Where are the Big Law CMOs?, Love Firms Warming to Cryptocurrency, Popular Law Blogger Sued: The Morning Minute
Here's the news you need to start your day.
November 06, 2019 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
ELP WANTED? More than a dozen Am Law 200 law firms are operating without chief marketing officers, Patrick Smith reports. At some of those firms, the jobs have remained open for as long as 18 months. Consultants say that six months is about the length of time it should take to fill the position, and long delays can bring marketing momentum to a standstill. Nixon Peabody just filled its CMO position that's been open since the beginning of the year with the hire of Danielle Wuschke Paige.
MONEY IS MONEY – Quinn Emanuel says it's now accepting bitcoin and other cryptocurrencies, joining a handful of major law firms that say they accept digital currency. As Samantha Stokes reports, Quinn Emanuel said it accepted its first cryptocurrency payment last week using BitPay, a Georgia-based bitcoin payment service. The firm is not divulging the client's name. Other big firms that say they're onboard are Perkins Coie, Steptoe & Johnson and Frost Brown Todd.
TAXING SITUATION – U.S. House lawyers, DOJ lawyers and Trump attorneys this morning head to D.C. federal court over a dispute involving Trump's tax returns. The House Ways and Means Committee wants the returns from the IRS and the Treasury Department, which have refused to provide them. Judge Trevor McFadden, a Trump appointee, will preside over the motion to dismiss filed by the IRS and the Treasury Department.
EDITOR'S PICKS
Attorney-Discipline Blogger Is Target of Defamation Suit
'Let's Motor Through, Chairman': How Big Law's Robert Luskin Guided Gordon Sondland
Association of Corporate Counsel Reveals New Board of Directors
Cannabis Compliance Tools Have an Audience—But Is It a Paying One?
WHILE YOU WERE SLEEPING
FEWER – Locke Lord's Hong Kong office managing partner has joined Holman Fenwick Willan as a corporate finance partner, as the lawyer count dwindles at the Texas firm's outpost. John Kang reports that the departure of Wing Cheung, whose practice focuses on capital markets transactions, is one of several at Locke Lord, which has been steadily losing partners in recent years. The firm now has eight lawyers based in its Hong Kong office, down from 19 in 2016.
WHAT YOU SAID
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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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