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Delays Could Cost Mirant $1.15M
Judge D. Michael Lynn in U.S. Bankruptcy Court for the Northern District of Texas in Fort Worth has granted Mirant Corp. an extension on its exit financing until Oct. 2, according to Eric Taube, co-counsel for the official equity committee at Hohmann, Taube & Summer. But the delay will come at a price. Mirant could pay an extra $1.15 million in fees to cover the fifth postponement of a hearing for the $2.35 billion exit loan.Fee Enhancement Limits Don't Extend to Bankruptcy, Fifth Circuit Rules
A recent appellate holding that bankruptcy cases aren't governed by a U.S. Supreme Court ruling limiting district courts' fee enhancement power could help lawyers seek bonus fees when they get good results for creditors.Fee enhancement limits don't extend to bankruptcy, Fifth Circuit rules
A recent appellate holding that bankruptcy cases aren't governed by a U.S. Supreme Court ruling limiting district courts' fee enhancement power will help lawyers seek bonus fees when they get good results for creditors, according to practitioners who reviewed the opinion.NEW YORK COUNTY Supreme Court APPEARANCES: For Plaintiff: Guararra & Zaitz By Michael Guararra Michael M. Zaitz For Defendants United
District Judge Denny Chin U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances: Attorneys for Plaintiff Securities and Exchange Commission: Alistaire Bam
Bankruptcy Judge Stuart M. Bernstein U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Schulte Roth & Zabel LLP Attorneys for the Debtor New Yor
Norton Rose Fulbright Joins Ranks of the Legal Giants
As the merger between London-based Norton Rose and Am Law 100 stalwart Fulbright & Jaworski officially went live on Monday, The Am Law Daily looks back to The American Lawyer's Am Law 100 list from 1999—just before Clifford Chance clinched the first large transatlantic tie-up with Rogers & Wells—to see which U.S. firms chose to expand abroad by staking out a merger partner in London.Power Company Calpine Files Year's Largest Bankruptcy
Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
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