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