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Lawyers Face Fraud Probe Over Roles in BP Spill Claims
A federal judge overseeing the Deepwater Horizon litigation has found no evidence that conflicts of interest tainted the claims process in the $9.6 billion settlement, but ordered four lawyers to explain why they should not be disqualified from representing oil spill victims.
Wynn Resorts Lawyers Accidentally Divulge Info in SEC Filing
Lawyers from Skadden, Arps, Slate, Meagher & Flom took the blame for an accidental SEC filing that disclosed details about Steve Wynn's planned lease for a new resort in the offshore Asian gambling hub of Macau.Banking on 'Implied Immunity' From the Antitrust Laws
In an attempt to avoid antitrust liability for their activities relating to the ill-fated dot-com IPO boom, several leading investment banks have asked a Manhattan federal judge to dismiss a consolidated class action brought by purchasers of technology IPO offerings. The companies claim in part that they enjoy "implied immunity" from the federal antitrust laws for the actions alleged, pinning their hopes on two recent 2nd Circuit decisions that pushed the boundaries of the immunity doctrine.
Bankruptcy Cools Off for Businesses and Lawyers
Fewer businesses filed for bankruptcy protection during 2011 than they did the year before, reflecting a shift toward out-of-court restructurings. With filings down, bankruptcy practices are living off their existing cases.Analysis: How to Improve Legal Education
In the current economy and legal market, firms are under pressure to deliver more value for less. One way for firms to deliver more is if they get associates who are ready to hit the ground running, say Jason Solomon and Nancy Rapoport. But with clients unwilling to pay for new associate training, where will new lawyers get the training they need? The authors says U.S. News & World Report's annual rankings may hold the key.
Bankruptcy cools off for businesses and lawyers
Business bankruptcy filings dropped last year, and experts expect the slowdown to continue this year.
Fontainebleau contractors to be paid ahead of lender
Contractors seeking to be paid in the wake of the bankruptcy of the Fontainebleau Las Vegas casino resort won a partial victory in court.
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