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December 13, 2004 |

A 'perfect storm' for pension suits?

Attorneys are doing well with the unfortunate outcomes for employees of companies trying to endure bankruptcies and scandals.
8 minute read
December 03, 2008 |

Summers, Geithner have baggage, not fatal flaws

Lawrence Summers is a brilliant, sometimes arrogant economist who can be hard to work with. Timothy Geithner, whose sharp mind has been honed by five years of dealing with the heads of the world's largest financial institutions, got his job as president of the New York Federal Reserve Bank partly because he is easy to work with.
5 minute read
September 28, 2009 |

Protection for Shareholder Payments in LBOs Gone Bad

Lisa M. Schweitzer, a partner with Cleary Gottlieb Steen & Hamilton, and Luke A. Barefoot, an associate, write that when a company acquired in an LBO faces an inability to sustain its debt load or other business conditions push it to seek bankruptcy protection, debtors may review the LBO transaction to determine whether the payments made to shareholders, and debt incurred, may be avoided under federal and state fraudulent conveyance theories based on an argument that the company received less than reasonably equivalent value in exchange. The success of such challenges, they say, often initially turns on the applicability of the safe harbor for securities transactions provided by �546(e) of the Bankruptcy Code.
12 minute read
August 25, 2009 |

Corrupt culture may be ticket to light sentence

Imagine Tony Soprano getting convicted and given a shorter prison sentence because he worked in a criminal environment. That would be getting it backward. A federal judge implied last week he may go easy on two brokers convicted of securities fraud because they worked within a "culture of corruption." He wasn't talking northern New Jersey.
4 minute read
October 17, 2002 |

Big Public Energy Partnership in Big State of Texas

Houston-based Enterprise Products Partners is one of the largest publicly traded energy partnerships in North America. Enterprise has been involved in more than $1.4 billion in investments and acquisitions this year. Not surprisingly, Richard H. Bachmann, the company's chief legal officer, has been incredibly busy. Bachmann and Enterprise's CEO describe their working relationship.
9 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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May 27, 2009 |

Housing nears bottom with no quick bounce

The slump in the U.S. housing market that caused the median value of homes to decline 24 percent since 2006 may bottom next month without any prospect of a rebound for another year, according to estimates from chief economists at Fannie Mae and Freddie Mac, the Mortgage Bankers Association and national realtors and homebuilder groups.
7 minute read
March 20, 2006 |

VERDICTS & SETTLEMENTS

BREACH OF CONTRACT
4 minute read
September 23, 1999 |

Up In Smoke

The tobacco industry may have celebrated prematurely a few weeks ago, when it won a major victory in the Miami class-action suit brought by smokers who claim cigarettes made them ill. A three-judge panel of a Florida Appellate court had ruled that damages in the case must be considered one smoker at a time, ending the risk of a huge punitive damage award. On Friday, the court tossed out the order. After hearing oral arguments, the appeals court will issue a new ruling on Sept. 30.
3 minute read
May 04, 2009 |

UCJF Not Available to Passengers of Bare-Bones Automobile-Policy Holders

The limited personal injury benefits under "dollar-a-day" auto policies are not the equivalent of having no benefits for purposes of recourse to the Unsatisfied Claim and Judgment Fund, the state Supreme Court rules.
4 minute read
March 11, 2013 |

VERDICTS & SETTLEMENTS

6 minute read

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