1145 ABA Journal Bankruptcy Law articles.
A federal judge in North Carolina has kicked a disgraced former prosecutor from a lawsuit brought by three wrongly accused Duke lacrosse players.
U.S. District Judge James A. Beaty ordered…
Jan 30, 2008 8:58 PM CST
A New York bankruptcy judge has refused to dismiss a trustee’s claims that a law firm and two of its lawyers participated in a scheme to hide the identity of…
Jan 30, 2008 1:31 PM CST
The FBI is investigating 14 companies in connection with the fallout in the subprime mortgage market.
The criminal inquiries will include a look at possible accounting fraud and insider trading,…
Jan 30, 2008 11:39 AM CST
Asbestos maker W.R. Grace is pursuing an unusual strategy in an effort to emerge from bankruptcy. The company wants the judge overseeing its reorganization to declare invalid many of the…
Jan 28, 2008 12:43 PM CST
Enron’s successor company is asking a federal judge to order the human resources firm Hewitt Associates to pay $9.15 million to cover an error in settlement payouts to former Enron…
Jan 25, 2008 1:12 PM CST
It wasn’t just Enron Corp. that was responsible for the massive fraud that wiped out the once-mighty energy trader, creditors contend. Nearly a dozen banks also participated, they argue. And,…
Jan 23, 2008 4:54 PM CST
Law firms often make lateral hires in January after the books have been closed for the previous year, and 2008 is no different.
Lawyers with practices in bankruptcy and corporate…
Jan 23, 2008 1:57 PM CST
O’Melveny & Myers says a discovery “mishap” is to blame for 700,000-plus missing e-mails in the bankruptcy of subprime lender New Century Financial Corp.
The law firm apologized for the…
Jan 23, 2008 12:46 PM CST
A growing tsunami of investigations, class actions and bankruptcies resulting from the U.S. mortgage meltdown has created a business boom in some BigLaw practice areas.
“Skadden, Arps, Slate, Meagher &…
Jan 18, 2008 9:48 PM CST
The punishment continues for a disbarred North Carolina prosecutor who lost his job and his law license after pursuing a meritless rape case against three members of the Duke University…
Jan 15, 2008 9:24 PM CST
Bankruptcy judges are criticizing the business practices of Countrywide Financial, part of the legal headaches that Bank of America Corp. will be taking on when it acquires the troubled lender.
…Jan 14, 2008 12:48 PM CST
The government probe and bankruptcy of subprime lender New Century Financial Corp. is translating into some big legal fees.
O’Melveny & Myers has earned more than $12.5 million in six…
Jan 11, 2008 1:19 PM CST
A subsidiary of American International Group Inc. has agreed to pay $42.5 million to clean up environmental contamination at four industrial facilities that had been owned by Fruit of the…
Jan 10, 2008 6:51 PM CST
A lawyer for a borrower being pursued by Countrywide Financial Corp. had a question: Why did a letter purportedly sent in September 2003 have an office address for him that…
Jan 8, 2008 5:44 PM CST
A bankruptcy trustee is recommending that Pillsbury Winthrop Shaw Pittman be forced to return about $4 million in fees to a former client because of an undisclosed conflict of interest.
…Dec 12, 2007 12:16 PM CST
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