Although insurance giant American International Group Inc. may be saved, with federal help, from having to file for bankruptcy, its troubled financial situation has made an already busy law firm…
The second-most junior bankruptcy judge in Manhattan will be handling the Lehman Brothers bankruptcy, but that doesn’t mean he can’t handle the job, says a lawyer who will be appearing…
Weil, Gotshal & Manges had a stroke of good fortune when its premier bankruptcy partner, Harvey Miller, returned last year after a five-year hiatus with the firm.
The trustee in the Lehman Brothers bankruptcy will likely have to make an effort to “chase people down” who owe money in credit default swaps, a type of insurance policy…
Turmoil on Wall Street has brought major business to a few well-known law firms, as Lehman Brothers sought bankruptcy protection and Merrill Lynch & Co. agreed to be purchased by…
A federal bankruptcy judge in Las Vegas has written three “take-no-prisoners” opinions reprimanding lawyers who appeared before him for what he perceived to be ethical missteps, according to a Las…
Lehman Brothers has filed for bankruptcy after round-the-clock negotiations failed over the weekend and the last potential buyer, Barclays PLC, withdrew its bid.
Smith, Gambrell & Russell has answered an $80 million bankruptcy trustee’s malpractice complaint by quoting an opinion by Judge Frank Easterbrook questioning the litigation judgment of some bankruptcy trustees.
A federal appeals court has ruled the doctrine of equitable mootness does not protect $500,000 in legal fees paid to Dallas-based Winstead for work it performed in a Chapter 11…
A federal appeals court has struck down a provision in the 2005 federal bankruptcy law that bars lawyers from advising clients to take on more debt before filing for bankruptcy.
In a sign of the economically troubled times, a struggling department store chain has sued its former owners over its 2004 sale, contending that they improperly stripped it of its…
Individuals who file for bankruptcy are at a disadvantage for a dozen years in terms of savings and even longer in terms of net worth and home ownership, according to…
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.