Are Insolvent Corporations Hurt By More Debt?

Law360 (January 18, 2011, 4:13 PM EST) -- In the first Pennsylvania state court decision of its kind, the Court of Common Pleas of Allegheny County refused to recognize "deepening insolvency" as a theory or measure of damages in a Chapter 11 liquidation trustee's professional negligence claim against the law firm K&L Gates LLP.[1]...

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