Three weeks after Adelphia Communication Corp. vowed to sell its assets to Time Warner Inc. and Comcast Corp., the bankrupt company’s unsecured creditors are lashing out against the plan for fear it will lesson their debt recovery.
Delphi Corp. has asked a judge to halt an appeal of a patent case that the beleaguered auto-parts maker says endangers its bankruptcy reorganization.
In a bid to bolster its securities practice in key business markets, the United States-based Reed Smith LLP said this week it plans to merge with U.K. firm Richards Butler LLP, creating one of the 20 largest law firms in the world.
Marking the latest swipes in the battle over voice over Internet protocol technology, telecommunications giant Verizon Services Corp. took aim at telephony company Vonage Holdings Corp. in a patent infringement suit while being hit with similar charges in a separate case.
Northwest scored another minor victory in its lengthy bankruptcy case on Wednesday when a court approved around $550 million in wage and benefit concessions from the airlines’ pilots, baggage handlers and ground workers, none of which will go into effect until the airline works out a deal with flight attendants.
Less than two years after being slapped with securities fraud charges, Adelphia Communications Corp. founder John Rigas and his son Timothy are seeking absolution, this week asking a federal appeals court to overturn their convictions for their roles in the massive accounting fraud scandal that felled the telecommunications giant.
As a Brazilian judge considers the sale of bankrupt airline Varig, rumors of bailouts and other interested investors swirled more quickly than a jet engine.
In a move to bolster its growing national litigation practice, Epstein Becker & Green PC has lured Elizabeth Ann "Betty" Morgan, a former Hunton & Williams partner and one of Georgia’s top female attorneys, who joined the firm’s Atlanta office this month.
D-Link Systems Inc.’s longstanding attempt to move a patent suit over an Ethernet cable technology from Texas to New York City suffered yet another setback this month when the United States Court of Appeals for the Federal Circuit refused its request for a writ of mandamus.
The European Commission is one step closer to improving how member states carry out its broad law against abuse of dominant market position, after hearing critique from the public and stakeholders in major competition riffs.
The wave of private securities lawsuits inspired by federal probes into options backdating may prove to be a mere ripple compared to the imminent flood of filings that threatens to drown dozens of companies in litigation.
New York State’s largest teachers union and the Attorney General’s office gave a lesson in compromise Tuesday when they signed a settlement agreement ending a civil fraud probe over the union’s endorsement of ING Group's retirement plans.
Small firms that specialize in antitrust law can thrive in an environment dominated by coast-to-coast behemoths, say partners at Manhattan-based boutique Axinn Veltrop & Harkrider LLP.
After repaying the debt to a bondholders group that led to its meltdown into bankruptcy, Calpine Corp. wants to close its wallet, claiming it should not have to fork over more to bondholders for mounting professional fees.
Banking regulators will release a revised version of a manual aimed at curtailing money laundering later this summer, in a move that will clarify regulations and please bankers who had previously criticized bank secrecy and anti-money laundering rules as too vague.
In the ongoing saga of Northwest Airlines Corp.’s bankruptcy, a court overseeing the case has granted the company permission to pay its legal bills for current and former executives.
A Brazilian judge has demanded that the group that won an auction for Varig last week come up with $346 million in cash, leaving the sale of the struggling Brazilian airline in jeopardy.
The string of dismissals of federal lawsuits over “revenue sharing” between mutual funds and brokers got a little bit longer Friday, when a federal judge in Manhattan signed an order dismissing a suit that alleged that Merrill Lynch & Co. herded investors into mutual funds that charged excessive fees and kicked back incentives to the financial services giant.
A federal judge in New York has given the rights of several works of legendary author John Steinbeck to his son and granddaughter in a case that could have broad implications for copyright law.
Bankruptcy professionals following some of the largest and most complex Chapter 11 filings in recent years may have been shaken by the recent courtroom absence of Deirdre A. Martini. But the former U.S. Trustee will return to the scene later this month as the recipient of the International Women’s Insolvency and Restructuring Confederation’s 2006 Woman of the Year in Restructuring Award.