An error by attorneys that rendered a $1.5 billion secured loan to General Motors unsecured has led one loan participant to sue JPMorgan Chase Bank and its counsel, Simpson Thacher & Bartlett, for negligence.
The American Bar Association's House of Delegates voted overwhelmingly Monday to discourage attorney-licensing authorities from investigating would-be lawyers' mental health backgrounds during their character-and-fitness reviews.
Criminal-defense lawyer Vivian King said that the prosecutor, Joel Daniels, has filed a motion to dismiss the felony charges against Rep. Ron Reynolds, D-Missouri City, and he will refile the case to allege misdemeanor charges instead.
In a recent decision in the bankruptcy case In re Trump Entertainment Resorts, Inc., the United States Bankruptcy Court for the District of Delaware ruled that the automatic stay in bankruptcy was inapplicable to, and, accordingly, did not bar a labor union from contacting the bankrupt casino hotel’s customers and potential customers and discouraging them from doing business with the casino hotel. In reaching its decision, the court determined that the federal Norris-LaGuardia Act trumps the stay, which is automatically triggered upon the filing of a bankruptcy case.
"This is a case involving violations of a lawyer's professional duties in a series of representations," claimed the plaintiffs. "The work performed by Mr. [Jason] Spencer was far below the standard of care."