Keith Wetmore — controversial chair of San Francisco-based powerhouse Morrison & Foerster resigned his position, TLR has learned.
Wetmore would be stepping down after 12 years as chairman. He will be replaced by Larren Nashelsky — current co-chair of the firm’s Bankruptcy and Restructuring practice and member of the firm’s Executive Committee.
Nashelsky joined Morrison & Foerster as a partner in 1999 from Weil Gotshal & Manges. He earned his B.S. from the University at Albany, State University of New York, and his J.D., with distinction, from Hofstra University School of Law. He has been highly ranked by Chambers USA and Legal 500 US and is regularly listed in The Deal as one of the top 35 individuals in bankruptcy. He regularly lectures and publishes on U.S. and international insolvency matters, according to a press-release the firm has issued.
Wetmore abrupt departure comes in the aftermath of revelations involving attorneys James Brosnahan, Tony West, Chris Young, Annette Carnegie, Lori Schechter, Sonia Gonzales, Raj Chatterjee, Susan Mac Cormac, Dian Grueneich, Eric Tate as well as attorney Jonathan Dickstein, which came on the heels of a crisis of confidence in Wetmore’s leadership, sources seeking anonymity speculated.
As matters presently stand, it appears that in 2008 Morrison & Foerster attorneys James Brosnahan (self-proclaimed “mastermind behind the Democratic Party.), Tony West (Barack Obama’s Chair of California Finance Committee), Chris Young (“Obama for America” Northern California Deputy Finance Director) and Annette Carnegie (former director with the California Bar Foundation) in conjunction with Kamala Harris (Co-Chair, Obama for America ; member of CaliforniaALL), Jeffrey Bleich (president of the State Bar of California, director with the California Bar Foundation, founding member and Chair of Barack Obama’s National Finance Committee) may have executed a sophisticated financial scheme to misuse all or part of the “hush-hush” $780,000.00 originating from the California Bar Foundation by improperly transferring the money to Barack Obama’s coffers via a separate foundation created ad hoc by Susan Mac Cormac of Morrison & Foerster — CaliforniaALL.
Morrison & Foerster is an international firm with over 1000 lawyers in key finance and technology centers in the U.S., Europe and Asia.