ABA Journal

Corporate Law

2771 ABA Journal Corporate Law articles.

Weekly Briefs: DOJ opposes Purdue Pharma bankruptcy deal; California bill bans ‘stealthing’

DOJ seeks to stop Purdue Pharma bankruptcy plan

The U.S. trustee for the Justice Department has filed a motion to halt a judge’s approval of a controversial bankruptcy plan for…

Suppliers of unwashed poppy seeds face suits over overdose deaths and injuries

Lawsuits are being filed around the country on behalf of people who brewed tea with unwashed poppy seeds in search of a home remedy for anxiety, arthritis or diarrhea.

Jenner & Block settles with landlord in dispute over rent payments during pandemic

Jenner & Block has settled a rent dispute with the landlord for its Chicago building that stemmed from unused office space during the COVID-19 pandemic.

Agreement giving lawyers ‘sole discretion’ to settle client’s case violates ethics rules, appeals court says

A California appeals court has voided a provision in a contingent-fee agreement that gave personal injury lawyers the “sole discretion” to settle a client’s case.

Was your turkey raised by ‘independent family farmers’? Activists increasingly target food claims

An increasing number of class action lawsuits are being filed against the food and beverage industry as activists challenge corporate claims about their humane and sustainable practices.

Limit on food distribution to homeless people in parks violates First Amendment, 11th Circuit rules

A federal appeals court on Tuesday sided with a nonprofit organization that provides free food to homeless people in a park in Fort Lauderdale, Florida, finding that a city rule that limits the practice is unconstitutional.

Law firms team up to encourage racial equity and economic mobility in the Carolinas

Two dozen BigLaw, regional and local law firms have joined together to form the Carolinas Social Impact Initiative, a new effort that seeks to tackle systemic racism in the region.

Judge approves Purdue Pharma bankruptcy plan that provides immunity to Sackler family members

A federal bankruptcy judge conditionally approved on Wednesday a settlement that dissolves Purdue Pharma and directs the company’s owners, members of the Sackler family, to turn over $4.5 billion through roughly the next decade.

LeClairRyan bankruptcy trustee targets firm co-founder, compares firm to movie ‘Weekend at Bernie’s’

LeClairRyan’s bankruptcy trustee has added claims against firm co-founder and former CEO Gary LeClair in an amended complaint filed Wednesday.

Appeals court vacates $1,000-per-day sanction against BigLaw lawyer

The Illinois Appellate Court's Second District has vacated a $1,000-per-day sanction imposed against a Winston & Strawn lawyer who refused to turn over emails in discovery in expectation of a contempt order that would allow for an appeal.

Deloitte is monitoring changes to law firm ownership rules, but isn’t planning to begin law practice here

Deloitte isn’t ready to enter the practice of law in the United States, despite changes to law firm ownership rules in some states, according to a leader of the accounting firm.

Index of law firm profitability jumps to record high after unusual pandemic year

An index that measures the profitability of large law firms reached record highs in the second quarter, bolstered by big jumps from an unusual 2020 during the COVID-19 pandemic.

5th Circuit rules for ‘The Hammer’ in lawyer’s trademark suit over purloined keywords and click-to-call ads

A Texas lawyer should get a chance to prove that consumers who entered his trademarked keywords in search engines were confused when they saw unlabeled advertisements, clicked on them, and found themselves calling a number that belonged to a legal referral group, a federal appeals court has ruled.

‘Undue hardship’ is too strict a standard to discharge student loans in bankruptcy, ABA argues

The House of Delegates passed a resolution at the ABA Hybrid Annual Meeting on Tuesday urging Congress to amend the U.S. Bankruptcy Code to allow borrowers to discharge student loans without proving that repayment of the debt imposes an “undue hardship” on them or their dependents.

Police want to speak with disgruntled client after divorce lawyer is killed

Police are investigating the killing of a New York divorce lawyer found dead in his New York City office Thursday.

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