A bankruptcy court finding that Bear Stearns & Co. Inc. acted in good faith when it repurchased securities from former debtor HomeBanc Mortgage Corp. in 2007 was upheld Tuesday when a Delaware federal judge said the lower court did not misapply the law or make errors of fact.
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TOP NEWS

Bear Stearns Bankruptcy Suit Win Upheld By District Court

A bankruptcy court finding that Bear Stearns & Co. Inc. acted in good faith when it repurchased securities from former debtor HomeBanc Mortgage Corp. in 2007 was upheld Tuesday when a Delaware federal judge said the lower court did not misapply the law or make errors of fact. Read full article »

Suniva Can Move Forward With Creditor Equipment Eviction

Bankrupt solar cell maker Suniva Inc. can begin eviction proceedings against its largest unsecured creditor after a Delaware judge denied the creditor's bid Wednesday for a temporary restraining order that would have allowed its production equipment to remain in the debtor's Georgia facility. Read full article »

Ex-Union Leader Guilty Of Taking Bribe From Hedge Fund

A Manhattan jury convicted Norman Seabrook of bribery Wednesday, finding the once-powerful head of the Correction Officers' Benevolent Association favored now-bankrupt hedge fund Platinum Partners with $20 million of union capital in exchange for a man-purse stuffed with $60,000 in cash. Read full article »

Cambridge Analytica Trustee Fights Facebook Users' Doc Bids

The New York bankruptcy trustee for scandal-plagued Cambridge Analytica fought back against requests for documents made by Facebook users suing over the company’s alleged misuse of their personal data, calling the requests too vague and knocking them as a “backdoor effort” to circumvent the discovery process in their own suit. Read full article »

CHAPTER 11

US Trustee Backs Ex-CEO's Bid To Convert Level Solar Ch. 11

The ousted former CEO of Level Solar Inc.’s long-simmering bid to convert the defunct residential solar company’s Chapter 11 bankruptcy to a Chapter 7 liquidation began heating up again on Wednesday, as the federal bankruptcy watchdog echoed his concerns while a creditor objected to them. Read full article »

American Realty Investors Still Face $63M Judgment

Jilted creditors seeking to collect on a $63 million judgment against an American Realty Investors Inc. affiliate received a mixed-bag ruling on Tuesday, as a Texas federal judge tossed some of their fraudulent transfer and alter ego claims but kept others intact ahead of a likely trial. Read full article »

LEGAL INDUSTRY

Mayer Brown Partner's Brother-In-Law Charged With Murder

Mayer Brown LLP appellate practice leader Stephen Shapiro's brother-in-law had been receiving financial assistance from Shapiro's wife Joan for several months and was told "she would no longer just give him money" in the days before he fatally shot Shapiro and tried to kill her, a state prosecutor told an Illinois state court judge Thursday. Read full article »

Senate Confirms Two Trump Nominees To Fourth Circuit

The Senate Thursday voted to confirm a pair of Trump nominees to serve on the Fourth Circuit Court of Appeals, giving favorable votes to federal Judge A. Marvin Quattlebaum and prosecutor Jay Richardson, both of South Carolina. Read full article »

'Indefensible' Fees Request Slashed In ACA Birth Control Row

In a sternly worded opinion, an Oklahoma federal judge rejected a request for $3.1 million in attorneys' fees from lawyers representing a group of Catholic institutions that sued over Affordable Care Act rules concerning birth control, ruling that the request was "indefensible" and reducing it by more than 75 percent. Read full article »

Squire Patton Nabs 3 Leaders Of Dissolved IP Boutique

Squire Patton Boggs LLP has swallowed intellectual property boutique Singularity LLP, snagging a trio of veteran tech litigators from the dissolved boutique as part of the global firm’s efforts to bolster its intellectual property presence in the Bay Area. Read full article »

Q&A

A Chat With Ogletree Knowledge Chief Patrick DiDomenico

In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Patrick DiDomenico, chief knowledge officer at Ogletree Deakins Nash Smoak & Stewart PC. Read full article »

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