It’s turning into a due-diligence theme week, here at Law Shucks. First we had Fairfield Greenwich claiming its principals so believed in the fund’s due diligence, that they co-invested in the disastrous Madoff ponzi scheme. Yesterday, it was Harbinger Capital claiming that what appeared to be insider trading was actually the result of its phenomenal [...]
Search Results for: insider trading
Diligence So Good It Looks like Insider Trading?
What should have been a simple merger has turned into a complex fiasco with BigLaw lined up on both sides.
But it also raises important questions – was insider trading something untoward involved, or was it just astute pattern recognition? If you’re at all like us, you’ll find it amusing to compare and contrast that with [...]
– January 13, 2010
Our First Year Part 1 – December 08
It’s been a busy first year here at Law Shucks. Right from the beginning, our plan was to report on stories of interest to the population of big-firm lawyers and alumni.
We started out covering general legal news, but realized pretty quickly that a trend was brewing: layoffs. Above the Law, the WSJ Law Blog, and [...]
– January 5, 2010
The Month in Layoffs – November 09
Perhaps October was the anomaly, as November’s layoffs were the second fewest in 2009.
We thought that might be the result of firms’ reticence to lay people off around the holidays, but there was no such reluctance this time last year, layoffs were way down compared to November 2008 as well.
The details, after the jump.
– December 3, 2009
Quick Shucks – 11/16/09
Interview with Vice Chancellor J. Travis Laster of the Delaware Court of Chancery : Delaware Corporate and Commercial Litigation Blog – Meet Delaware's newest chancellor
Ashurst lawyer mocked for daft article – How fortunate he was to find a Rolex Daytona in Bangkok! What are the odds?
WaPo: Greg Craig Out, Bob Bauer In [WSJ Law [...]
– November 16, 2009
Quick Shucks – 10/26/09
Home Alone, Naked Man Didn’t Draw Blinds, Faces Indecent Exposure Rap | ABA Journal – Law News Now – Hey! We've seen this one before, too. Except this one was on passive-aggressive notes = http://www.passiveaggressivenotes.com/2009/10/05/buy-curtains-please/
Teen Girls Probed in Lohan, Hilton, Bloom Burglary Cases in L.A. | ABA Journal – Law News Now [...]
– October 26, 2009
Tax Lawyer Avoids Jail on Insider Trading Charges
One insider trading story, two happy endings!
Lord knows, we’ve done our best to keep our readers out of these situations, but we’ll cut Eric Holzer (formerly of Paul Hastings) a break, since he was the impetus for Insider’s Tip #1 for Wannabe Insider Traders. We hadn’t started dishing out the advice when he was busted. [...]
– October 1, 2009
Top Posts for September 09
Below are our top posts for September. As usual, we don’t include our regular features like This Week in Layoffs and The Month in Layoffs in the Top 10 posts for the month. A number of posts from the Laid Off Diary would also make the ranking, but we exclude that too. Go to its dedicated page [...]
– October 1, 2009
This Week in Layoffs – 9/25/09
We draft this column by starting with the relevant articles from the past week in the legal sector, then tying in the broader economic data. We were quite happy to see that the law-firm layoff numbers this week were good – perfect, in fact – a week without layoffs for just the second time this [...]
– September 25, 2009
Insider Trader Caught Quickly
Well that didn’t take long. Remember Insider’s Tip #6 for Wannabe Insider Traders?
We’re happy to report that it was neither a lawyer (it was an all-Texas affair, Baker Botts for seller, Vinson & Elkins for buyer) nor a banker who blew up the options market in Perot Systems just prior to the announcement the company [...]
– September 25, 2009
Insider’s Tip #6 for Wannabe Insider Traders
Just yesterday we were mocking Melissa Mahler for being one of the most inept insider traders of all time. The former Nixon Peabody lawyer not only broke all the rules, but she only made $5,800 for her misguided efforts.
Serendipitously, the M&A Law Prof Blog tipped us off to a Bloomberg piece that inspired us [...]
– September 24, 2009
Nixon Peabody Lawyer Ignores All Our Insider-Trading Advice
Our fondness for the movie Wall Street is well known by now (even if they are going ahead with Shia @#(*@#$ LeBoeuf!!!). Gordon Gecko’s understanding of the power of information and the lengths he went to to get it are fascinating.
We’ve even tried to help out those bent on engaging in the activity with our series [...]
– September 23, 2009
Reading List for Deal Lawyers
John Quinn got the Wall Street Journal to publish his Reading List for Trial Lawyers last weekend.
Inspired, we’ve put together a reading list for deal lawyers.
See our five recommendations, after the jump (including two written by former Cravath lawyers).
– August 24, 2009
Merck Drops Cravath for Williams & Connolly
It’s not just corporate lawyers who get benched in the middle of a matter.
In fact, it probably happens more frequently on the litigation side and, to be perfectly honest, switching to a different appellate team isn’t too uncommon.
Dropping Cravath at any time, though, is uncommon.
A rare lateral hire got the work, and the surprising re-hire [...]
– August 11, 2009
Insider’s Tip #5 for Wannabe Insider Traders
We already spread the good news about Mark Cuban’s avoiding liability for selling stock when he had information he had agreed to keep confidential (but hadn’t agreed not to trade on).
Turns out that excitement is short-lived. We already knew this was a marginal case based on the unique facts. Now we know there are cases [...]
– July 30, 2009
Insider’s Tip #4 for Wannabe Insider Traders
From time to time, we’ve provided tips on insider trading for those who are so inclined.
Previously, the advice has all come at the expense of those who learned the hard way of how not to do things.
For the first time, we’ve got a tip from a celebrity who got away with it!
– July 23, 2009
Quick Shucks – 7/15/09
* We were excited to see the heavyweight tagteam battle of Cravath and Wachtell against the DOJ and IRS in the UBS tax evasion case, but both sides agreed on the morning of trial to stay it until August. The 52,000 Americans the IRS wants to investigate for using UBS tax shelters can sleep easier [...]
– July 15, 2009
Quick Shucks – 6/5/09
* 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 [...]
– June 5, 2009
“Wall Street” Sequel Gets Green Light
Oliver Stone and Michael Douglas have just signed up to direct and star in, respectively, a sequel to one of the greatest movies of all time. They’re reprising their collaboration in a sequel to the 1987 tour-de-force (at least to those of us fascinated by insider trading).
I read the announcement in Variety with excitement and [...]
– May 1, 2009
Insider’s Tip #3 for Wannabe Insider Traders
We thought Insider’s Tip #2 was clear enough: don’t trade on your own deals. Apparently not.
We all enjoyed laughing at the ineptitude of sandwich thief Troy Ellis – the lawyer who was censured by the Supreme Court of Kansas after being caught repeatedly stealing lunch from his company’s cafeteria.
As we previously reported, he eventually ended [...]
– April 30, 2009
SEC Lawyer Busted
Kevin Edmundson has been in the news quite a bit lately.
Unfortunately, the biggest, latest splash for the associate director of the SEC’s Fort Worth regional office is his arrest for assault on a public servant, following some late night jaywalking.
Prior to Saturday night, though, Edmundson had been having a hell of a year. A reminder [...]
– April 23, 2009
Insider’s Tip #2 for Wannabe Insider Traders
Wow. Can’t believe I have to write this. When we posted Tip #1: watch out for the watch list, we thought the most-basic tip was obvious.
For crying out loud don’t trade on your own deals. Couldn’t decide if that should be Tip #0 or Tip #1, but decided to just keep it going in chronological [...]
– January 16, 2009
We’re Sorry for Missing the Playmate in the Story
We were too focused on the BigLaw angle in the recent post about the Paul Hastings tax lawyer caught up in insider trading.
We missed the Playboy Playmate.
It won’t happen again.
Maria Checa, Playboy’s Miss August of 1994, was one of the “relief defendants” in the case. She is identified as a 38-year old model/actress currently resident [...]
– December 23, 2008
Insider’s Tip #1 for Wannabe Insider Traders
We’ve seen this tale too many times. BigLaw attorney gets tip, trades on it, gets busted. Or he tells his friends, his father, his dentist, whatever.
This time around, we have Eric Holzer (Brooklyn Law, indeterminate year, but he was admitted in 2003 and is currently delinquent), a 34-year old, currently suspended tax associate from Paul [...]
– December 22, 2008
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