ABA Journal

Bankruptcy Law

1133 ABA Journal Bankruptcy Law articles.

Disbarred lawyer Tom Girardi’s auction items included Persian rugs, bronze statues, holographic Pokémon card

A court-ordered auction of items from disbarred lawyer Tom Girardi’s California mansion yielded nearly $500,000 that will be used to help pay creditors in the bankruptcy of his personal estate.

Litigation lenders bankrolled Tom Girardi despite his apparent ‘proclivities’ for stealing from clients, suit says

In ‘Perry Mason moment,’ lawyer impeaches Infowars host Alex Jones with texts mistakenly sent by opposing counsel

Updated: A lawyer for the parents of a child killed in the 2012 Sandy Hook shooting massacre in Newtown, Connecticut, confronted Infowars host Alex Jones on Wednesday with information from texts said to be mistakenly sent by Jones’ lawyers.

Gaming the System? Inside the ‘Texas two-step’ strategy profitable companies use to file for bankruptcy

In recent years, Purdue Pharma, USA Gymnastics and Boy Scouts of America have filed for Chapter 11 bankruptcy to avoid civil liability. But it is J&J’s use of a 1989 Texas statute on divisive mergers that is facing scrutiny in federal courts and in Congress.

Taking on unauthorized practice of law regulations to expand access to justice

A professor talks to the ABA Journal’s Victor Li about New York-based company Upsolve’s lawsuit regarding UPL rules and access-to-justice issues in general.

Stroock is in a ‘precarious position’ after loss of bankruptcy group; is a merger needed?

Stroock & Stroock & Lavan is in a “precarious position” following the loss of one of its two crown jewels—its bankruptcy and restructuring group—to Paul Hastings this spring, according to an analysis by Law.com.

BigLaw partner’s hourly billing rate of nearly $2,500 draws objection from bankruptcy trustee

A U.S. bankruptcy trustee is objecting to the hiring of a Hogan Lovells partner who would charge nearly $2,500 per hour to handle appeals in the Chapter 11 case of a Johnson & Johnson subsidiary.

LeClairRyan trustee agrees to $21M settlement with company accused of contributing to losses

The bankruptcy trustee for LeClairRyan has reached a $21 million settlement with the company that she accused of helping to further plunge the law firm into insolvency.

Weekly Briefs: SCOTUS to hear case on nursing home suits; Trump’s business to pay $750K to settle suit

SCOTUS agrees to hear 3 new cases

The U.S. Supreme Court on Monday agreed to hear cases on overtime pay, nursing home lawsuits and erased bankruptcy debt. The cases are:

Former Paul Ewing paralegal pleads not guilty to embezzling more than $600K

A former paralegal at Saul Ewing Arnstein & Lehr in Chicago has pleaded not guilty to allegations that she embezzled more than $600,000 while working on bankruptcy matters at the…

43 restructuring lawyers jump from this law firm to Paul Hastings

Forty-three restructuring lawyers, including 18 partners, are leaving Stroock & Stroock & Lavan to join Paul Hastings in what is one of the largest lateral group moves of the 21st century.

Weekly Briefs: Summer associates see higher offer rates; judge won’t dissolve NRA

Offer rates climb for summer associates

Offer rates for summer associate spots last year reached their highest mark since 2007, according to a report released Tuesday by the National Association…

Hertz can’t hide number of police reports filed against customers, judge rules

A bankruptcy judge in Delaware ruled last week that car rental company Hertz can’t seal information on the number of police reports that it filed against customers.

Lawyers in 2 states sanctioned over association with national bankruptcy law firm

Updated: Lawyers in Iowa and Virginia have been sanctioned for their association with a national bankruptcy law firm accused of using high-pressure tactics to sign up clients.

2021 was one of the worst years in decades for BigLaw bankruptcy practices

BigLaw bankruptcy practices suffered a big downturn last year as fewer large companies sought bankruptcy protection.

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