013 -
Serving Legal Documents Through Social MediaApril 1 (Bloomberg Law) — Social media has changed how we communicate; will it change how we litigate? At least one lone star state politician thinks plaintiffs should be allowed to complete service of process via Twitter or Facebook. State Representative Jeff Leach has introduced a bill that would allow Texas courts to approve substituted [...]
April 1, 2013 -
Northwestern Law Dean: Let Students “Vote With Their Feet”Mar. 28 (Bloomberg Law) — Northwestern Dean Daniel Rodriguez says he supports a proposal under consideration in New York that would allow students to take the bar exam after two years of law school without getting a degree. Some fellow deans have told him privately that the idea is putting “the economic model of our [...]
March 28, 2013 -
Buchheit: Cyprus Could Need a Second BailoutMar. 28 (Bloomberg Law) — The sovereign debt crisis in Cyprus marks the fifth European nation to need a bailout in recent memory, but this crisis is unique because European Union regulators are taking the unprecedented step of taxing bank deposits to finance part of the bailout for the nation’s banks. Lee Buchheit, sovereign debt [...]
March 28, 2013 -
Bill on Bankruptcy: Sigmund Freud, Marx Brothers, Bernie MadoffMarch 27 (Bloomberg) — There was no settlement afoot when U.S. District Judge Jed Rakoff put off a hearing on an effort by the trustee for Bernard L. Madoff Investment Securities LLC to block a $410 million settlement between New York Attorney General Eric Schneiderman and feeder fund manager J. Ezra Merkin. The judge was [...]
March 27, 2013 -
Stealth Lawyer: Lou Mongello, Disney Expert & HistorianMar. 27 (Bloomberg) — Lou Mongello, a Walt Disney World expert and historian, talks with Bloomberg Law’s Spencer Mazyck about his transition from practicing law to creating an online audio and video show dedicated to celebrating the magic of Walt Disney World. (Source: Bloomberg)
March 27, 2013 -
Jaffe Sees ‘A Lot’ of IPOs in 2013 ‘Pipeline’Mar. 26 (Bloomberg) — Marc Jaffe, co-chair of the Global Capital Markets Practice Group at Latham & Watkins LLP, talks with Bloomberg Law’s Spencer Mazyck about the global outlook for the 2013 IPO market. Jaffe, in this “Rainmakers” episode, also discusses the significance of last year’s U.S. initial public offerings for Linn Co LLC and [...]
March 26, 2013 -
Harlem Shake Song’s Copyright ProblemsMarch 25 (Bloomberg Law) — Because you’re watching this on the Internet you have undoubtedly seen Harlem Shake videos. And you’re likely sick of them. There are more than 60,000 of them, and they’ve been watched more than 200 million times. The song itself, by Brooklyn-based producer Baauer, has been purchased more than 1 million [...]
March 25, 2013 -
Viewer’s Guide to Gay Marriage Oral ArgumentsMar. 22 (Bloomberg Law) — Tom Goldstein, partner at Goldstein & Russell, PC and founder of SCOTUSblog, talks with Bloomberg Law’s Lee Pacchia about the two gay marriage cases being argued before the Supreme Court next week. On Tuesday, March 26, the Court will hear oral arguments on California’s Proposition 8 case, followed on Wednesday [...]
March 22, 2013 -
Bill on Bankruptcy: Why is Kodak’s Stock Soaring?March 20 (Bloomberg Law) — Although Eastman Kodak Co. stock shot up like a rocket in a week’s time, investors might not have the same profitable outcome like owners of American Airlines shares, as Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new video. Also, the Supreme Court heard [...]
March 20, 2013 -
Stealth Lawyer: Ryan Steinman, SoulCycle InstructorMar. 20 (Bloomberg) — Ryan Steinman, a SoulCycle instructor, talks with Bloomberg Law’s Spencer Mazyck about his transition from practicing law at O’Melveny & Myers LLP to leading fitness classes. SoulCycle LLC provides a full body workout with inspirational coaching and high-energy music. (Source: Bloomberg)
March 20, 2013 -
Smolinsky Sees Similarities Between Reader’s Digest, KodakMar. 19 (Bloomberg) — Joseph Smolinsky, business finance and restructuring partner at Weil, Gotshal & Manges LLP, talks with Bloomberg Law’s Spencer Mazyck about his representation of RDA Holding Co., publisher of Reader’s Digest magazine, in its second Chapter 11 filing in less than four years. The publisher listed assets and debt of more than [...]
March 19, 2013 -
Why Godzilla & James Bond Need Congress’ ProtectionMarch 18 (Bloomberg Law) — The Constitution lays it out. “To promote the progress of science and useful arts” we give creators an incentive; an opportunity to profit from their work for “limited times.” After that, the work enters the public domain. It’s the bargain we’ve made; the balance between the interests of the creator [...]
March 18, 2013 -
Weekly Brief: New Round of Layoffs Hit Law FirmsMarch 14 (Bloomberg Law) — Bloomberg Law’s Lee Pacchia runs through the legal news for the week. New Jersey-based Archer & Greiner PC is the latest law firm to announce layoffs of attorneys and staff. Also, counsel for alleged Aurora theater shooter James Holmes showed up late to their client’s arraignment and were unable to [...]
March 14, 2013 -
Consultant: BigLaw Growth is NOT Dead!March 14 (Bloomberg Law) — Despite the challenges facing law firms, professional services consultant John Grimley is optimistic on the prospects for law firm growth. “I’m bullish about the law because law firms in the future are going to adopt sophisticated business development systems,” he tells Bloomberg Law’s Lee Pacchia Grimley reasons that American law [...]
March 14, 2013 -
Ritholtz: Insurance Regulators Should Oversee DerivativesMarch 13 (Bloomberg Law) — Barry Ritholtz, CEO at Fusion IQ, and Tangent Capital Partners’ Bob Rice talk with Bloomberg Law’s Lee Pacchia about the current state of the derivatives market and a recent initiative by ISDA to write new standards for credit-default swaps. Ritholtz says that the multi-trillion dollar derivatives market remains largely unregulated [...]
March 13, 2013 -
Bill on Bankruptcy: How Purchasers of AMR Stock Made a KillingMarch 13 (Bloomberg Law) — Someone who bought stock in American Airlines last year already made a killing. Stock that could have been bought in November for less than 40 cents a share is now trading above $4, for reasons explained on the video with Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill [...]
March 13, 2013 -
Stealth Lawyer: Nicole Lanteri, Interior DesignerMar. 13 (Bloomberg) — Nicole Lanteri, an interior designer, talks with Bloomberg Law’s Spencer Mazyck about her transition from practicing law at Akin Gump Strauss Hauer & Feld LLP to creating a design company, On My Agenda. (Source: Bloomberg)
March 13, 2013