Trump Business, Viable Vereins, Porter's Style: The Morning Minute
Here's the news you need to start your day.
March 19, 2019 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
CHALLENGING - The U.S. Court of Appeals for the Fourth Circuit today is set to hear a major challenge arguing that President Trump's business activities violate the Constitution's foreign and domestic emoluments clauses, which provide a check against conflicts of interest involving the president. Loren AliKhan, the D.C. solicitor general who argues the president has violated the Constitution, will face off against the DOJ's Hashim Mooppan, a leading appellate lawyer who joined the Trump administration from Jones Day.
AFTERMATH - “Our intention is to stick together,” says Bill Martin, partner at Peterson Bernard, the Florida law firm that lost four partners in a plane crash on March 8. Dylan Jackson reports that Martin is in charge of leading the litigation firm into its new, uncertain future. The firm now has 10 partners, including Martin, and 16 total attorneys. “Am I putting my best face on? Sure,” Martin said.
GOOD YEAR - The five law firms in the Am Law 100 structured as Swiss vereins all increased their revenues in 2018, while also boosting their profitability. Dan Packel reports that the firms—Baker McKenzie; Squire Patton Boggs; Hogan Lovells; DLA Piper; and Norton Rose Fulbright were clustered around the 6.4 percent industry average in revenue growth for 2018 calculated by Citi Private Bank Law Firm Group.
EDITOR'S PICKS
Quinn Emanuel Pushes Back Against Uber's Disqualification Bid in Sidecar Case
SEC Allowed to Pursue Fraud Claims Against Rio Tinto, Former Executives
Manatt Sues Brown Rudnick Over Ex-Partner's Contingency Win
Legal Departments Unprepared for New Oil Pollution Act Guidelines, Maritime Expert Says
WHILE YOU WERE SLEEPING
TRENDING DOWN - Political uncertainty and a glut of lawyers are squeezing the profit margins of global law firms in Central and Eastern Europe. Rowan Bennett reports that in the last year, Weil Gotshal has closed its offices in Budapest and Prague and placed the future of its Warsaw operation under review, while Squire Patton Boggs has pulled out of Budapest. Many international firms bulked up practices there starting in the 1990s.
WHAT YOU SAID
“The conservatives, the liberal feminists, the environmentalists had nothing in common. But if you talk to people on terms they can understand, they respond.”
— MIGUEL DE GRANDY, PARTNER AT HOLLAND & KNIGHT IN MIAMI, WHO IN 1993 CHAMPIONED A BILL IN FLORIDA DECRIMINALIZED BREASTFEEDING IN PUBLIC.
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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