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…
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…
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,…
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.
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.
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…
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.
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…
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…
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.
Apparently unsuccessful in an effort to contest a $342,000 legal bill in court, the owners of a bankrupt construction company have taken their complaints over the way a big Buffalo,…
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