When asked about Jay Kasner, partner at Skadden Arps Slate Meagher & Flom, colleagues bypass mentioning his recent U.S. Supreme Court victory in Dabit v. Merrill Lynch in favor of discussing another of Kasner’s triumphs—his commitment to his family.
Kurtzman Carson Consultants has come off of five years of explosive growth poised to change the way the restructuring industry works, despite the fact that, technically, the company is a claims agent, not a restructuring/turnaround firm.
One of the oldest restructuring firms is looking at Europe, Asia and the public sector as venues for future expansion.
When the Federal Home Mortgage Corporation needed an independent auditor to review and report on its books, it looked to an attorney who would be able to approach the situation with an understanding of both sides of the situation: Baker Botts partner James Doty.
Venable LLP has snapped up a former research scientist and patent examiner as a new partner to solidify its patent prosecution group.
In lock step with its filing for Chapter 11 bankruptcy protection Monday, computer maker Silicon Graphics Inc. is seeking to retain Weil Gotshal & Manges LLP as counsel.
Two attorneys for Weil, Gotshal & Manges LLP—including the co-head of the firm’s antitrust and competition practice—are taking the stand this week in a long-running legal malpractice suit stemming from the firm’s representation of a retail store in an unfair competition suit against Italian fashion company Fendi.
As hedge funds continue to grab the attention of regulators, many lawyers may be scrambling to learn about what seems to be the new trend in securities litigation. DLA Piper Rudnick Gray Cary’s Perrie Weiner is at the head of the class, thanks to years spent representing the hedge fund industry in a variety of lawsuits.
Say the name Max Berger and many people will automatically think of plaintiffs firm Bernstein Litowitz Berger & Grossman, the firm responsible for some of the biggest class action settlements in history. But in some circles, Berger’s name conjures images of the delicate, brilliantly colored photographs and unselfish charity.
At barely two-years-old, restructuring firm Capstone Advisory Group LLC may be the proverbial new kid on the block, but don’t be fooled—the Capstone crew has been in this business a long time, according to the firm’s top executives.
Hunton & Williams fledgling Brussels antitrust practice is simultaneously enthusiastic and conservative about expanding.
Milberg Weiss Bershad & Schulman partner Steven Schulman has replaced his attorney in the high-profile investigation into allegations that the firm paid kickbacks to lead plaintiffs, swapping Edward Hayes for Herbert Stern.
Investors who lost $450 million in the alleged fraud at hedge fund Bayou Group have a new champion after a bankruptcy court judge appointed Jenner & Block partner Jeff J. Marwil as the federal equity receiver in the case.
As part of an ongoing effort to bolster its growing litigation practice, Thacher Proffitt & Wood LLP has added experienced securities litigator Kenneth E. Lee to its New York office.
The former general counsel for the U.S. Securities and Exchange Commission, Giovanni Prezioso, has confirmed rumors he will return to his former law firm, Cleary Gottlieb Steen & Hamilton LLP, after the firm’s leadership voted Friday to accept him back into the flock.
After rummaging through Holland & Knight’s office, Buchanan Ingersoll PC has pulled on board a veteran bankruptcy lawyer to its bankruptcy and creditors’ rights group.
Marking the firm’s first international step, intellectual property boutique Townsend and Townsend and Crew LLP has decided to expand its operations and establish an outpost in Tokyo, Japan.
Just days after snagging American International Group counsel Ernest Patrikis, Pillsbury Winthrop Shaw Pittman LLP has added yet another veteran lawyer to round out its financial-services practice.
A former employee of Corning Inc. who found secret documents in a garbage bin and sold them to Taiwanese PicVue Electronics Ltd. was sentenced yesterday to four years in federal prison.
In a coup for the law firm Pillsbury Winthrop Shaw Pittman LLP, the senior vice president and general counsel to American International Group will leave the insurance giant to expand the firm’s regulatory practice for financial services clients.
As a result of the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, many Chapter 11 cases that revolve around real estate will fall within the Bankruptcy Code’s definition of "single asset real estate" cases and are thus subject to special provisions in the Bankruptcy Code, say Andrew D. Gottfried and Karen Gartenberg of Morgan Lewis & Bockius LLP.
States with the most aggressive Renewables Portfolio Standards include California at 33 percent by 2020, Arizona at 15 percent by 2025, Pennsylvania at 18 percent by 2020-2021 and New York at 24 percent by 2013. New Jersey can also be counted among these renewable energy progressive states, say Stephen B. Pearlman and Ryan J. Scerbo of DeCotiis FitzPatrick and Cole LLP.
Abu Dhabi Commercial Bank v. Morgan Stanley & Co. Inc. may signify an erosion of traditionally broad First Amendment protection for credit rating agencies, thus paving the way for future investor lawsuits, say Michael T. Gass, Charlotte J. Kim and Emily E. Twiss of Choate Hall & Stewart LLP.
One might expect that the economy’s role in cases that seek to enjoin employment pursuant to a noncompetition agreement or other restrictive covenant would have become more prominent over the past year. Remarkably, however, the economy appears to have had no impact whatsoever on noncompete jurisprudence, say Daniel Johnson Jr., Larry L. Turner and Erica E. Flores of Morgan Lewis & Bockius LLP.
While the U.S. Securities and Exchange Commission's interpretive guidance on disclosure requirements regarding business or legal developments relating to climate change will likely be most readily applicable to energy and utility companies, it is clear that the SEC will require all public companies to re-examine the disclosures they provide regarding climate change, say Ruth H. Silman and Bradley T. Kamlet of Nixon Peabody LLP.
Although the U.S. Department of Justice has made clear that monitors will continue to be deployed in Foreign Corrupt Practices Act resolutions, the recent settlement of criminal charges by UTStarcom Inc. made news when, despite significant FCPA allegations of improper payments in China, the DOJ did not insist on a corporate monitor as part of the settlement, say Paul R. Berger, Steven S. Michaels and Erin W. Sheehy of Debevoise & Plimpton LLP.
Recently, the U.S. Court of Appeals for the Second Circuit became the second court of appeals to address the question of whether an unsecured creditor is entitled to an allowed claim for attorneys’ fees that are incurred post-petition when they are provided for by contract or nonbankruptcy statute, says Scott H. Bernstein of Hunton & Williams LLP.
As a result of current market uncertainties encouraging buyers and sellers to close deals more quickly, and the U.S. Securities and Exchange Commission’s clarification of the “all holders/best price” rule, tender offers have been increasing as a percentage of overall U.S. public M&A activity over the past couple of years, says Joris M. Hogan of Torys LLP.
The Supreme Court decision in NRG Power Marketing v. Maine Public Utility Commissioners appears to revolve around the interpretation of a regulatory construct, the so-called Mobile-Sierra doctrine, and to be of limited general interest. But in fact, the decision is an instrumental piece of a long process that might finally unleash the powers of competition in electricity, says Jonathan Falk of NERA Economic Consulting.
While it is difficult for anyone to guess what the Supreme Court will decide in Bilski v. Kappos, we all still have difficult decisions to make concerning business-related and computer-related inventions. During this period of uncertainty, it is best to continue to hedge your bets, say Charles R. Macedo and Norajean McCaffrey of Amster Rothstein & Ebenstein LLP.