October 31, 2009 12:05 PM

For SEC, Madoff Answers More Troubling Than Questions

The SEC's Inspector General released new exhibits on Friday from the agency's internal investigation into how it failed to uncover Bernard Madoff’s $65 billion Ponzi scheme. Among the disclosures: a jailhouse interview with Madoff in June.

10/31/09 Posted by Brian Baxter

October 30, 2009 7:38 PM

The Sports Litigation Archives: ABA v. NBA

A new book and a documentary series from ESPN.com's Bill Simmons touch on two landmark antitrust cases that shaped the futures of professional basketball and football in the U.S.

10/30/09 Posted by Brian Baxter

From Child Star to Law Professor

Getting into costume for Halloween is for amateurs. Charles Korsmo, a visiting professor at Brooklyn Law School and former Sullivan & Cromwell litigator, once had roles in major motion pictures like Dick Tracy, Hook, and Can't Hardly Wait.

10/30/09 Posted by Brian Baxter

The Nolan Ryan Chronicles: A Big Firm Look at Sports and the Law

Our very quick look at sports and the law examines an Am Law 200 lawyer ready for a new adventure.

10/30/09 Posted by Zach Lowe

It's Official: Fairey Lawyers Want Off Case

In a motion filed with the court on Thursday, lawyers representing artist Shepard Fairey in the copyright fight with the Associated Press over his "Obama Hope" poster asked that they be allowed to step aside so that Jones Day and a pair of law professors can take over the case.

10/30/09 Posted by Ed Shanahan

CIT Files for Bankruptcy Despite Icahn Loan

The commercial lender filed for Chapter 11 Sunday in the U.S. Bankruptcy Court in Manhattan, listing $71 billion in assets and $64.9 billion in debt. The filing ranks as one of the largest by a financial institution. A $1 billion loan from Carl Icahn will fund operations while CIT reorganizes as part of a prepackaged bankruptcy.

10/30/09 Posted by Zach Lowe

All Aboard: Cravath, Skadden Score Roles in Insider Trading Probe

As Galleon Group continues to take on water--the liquidation of the hedge fund firm is reported to be 90 percent complete--the government's investigation of billionaire Raj Rajaratnam and five codefendants continues to reveal new details about the individuals involved.

10/30/09 Posted by Brian Baxter

The Churn: Lateral Moves and Promotions in The Am Law 200

Eckert Seamans takes a practice group from Troutman Sanders, Edwards Angell Palmer & Dodge starts an antitrust group in London, and Ice Miller puts a sports law professor back in practice. Plus: moves to Baker & Danies, Foley Hoag, Fulbright & Jaworski, and Pryor Cashman. The Churn is constant. Send your news to amlawdaily@alm.com.

10/30/09 Posted by Matt Straquadine

LETTER FROM ASIA: McDermott's One-of-a-Kind Alliance

In 2007 McDermott Will & Emery announced a groundbreaking deal that created an allied Chinese law firm, MWE China Law Offices. So far, no one's following its example--but the firm insists the move is paying off. Part One of a special report on how two global firms with Chicago roots are following very different strategies in China.

10/30/09 Posted by Ed Shanahan

Court: Lawyers Aren't Creditors, ID Theft Law Doesn't Apply

The ruling is a major victory for law firms, who contended that FTC regulations designed to prevent identity theft would impose an unfair and unnecessary burden on them. 

10/30/09 Posted by Zach Lowe