A U.S. bankruptcy court judge is threatening to sanction Latham & Watkins and one of its clients $10 million.
Last month, Eastern District [of California] Bankruptcy Judge Brett Dorian issued an order to show cause asking why he shouldn't sanction magazine publisher Entrepreneur Media Inc. and its lawyers for their conduct in a long-running battle stemming from a trademark dispute.
A hearing is set for next month.
A Latham spokesman would not comment on the order, only saying "our role is to work with the client and protect and serve their [sic] interest."
Although initially shocking, when you think about it, Lathan & Watkin's legions of glassy-eyed and exhausted associates probably bill a collective $10 million per minute, so its unlikely that the sanction will force any Latham partners to actually give up their trophy adultresses or second Porsches. Details here from The Recorder via Law.com.