http://www.law360.com/ Latest articles for organization: Haynes and Boone Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135032 Regional supermarket outfit The Penn Traffic Co. has filed for Chapter 11 protection with a proposal to sell virtually all of its assets, contending that it is running short on funds and has no prospects for raising cash from either the debt or equity markets. http://www.law360.com/articles/135032 http://www.law360.com/articles/134279 After a grueling fight that has spanned many years and multiple courts, a district court judge has handed Asarco LLC back to its parent companies and put an end to the copper giant's stint in Chapter 11, as well as its asbestos liabilities. http://www.law360.com/articles/134279 http://www.law360.com/articles/123726 Rattled by an unprecedented wave of layoffs in the legal industry and a slowdown in business, more lawyers may be tempted to keep work for themselves instead of passing it off to other attorneys, but work-hoarding can pose a bigger problem for firms during difficult economic times, experts say. http://www.law360.com/articles/123726 http://www.law360.com/articles/133071 A circuit panel has upheld a victory for ConocoPhillips Inc. over allegations of theft of data and collusion with corrupt Indonesian government officials that had allegedly netted the company $50 billion worth of oil and natural gas reserves in the Malay Archipelago. http://www.law360.com/articles/133071 http://www.law360.com/articles/131656 Wood composite materials maker Advanced Environmental Recycling Technologies Inc. has sought to appeal a ruling that an American International Group Inc. affiliate does not owe any defense coverage for claims that the company’s products are defective and vulnerable to unsightly mold and fungal growth. http://www.law360.com/articles/131656 http://www.law360.com/articles/129115 An avalanche of export control enforcement actions and steeper penalties should have companies jumping through hoops to make sure they are in compliance, but in the current economic climate, a safeguard program that doesn't immediately benefit the bottom line can be a tough sell. http://www.law360.com/articles/129115 http://www.law360.com/articles/130008 A federal court has ordered electronic billboard maker Landmark Screens LLC to turn over documents related to causation in a case accusing Morgan Lewis & Bockius LLP and one of its former attorneys of fraudulently concealing a divisional patent rejection notice. http://www.law360.com/articles/130008 http://www.law360.com/articles/129217 Following a hearing in a district court, Grupo Mexico SAB de CV has reportedly found itself with some additional hurdles to clear in its bid to acquire bankrupt U.S. copper mining company Asarco LLC. http://www.law360.com/articles/129217 http://www.law360.com/articles/123918 If plaintiffs in the Refco securities litigation succeed in appealing the dismissal of Mayer Brown LLP and one of its lawyers from the case, securities lawyers arguing before the U.S. Court of Appeals for the Second Circuit may find themselves liable for statements they wrote anonymously. http://www.law360.com/articles/123918 http://www.law360.com/articles/125088 Reddy Ice Corp. has asked a federal judge to toss antitrust counterclaims brought by rival Aqua Fill in Reddy's suit alleging infringement of a patent for a machine that produces, bags and displays packaged ice for sale, saying the protection of patent rights has nothing to do with Reddy's escalating antitrust troubles. http://www.law360.com/articles/125088 http://www.law360.com/articles/124529 A bankruptcy judge has recommended that a district judge approve Grupo Mexico SAB de CV's $2.2 billion bid to acquire bankrupt copper mining operator Asarco LLC and reject the latest rival bid from India-based Sterlite Industries Ltd. http://www.law360.com/articles/124529 http://www.law360.com/articles/123992 AMR Corp., parent company of American Airlines Inc., says it will hold a private offering of $450 million in senior secured notes, in the company's third initiative to build liquidity announced in the past week. http://www.law360.com/articles/123992 http://www.law360.com/articles/123802 American Airlines Inc. parent company AMR Corp. has said it will offer $250 million in senior convertible notes due in 2014 and 30 million shares of common stock in a move that has come just days after it announced sale and loan deals to raise $2.9 billion in liquidity. http://www.law360.com/articles/123802 http://www.law360.com/articles/123795 India-based Sterlite Industries Ltd. is taking aim at its primary rival in a yearlong bidding war over bankrupt copper mining operator Asarco LLC, pledging to release Grupo Mexico SAB de CV from up to $8 billion in liability should Sterlite's bid to take Asarco win out over Grupo Mexico's. http://www.law360.com/articles/123795 http://www.law360.com/articles/123762 Marvell Technology Group Ltd. has lost its bid to transfer a patent infringement case brought by Carnegie Mellon University from Pennsylvania to Northern California, where the semiconductor maker's headquarters are located. http://www.law360.com/articles/123762 http://www.law360.com/articles/123653 Section 1111(b) of the U.S. Bankruptcy Code was designed for times like these — significantly depressed property values and relatively high debt loads. To understand how Sec. 1111(b) affects a secured creditor under a plan of reorganization, an overview of bankruptcy claims and plan confirmation is appropriate, says John D. Penn of Haynes and Boone LLP. http://www.law360.com/articles/123653 http://www.law360.com/articles/122895 AMR Corp., parent company of American Airlines Inc., has raised $2.9 billion in liquidity through sale and loan agreements with Citigroup Inc. and General Electric Co. http://www.law360.com/articles/122895 http://www.law360.com/articles/120779 A good oral argument is a conversation, not a speech, says Lynne Liberato, co-chair of the appellate section of Haynes and Boone LLP. http://www.law360.com/articles/120779 http://www.law360.com/articles/122235 An affiliate of alternative asset manager Apollo Global Management LLC plans to acquire Texas-based energy company Parallel Petroleum Corp. in a transaction valued at about $483 million, Parallel said Tuesday. http://www.law360.com/articles/122235 http://www.law360.com/articles/118397 Despite a slight warming trend in the merger market, struggles continue for special purpose acquisition companies, public companies formed to buy businesses: As an aftereffect of the recession, many SPAC investors would rather get money back than see a deal get done, requiring deft handling of potential acquisitions, according to attorneys. http://www.law360.com/articles/118397