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Linda Grant Williams joins Dreier LLP
Law Firm News | 2007/12/10 16:43
Dreier LLP announced today that Linda
Grant Williams has joined the firm as a partner in the Corporate &
Securities Department. Prior to joining the firm, Ms. Grant was of counsel
to Greenberg Traurig LLP in New York, and was previously a partner at
Pillsbury Winthrop Shaw Pittman LLP.

"We are delighted and very fortunate to have Linda Grant Williams join
Dreier LLP," stated Marc S. Dreier, founder and managing partner of Dreier
LLP. "Her expertise in advising public-private partnerships complements our
current capabilities representing capital providers in the construction and
financing of major real estate holdings."

Ms. Grant Williams will continue her practice in representing banks,
pension funds and other capital providers in the construction and permanent
financing of hotels, shopping centers, office buildings, industrial
complexes, multifamily projects, cogeneration and other energy projects.
Some of her notable real estate and construction projects include the
financing of The Forum at Caesar's Palace, Two Rodeo Drive and One Colorado
Shopping Centers in Southern California and the Greenwich Office Park in
Greenwich, Connecticut.

"Joining Dreier LLP enables me to provide clients with the litigation
expertise, relationships and wide-ranging capabilities of a full service
law firm," Ms. Grant Williams stated. "I also share Marc Dreier's vision of
a cutting edge, entrepreneurial firm that applies creative thinking to
client issues."

Ms. Grant Williams was instrumental in structuring financings for the
Oakland Raiders, Golden State Warriors, and in the renovation of the Rose
Bowl in Pasadena, California. She was recognized by Sports Business Journal
as one of the country's leading sports executives and credited with the
creation of sports securitization, utilized at both the Pepsi Center in
Denver, Colorado and The Staples Center in Los Angeles, California. Most
recently, Ms. Grant Williams created a groundbreaking method for a more
cost effective method of financing U.S. airports, resulting in greater
bankruptcy protection for bondholders and dramatically lowering financing
costs for airlines. This patent-pending business method innovation has been
generally approved for use at the tri-state area airports by The Port
Authority of New York and New Jersey.

Ms. Grant Williams received a B.S. in Political Science with high
distinction from the University of Arizona in 1974 and a J.D., cum laude,
from Loyola Law School in 1979, where she was a member of the Loyola Law
Review and received the American Jurisprudence Constitutional Law Award.
Ms. Grant Williams is a member of the Bar of the States of New York and
California and was recently appointed to the Association of the Bar of the
City of New York Structured Finance Committee.

Background on Dreier LLP

Dreier LLP was founded in 1996 by Marc Dreier as a more responsive and
innovative alternative to traditional "large-firm" lawyering. Dreier LLP
represents a wide range of institutional, entrepreneurial and individual
clients in diverse sectors of financial, industrial and service-oriented
markets. The firm's principal practices are commercial litigation, real
estate, bankruptcy and corporate reorganization, employment, corporate and
securities, entertainment, intellectual property, matrimonial and tax.
Dreier LLP's Los Angeles affiliate, Dreier Stein & Kahan LLP, has its
principal practice in entertainment and commercial litigation and corporate
transactions. The firm's affiliate Schlesinger Gannon & Lazetera LLP has an
extensive practice in the area of trusts and estates law. Pitta & Dreier
LLP is an affiliate which specializes in labor law, and Pitta, Bishop, Del
Giorno & Dreier LLP specializes in government relations. In the 10 years
since its founding, Dreier LLP, with its affiliate members, has grown to
more than 200 attorneys, with its principal office at 499 Park Avenue in
Manhattan, and additional offices in Los Angeles; Santa Monica, California;
Albany, New York; and Stamford, Connecticut.


Bank Robber Blames Gambling and Loan Sharks
Court Feed News | 2007/12/07 18:13
Self-described gambling addict Scott A. Hasenjaeger was hedging his bets when he robbed a Marseilles bank in January -- he said in court this week he was partly hoping to get caught and partly hoping to get away.

Either way, a federal judge called in his marker Tuesday.

The 34-year-old Hasenjaeger was sentenced to one year and one day in prison. However, the former insurance agent and part-time post office letter carrier from Minooka will be able to spend the holidays with his wife and three small children -- he doesn't have to report to prison until January.

Wearing a ski mask, Hasenjaeger entered Twin Oaks Savings Bank in Marseilles Jan. 24 and pointed at tellers a BB handgun that resembled a semi-automatic pistol. He made off with about $35,277, some of which he dropped as he left the bank. State police arrested Hasenjaeger about 45 minutes later in Minooka with a portion of the loot. As part of his deal to plead guilty, he agreed to pay back the rest of the money.

In seeking mercy, Hasenjaeger told the judge he grew up the son of an "emotionally-detached alcoholic father," catching the betting bug around age 8, when he blew $100 on a cruise ship slot machine.

Picking up his story in college, Hasenjaeger said he was the leading scorer for the 1993-1994 Central Connecticut State University basketball squad. The night before the "biggest game of the season," Hasenjaeger said he used $3,000 in credit card money to gamble at a casino, which he built into $12,000, before losing it all. With empty pockets, he duped a cab driver into taking him back to campus, promising to pay the fare once there. However, after he was dropped off, he fled without paying and was arrested by campus police. He played miserably the next night and was booted from the team the next year.

After his failed college career, he was hired and rose to become a district manager with American General Finance in Minooka, but continued to lose thousands of dollars through gambling.

At the time of the bank robbery, Hasenjaeger said loan sharks were circling him, he was on the verge of losing his job, and his house -- mortgaged twice to get money to pay gambling debts -- was in foreclosure. He said he partly wanted to get caught, because then he figured he would be forced to quit gambling.

After his arrest, he declared bankruptcy and his family now is about to be evicted.

Hasenjaeger joined Gamblers Anonymous, and in 1995 and 2000 was hospitalized at Proctor Hospital in Peoria for what doctors termed a "severe gambling disorder." For brief periods after each hospitalization, Hasenjaeger said he refrained from wagering.

Hasenjaeger's court-appointed attorney, Robert G. Clarke, wrote of his client:

"Virtually all of his family, many of whom he has hurt quite severely, and some of his friends, some of whom have been betrayed by earlier promises of reformation, attest to his good will and his persuasive efforts to reform since his arrest."

In 1995, Hasenjaeger was convicted of criminal damage to property.

Until he reports to prison, Hasenjaeger is under electronic monitoring and has to remain home from 10 p.m. to 8 a.m. daily. He also is prohibited from gambling.


Kirkland & Ellis Host Literacy Event in D.C. Office
Law Firm News | 2007/12/07 17:44
Last night at Kirkland & Ellis’ D.C. office, law firms engaged in a battle of who knows the most about nothing much in the first annual Lawyers for Literacy Trivia Night. The event, which raised funds for the children’s literacy program Everybody Wins! D.C., pitted nine firms against each other for five rounds of general interest trivia, with a heavy emphasis on, appropriately enough, children’s literature.

The nine firms—Sonnenschein Nath & Rosenthal; Morrison & Foerster; Sidley Austin; Steptoe & Johnson; White & Case; Nordhaus Law Firm; Shook, Hardy & Bacon; Wilson Sonsini Goodrich & Rosati; and Kirkland & Ellis—donated $1,500 to the literacy program for each six-person team.

Mark Young, a partner with Kirkland who knows a fair bit about Winnie the Pooh, Monopoly, and Warren Harding, has been reading to children in the Everybody Wins! D.C. Power Lunch Program for 11 years. Twelve firms around town participate in the program, and he says reading to an elementary school child for an hour once a week is easy to fit into a lawyer’s hectic schedule. “People that have become lawyers have done an awful lot of reading, and they appreciate the value of reading as a skill,” says Young.

The trivia questions ranged from popular movies and music to history. For example, what did Scout dress up as for her school pageant in Harper Lee’s To Kill a Mockingbird? Answer, a ham. And what country has outlawed resurrecting the dead? Answer, Haiti.

Occasionally the crowd got a little rowdy, forcing quiz master, Neal Racioppo, to lay down the law, so to speak. “I just assumed you all were used to the judge being right,” said Racioppo, when one of the Steptoe teams objected to his answer.

Though White & Case had an early lead followed closely by Kirkland & Ellis’ appellate team, the fourth round was especially brutal, knocking out the frontrunners. The Shook Hardy team, called Nobody Puts Baby in a Corner, played a steady game and came in to win in the last round with 51 points.

The team, which scored an impressive looking trophy for their efforts, said their secret to winning was trusting their instincts. Christopher Appel, a staff attorney at the firm, described their strategy with a quote from “The Simpsons.” “God gave us the atom. It’s up to us to make it dance,” he said.

Racioppo enjoyed the crowd, but added that in the seven years he’s been quizzing folks around Washington he’s never seen a more competitive lot. “They weren’t all about finding the answer to the question,” said Racioppo. Instead, “they looked for the loopholes around the questions.”


NY Law Firm Subpoenaed Over Questionable Hiring
Law Firm News | 2007/12/07 17:39
As legislative leaders seek to award New York's thoroughbred racing franchise that's due to expire Dec. 31, a state committee has subpoenaed a firm that recently won a no-bid contract with the New York Racing Association, which holds the current franchise.

The law firm of Getnick & Getnick of Manhattan has been subpoenaed to testify before the state Commission of Investigation, Neil V. Getnick said Thursday, just as NYRA fights to keep the franchise it's held since 1955.

The subpoena apparently stems from a recent hearing by the state Senate's racing committee, in which the no-bid contract to Getnick & Getnick as integrity counsel was criticized. The contract is worth $125,000 a month.

Senators and NYRA's competitors have questioned the hiring of the law firm. The firm was appointed by a court in 2005 to oversee NYRA's finances and was instrumental in helping NYRA avoid a federal indictment for mismanagement.

"I regret that I was not afforded the opportunity to appear before the state Senate racing committee when it held its NYRA related hearing earlier this fall," Getnick said. "I would welcome the opportunity to testify before the state investigation commission. The facts are straightforward and should be heard by the public."

"We stand in full support of Neil and his firm," said Charles Hayward of NYRA. "We're thrilled to be associated with them."

Asked if he thought the subpoena was timed to hurt NYRA's chances at renewing its franchise, Hayward said: "I think the investigation is not fact based."

In 2005, Getnick & Getnick's report found that after years of mismanagement and corruption, NYRA had reformed itself enough to avoid a federal indictment and be in the running to retain its lucrative franchise. The U.S. Attorney's Office investigating NYRA then moved to dismiss the indictment against NYRA. Getnick & Getnick was paid more than $4 million for that study, funded by NYRA.

Now NYRA is competing against Empire Racing, Capital Play and Excelsior Racing Associates for what is expected to be a 30-year franchise to operate Aqueduct, Belmont and Saratoga race tracks.

Senate Majority Leader Joseph Bruno called for public negotiations with Gov. Eliot Spitzer and Assembly Speaker Sheldon Silver to form a consensus. The various options discussed in closed-door sessions include awarding the racing franchise to NYRA _ favored by Spitzer and supported initially by Silver. Bruno said he opposes Spitzer's plan, but is open to discussing various combinations that could include NYRA.

Under Spitzer's plan, a separate franchise would be awarded _ with NYRA's input _ to one of the gaming partners with the racing groups that would run video slot machines at Aqueduct and potentially at Belmont.

The Senate is scheduled to be in session next week to consider only racing, Bruno said. The Assembly will commit only if there is agreement by the leaders, spokesmen said.

The closed-door negotiations, however, have grown to include several other measures including a pay raise from lawmakers and state judges, a senior citizen tax break, and a $900 million capital budget that would be directed to projects back in lawmakers' districts as a kind of pork-barrel spending.


Who Should Hold Katrina Fees?
Law Firm News | 2007/12/07 17:27
A law firm fighting over legal fees with a prominent trial attorney recently charged with bribery wants a judge to take control of millions of dollars in settlement money from a Hurricane Katrina insurance case.

The motion filed Wednesday by the law firm of Jones, Funderburg, Sessums, Peterson & Lee said the indictment against Richard "Dickie" Scruggs "indicates that the Defendants are not proper persons to have control of any funds" at issue in the dispute.

Scruggs was indicted last week on federal charges of trying to bribe a judge to get a favorable ruling on a lawsuit filed by the Jones firm.

Scruggs and a group of his high-octane legal associates known as the Scruggs Katrina Group brokered a mass settlement with State Farm Insurance Cos. The Jones firm, which worked on the case, sued for a bigger cut of at least $26.5 million in legal fees; it rejected a check for $617,924 the Scruggs group sent it in March.

The Jones firm claims, among other things, breach of contract.

The indictment accuses Scruggs of conspiring to pay a judge $50,000 to rule in his favor on the Jones firm's lawsuit.

Four other people were charged, including Scruggs' son and law partner, Zach Scruggs. All pleaded not guilty, but on Tuesday one of the defendants, attorney Timothy Balducci, changed his plea to guilty on conspiracy to bribe a state court judge and is cooperating with prosecutors.

A message left after hours Thursday for Scruggs' attorney, Billy Quin, was not immediately returned.

The Jones firm's motion asks the Lafayette County Circuit Court to take control of all fees collected by the Scruggs Katrina Group, a consortium of lawyers that has represented thousands of Gulf Coast homeowners who sued over hurricane damages. It did not specify how much money is thought to have been collected by the group.

Scruggs, a brother-in-law of Sen. Trent Lott, R-Miss., has made millions from tobacco and asbestos litigation. He reportedly made $848 million for his part in brokering a multibillion-dollar settlement with tobacco companies in the mid-1990s. That case was portrayed in the 1999 movie "The Insider."


Bengal's Founder's Kids Lose 4 Year Battle
Court Feed News | 2007/12/06 18:18
Two children of one of the founders of the Cincinnati Bengals have lost their four-year court battle over his estate, which includes about 30 percent of the shares in a team that Forbes estimated is worth $912 million this year.

A Hamilton County Probate Court jury on Tuesday rejected their claims that Austin E. "Dutch" Knowlton's will was a forgery. They sued after Knowlton died in 2003, at age 93, and they discovered they were left out of his will, which was dated February 1996 and left the bulk of his estate to the Austin E. Knowlton Foundation.

Knowlton, who owned a construction company, founded the Bengals in 1967 with Paul Brown and other investors. Two of his three children, Peter Knowlton and P. Valerie Knowlton, challenged the will.

Peter Knowlton has since died, but his claim remains.


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