* Pfizer has supposedly put two of its corporate jets up for sale. Asking price for the pair: $64,750,000. Maybe CEO Jeff Kindler, who is also the company’s former GC and a former Williams & Connolly partner, needed the extra cash to pay the big Cadwalader bills the company runs up. (Actually, Pfizer just raised $10 billion in Euro-denominated notes, but we don’t know who the counsel was on that. Anyone?)
* We love happy endings to insider-trading stories. Come on, who didn’t shed a tear when Bud walked back into the Blue Sky hangar? Anyway, we’re pleased to report that Nina Devlin, star of Insider’s Tip #1 for Wannabe Insider Traders (watch out for the watch list), has landed on her feet. Nina’s hubby Matt was taking information she got through her job as a flack and sharing it with friends, including a former Paul Hastings tax lawyer. The “Golden Goose” as classy Matt and his friends called her, is now working at PR giant Edelman. Nina was never charged with anything. Matt, Eric Holzer (the PH lawyer), and some of the other traders have pled guilty. [HT: SAI]
* The SEC finally got around to charging senior Countrywide executives. Former CEO Angelo Mozilo, former COO and president David Sambol, and former CFO Eric Sieracki are charged with “deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company’s market share.” Mozilo is also facing insider-trading charges. He obviously failed to heed Insider’s Tip #2 for Wannabe Insider Traders (don’t trade on your own deals).
* Clifford Chance may have lost its seat atop the revenue rankings. A 5% drop to $2.04 billion may put it behind Skadden and Baker & McKenzie.
* WilmerHale’s recent pronouncements on its non-layoff layoffs are exactly the kind of doublespeak we’ve been railing against re: trying to do stealth layoffs in a decimated market.
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