Planning A Staycation For Solvent Co-Defendants

Law360, New York (September 21, 2011, 12:38 PM EDT) -- Picture this: Without warning, your client is dragged into a complex and inevitably expensive piece of multiparty litigation. You open a new file, assign your defense team, and have a series of conference calls with your client. But wait — you learn that a co-defendant filed for bankruptcy. Your client begins dreaming of a nice long “staycation”; it will be just what the doctor ordered!

A stay can indeed be a valuable opportunity to help your client shore up its defenses, plan litigation strategy and otherwise...
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