http://www.abajournal.com/news/ en Copyright 2013 2013-05-25T22:57:49-06:00 http://www.abajournal.com/news/article/bvideo_deweys_bankruptcy_lawyer_more_large_law_firms_will_fail/ While failed law firms make for notoriously difficult bankrupty cases, Dewey & LeBoeuf's time in bankruptcy court was quicker and easier than other notable law firms. Joe Samet, head of restructuring at Baker & McKenzie, and Al Togut, founding partner at Togut, Segal &… ABA Journal, Business of Law (Video), ABA Journal Production, Weekly Newsletter Stories, Bankruptcy Law, Business of Law, Law Practice Management, Law Firms, Large Firm Thu, 23 May 2013 10:40:44 -0500 44333.abajournal.com http://www.abajournal.com/news/article/jury_that_convicted_him_is_should_be_shot_says_girls_gone_wild_fou/ Updated: After being convicted of false imprisonment, Girls Gone Wild founder Joe Francis told the Hollywood Reporter that his jury was “retarded,” and should be killed. "I want that jury to know that each and every one of you are mentally f--ing retarded and you should be… Bankruptcy Law, Celebrities, Criminal Justice Wed, 22 May 2013 14:34:41 -0500 44305.abajournal.com http://www.abajournal.com/news/article/step_away_from_the_minibar_bankruptcy_lawyers_fees_and_expenses_face_increa/ Bankruptcy lawyers’ fees and expenses are coming under increased scrutiny as the U.S. Trustee Program readies new guidelines that are intended to further control bankruptcy costs in large cases. The proposed guidelines for lawyers in Chapter 11 cases are expected to be unveiled July 1, and they may include a… Bankruptcy Law, Business of Law, Law Practice Management, Law Firms Tue, 14 May 2013 05:39:28 -0500 44144.abajournal.com http://www.abajournal.com/news/article/bankruptcy_co-chairs_leap_from_cadwalader_to_omelveny_along_with_another_pa/ Three bankruptcy partners from Cadwalader Wickersham & Taft, including the co-chairs of the practice group, are headed to O'Melveny & Myers. In a Tuesday announcement, O'Melveny said that co-chairs John J. Rapisarsdi and George A. Davis would serve in the same role at their new firm, working out… Bankruptcy Law, Law Firms, Large Firm, Partners, International, Europe, United Kingdom, States, New York, Washington Tue, 07 May 2013 15:29:39 -0500 44076.abajournal.com http://www.abajournal.com/news/article/former_dewey_chairman_may_not_have_to_pay_entire_511k_settlement_it_depends/ Former Dewey & LeBoeuf chairman Steven Davis is getting some leeway in a proposed $511,000 settlement related to the law firm’s collapse. The proposed agreement to settle a mismanagement claim gives Davis six years to pay the money, and it’s contingent on his earnings, the… Bankruptcy Law, Law Firms, Large Firm, Partners, Trials & Litigation, Verdicts & Settlements Wed, 01 May 2013 08:43:55 -0500 43986.abajournal.com http://www.abajournal.com/magazine/article/attorneys_push_for_change_in_debt_collection/ Bankruptcy Law, Civil Procedure, Consumer Law, Contracts, Corporate Law, Criminal Justice, Criminal Procedure, Legislation & Lobbying, The National Pulse Wed, 01 May 2013 03:20:54 -0500 43794.abajournal.com http://www.abajournal.com/magazine/article/get_a_handle_on_student_loan_debt/ Bankruptcy Law, Careers, Law Students, Business of Law Wed, 01 May 2013 02:00:54 -0500 43758.abajournal.com http://www.abajournal.com/news/article/law_firms_latest_bill_for_madoff_liquidation_is_50m_bringing_total_since_hi/ Since December 2008, when Bernard Madoff was arrested in a record-breaking Ponzi scheme operated under the guise of an investment firm, Irving Picard and his law firm have been handling the liquidation for the Securities Investor Protection Corp. A filing in federal court in Manhattan shows the latest bill from… Bankruptcy Law, Securities Law, Trials & Litigation, Attorney Fees, 2nd Circuit Court, States, New York Tue, 30 Apr 2013 10:47:12 -0500 43970.abajournal.com http://www.abajournal.com/news/article/greenberg_traurig_agrees_to_settle_suit_claiming_it_contributed_to_chaotic_/ Greenberg Traurig has agreed to pay $4.9 million to settle a suit claiming the firm contributed to a “chaotic” wind down of Heller Ehrman. The deal still needs the approval of a bankruptcy judge, the Wall Street Journal Law Blog (sub. req.) reports. Greenberg Traurig spokeswoman Jill… Bankruptcy Law, Law Firms, Large Firm, Trials & Litigation, Verdicts & Settlements Tue, 30 Apr 2013 08:34:50 -0500 43967.abajournal.com http://www.abajournal.com/news/article/plan_to_have_kaye_scholer_give_up_1.5m_in_fees_to_settle_disclosure_case_is/ A planned settlement of a case over lack of disclosure by a law firm and others in a corporate bankruptcy case has been withdrawn without explanation by the feds. The settlement would have required Kaye Scholer to forgo $1.5 million in attorney fees in a Chapter 11 case and have… Bankruptcy Law, Law Firms, Large Firm, Partners, Trials & Litigation, Attorney Fees, Verdicts & Settlements, 2nd Circuit Court, States, New York Thu, 25 Apr 2013 10:58:24 -0500 43916.abajournal.com http://www.abajournal.com/news/article/kaye_scholer_gives_up_1.5m_in_chapter_11_fees_revamps_policy_to_end_trustee/ Kaye Scholer has agreed to give up $1.5 million in legal fees and revamp its policies and procedures concerning applications for bankruptcy work to settle a U.S. Trustee's office claim that the law firm failed to make necessary disclosures in a major Chapter 11 case. The settlement announced Monday in… Bankruptcy Law, Business of Law, Law Practice Management, Law Firms, Large Firm, Trials & Litigation, Attorney Fees, Verdicts & Settlements, 2nd Circuit Court, States, New York Tue, 23 Apr 2013 17:02:59 -0500 43880.abajournal.com http://www.abajournal.com/news/article/former_dewey_chairman_agrees_to_pay_more_than_500k_to_settle_mismanagement_/ Updated: Former Dewey & LeBoeuf chairman Steven Davis has agreed to pay $511,000 to settle a mismanagement claim related to the law firm’s collapse. The proposed settlement is between Davis, the trustee in the Dewey bankruptcy, and the liability insurer for Dewey's management, according to the Wall Street Journal Bankruptcy Law, Business of Law, Law Practice Management, Law Firms Tue, 23 Apr 2013 08:41:41 -0500 43864.abajournal.com http://www.abajournal.com/news/article/turnaround_guru_calls_for_cap_on_legal_fees_in_chapter_11_cases/ Fees should be capped for the lawyers who represent companies in Chapter 11 bankruptcies, and they should not be paid at all for pursuing "outlandish" theories, a turnaround guru told attendees at a Friday program. Speaking at a Maryland meeting of an American Bankruptcy Institute commission that is studying Chapter… Bankruptcy Law, Corporate Law, Trials & Litigation, Attorney Fees Mon, 22 Apr 2013 14:50:53 -0500 43852.abajournal.com http://www.abajournal.com/news/article/7th_circuit/ A "destitute" paralegal who has made reasonable efforts to repay her student loan debt is entitled to a bankruptcy discharge of the remaining $25,000 or so despite the fact that she never enrolled in a federal income-contingent repayment plan, a federal appeals court has ruled. Reinstating a bankruptcy court's determination… Appellate Practice, Bankruptcy Law, Careers, Law Firms, Paralegals, Trials & Litigation, Verdicts & Settlements, 7th Circuit Court Wed, 10 Apr 2013 13:20:26 -0500 43672.abajournal.com http://www.abajournal.com/news/article/4th_circuit/ A federal appeals court has reinstated the conviction of a North Carolina real estate closing attorney who faces a sentence of up to 25 years in a mortgage-fraud case. Convicted for her role in closing 210 transactions between 2000 and 2004, for which she received $235,000 in attorney fees, Victoria… Bankruptcy Law, Criminal Justice, White Collar Crime, Real Estate & Property Law, Trials & Litigation, Verdicts & Settlements, 4th Circuit Court, States, North Carolina Tue, 09 Apr 2013 16:04:05 -0500 43661.abajournal.com http://www.abajournal.com/news/article/howrey_trustee_sues_seven_more_law_firms/ Seven more law firms are facing clawback lawsuits filed as the bankruptcy trustee for Howrey seeks to recover fees earned by lawyers who jumped to the new firms and took Howrey cases with them. Bankruptcy trustee Allan Diamond filed the suits on Friday and says more are being planned, the… Bankruptcy Law, Business of Law, Law Practice Management, Law Firms, Trials & Litigation Mon, 08 Apr 2013 06:53:14 -0500 43626.abajournal.com http://www.abajournal.com/news/article/ex-client_sues_shearman_says_firm_didnt_warn_of_76m_pension_shortfall_befor/ A former client has sued Shearman & Sterling, contending that the law firm failed to warn him about $76 million in underfunded pension liability before a deal went through as part of a corporate reorganization plan concerning two of his companies. Newsprint magnate Peter Brant alleges that as a result… Bankruptcy Law, Corporate Law, Law Firms, Large Firm, Partners, Mergers & Acquisitions, Tort Law, Trials & Litigation, States, Connecticut Wed, 03 Apr 2013 16:37:40 -0500 43579.abajournal.com http://www.abajournal.com/news/article/judge_oks_record_stockton_bankruptcy_says_city_cant_otherwise_provide_servi/ In what is being billed as the biggest municipal bust ever, the city of Stockton, Calif., has been given a green light, over the objection of creditors, to go ahead with a bankruptcy case after a required 90-day mediation period. U.S. Bankruptcy Judge Christopher Klein ruled Monday that creditors did… Bankruptcy Law, Government Law, Trials & Litigation, Verdicts & Settlements, 9th Circuit Court, States, California Mon, 01 Apr 2013 17:33:21 -0500 43514.abajournal.com http://www.abajournal.com/news/article/baker_botts_gets_another_5.2m_in_litgation_over_142m_fee_award_in_6b_bankru/ After years of litigation, Baker Botts was awarded another $5.2 million in legal fees on Tuesday for defending its earlier $142 million fee award for representing a copper mining operation in a bankruptcy case. The law firm's representation of Asarco LLC was part of a long-running legal battle that began… Bankruptcy Law, Corporate Law, Energy Law, Law Firms, Trials & Litigation, Attorney Fees, Verdicts & Settlements, 5th Circuit Court, States, Texas Thu, 28 Mar 2013 13:13:32 -0500 43474.abajournal.com http://www.abajournal.com/news/article/lapd_to_get_long-ago_tapes_of_defense_lawyer_talks_with_convicted_charles_m/ After months of litigation and two court rulings, it looks like the Los Angeles Police Department may be on the verge of getting hold of long-ago taped conversations between a now-deceased Texas defense lawyer and a member of the notorious Charles Manson "family" convicted in multiple 1969 murders that terrorized… Bankruptcy Law, Criminal Justice, Sentencing/Post Conviction, Media & Communications Law, Trials & Litigation, Evidence, Verdicts & Settlements, 5th Circuit Court, States, California, Texas Tue, 26 Mar 2013 15:34:07 -0500 43444.abajournal.com