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Martin Shkreli, former chief executive officer for Turing Pharmaceuticals AG, leaves Federal Court in Brooklyn, New York, U.S, on Thursday, July 14, 2016. Photographer: Victor J. Blue/Bloomberg

Prosecutor Calls Shkreli a Liar in Closing Arguments

Prosecutor Calls Shkreli a Liar in Closing Arguments

By Patricia Hurtado and Misyrlena Egkolfopoulou, Bloomberg News Martin Shkreli could only sit and listen as a federal prosecutor tore into him, calling him a liar who doubled down on his crimes when the going got tough. The flamboyant former pharmaceutical executive who’s maintained a high-profile social media presence is known more for hurling obnoxious

Snap Inc. signage is displayed on the exterior of the New York Stock Exchange (NYSE) during the company's initial public offering (IPO) in New York, U.S., on Thursday, March 2, 2017. Photographer: Michael Nagle/Bloomberg

Wake Up Call: Snap, Inc. General Counsel Departs

• The company behind Snapchat, Snap Inc., has lost its general counsel, Chris Handman, who said he wants to spend more time with his family, but will continue to advise the company. Before joining Snap in 2014, Handman was an appellate partner at Hogan Lovells, in Washington, D.C. Snap said its deputy general counsel, Dom Perella, will step

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Wake Up Call: Ivanka Trump Adds Abbe Lowell as Counsel

• Ivanka Trump added criminal defense lawyer Abbe Lowell to her legal team. Lowell leads the white-collar group at Norton Rose Fulbright in Washington, D.C., and also represents Kushner, Ivanka Trump’s husband. (National Law Journal) • In the latest sign of a booming U.S. market for investment in litigation, London-based Woodsford Litigation Funding said it launched its first U.S.

Mastercard Inc. credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Photographer: Andrew Harrer/Bloomberg

Wake Up Call: Mastercard Wins Dismissal of $18 Billion Class Action

• A London court shot down an $18 billion class action suit against Mastercard filed by Quinn Emanuel Urquhart & Sullivan on behalf of a group representing 46 million consumers. The suit would have been the largest of its kind since U.S.-style class actions were introduced in the U.K., but the ruling could dent the country’s appeal as a destination for

Marc Kasowitz, lawyer for U.S. President Donald Trump, stands in an elevator after speaking during a news conference. Photographer: Zach Gibson/Bloomberg

Wake Up Call: Kasowitz Partner Exits, Seeking ‘Warmth’

• DLA Piper said Thursday that it is acquiring about 60 lawyers in Los Angeles through a merger with the L.A.-based boutique, Liner LLP, planned for October. DLA Piper’s global co-chairman, Roger Meltzer, said the deal raises the firm to among the largest in Los Angeles. (BLB) • Amidst the brouhaha surrounding Kasowitz Benson Torres’ representation of Trump, the firm is

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Wake Up Call: White & Case Hit With Record Fine for Conflict

• A U.K. regulator tagged White & Case with a record 250,000 pounds fine ($326,000) for “reckless” conflict of interest and for failing to protect client confidentiality in a $2 billion court fight between rival Ukranian oligarchs. A disciplinary court ordered a White & Case partner in the case, David Goldberg, to pay a 50,000 pounds fine. (The Lawyer) • Jones Day,

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Wake Up Call: Dorsey & Whitney Elects First Woman Board Leader

• Dorsey & Whitney’s partners for the first time elected a woman to head the 11-person committee that serves as the 105-year-old, Minneapolis-based firm’s board of directors. Veteran tax lawyer Kim Severson was elected to a two-year term, replacing New York-based trial partner Richard Silberberg. (Am Law Daily) • Asian Americans lag behind all other racial groups when it comes to attaining

U.S. President Donald Trump waves to visitors while walking to board Marine One on the South Lawn of the White House in Washington, D.C., U.S., on Wednesday, July 12, 2017. Trump's credibility took a sharp blow after his son released emails that directly contradict months of assertions that investigations of possible campaign collusion with Russia were nothing more than a partisan witch hunt. Photographer: Andrew Harrer/Bloomberg

Wake Up Call: Trump Said to Hire Hogan Lovells Lawyer

• President Donald Trump is said to have hired longtime Hogan Lovells white collar partner Ty Cobb to bring some order into the White House’s so-far chaotic legal and media response to FBI and congressional investigations into Russian meddling in the 2016 campaign. (Bloomberg) Cobb, a relative of the legendary baseball player of the same name, joins Trump’s legal

Marc Kasowitz. Photographer: Zach Gibson/Bloomberg

Wake Up Call: Kasowitz Apologizes After Angry Email Rant Leaks

• President Donald Trump’s personal attorney Marc Kasowitz apologized for an email in which he wrote to a critic, “watch your back bitch,” and “I already know where you live.” (Washington Post) The email followed calls for him to withdraw from Trump’s legal team in the Russia probes, following reports alleging that he has a drinking problem,

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Wake Up Call: Linklaters Lawyer Tied to Insider Trading Case

•  Federal authorities in Boston arrested the husband of a New York Linklaters associate, accusing him of making $120,000 of illegal trades on information he got about two corporate mergers his wife helped handle at the firm. The arrested man, Fei Yan, is a Chinese researcher at the Massachusetts Institute of Technology. Linklaters said it has suspended the