Bankruptcy Law
1126 ABA Journal Bankruptcy Law articles.
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.
May 18, 2022 8:41 AM CDT
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:
…
May 6, 2022 4:25 PM CDT
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…
May 6, 2022 4:10 PM CDT
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.
Apr 1, 2022 9:59 AM CDT
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…
Mar 4, 2022 2:18 PM CST
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.
Feb 15, 2022 10:27 AM CST
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.
Feb 14, 2022 1:59 PM CST
BigLaw bankruptcy practices suffered a big downturn last year as fewer large companies sought bankruptcy protection.
Feb 14, 2022 8:46 AM CST
A Wisconsin lawyer can’t use bankruptcy to avoid an order to pay the costs of an ethics proceeding against him, a federal appeals court ruled Monday.
Feb 9, 2022 11:20 AM CST
A bankruptcy judge had no statutory authority to shield the Sackler family—which owns debtor Purdue Pharma—from civil lawsuits related to the drugmaker’s marketing of the opioid OxyContin, a federal judge ruled Thursday.
Dec 17, 2021 10:40 AM CST
New York City real estate lawyer Mitchell Kossoff is expected to plead guilty as soon as this week to allegations that he stole millions of dollars in clients’ escrow money.
Dec 7, 2021 3:00 PM CST
The former general counsel of the
defunct law firm LeClairRyan was sentenced to 44 months in prison in Richmond, Virginia, on Monday for lying to the U.S. Trustee Program while trying to thwart an investigation into his embezzlement of more than $4 million.
Nov 23, 2021 10:02 AM CST
A lawyer whose firm was forced into bankruptcy after clients complained about more than $8 million missing in escrow funds was held in civil contempt Tuesday for failing to turn over documents.
Nov 18, 2021 3:43 PM CST
A Chicago doctor has been ordered to show cause why he shouldn’t be held in contempt for allegedly showing his gun during a video bankruptcy hearing on Zoom.
Nov 15, 2021 8:56 AM CST
Bankruptcy trustees seeking to recover assets from the Girardi Keese law firm and name partner Tom Girardi aren't content to focus only on big-ticket items.
Oct 26, 2021 11:29 AM CDT
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