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Eat What You Kill: The Fall of a Wall Street Lawyer [Hardcover]

Milton C Regan Jr. (Author)
4.6 out of 5 stars  See all reviews (9 customer reviews)


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Book Description

0472114379 978-0472114375 September 15, 2004
"A wonderful character study of someone whose cognitive dissonance ('I am brilliant, therefore I must be doing everything correctly') led directly to his downfall. Students would do well to read this book before venturing forth into a large firm, a small firm, or any pressure-cooker environment."
-Nancy Rapoport, University of Houston Law Center

"Eat What You Kill is gripping and well written. . . . It weaves in academic commentary and understanding of professional ethics issues in a way that makes it accessible to everyone."
-Frank Partnoy, University of San Diego Law School


He had it all, and then he lost it. But why did he do it, risking everything-wealth, success, livelihood, freedom, and the security of family?

Eat What You Kill is the story of John Gellene, a rising star and bankruptcy partner at one of Wall Street's most venerable law firms. But when Gellene became entangled in a web of conflicting corporate and legal interests involving one of his clients, he was eventually charged with making false statements, indicted, found guilty of a federal crime, and sentenced to prison.

Milton C. Regan Jr. uses Gellene's case to prove that such conflicting interests are now disturbingly commonplace in the world of American corporate finance. Combining a journalist's eye with sharp psychological insight, Regan spins Gellene's story into a gripping drama of fundamental tensions in modern-day corporate practice and describes in perfect miniature the inexorable confluence of the interests of American corporations and their legal counselors.

This confluence may seem natural enough, but because these law firms serve many masters-corporations, venture capitalists, shareholder groups-it has paradoxically led to deep, pervasive conflicts of interest. Eat What You Kill gives us the story of a man trapped in this labyrinth, and reveals the individual and systemic factors that contributed to Gellene's demise.


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About the Author

Milton C. Regan, Jr., is Professor of Law at the Georgetown University Law Center.

Product Details

  • Hardcover: 416 pages
  • Publisher: University of Michigan Press (September 15, 2004)
  • Language: English
  • ISBN-10: 0472114379
  • ISBN-13: 978-0472114375
  • Product Dimensions: 9.1 x 6 x 1.3 inches
  • Shipping Weight: 1.4 pounds
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #2,059,749 in Books (See Top 100 in Books)

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Customer Reviews

9 Reviews
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Average Customer Review
4.6 out of 5 stars (9 customer reviews)
 
 
 
 
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9 of 9 people found the following review helpful:
5.0 out of 5 stars a patient reader reaps far more than an ethics case study, May 4, 2005
This review is from: Eat What You Kill: The Fall of a Wall Street Lawyer (Hardcover)
Read for: lessons in bankruptcy law and practice, junk bonds, vulture investment, corporate law generally, white collar crime and trial tactics, and a nuanced ethical exploration

Avoid if: seeking simple answers, easily bored by thorough and balanced legal arguments

"Eat What You Kill" explores in excruciating detail the rise and fall of John Gellene, bankruptcy attorney extraordinaire, who failed to disclose a conflict of interest which landed him in prison.

Yet Milton Regan's book offers more than an ethics case study. A blow-by-blow survey of corporate restructuring, bankruptcy litigation tactics, and white collar criminal prosecution, Regan's book overwhelms with useful instruction. Though focused upon Gellene's life at law, Regan uses it as a prism to explore the environment of many others swimming in the same waters.

Lay readers may find the professorial tone both vice and virtue, as the riches grow tiresome to anyone uninterested in following the pros, cons, counter-pros, and counter-cons of various litigation tactics and arguments. Within this web of contextual detail, the ethical story threads diverse legal doctrines.

Offering no simple denunciations or defenses, Regan sees Gellene as merely a lawyer who tends to lie to avoid the consequences of his own negligence. Flawed, perhaps, but hardly a gross flaw.

Refraining from potshots or praise permits Regan to hold Gellene accountable while looking more deeply into the practice of corporate law itself. Regan's conclusions seem to be that lawyers, preoccupied with the business of law, lose sight of its spirit.
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5 of 5 people found the following review helpful:
5.0 out of 5 stars Spellbinding and hugely educational, August 10, 2005
This review is from: Eat What You Kill: The Fall of a Wall Street Lawyer (Hardcover)
Hats off to Professor Regan for his prodigious research and painstaking, vivid recreation of the saga of a prominent lawyer's startling rise and fall --an all-the-more remarkable achievement given Gellene's refusal to cooperate in this project. This is an amazing look-behind-the-curtain as to: how large law partnerships reward and penalize their producers and non-producers; how complicated bankruptcy negotiations unfold; how investment bankers and vulture investors exploit weakened corporations; how a brilliant professional succumbed under pressure to career-ending ethical blunders; and much more. An extremely valuable reading experience for practioners and students of law and business that deserves to be a best-seller.
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6 of 7 people found the following review helpful:
5.0 out of 5 stars terrific, gripping, insightful, December 22, 2004
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This review is from: Eat What You Kill: The Fall of a Wall Street Lawyer (Hardcover)
A better read, simply as a page-turner, than many novels.

Gellene, the protagonist/anti-hero of this book, graduated Phi Beta Kappa and summa cum laude from Georgetown with degrees in philosophy and economics. He graduated cum laude from Harvard Law School, then clerked for Justice Morris Pashman of the New Jersey Supreme Court. Pretty impressive resume, eh? He had the "world at his feet," yet before much more time had passed he was in a prison cell.

This book should act as a warning on several levels. On one of them, it warns a certain type of investor about the nature of the chapter 11 process (in the course of which Gellene made the false statements that led to his downfall). Vulture investing in the instruments of distressed companies going through this process isn't an explicit theme of the book, one it ends up here nonetheless. There are traps for vultures, too.
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Inside This Book (learn more)
First Sentence:
IN FEBRUARY 1993, Larry Lederman picked up the phone in his fifty-fifth floor office at Milbank, Tweed, Hadley & McCloy in New York. Read the first page
Key Phrases - Capitalized Phrases (CAPs): (learn more)
South Street, New York, Judge Eisenberg, John Gellene, Wall Street, Milbank Tweed, Goldman Sachs, Larry Lederman, Jackson National Life, Mikael Salovaara, Leslie Fay, United States, John Jerome, New Jersey, Bankruptcy Code, David Goelzer, John Stark, John Byrnes, Toni Lichstein, Jeff Werbalowsky, Lotus Cab Company, Judge Brozman, Andy Rahl, Attorney's Office, Million Bonds
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