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Brazil's Emergence as a 'Major Player' Spurs Growing Investment by Law Firms
Chapter 11 Creditors Can't Sue for Avoidance of Fraudulent Transfers
The 3rd U.S. Circuit Court of Appeals invalidated a widely used mechanism by which Chapter 11 creditors could, with bankruptcy court permission, sue to avoid fraudulent transfers. The court affirmed a finding that creditors are not proper parties to bring avoidance claims under 11 U.S.C. 544(b). The ruling makes the 3rd Circuit the first to disallow such suits, which are lodged when debtors fail to bring avoidance claims.Hedge Fund Pursues IPO Despite Tax Issue
New York hedge fund manager Och-Ziff Capital Management Group LLC filed to go public Monday, saying it hopes to raise as much as $2 billion. Och-Ziff's decision to pursue an IPO suggests that tax changes proposed in Congress last month for hedge and private equity funds may not deter more of them from going public.9th Circuit Invites Additional Briefing on Former Broadcom Exec's Privilege Claim
The 9th Circuit on Tuesday invited outside parties to weigh in regarding whether William Ruehle, the former chief financial officer of Broadcom Corp., should have assumed that statements he made to company lawyers during an internal investigation into stock options backdating were protected by the attorney-client privilege. During oral arguments, a three-judge panel concluded that the issue was important enough to warrant additional input from parties including the American Bar Association.Two tech-savvy federal judges are sending different messages on the standard for permanent injunctions in patent cases. While Judge Lucy Koh denied Apple's request for a ban on Samsung sales in Decemer, on Thursday Magistrate Judge Paul Grewal entered a permanent injunction sought by Brocade against rival A10 Networks.
Top Firm Leaders Discuss How to Win the Battle for Lateral Partners
On Dec. 14, National Law Journal editor in chief David Brown discussed the current state of the lateral market with Lynn Mestel, one of the nation's most prominent legal recruiters, and with the chairs of three top firms -- J. Warren Gorrell of Hogan & Hartson, R. Bruce McLean of Akin Gump Strauss Hauer & Feld and Thomas Milch of Arnold & Porter.Trending Stories
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