• Japanese prosecutors re-arrested Nissan Motor Co.'s former chairman Carlos Ghosn, related to new allegations of financial misconduct. Ghosn, who leads French auto giant Renault SA as chairman and chief executive, and who formerly served as chairman of Nissan Motor Co., has been behind bars since late November. (Bloomberg News) Ghosn hired Paul, Weiss, Rifkind, Wharton & Garrison to defend him in the case in November, but leading his defense team is Motonari Otsuru, a former Japanese prosecutor who was known for going after the wealthy. (Financial Times)

  • Just in time for year-end accounting and decisions on compensation and budgeting in the new year, slower billing collection times are giving law firms headaches. (Bloomberg Law via BLB)

  • FBI Director Christopher Wray’s most recent financial disclosure showed $14 million in partnership income from King & Spalding. His client list included Wells Fargo, Johnson & Johnson, Credit Suisse, and Chevron Corp., from 2016 through his departure from the firm in 2017. (National Law Journal)

  • McKool Smith is the latest firm to match the associate bonus scale notched by Cravath, and it’s also moving to the $190,000 salary scale, retroactive to July 1. (Above The Law)

  • Boies Schiller Flexner, Cooley, and Milbank, are moving their New York offices to 55 Hudson Yards, near Manhattan’s Jacob K. Javitts Convention Center in early 2019. Debevoise & Plimpton may be joining them in the development, according to a report. (New York Law Journal)

  • Morrison & Foerster advised Gryphon Investors, a San Francisco-based private equity firm, in its acquisition of RegEd Inc., which supplies compliance and regulatory management services for insurance companies, broker-dealers, banks, and other financial services companies. McGuireWoods represented RegEd. (PE Hub Network)

Lawyers, Law Firms, Laterals and Promotions

  • Former Mastercard in-house attorney Alan Konevsky was hired as chief legal officer by blockchain company tZERO, which is owned by Overstock.com. Konevsky was previously at Goldman Sachs, and Sullivan & Cromwell. (Corporate Counsel)

  • Shareholders in recent years have gained significant leverage to vet how companies are managed, including executive compensation, a trend likely to continue in 2019, according to a new report from Hogan Lovells and others. (HoganLovells.com)

  • Eversheds Sutherland elected six new U.S. partners, including three women, “effective in the new year.” Two are in the firm’s Atlanta office and four in Washington. (EvershedsSutherland.com)

Legal Actions, Bankruptcies, Decisions

  • FedEx Ground Package Sys. Inc., advised by O’Melveny, won’t have to face a certified class of delivery drivers alleging they were underpaid because FedEx misclassified them as independent contractors, a New Jersey federal court said. (Bloomberg Law via BLB)

  • The bankruptcy judge overseeing the Sears Holdings Corp. case approved most aspects of a controversial sale of intercompany notes Dec. 20 but said he would hold a later hearing on a provision of the deal that prevents more of the debt from being sold. (Bloomberg News via BLB)

  • Lawyers for New York asked a federal court to throw out claims by the National Rifle Association that a state agency and top officials violated its First Amendment rights and selectively enforced insurance law. (Bloomberg Law via BLB)

  • Red Hat Inc. faces two would-be class suits over IBM’s proposed $34 billion acquisition of the open source software firm, both alleging it didn’t disclose necessary financial information. (Bloomberg Law via BLB)

Legal Education

  • Concurring Opinions, a blog started in 2006 by a group law professors, is shutting down. (Law.com)