This morning's opinion definitely doesn't reflect the best transactional work that Venable ever did.
The opinion itself contains some of the details of the underlying scam. And a complete scam it was.
Here are some more details about the fraud. The Ninth Circuit reverses the district court and says that almost the entire lawsuit against Venable can go forward.
The relevant partner at Venable is now at Arent Fox. But Venable still gets stuck with the suit.