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September 25, 2024 | The American Lawyer

Sullivan & Cromwell Didn't Ignore FTX Red Flags, Second Examiner Report Concludes

FTX Group's in-house counsel withheld information in communications with Sullivan & Cromwell that prevented the law firm from seeing red flags, the report stated.
4 minute read
September 24, 2024 | The American Lawyer

Senior Partners Approach $3,000 an Hour, As More Billing Rate Hikes Expected in 2025

About 16 Am Law 50 firms have third-year associates with rates over $1,000, but Valeo Partners project around half of the Am Law 50 to have rates of over $1,000 for this group of lawyers by 2025.
5 minute read
September 24, 2024 | New York Law Journal

Fraud Trial for Fintech Entrepreneur Is Pushed to 2025

U.S. District Judge Alvin Hellerstein granted Charlie Javice's request for an adjournment to allow her new lead defense counsel, Jose Baez and Ronald Sullivan, to prepare for trial.
2 minute read
September 24, 2024 | New York Law Journal

Court Annuls NYC's Foie Gras Ban In Support of State's Right-To-Farm Laws

A recent case, 'City of New York v. Ball,' highlights a clash between the powers of New York State and one of its political subdivisions, New York City.
9 minute read
September 23, 2024 | National Law Journal

As Election Nears, SEC Ramps Up Activity, More Big Law Firms Land Defense Work

Linklaters, Sullivan & Cromwell, Bracewell, Davis Polk, Milbank, among other firms, are advising financial firms, broker-dealers and companies wrapped up in SEC enforcement actions this month.
3 minute read
September 23, 2024 | National Law Journal

'$20 Billion in Damages': FTX Bankruptcy Estate and MDL Resolve Differences

"We're optimistic that in each of these cases, in FTX, in Voyager, we're going to be able to get people back their damages," said Adam Moskowitz, co-lead counsel in the FTX multidistrict litigation. "But that's looking backward. If you look forward, how will you deal with this situation?"
5 minute read
September 20, 2024 | Legaltech News

Legaltech Rundown: UC Law San Francisco's Justice Tech Accelerator, New Steno and UnitedLex Hires and More

An update on the legal tech market's past week, from product launches to new partnerships.
3 minute read
September 19, 2024 | Law.com

The Law Firm Disrupted: A Harsher Take on Litigation Funding

A former law firm CFO says firms should be committing 5% to 8% of their own revenue every year to fund their own cases.
4 minute read
September 18, 2024 | National Law Journal

SDNY Judge Dismisses Antitrust Class Action Alleging Global Bank Price-Fixing Conspiracy

"Here, the plaintiff has failed to allege any facts to show that the defendants engaged in parallel conduct that suggests the existence of a price-fixing conspiracy and each defendant's participation in that conspiracy," U.S. District Judge John G. Koeltl wrote in his memorandum opinion. "This kind of barebones group pleading of parallel conduct is insufficient."
2 minute read
September 17, 2024 | National Law Journal

Doug Emhoff Headlines Harris Fundraisers With Big Law Leaders

Leaders and partners from DLA Piper, Paul Weiss, Sidley Austin and Quinn Emanuel, among others, are expected to take part in upcoming fundraising for Harris.
3 minute read

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