http://www.law360.com/ Latest articles for organization: Lehman Brothers Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/132831 Hong Kong is considering whether to allow class action litigation in the wake of losses Hong Kong minibond investors suffered from the collapse of Lehman Brothers Holdings Inc. http://www.law360.com/articles/132831 http://www.law360.com/articles/132798 A British appellate court has rejected PricewaterhouseCoopers' plan to speed up the unwinding of Lehman Brothers Holdings Inc.'s European branch and distribute the assets to creditors, upholding a decision by a lower court. http://www.law360.com/articles/132798 http://www.law360.com/articles/132212 A month after remanding eight others, a federal judge has sent two more suits in securities multidistrict litigation against Reserve Management Co. Inc. back to the New York state court where they were originally filed, saying Reserve failed to show a basis for federal jurisdiction in any of the suits. http://www.law360.com/articles/132212 http://www.law360.com/articles/131712 CIT Group Inc. has slid into Chapter 11 bankruptcy, an action that will likely cost U.S. taxpayers $2.3 billion and raises questions about the lender’s ability to continue to service a broad swath of the small business and middle-market sectors. http://www.law360.com/articles/131712 http://www.law360.com/articles/131404 The United Kingdom's highest court ruled Thursday that the remaining assets of failed structured investment vehicle Sigma Finance Corp. should be spread equally among its creditors, a decision that participants in the case say could have a dramatic effect on so-called waterfall clauses in other bankruptcy cases. http://www.law360.com/articles/131404 http://www.law360.com/articles/131365 The collapse of the nation’s housing market hasn’t done much good for Lehman Brothers Holdings Inc., which is asking a federal bankruptcy court to sign off on a bid to restructure the loan terms on its faltering real estate portfolio. http://www.law360.com/articles/131365 http://www.law360.com/articles/131322 Foley Hoag LLP has become the latest law firm to slash base salaries for associates, informing employees of the impending pay cuts as part of a strategic reform to improve attorney development. http://www.law360.com/articles/131322 http://www.law360.com/articles/130165 U.S. Treasury Secretary Timothy Geithner on Thursday defended a proposal to create a new wind-down authority for "too big to fail" companies, which critics in the U.S. House of Representatives said could stretch federal authority too far while changing too little about future bailouts. http://www.law360.com/articles/130165 http://www.law360.com/articles/130722 Breaking away from the pack, Reed Smith LLP has rolled out a new model that seeks to group lawyers by competency level rather than relying on the tenure-based approach of yore. http://www.law360.com/articles/130722 http://www.law360.com/articles/130179 A bankruptcy judge on Friday rejected efforts by Metavante Corp. to change or stay enforcement of a September ruling that the company owed Lehman Brothers Special Financing Inc. more than $6.6 million in payments stemming from a prepetition swap agreement between the two companies. http://www.law360.com/articles/130179 http://www.law360.com/articles/130037 Securities regulators have filed an amended complaint in their closely watched lawsuit against Bank of America NA, accusing the bank of omitting information about billions of dollars in bonuses paid to Merrill Lynch & Co. Inc. executives in a proxy statement filed prior to the financial giants' fall 2008 shotgun merger. http://www.law360.com/articles/130037 http://www.law360.com/articles/129808 In an effort to prevent a repeat of the 2008 financial system collapse, Obama administration officials have promised to end the reign of “too big to fail” thinking, in part by expanding the authority of the Federal Deposit Insurance Corp. http://www.law360.com/articles/129808 http://www.law360.com/articles/129120 Five 2009 appellate securities decisions focusing on loss causation foretell the difficulties plaintiffs will face proving that fraud — instead of market forces or other negative but nonfraud factors — was the principal cause of their losses, especially given industrywide declines in share values for financial institutions, say Michael R. Smith and William O.L. Hutchinson of King & Spalding LLP. http://www.law360.com/articles/129120 http://www.law360.com/articles/129258 PricewaterhouseCoopers LLP, the administrator for Lehman Brothers International Europe, said Tuesday that it intended to file a $90 billion claim this month against Lehman's other units — bringing its total claims against the units to around $208 billion. http://www.law360.com/articles/129258 http://www.law360.com/articles/128973 Lehman Brothers Holdings Inc. has amended its plan to restructure SunCal Cos. foundering properties, after gaining permission from the bankruptcy court to pay $15 million in potential settlements as part of the proposed reorganization of the $2 billion projects Lehman bankrolled. http://www.law360.com/articles/128973 http://www.law360.com/articles/128980 Executives who negotiated Barclays PLC's purchase of Lehman Brothers Holdings Inc.'s U.S. brokerage arm agreed in advance that Barclays would get a $5 billion discount, and some Lehman executives who moved to Barclays got large undisclosed bonuses, according to newly unsealed motions in the Lehman bankruptcy. http://www.law360.com/articles/128980 http://www.law360.com/articles/123089 Insurers are increasingly eying one another with interest as conditions ripen in that sector for more strategic deals, and attorneys who have handled those mergers have some tips for dealing with the many special issues that must be considered with such complex businesses. http://www.law360.com/articles/123089 http://www.law360.com/articles/128635 Bankrupt Lehman Brothers Holdings Inc. has already paid out $402.9 million in fees and expense reimbursements to attorneys, financial advisers and other consultants, a newly filed report shows. http://www.law360.com/articles/128635 http://www.law360.com/articles/128563 Charles Schwab Corp. is facing a possible enforcement action by the U.S. Securities and Exchange Commission over two mutual funds that invested heavily in mortgage-backed securities. http://www.law360.com/articles/128563 http://www.law360.com/articles/128187 Lehman Brothers Holdings Inc. is asking a court to order payment processing company First Data Corp. to produce information about a terminated interest rate swap agreement between the two companies, under which Lehman claims it is owed more than the $14 million First Data has paid. http://www.law360.com/articles/128187