The U.S. trustee overseeing Tower Automotive Inc.'s Chapter 11 proceedings is asking the court to pare down Akin Gump Strauss Hauer & Feld LLP's fees by $77,788, arguing the firm's work for an ad hoc bondholders committee in the bankruptcy's early stages doesn't entitle it to payment from the estate.
A court on Thursday said that Judge Barbara Houser, a bankruptcy judge in Texas, should serve as the mediator in the bankruptcy case of Pacific Lumber Co.
Standard Chartered Bank is seeking roughly $2.7 million from the reorganized Enron Corp. for claims against several former Enron subsidiaries. The claims were allegedly not resolved in 2005, when SCB agreed to release Enron itself from a debt of $24.5 million.
The five major makers of artificial joints revealed that they have paid more than $200 million so far this year to doctors and hospitals as part of an agreement with the U.S. Department of Justice.
In the wake of Merrill Lynch Inc.'s disclosure that it will write down $8 billion due to subprime mortgage exposure, the U.S. Securities and Exchange Commission has reportedly decided to take a closer look at the way the investment bank values its mortgage-backed securities.
Although she threw out part of the case, a judge has said that a shareholder lawsuit alleging telecommunication software provider Openwave Systems Inc. engaged in illegal backdating of stock options can move forward.
The former chief internal auditor of Japan-based Sojitz Corp. of America filed a proposed class action lawsuit against the company Thursday alleging he was discriminated against because he is not Asian.
U.S. Philips Corp. has gained some ground from its appeal of a lower court’s decision in favor of Japanese rival Iwasaki Electric Co. Ltd., which was accused by U.S. Philips of infringing its patent related to mercury vapor discharge lamps.
Plaintiffs class action firm Cohen, Milstein, Hausfeld & Toll PLLC has expanded significantly, adding two new offices and several new partners in the past six months to enhance the firm’s abilities and talent particularly in the securities and antitrust areas.
A ruling on the whether or not to approve the disclosure statement describing a Chapter 11 liquidation plan in M. Fabrikant & Sons Inc.'s bankruptcy proceedings has been postponed for the second time this week.
NBC Universal Inc. did not violate employment laws when it fired a producer who claimed the television show “To Catch a Predator” overstepped ethical boundaries, a district court judge has ruled, tossing the journalist's $1 million lawsuit.
The U.S. Supreme Court will hear oral argument Monday in a case that will decide whether states can tax their own municipal bonds more favorably than out-of-state bonds.
Wal-Mart Stores Inc. might be the first big corporation to openly declare a moratorium on starting salary hikes for its outside firms' associates. But according to experts, in-house counsel across all industries share its anxieties.
Security company Wackenhut Corp. has filed suit against the Service Employees International Union, accusing the union of taking part in a racketeering scheme in an effort to force Wackenhut to recognize SEIU as the exclusive bargaining representative of its employees.
A judge has tossed a government racketeering suit that implicated a dockworkers' union, its pension fund and its executives in the alleged New York waterfront operations of Mafia crime syndicate La Cosa Nostra, saying the suit failed to plead any conspiracy among the defendants.
Moving one step closer to emerging from Chapter 11 bankruptcy protection, Solutia Inc. has secured exit financing, receiving commitments from several underwriters to provide $2 billion to pay creditors.
Securities plaintiffs attorneys are beginning to circle solar power provider China Sunergy Co. Ltd., with Coughlin Stoia Geller Rudman & Robbins LLP becoming the latest to file a purported class action over the energy company's initial public offering in May.
The author of the Harry Potter novels and the studio that has released the films sued a small publisher in an effort to deploy an avada kedavra spell — that's the killing curse, for the uninitiated — on a soon-to-be published companion encyclopedia.
While expressing sympathy for Amaranth Advisers LLC's situation, a federal judge refused to halt the Federal Energy Regulatory Commission's administrative action against the defunct hedge fund even as a similar lawsuit brought by the U.S. Commodities Futures Trading Commission remains pending.
A federal judge has ruled that the U.S. Department of the Interior overstepped its authority when it directed Kerr-McGee Oil & Gas Corp. to pay royalties on oil and natural gas from eight deepwater leases in the Gulf of Mexico.