Business & Practice

Wake Up Call: Alabama Abortion Law Could Cost School $21 Million and Name

May 31, 2019, 11:48 AM
  • The University of Alabama’s Hugh F. Culverhouse Jr. School of Law may have to give back over $21 million to its eponymous donor and drop his name from the school’s title, apparently because of a dispute triggered by the state’s new abortion law. The school denies that controversial law is the root of the dispute. (National Law Journal)
  • Square Inc., the San Francisco-based payment processing company, is fighting a bankruptcy attorney’s California suit against its ban on certain businesses, including bankruptcy services, from using its online payment processing. The National Association of Consumer Bankruptcy Attorneys has filed an amicus brief in support of plaintiff Robert White. Munger Tolles & Olson is representing Square. Internet companies, including Microsoft Corp., Amazon.com Inc. and PayPal Holdings Inc., say White’s position could limit how they market their services, and spur lawsuits. (BLAW)
  • The NFL Players Association paid Big Law firms more than $4.75 million in legal fees last year, and Winston & Strawn got more than two-thirds of that. (BLAW via BLB)
  • Facebook Inc. was ordered by a Delaware Chancery Court judge to turn over to investors records that could shed light on what founder Mark Zuckerberg and other top brass knew, and when they knew it, about the privacy scandals rocking the company. Facebook is getting advice from Gibson Dunn & Crutcher and others in the case. (BLAW)
  • Cloud-based bank Grasshopper Bancorp, Inc. said it’s ready to open for business after completing a $116.2 million private placement offering and getting regulatory approvals. The bank was advised by Kilpatrick Townsend & Stockton. Squire Patton Boggs advised investment banking firm Keefe, Bruyette & Woods, which served as lead placement agent for the bank’s capital raising, which netted a combined $131 million, a possible record for a U.S.-based startup bank. (PR Newswire) (WSJ)
  • DLA Piper was hit by cyber criminals spoofing its domain name to send phony emails in the name of two of its London-based lawyers. (American Lawyer International)
  • Willkie Farr & Gallagher advised private equity company Insight Partners on its $780 million acquisition of threat intelligence supplier Recorded Future. That Massachusetts-headquartered company, whose 400 customers include GlaxoSmithKline, Morgan Stanley, The Gap and Verizon, was advised by Foley Hoag. (Willkie.com) (TechCrunch.com)
  • The legal profession is still a long way from solving its #MeToo problems, panelists said at a recent ABA conference. (BLAW)

Lawyers, Law Firms, Deals

  • King & Spalding’s $30 billion in M&A deals in 2018 was a fraction of the approximately $200 billion totals posted by M&A giants including Wachtell Lipton Rosen & Katz, Simpson Thacher & Bartlett, and Kirkland & Ellis. But the Atlanta-based King & Spalding got a big boost from its recent work on Total System Services Inc. in its $21.5 billion merger with Global Payments Inc. (BN via BLB)
  • A Hogan Lovells senior associate was injured in a knife attack and robbery near her Washington, D.C., home Tuesday night. (National Law Journal)
  • Offshore firm Appleby advised JPMorgan Chase Bank, N.A. on the Jersey law aspects of a new $1.25 billion asset-based revolving credit facility to the Adient Group, an automotive seat maker. (ApplebyGlobal.com)
  • Locke Lord said firm Chair Emeritus Jerry Clements was named chair of the Baylor University Board of Regents, effective June 1, and will be the first woman to serve in that role. (LockeLord.com)

Laterals, Moves, Promotions

  • Cozen O’Connor expanded its institutional response group by adding three investigative attorneys as counsel in Philadelphia, including government enforcement and internal investigations Adam M. Shapiro, who was previously at Sullivan & Cromwell in New York. Helen Park joins from the Philadelphia District Attorney’s office, where she served as assistant chief of the Juvenile Court Unit. Peter C. Lim, also a veteran Philadelphia prosecutor, joins from the University of Pennsylvania, where he was a sexual violence investigator. (Cozen.com)
  • Barnes & Thornburg added former California federal prosecutors Eric J. Beste and Charles “Chuck” G. La Bella in its San Diego office, in its litigation department and white collar investigations practice. Beste joins as a partner, while La Bella, who was most recently at a California boutique firm, joins as of counsel. (BTLaw.com)
  • Dykema rehired corporate finance lawyer Lauren E. Quigley as a senior counsel in Chicago. Quigley, who was an associate at Dykema in 2013-2014, arrives from Buckley Sandler. (Dykema)
  • Kaufman Dolowich & Voluck expanded its real estate practice with four lawyers in the San Francisco area, including two partners: litigator A. Jeanne Grove, who will work mostly from the firm’s new Sonoma office, and litigator Ashley Klein, based in its San Francisco office. (KDVLaw.com)
  • Virginia software company Dovel Technologies hired in-house M&A specialist Jon Brooks as its chief legal officer and vice president of corporate development. Brooks most recently was deputy general counsel and vice president of M&A for Engility Holdings Inc., also based in Virginia. Corporate Counsel)
  • ClearData, a health care cloud company based in San Francisco, hired former Shutterfly in-house lawyer Thomas McKeever as its GC and chief legal officer. McKeever has had previous in-house roles at tech companies including Sun Microsystems Inc., OpenSpend and Accela. (Corporate Counsel)

Legal Actions, Bankruptcies, Decisions

  • Finisar Corp. beat a proposed securities class action filed by the Oklahoma Firefighters Pension & Retirement System alleging the optical communication products supplier made statements that artificially inflated the price of its stock. Finisar was advised by lead counsel DLA Piper, plus Morrison & Foerster and McDermott Will & Emery, according to the ruling text. (BLAW)

Regulators and Enforcement

  • Florida’s top banking regulator Ronald Rubin is being asked to resign by the state official who placed him on administrative leave earlier this month due to sexual harassment allegations. (BLAW)


  • Morrison & Foerster is holding a June 6 webinar looking at the EU’s General Data Protection Regulation, in particular, how it combines with other EU rules that address cookies and similar tracking technologies. (MoFo.com)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Molly Ward at mward@bloomberglaw.com

To read more articles log in.