Actions by the Managing Partners of Jones Day Portray a "Demise Wish"

Stephen J. Brogan is quite an interesting fellow and may soon earn himself his own page on BankruptcyMisconduct.

But for now at least, we are solely focussing on what appears to be a certain self destructive recklessness on the part of Jones Day, et al. as can be seen by a close look at certain management actions. We've only got a few points so far, so it's likely too early to start a "Viability Analysis" page on Jones Day. To be sure, there is a touch of Deja Vu calling to mind the short term focus of Dewey LeBoeuf. But we'll keep watching the firm, and as always your confidential hints are always appreciated. We'll let you know if the firm's situation becomes more interesting.

Brogan Stupidity Insight:

Yeah, BankruptcyMIsconduct was immediately doubtful of the legitimacy and ethical propriety of Jones Day vis a vis their attempts to represent Detroit under their presumption that they aren't conflicted by fact and law. You just can't pretend to be an honest lawyer representing a single mom in eviction proceeding while at the same time another partner of your firm is getting paid by the very same bank. Well it was only a matter of time for someone to bring to our attention some facts which both affirmed our low opinion of Jones Day given their decision to accept an undisputedly dirty bankruptcy team into their fold. As if the quick demise of Dewey LeBoeuf wasn't enough of an omen for Brogan to at least talk to a Priest about sin, the devil, punishment, RICO, and basic physics of that boomerang known as Karma. And so our attention was drawn to the indisputable facts that Bank of America & Merrill Lynch are woven into the Jones Day conflict of interest web. As if such public exposure wasn't enough to cause Stephen Brogan's aged colon to fail, there is grotesquely more to the conflicted scenario which we believe defines an actual conflict of interest. As reported by Above The Law and elsewhere, there were ongoing attempts to give a "sweetheart deal" to Merrill Lynch in the bankruptcy proceedings, a deal that would absolve the firm of all liability with respect to absurd financial deals enterred into by Detroit's disgraced former "management".

Notice how you first read something shocking, and you try to dismiss it by saying to yourself 'Oh, that BankruptcyMIsconduct is just mean spirited and full of bull' . . . But then you hear a fact, and another fact, and the next thing you know there are insider lawyers at a BigLaw firm ratting out their superiors to the nearest prosecutor. . . . And then the firm meets its demise.

Here is the Jones Day stupid list as of Fall 2013:

• Following the dubious Secret Compensation Scheme strategy that was employed by Steven H. Davis of Dewey LeBoeuf
• Hired the Bruce Bennett bankruptcy team fresh out of 2 failed firms with their dirty track record such as SONICblue
• Quite transparently inserted their mole, Kevyn Orr, into Detroit so that the City would quickly file bankruptcy and hire Jones Day
• Are Gambling that their firms significant representation of financial institutions intertwined in the development of Detroit's financial mess won't mushroom into a conflict of interest firestorm in the case.