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KIRSCHNER et al v. WACHOVIA CAPITAL MARKETS, LLC et al
Case Number:
2:09-mc-00162
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- Bailey & Glasser
- Balch & Bingham
- Blank Rome
- Buchanan Ingersoll
- Burns White
- Del Sole Cavanaugh
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November 28, 2012
Compass Ends $14M Le-Nature's Suit Against CIT, Krones
Compass Financial Corp. settled a $14 million financing fraud and breach of contract suit Tuesday against The CIT Group/Equipment Financing Inc. and Krones AG, part of multidistrict litigation over the $668 million accounting scam that pushed bottling company Le-Nature's Inc. into bankruptcy.
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January 18, 2011
Are Insolvent Corporations Hurt By More Debt?
A Pennsylvania state court recently 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. It is among the first state law decisions to definitively reject the theory that an already insolvent company with no hope of rehabilitation can be damaged by incurring additional debt, say Andrew J. Wronski, Eric L. Maassen and Jacob W. Nelson of Foley & Lardner LLP.