Some justices’ questions bordered on brutal when they hammered away at an argument by U.S. Supreme Court litigator Eric Brunstad Jr. in a court appearance last month, reports Mar 28, 2008 3:15 PM CDT
A critical report by a lawyer and former SEC official breaks new ground by blaming a Big Four accountant for a failed subprime mortgage lender’s “improper and imprudent practices,” and…
Citigroup has agreed to pay $1.66 billion to settle claims that it aided Enron’s downfall by setting up complex financial structures that hid and amplified the…
After seeing the value of one of the nation’s investment banking giants plummet disastrously virtually overnight this week, investors are now wondering about the safety of assets held in brokerage…
Enron employees who lost their retirement cash when the company collapsed were disappointed a second time when it was revealed that a company distributing a $218 million settlement payout got…
In a bit of good news for one of the nation’s largest mortgage lenders, which has been deluged lately with claims of abusive foreclosure practices, a federal judge in Texas…
When business is bad, business is good for bankruptcy lawyers. As more big businesses seek bankruptcy protection this year, more law firms are gearing up to handle the work.
Bankruptcy lawyers have started a letter-writing campaign in support of a judge who was wearing a cocktail dress when police arrested him on suspicion of…
In a highly unusual action, U.S. trustees in three states are seeking sanctions against Countrywide Financial Corp., contending that the major mortgage lender has abused the bankruptcy process by making…
Partner defections in the bankruptcy department at Weil, Gotshal & Manges highlight a disagreement in the firm about how its pre-eminent restructuring practice should be integrated with the rest of…
A pending congressional proposal to allow bankruptcy judges to reduce borrowers’ outstanding home mortgages is running into some strong opposition from lenders.
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