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Ruling Makes Bankruptcy Suits Harder
A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct claims for breach of fiduciary duty against its directors.Firm-by-firm sampling of billing rates nationwide
The National Law Journalasked the respondents to its 2006 survey of the nation's 250 largest law firms to provide a range of hourly billing rates for partners and associates.The Bankruptcy Files: Arctic Glacier's Chill, Grubb & Ellis Seeks Sale, and Fuller Brush Fades
Howrey Trustee Moves to Squash Proposed Class Action Targeting Former Firm Partners
Law Firms Step Up Gay-Hiring Initiatives
Recruiting lesbian, gay, bisexual and transgender attorneys is a big part of the initiatives launched by law firms to build diversity, though the conservative nature of large firms has kept those lawyers away. But with law school enrollment down, tapping into the talent pool of LGBT lawyers makes good business sense. Creating an environment where attorneys are comfortable being open is key to retention and recruitment, says King & Spalding partner Scott Eckas, who serves on the firm's diversity committee.Ruling Makes Bankruptcy Suits Harder
A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct claims for breach of fiduciary duty against its directors.Trending Stories
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