Law firms could be targets under a government plan to acquire bad mortgage debt by creating an agency similar to the one that oversaw the liquidation of assets from 747…
Goldman Sachs and Morgan Stanley have announced that they will become bank holding companies subject to greater regulation, changing Wall Street and ending the investment banking model that had been…
Short-selling of a bank’s stock isn’t illegal. But when investors who are betting that a company’s share price will fall fuel the stock’s downslide with false rumors about the company,…
Since law firms with unpaid legal fees are treated like any other creditor, the top London legal shops that have been advising Lehman Brothers in corporate matters could lose hefty…
Milbank, Tweed, Hadley & McCloy will be reprising a role it had in the Enron bankruptcy with its appointment to represent the creditors’ committee in Lehman Brothers’ Chapter 11 filing.
In an about-face, the federal government has agreed to loan the American Insurance Group $85 billion in return for a nearly 80 percent ownership interest in the company, prompting debate…
Although insurance giant American International Group Inc. may be saved, with federal help, from having to file for bankruptcy, its troubled financial situation has made an already busy law firm…
Weil, Gotshal & Manges had a stroke of good fortune when its premier bankruptcy partner, Harvey Miller, returned last year after a five-year hiatus with the firm.
Turmoil on Wall Street has brought major business to a few well-known law firms, as Lehman Brothers sought bankruptcy protection and Merrill Lynch & Co. agreed to be purchased by…
The ABA Journal wants to host and facilitate conversations among lawyers about their profession. We are now accepting thoughtful, non-promotional articles and commentary by unpaid contributors.