Boutique firm Rimon PC has lured an experienced bankruptcy and real estate litigator from Duane Morris LLP to join the firm's teams in San Francisco and Silicon Valley, where he'll serve as a partner, according to Rimon.
Bankrupt oil and gas company Samson Resources Corp.'s attorneys at Kirkland & Ellis LLP can't recover fees for defending any fee disputes, the U.S. Trustee said Monday, telling a Delaware bankruptcy judge that the firm's request flouts a recent U.S. Supreme Court ruling.
The owner of A&P supermarkets on Monday filed a lawsuit in New York bankruptcy court accusing comerical real estate broker Lee & Associates of hiding from the debtor that its proposed $11.8 million purchase of stores in New Jersey and Brooklyn actually were on behalf of a third party.
A Florida music publisher has filed for bankruptcy weeks after the U.S. Supreme Court passed on an appeal that sought to overturn a $2.2 million judgment against the company in a dispute over the ownership rights to the '90s hip-hop hit “Whoomp! (There It Is)”.
A Louisiana federal judge on Monday dismissed the last part of a proposed class action claiming bankrupt ATP Oil & Gas Corp.’s top brass misled shareholders about the company’s liquidity after drilling moratoriums enacted following the Deepwater Horizon oil spill.
Thompson Coburn LLP urged a Pennsylvania federal court Monday to dismiss claims brought by the Chapter 7 trustee of Valley Forge Composite Technologies Inc., saying its downfall stemmed from the CEO's decision to illegally sell military-grade components to China, not the law firm's actions.
Attorneys representing a Lehman Brothers subsidiary on Tuesday defended a lawsuit against a subsidiary of Australia's ANZ Bank seeking to claw back more than $17.1 million, telling a New York bankruptcy judge that ANZ's argument that the funds fall outside the court's jurisdiction is misplaced.
A special master for discovery on Monday in Alabama federal court found Boeing in violation of deposition guidelines in how it interviewed a witness in a bankrupt aerospace contractor’s $1.1 billion lawsuit alleging Boeing reneged on a U.S. Air Force refueling tanker contract.
A Puerto Rico bankruptcy judge on Friday approved the sale of the Trump International Golf Club on the island for $2.2 million to stalking horse OHorizons Global LLC, who beat out rival Platinum Capital Partners after Platinum's “highly unusual” objection to the winner's financial qualifications.
The New York bankruptcy judge who is currently overseeing the court-monitored restructuring of A&P supermarkets and has managed Hostess' high-profile Chapter 11 case has agreed to mediate a dispute between miner Molycorp Inc. and its creditors over control of that bankruptcy.
Federal prosecutors agreed to withdraw appeal of the sentences handed to five people who were convicted of helping Bernard Madoff orchestrate his $65 billion Ponzi scheme, according to documents filed with the Second Circuit on Monday.
With the market for bankruptcy work as competitive as ever, lawyers need to think strategically about their practice in order to land new business. Here, experts share steps lawyers should take to get new clients and maintain their practice during upturns in the economy.
A Florida bankruptcy judge on Friday held a West Palm Beach jewelry business and its owner in contempt and threatened him with arrest for failing to comply with orders to produce documents to Rollaguard Security LLC's liquidating trustee, who claims $12 million in investor funds were funneled into the jewelry business.
A New York shipping company told a federal judge Monday it did not know whom to pay to settle a bankrupt customer’s debt for a fuel shipment and asked that the judge stop ING Bank and a fueling company from arresting one of its ships.
A California federal judge has paused a suit brought by the U.S. Securities and Exchange Commission against former Medical Capital Holdings Inc. CEO Sidney M. Field over his role in an alleged $1.7 billion Ponzi scheme, after Field and the SEC said they had reached a settlement.
The Fourth Circuit ruled Friday that First South Bank can’t seek damages for a failed investment in a real estate development even if it was misled into joining the project because the bank chose to pursue a refund for the claim during a district court trial.
Boeing asked a California federal judge Sunday to sanction a Russian state-controlled space company's subsidiaries with a presumption that they are legally indistinct from their parent, as the aerospace giant seeks to recoup $111 million it says they owe over a failed satellite-launching joint venture.
Energy Future Holdings Corp. said Monday that it has struck a settlement with the creditors on the so-called E-side of the massive case that resolves their opposition to the power giant's Chapter 11 plan, potentially removing one of the final barriers in the way of the restructuring strategy.
One of private equity adviser Lynn Tilton’s Patriarch Partners firms filed an involuntary petition Sunday seeking to force one of the distressed-debt investment funds Tilton runs into Chapter 11 bankruptcy, saying an insurance company has seized control and refused to restructure the fund.
Bankrupt Caesars Entertainment Operating Co. Inc. objected Friday to creditors' attempts to step into the company's shoes and pursue allegedly sidelined loose ends like commercial tort claims and interests in gaming licenses and riverboat mortgages, saying the interference could spoil a global settlement.
The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.
In distinguishing between materials prepared by tax professionals in the ordinary course of regulatory compliance and tax analysis tailored toward a specifically anticipated legal challenge — such as IRS scrutiny over a restructuring — the Second Circuit in Schaeffler v. U.S. added clarity about the work-product doctrine’s protection, say attorneys with WilmerHale.
A growing number of attorneys and firms are eschewing tradition by embracing technology to change not only the way we work, but also the way we organize our offices, says Anthony Johnson, founder and CEO of American Injury Attorney Group.
A recent decision from the U.S. Bankruptcy Court for the Southern District of New York in the restructuring case of a Berau Coal Energy subsidiary clarifies not only when a foreign company may be a debtor under Chapter 15, but the broader question of what satisfies the “property in the United States” requirements of Section 109, say attorneys with Ashurst LLP.
Over the past 35 years, Joe Kanka has experienced the corporate legal department from many angles, including management positions at a major law firm litigation support center, two legal staffing companies, and inside AT&T and Bell Atlantic. Here, he shares his 13 key business objectives that corporate legal departments must strive for in today’s business environment.
A decision last week by a New York bankruptcy judge splits innumerable hairs, but delineates the extent to which the new General Motors — which acquired the assets of "Old GM" in 2009 — is shielded from lawsuits based on ignition switch defects in cars manufactured prior to the acquisition, says Benjamin Feder of Kelley Drye & Warren LLP.
A recent Second Circuit decision in Franklin v. McHugh puts practitioners on notice that failure to “click all the buttons” may, with respect to electronically filing a notice of appeal, result in the appellate court lacking jurisdiction to consider the appeal. The case's lessons are equally applicable in the bankruptcy context, say Bryce Suzuki and Justin Sabin of Bryan Cave LLP.
For the foreseeable future, distressed investors and analysts will no longer have the luxury of assuming structural subordination will protect expected recoveries. Indeed, a recent decision in the Energy Future Holdings bankruptcy case will likely incentivize parent company creditors to more liberally distribute recoveries without strict adherence to the structural subordination doctrine, says Keith Sambur of Richards Kibbe & Orbe LLP.
With so many emojis and emoticons being transmitted online and in text messages, it was inevitable that they would end up in communications used as evidence in court cases. But what do they mean? And when their meaning is in dispute, who should resolve the conflict — the court or the jury? These questions recently have arisen in a variety of civil and criminal cases, say Karen Henry and Jason Harrow of Davis Wright Tremaine LLP.
Nearly every U.S. in-house counsel has faced the task of tackling an impending overseas deal when only U.S. state law governed terms are at hand. While "localizing" a contract is one way to ensure that provisions comply with the relevant local law and local market practices, there are 10 key issues to consider, says Mark Webber at Fieldfisher.