First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."
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TOP NEWS

First Brands Creditor Wants Examiner After $2.3B 'Vanished'

By Clara Geoghegan

First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."

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Voyager Judge Won't Dismiss Contract Claims In Binance Suit

By Alex Wittenberg

A New York bankruptcy judge said Thursday he expected to deny a request by Binance.US to dismiss Voyager Digital's breach of contract claims stemming from a collapsed asset purchase agreement between the two cryptocurrency ventures.

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Teamsters Want Court To Reconsider Maverick Gaming Sale

By Emlyn Cameron

A Teamsters local asked a Texas bankruptcy judge to rethink his order permitting RunItOneTime LLC to sell assets to a company managed by one of its founders, saying the bankruptcy court lacked jurisdiction to decide that the two weren't essentially the same business.

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CHAPTER 11

Brief

Big Lots Gets OK For $6.5M Deal On Exec Claims

By Rick Archer

A Delaware bankruptcy judge on Thursday approved a $6.5 million settlement between retail chain Big Lots and its directors and officers, resolving claims by unsecured creditors that the company's board bungled an attempt to sell the company last year.

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RESTRUCTURING

Hemp Co. Asks Del. Court To Defer Ex-Exec's Suit To Australia

By Jarek Rutz

An Australian hemp manufacturer and its U.S. subsidiaries asked a Delaware federal judge Thursday to dismiss or pause a lawsuit filed by a former executive-turned-whistleblower, arguing the case should be deferred under international comity principles.

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EXPERT ANALYSIS

Series

Painting Makes Me A Better Lawyer

Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

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LEGAL INDUSTRY

Up Next At High Court: Voting Rights & Warrantless Entries

By Katie Buehler

The U.S. Supreme Court will return Tuesday to hear oral arguments in four cases, including a dispute over the constitutionality of the last remaining provision of the Voting Right Act and whether federal prisoners seeking postconviction relief are subject to the same rules as state inmates.

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Atty's Due Process Claims Challenging Disbarments Trimmed

By Emily Sawicki

A former attorney has had most of a due process suit fighting his disbarment in Florida and reciprocal discipline in Massachusetts and New York thrown out, with a Manhattan federal judge finding that New York lacks personal jurisdiction over out-of-state disciplinary officials.

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CFTC Crypto Task Force Head Returns To Akin

By Aislinn Keely

The former head of the Commodity Futures Trading Commission's Digital Asset Task Force has left the agency to return to Akin Gump Strauss Hauer & Feld LLP as senior counsel in its white collar defense and government investigations practice.

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9th Circ. Flouting 'Imperial Judiciary' Warning, Judges Assert

By Jeff Overley

A large contingent of Ninth Circuit judges accused colleagues Friday of ignoring recent U.S. Supreme Court decisions limiting legal remedies in politically charged disputes, adding fresh fuel to a heated debate over the judiciary's handling of suits against the Trump administration.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Paddington Bear's creators and Studio Canal sue the company behind Spitting Image, Blackpool Football Club's former owner Owen Oyston bring a fresh claim against the club, and Mishcon de Reya sue a Saudi investment group.

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Law360's Legal Lions Of The Week

By Kevin Penton

Solomon Ward Seidenwurm & Smith LLP leads this week's edition of Law360 Legal Lions, after the full Ninth Circuit held that denials of California anti-SLAPP motions can no longer be appealed in the midst of litigation.

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NJ Senate President Calls For Monitor Of State AG Unit

By Madison Arnold

New Jersey Senate President Nicholas Scutari on Friday called for the appointment of an independent monitor to oversee the state's Office of Public Integrity and Accountability, saying it has been troubled with failed prosecutions, botched investigations and misconduct.

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Ga. Judge Charged With DUI At Florida Strip Club

By Chart Riggall

The Georgia judge who heads up the state's council of superior court jurists was arrested for driving under the influence outside a Jacksonville, Florida, strip club this week after hitting another vehicle with his Mercedes, according to arrest records.

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Brief

Bill Would Let Judges, Prosecutors Carry Concealed Guns

By Courtney Bublé

Two Republicans have introduced a bill in the U.S. Senate that would allow current and retired federal judges and state, local and federal prosecutors to carry concealed firearms in response to increasing concerns about judicial security.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

It is of little solace to general counsel that most big law firms hiked their billing rates this year just slightly less than last year's increase. And it looks like Elon Musk is settling with the former chief legal officer and the general counsel of Twitter, along with two other executives, over their suit to obtain millions in promised severance pay. These are some of the stories in corporate legal news you may have missed in the past week.

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Retribution, Intent Claims May Defuse Bombshell James Case

By Phillip Bantz

The Trump administration's indictment of New York Attorney General Letitia James is tightly crafted and offers a straightforward presentation of the government's case, but experts say James appears to have a strong argument that she did not intend to break the law and is being unfairly targeted for what amounts to a minor offense.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akin Gump

Arnold & Porter

Barnard Iglitzin

Bird & Bird

Blake Morgan LLP

Boyden Gray

Brown & Crouppen

Bryan Cave

CMS Cameron McKenna

Clifford Chance

Constantine Law Ltd

Creed & Gowdy

DLA Piper

Dean Omar

Edwin Coe

Fox Rothschild

Fried Frank

Frost Brown

Gibbons PC

Gibson Dunn

Gouchev Law

Gowling WLG

Graves Garrett

Greenberg Traurig

Hill Dickinson

Holland & Knight

Howard Kennedy LLP

Hunters Law

Hunton Andrews

Jones Day

Keystone Law

Kirkland & Ellis

Klehr Harrison

Latham & Watkins

Lowell & Associates

McDermott Will & Schulte

Mishcon de Reya

Morgan Lewis

Morris Nichols

Nabarro LLP

Norton Rose

Orrick Herrington

Pinsent Masons

Quinn Emanuel

Shakespeare Martineau

Shoosmiths LLP

Sidley Austin

Skadden Arps

Solomon Ward

Sullivan & Cromwell

TLT LLP

Taylor Duma

Taylor Wessing

Wachtell Lipton

Walker Morris LLP

Weightmans LLP

Weil Gotshal

Wiggin LLP

Williams & Connolly

WilmerHale

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

AXA SA

AXA XL Ltd.

Akin's

American Arbitration Association

American Bar Association

American Federation of Labor & Congress of Industrial Organizations

Association of Corporate Counsel

Big Lots Inc.

Binance Holdings Ltd.

Binance.US

C.H. Robinson Worldwide Inc.

Comerica Inc.

Community Legal Services in East Palo Alto

Court of Arbitration for Sport

DePuy Synthes Cos.

Deutsche Bank AG

DraftKings Inc.

EE Ltd.

Ecofibre Ltd.

Emirates NBD Bank PJSC

Eventbrite Inc.

Exxon Mobil Corp.

FTX US

Fifth Third Bancorp

First Brands Group

Fitch Ratings Ltd.

Fort Point Capital

Google LLC

Gordon Brothers Group LLC

International Brotherhood of Teamsters

International Finance Corp.

Johnson & Johnson

LinkedIn Corp.

MasterCard Inc.

Maverick Gaming LLC

Micron Technology Inc.

NAACP Legal Defense & Educational Fund Inc.

National Association for the Advancement of Colored People

New York State Bar Association

Ohio State University

Palantir Technologies Inc.

Prison Policy Initiative

Raistone Capital LLC

S&P Global Inc.

Signature Resolution LLC

Sky PLC

Solicitors Regulation Authority Ltd.

The Florida Bar

Twitter Inc.

Universal Music Group NV

Vertiv Inc.

Virgin Media Inc.

Warner Bros. Entertainment Inc.

X Corp.

Yangtze Memory Technologies Co. Ltd.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Federal Bureau of Investigation

Federal Reserve System

Financial Conduct Authority

Florida Supreme Court

National Institutes of Health

National Labor Relations Board

New Jersey Legislature

New York Attorney General's Office

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the Southern District of New York

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Delaware

U.S. District Court for the Eastern District of Texas

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Louisiana

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court