Wake Up Call: Flynn Said to Plan Fundraising for Legal Costs in Russia Probes

• Former National Security Adviser Michael Flynn is said to plan a fund to raise money to pay his legal bills from multiple investigations into possible Trump campaign ties to Russia, for which costs could range as high as $1 million if he needs a criminal defense. ( Bloomberg )

• A global cyber attack could do as much as $121.4 billion in damages in an extreme event, similar to economic losses caused by Hurricane Katrina in 2005, while insurance would only cover a portion of that, a new Lloyd’s of London report says. ( Bloomberg )

• As the nation’s largest owners of private student loans struggle to produce legal paperwork backing up their ownership claims to at least $5 billion in delinquent student loan debt, tens of thousands of people could see their debts wiped away. ( New York Times DealBook )

• David Horowitz, who spent the past 25 years working in the Department of Health and Human Services, most recently as deputy general counsel, has joined Hogan Lovells’ government regulatory practice group as a partner in its Washington, D.C., office. ( BLB )

• Sedgwick launched an “interdisciplincary” securities litigation group including members of the bankruptcy, business litigation, real estate litigation, and finance practices, led by Kendra S. Canape, who defends brokerage firms and clearing firms in class action and mass action litigation. And other recent partner hires, promotions and general counsel appointments from July 5 to 13. ( BLB )

Legal Business

• Seyfarth Shaw’s layoffs in May of about 40 associates and staff raised questions about the “lean strategy” the firm pioneered a dozen years ago, and about the broader legal project management movement. ( Am Law Daily )

• Hong Kong- and Singapore-based lawyers from Kirkland & Ellis and Morrison & Foerster are advising on an $11.6 billion offer by a consortium of Chinese institutional investors to take Singapore-based warehouse operator Global Logistic Properties Ltd. private. ( The Asian Lawyer )

• In-house teams are taking a more “hands-on approach” to eDiscovery, while at the same time focusing on efficiency and cost saving, says Twitter’s former senior manager of eDiscovery and litigation operations, Wendy Riggs. Legaltech News talked recently to Riggs, who after almost four years is moving to Long Beach, California-based law firm Keesal, Young & Logan to co-lead its compliance, operations and data control unit. ( Legaltech News )

Legal Market

• Golf gear maker Titleist is not amused over seller I Made Bogey’s hats and other items parodying iconic Titleist trademarks. Titleist filed suit alleging unfair competition, trademark infringement and dilution. ( Bloomberg )

• Airbnb filed a formal complaint to New York state’s ethics panel accusing a hotel industry-backed group, called “ShareBetter,” of failing to report lobbying activity. The coalition said it plans to return fire with its own ethics complaints. ( NY Daily News )

• Pete Rose’s defamation lawsuit against Trump lawyer John Dowd can proceed, a federal judge in Philadelphia has ruled. The MLB’s all-time hit leader is suing Dowd, a former Akin Gump partner, over his accusations in 2015 that Rose was guilty of “statuatory rape” as a player. Adding to the bad blood, Dowd led the 1989 MLB investigation that led to Rose getting banished for life from baseball, for betting on games while managing the Cincinatti Reds. ( Philly.com )

Regulators and Enforcement

• BNP Paribas SA agreed to pay $246 million to settle Federal Reserve allegations that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices. The Paris-based BNP is the latest in a line of banks fined in currency probes. ( Bloomberg ) Three former senior British currency traders voluntarily appeared in U.S. court to deny they conspired to rig the foreign-exchange market. WilmerHale is representing ex-Citigroup trader Rohan Ramchandani, and White & Case is representing former JPMorgan Chase chief currency dealer Richard Usher. ( Bloomberg )

• Qualcomm Inc. faces fines of 580,000 euros ($665,000) per day after losing a court bid to block a European Union order requiring it to supply information for an antitrust probe into the chip company’s sales tactics. ( Bloomberg )

The Trump Administration

• A New York federal judge ordered President Donald Trump to release logs showing who has visited his exclusive Mar-a-Lago club in Palm Beach since he took office, but he doesn’t have to do so until September. ( Vox.com )

Happening in SCOTUS and Other Courts

• A California federal appeals court dealt a setback to internet and telecom providers fighting FBI surveillance gag orders, ruling that the FBI doesn’t violate the First Amendment when it orders companies not to inform users that it has requested their personal data with a national security letter. ( Recorder )

• Google must hand over some employee salary data to the U.S. Department of Labor, which is investigating gender pay-discrimination allegations against the company, an administrative law judge ruled. The judge provisionally denied a regulator’s request for more data from the company. ( Courthouse News Service )

• At a judicial conference in San Franciso Monday, Trump’s man on the U.S. Supreme Court, Neil Gorsuch, sat beside a student who read her prize- winning essay winner comparing Trump’s controversial travel ban on travelers from six mostly Muslim countries to Japanese internment during World War II. ( Washington Post )

Laterals, Moves, Law Firm Work

• Holland & Knight picked up Jeffery B. Arnold, a veteran intellectual property lawyer with an engineering background, for its Atlanta office as a partner, hiring him from Cantor Colburn LLP. Arnold, who was a U.S. Army administrative law and trial attorney and later a Texaco chemical engineer, among other things advises generic pharmaceutical manufacturers in litigation, and provides analysis and evaluations on post-trial launches. ( Hklaw.com )

• Winston & Strawn said it expanded its private equity practice by hiring Weil, Gotshal & Manges associate Phil Ratner as a partner in the firm’s corporate department in New York City. Ratner, a 2007 graduate of Columbia Law School, advises private equity sponsors and portfolio companies, corporations, credit funds, and investment banks on complex finance transactions. ( Winston.com )

• Stroock & Stroock & Lavan IP partners Joseph Diamante and Charles Cantine jumped to King & Spalding to help it expand its IP litigation practice. The partner exits are the latest of several for Stroock this year. ( New York Law Journal )

• Shearman & Sterling is losing a London- and Brussels-based competition law attorney who has represented Microsoft in the European Commission’s Android investigation, and other major tech companies. A former U.K. government antitrust attorney, Collette Rawnsley was counsel at Shearman and is moving to help launch an antitrust practice at London-based Wiggin, an innovative firm known for combining legal and non-legal business services. ( Am Law Daily )

• Gibson Dunn & Crutcher raided Ashurst for a fifth partner in Europe this year, this time getting finance partner Sebastian Schoon in Munich after snatching a four-partner Paris team in June. ( The Lawyer )

Technology

• A “super high-tech” security patrol robot plunged into the fountain of a Washington, D.C., office complex, setting off a tweet storm of amused comments. ( The Verge )

• Germany is wrestling over the future of diesel-driven vehicles, with proposals for driving bans in some cities to reduce air pollution clashing with an industry that employs scores of workers. ( Bloomberg )

• AT&T, Comcast and Verizon have set out their support for the Trump administration’s plan to gut Obama-era net neutrality rules, a move that could make it possible for operators to charge some companies for “fast-lanes” to deliver their web content or services. ( Recode )

• At a recent conference, Tesla CEO Elon Musk called artificial intellegence a major risk to civilization and urged governors to regulate it before it’s too late. ( MIT Technology Review )

• An ACLU official and other legal experts questioned why two Minneapolis police officers did not have their body cameras turned on when they responded to an Australian woman’s 911 call or turn them on after one of the officers shot and killed the woman. ( NBC News )

Compiled by Rick Mitchell and edited by Casey Sullivan.

CORRECTED: This post has been updated to correct the spelling of Titleist and to remove the use of vulgar language in the 11th Wake Up Call item.