Bankruptcy Law

1088 ABA Journal Bankruptcy Law articles.

After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds

Legal woes are mounting for Kossoff name partner Mitchell Kossoff, who is facing lawsuits from clients alleging the theft of millions of dollars in escrow funds and the resignations of multiple lawyers from his New York City real estate law firm.

Apr 20, 2021 12:02 PM CDT

Polsinelli’s commitment to diversity was ‘mere pretense,’ alleges gay ousted partner in bias suit

A former bankruptcy partner at Polsinelli claims that the firm denied him associate and administrative support, lowered his compensation, de-equitized his partnership, and replaced him with a younger, heterosexual woman, all because of his sexual orientation and age.

Apr 1, 2021 3:44 PM CDT

Afternoon Briefs: State supreme court limits use of bail; prosecutors in this state may face stricter discipline

California judges must consider defendant’s ability to pay when setting bail, ruling says

The California Supreme Court ruled Thursday that it is unconstitutional to keep criminal defendants behind bars simply…

Mar 26, 2021 3:14 PM CDT

Afternoon Briefs: Ex-lawyer sentenced for show-pony secrecy; DOJ drops suit over Melania Trump book

Ex-lawyer sentenced for failure to disclose ponies

A former Virginia lawyer has been sentenced to six months in prison for failing to disclose in a bankruptcy proceeding her family’s ownership…

Feb 9, 2021 4:43 PM CST

Cole Schotz settles suit against lawyer accused of revealing confidential documents in bid to injure BigLaw

A federal judge in New Jersey has dismissed Cole Schotz’s claims against a former bankruptcy associate whom it had accused of revealing two confidential law firm documents and threatening to disclose even more.

Feb 2, 2021 3:48 PM CST

Afternoon Briefs: BigLaw partner faces architect’s suit; Weinstein accusers will receive compensation

Suit claims Orrick partner didn’t fully pay for architect’s work

Orrick Herrington & Sutcliffe partner Jeannie Shin is facing a lawsuit by an architecture firm claiming that she illegally copied…

Jan 28, 2021 5:04 PM CST

Brown Rudnick settles $300M malpractice suit over bankruptcy representation

Brown Rudnick has settled a $300 million malpractice lawsuit alleging that it mishandled its work as a litigation trustee in the 2009 bankruptcy of chemical company LyondellBasell.

Jan 28, 2021 10:22 AM CST

Afternoon Briefs: Lawyers seek Rudy Giuliani’s suspension; scholars support post-presidency impeachment power

Dozens of high-profile lawyers seek Rudy Giuliani’s suspension

Dozens of high-profile lawyers have signed a letter to New York disciplinary authorities calling for an ethics investigation and interim suspension of…

Jan 22, 2021 3:07 PM CST

Afternoon Briefs: NRA files for bankruptcy; Boies Schiller partner is arrested

NRA files for bankruptcy, plans Texas move

The National Rifle Association announced Friday that it is filing for bankruptcy, leaving New York and moving to Texas to reincorporate there as…

Jan 19, 2021 4:44 PM CST

Afternoon Briefs: Google hit with third antitrust suit; more troubles for Girardi Keese

Google is hit with third antitrust lawsuit

Google is facing a third lawsuit that alleges anti-competitive conduct. The new suit—filed Thursday by 35 states, along with Puerto Rico, Guam and…

Dec 17, 2020 4:51 PM CST

Sanctions upheld for lawyer who included an original haiku in filing and cited Bugs Bunny

A federal appeals court has upheld sanctions imposed on a lawyer who filed “lengthy and superfluous filings” in a dispute with his brother, including a brief that was “littered with exclamation points and rants.”

Dec 16, 2020 11:39 AM CST

Afternoon Briefs: Another Trump campaign loss in court; donor sues to get back $2.5M

Top Pennsylvania court tosses challenge to mail-in ballot law

Republican plaintiffs waited too long to file a lawsuit challenging a 2019 Pennsylvania law that allowed no-excuse mail-in voting, the Pennsylvania…

Nov 30, 2020 4:17 PM CST

Former general counsel of LeClairRyan agrees to disbarment

Bruce Matson, the former general counsel of the disbanded law firm LeClairRyan, has been disbarred in Virginia after he was accused of misappropriating money from a bankruptcy trust account.

Nov 19, 2020 3:18 PM CST

Afternoon Briefs: Bankruptcy judge OKs opioid deal; judge bans immigration arrests at some courts

Bankruptcy judge approves opioid deal

U.S. Bankruptcy Judge Robert Drain in New York has approved a settlement between the government and Purdue Pharma, a maker of OxyContin, to resolve…

Nov 18, 2020 4:17 PM CST

Bankruptcy filings decreased by 21% in the past year, but trouble might lie ahead

Bankruptcy filings decreased by 21.1% in the year ending Sept. 30, largely driven by a decrease in nonbusiness bankruptcies.

Nov 3, 2020 1:56 PM CST

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