A federal judge has denied Dana Corp.’s proposed incentive plan, under which the bankrupt auto parts maker would have shelled out almost $10 million to retain key executives upon its emergence from bankruptcy.
In a major break for Delta Air Lines Inc.’s bankruptcy plans, a bankruptcy court on Tuesday allowed the airline to dump its pilots’ defined benefit pension plan.
Just a week after the world’s top insurance broker, Marsh & McLennan Cos., announced that it had received a nod from New York Attorney General Eliot Spitzer to relax limitations on accepting contingent commissions, London insurance broker Willis Group Holdings Ltd. said it has struck a similar deal.
A former broker for investment bank Bear Stearns Cos. has slapped the firm with a $30 million lawsuit, alleging he was wrongfully terminated in the wake of a market-timing scandal that hit Bear Stearns in 2003.
Amid concerns that trade secrets and other confidential information will be handed to its rivals, a lawyer for insurance broker Brown & Brown has filed a lawsuit against Connecticut Attorney General Richard Blumenthal to block such disclosures.
A federal judge on Thursday extended Refco Inc.’s exclusivity period until Sept. 12, thus giving the bankrupt brokerage firm 11 more days to negotiate a repayment plan.
Taking on more than twice as many Chapter 11 cases this past year as the majority of its competitors, Skadden clearly presides as the firm most clients turn to when facing a difficult bankruptcy, according to our survey of the 250+ largest firms in the United States.
Embattled auto parts manufacturer Dana Corp. must shell out a whopping $12.6 million to a slew of law firms and companies that have aided the company throughout its Chapter 11 proceedings.
Foley & Lardner LLP has been actively bolstering its bankruptcy ranks, spurred by high hopes to become an even bigger player in the field of creditor and debtor committee representation.
Bankrupt Delta Air Lines has asked a bankruptcy judge to let it terminate its underfunded pension plan for pilots to enable the carrier to exit from Chapter 11 by next year, but some pilots groups intend to rally in opposition to the move.
Retained in almost twice as many cases as its nearest competitor, Wilson Sonsini Goodrich & Rosati is far and away the most sought-after firm in securities litigation, according to our survey of the 250+ largest firms in the United States.
Greenberg Traurig LLP blew away the competition this past year as the most frequently hired firm when it came to trademark litigation, according to our survey of the 250+ largest law firms in the United States.
Despite a minor slow-down in patent litigation, intellectual property specialist Fish & Richardson PC has maintained its position as the most frequently hired firm over the past year, with Jones Day again the runner-up, according to our survey of the 250-plus largest firms in the United States.
The largest law firm in the United States to focus exclusively on labor and employment law has been retained more than any other firm in employment lawsuits in the past year, though two other employment-only firms are in close pursuit, according to our survey of the 250+ largest U.S. law firms.
In a significant victory for Bristol-Myers Squibb & Co. and Sanofi-Aventis Corp., a federal judge has granted the pharmaceuticals a preliminary injunction, ordering Apotex Corp. to cease selling its generic version of the blood thinner Plavix.
Outshining the bevy of antitrust practices vying for courtroom action, Arnold & Porter LLP set itself apart from the crowd in the past year as the most in-demand antitrust litigation firm, according to our survey of the 250+ largest law firms in the United States.
Brokerage firm Edward D. Jones & Co. will pay $127 million to settle nine class action lawsuits filed against the firm over allegedly questionable revenue-sharing practices.
Marking the latest development in an ongoing feud between the European Union and the United States over government subsidies to airlines, a Superior Court judge is staving off a bid by France-based Airbus to disqualify Boeing Co. attorneys from working on a contentious trade dispute involving the World Trade Organization.
Bankrupt carrier Delta Airlines has turned a deaf ear to the protests of retired pilots, asking a judge to toss its pension plans in an effort to cut costs. But the pilots aren’t giving up without a fight.
Snubbing creditors of Tower Automotive Inc., a federal bankruptcy judge on Wednesday gave the green light to an unusual settlement between the bankrupt auto parts maker and two of its unions to cut labor costs.