Bankrupt auto parts supplier Collins & Aikman Corp. received some relief on Tuesday after a judge authorized the company to defer paying $28.8 million in interest and fees on pre-bankruptcy loans as it prepares to file its Chapter 11 plan by Thursday.
A federal bankruptcy judge has ruled that a woman who claimed she was injured on a shuttle bus owned by Delta Airline subsidiary Comair can proceed in her insurance case against the carrier, but said any damages awarded must be recovered by the airline’s insurance carrier.
With the entire airline industry entangled in a global probe into alleged price-fixing, some of the world's largest law firms have snapped up lucrative representations.
With over 115 years of history under its belt and 26 offices spanning the United States, Holland & Knight has made its mark in the legal world. Nonetheless, attorneys in Holland’s Corporate Restructuring, Insolvency and Creditors' Rights practice group take pride in being readily accessible to their big-name clients.
After years of accusations and counterclaims, a New Jersey federal court has ruled that Samsung Electronics Co. Ltd. and Matsushita Electric Industrial Co. Ltd. did not infringe on each other's dynamic random access memory (DRAM) chip patents.
Former HealthSouth chief Richard Scrushy will have to turn over $47.8 million in bonuses after the Alabama Supreme Court ruled that he should never have received the money.
Marking the latest major insurance settlement in the aftermath of Hurricane Katrina, Universal Health Services Inc. reached an agreement last Friday with Federal Insurance Co. and put to rest all claims related to damages from the disaster.
Bankrupt auto parts manufacturer Tower Automotive Inc. has once again improperly put its workers ahead of its creditors by penning an unusual deal with two unions to cut labor costs, according to an objection filed recently by a group of Tower creditors.
EchoStar Communications Corp. agreed Monday to pay $100 million to hundreds of U.S. network affiliates to end a drawn-out copyright infringement battle and avoid the “dramatic” consequences of a service shutdown approved last week by the U.S. Supreme Court.
One year after Hurricane Katrina—the most expensive catastrophe in U.S. history—wrought an estimated $75 billion worth of damage on the Gulf Coast, small businesses and taxpayers are still struggling to stave off insolvency despite lawmakers’ efforts to ease the financial burden.
Three attorneys have been suspended from the bar in Kentucky on the basis that they pilfered money from a $200 million settlement their clients were awarded in a case over Wyeth’s diet drug combination known as fen-phen.
A federal judge ruled Thursday that Finova Capital Corp. will have to hand back about $95 million to Thaxton Group Inc., a bankrupt operator of small loan offices.
Real estate developer Mills Corp. deliberately ignored warnings from its outside auditor about faulty accounting practices, according to a lawsuit filed against the company by its former CEO.
A case has gone to trial in which a group of former Solutia Inc. executives are suing their former parent company for allegedly withholding millions of dollars in pension benefits.
Sedgwick, Detert, Moran & Arnold LLP has lured three health care lawyers away from rival K&R Law Group LLP—bringing the total number of health care lawyers added by Sedgwick in the past three months to six.
Louisiana insurance policy holders will get more time to file claims relating to damage caused by Hurricanes Katrina and Rita, thanks to two new laws approved by a state judge on Wednesday.
Veteran trial lawyer Patricia M. Hynes is the latest to leave embattled law firm Milberg Weiss Bershad & Schulman, departing to join the New York office of UK-based Allen & Overy as senior counsel.
Less than a month after Tower Automotive Inc. bid for an extension in its Chapter 11 proceedings, a bankruptcy court has conditionally agreed to give the auto parts maker 60 additional days to file a reorganization plan and solicit creditor support.
Plaintiffs attorneys came out swinging Wednesday during opening arguments in the first trial over Wyeth’s hormone therapy drugs, which were used to treat the symptoms of menopause.
Five of Brazil’s top orange juice exporters have agreed to pay $46.7 million to end a government investigation into whether the companies acted as a cartel.