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Ex-GC Alleges McAfee Used Him as 'Shield' to Protect Its CEO, Directors
Corporate Counsel
Friday, September 18, 2009
The stock option backdating saga at McAfee Inc., isn't over. On Sept. 16, former general counsel Kent Roberts sued the software maker for defamation. He claims McAfee made him the scapegoat for a federal probe into backdating at the company. Roberts says that as a result, he hasn't been able to find another full-time job.
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Daimler Says 'Nein' to Susman Godfrey in Chrysler Bankruptcy
The American Lawyer
Wednesday, August 26, 2009
Chrysler's creditors committee petitioned the bankruptcy court to hire Susman Godfrey and Dallas bankruptcy boutique Stutzman, Bromberg, Esserman & Plifka as special counsel for their suit against Daimler. But in objecting to the hiring of the two firms as special counsel, Daimler's lawyers reveal a few quibbles with the proposed retention agreement.
5th Circuit Addresses Projected Disposable Income in Chapter 13s
Texas Lawyer
Monday, July 27, 2009
The 5th U.S. Circuit Court of Appeals has determined how "projected disposable income" is to be calculated in Chapter 13 bankruptcies, an important ruling that could mean debtors pay more or less to their unsecured creditors in some instances. The case, Nowlin v. Peak, involves an issue of first impression in the 5th Circuit concerning a common problem in Chapter 13 bankruptcy proceedings.
The Boom Bust
Texas Lawyer
Monday, April 13, 2009
With the nation's unemployment rate hitting 8.5 percent in March, a level not seen in more than 25 years, and crude oil prices in the doldrums, it's not surprising that bankruptcy lawyers in Texas — like Joseph Martinec (pictured) — are busier than they have been in years.
A Worrisome Opinion on Perfection of Liens
Texas Lawyer
Monday, April 13, 2009
A recent decision by a Texas bankruptcy court — holding that the assignee of a lien against property subject to the Texas Certificate of Title Act (COTA) must obtain a new certificate of title to perfect its assigned security interest — has caused a considerable stir in the world of securitizations, but Texas lawyers should know that its effects are likely to reverberate well beyond the world of structured finance.
Career Advice to Consider Before Starting a New Chapter
Texas Lawyer
Monday, April 13, 2009
In these times of economic woe, some Texas attorneys probably are wondering how difficult it would be for them to start practicing bankruptcy law. Before jumping into the world of adequate protection payments, §341 meetings and everything else found in Title 11 of the U.S. Code, here is some advice.
