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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 10pt&quot;&gt;&lt;span style=&quot;FONT-SIZE: 10pt; LINE-HEIGHT: 115%; FONT-FAMILY: &#39;Arial&#39;,&#39;sans-serif&#39;&quot;&gt;For once, we have a story about Cadwalader that isn&amp;#8217;t about layoffs and doesn&amp;#8217;t employ the phrase &amp;#8220;Shark Tank&amp;#8221; (whoops).&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;The Cadwalader web site&amp;#8217;s &amp;#8216;client memo&amp;#8217; section is, as you&amp;#8217;d expect, stocked with such potboilers as &amp;#8220;ISDA Auction Hardwiring and other Market Initiatives: Strengthening the Infrastructure for CDS Transactions&amp;#8221; and &amp;#8220;Interim Guidance on Deferred Compensation Arrangements Under Section 457A of the Internal Revenue Code.&amp;#8221; &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;But the latest entry, &amp;#8220;The Manny Ramirez Lightbulb&amp;#8221; instantly joins the Sushi Memo in that tiny pantheon of law firm memos that are actually memorable. &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: &#39;Arial&#39;,&#39;sans-serif&#39;&quot;&gt;The author is Steven Lofchie, co-chair of Cadwalader&amp;#8217;s financial services department.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;The memo begins: &quot;I am enraged! and outraged! plus morally reprehensibled (did I say I am outraged!) that Manny Ramirez has inked another huge contract.&quot; &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;The rest of it is even farther out in left field.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;The gist, I think, is a Swiftian &amp;#8220;Modest Proposal&amp;#8221; that Massachusetts implement a confiscatory (up to 110%!) retroactive tax on Manny&amp;#8217;s millions, in order to punish him for his high crimes and misdemeanors against RedSoxNation.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span style=&quot;FONT-SIZE: 10pt; FONT-FAMILY: &#39;Arial&#39;,&#39;sans-serif&#39;&quot;&gt;Obviously, the memo is a comment on the AIG retention payment hysteria, but it also manages to be a mash note to Bill Belichick and to take some digs at Andrew Cuomo, Arlen Specter, and &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;The Watchmen&lt;/i&gt; movie. &lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Mr. Lofchie has some impressive range.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Read the whole thing before some killjoy partner of Lofchie has it taken down. (via The AmLawDaily).&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 10pt&quot;&gt;&lt;font face=&quot;Calibri&quot;&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/span&gt;-posted by brian&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;img style=&quot;WIDTH: 181px; HEIGHT: 191px&quot; height=&quot;296&quot; src=&quot;http://blogs.villagevoice.com/runninscared/MannyRamirez.jpg&quot; width=&quot;236&quot;&gt;&lt;/p&gt;&lt;p&gt;Manny does not agree with Lofchie about the AIG tax proposal&lt;/p&gt;

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A non-boring memo

For once, we have a story about Cadwalader that isn’t about layoffs and doesn’t employ the phrase “Shark Tank” (whoops). The Cadwalader web site’s ‘client memo’ section is, as you’d expect, stocked with such potboilers as “ISDA Auction Hardwiring and other Market Initiatives: Strengthening the Infrastructure for CDS Transactions” and “Interim Guidance on Deferred Compensation Arrangements Under Section 457A of the Internal Revenue Code.

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A non-boring memo

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