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There's nothing unusual about judges awarding attorneys' fees to the winning side in certain types of cases. But in a bitter dispute between the Internet entrepreneur Halsey Minor and the auction house Christie's, both sides have been awarded fees--and Christie's has gotten a lot more for its Skadden counsel, even though, by most standards, it lost the trial.
The hotly anticipated trial hasn't exactly been going gangbusters for Lehman, its creditors, and the bankruptcy trustee. They're trying to show Barclays conspired to realize an $11 billion windfall in the September 2008 purchase of Lehman's brokerage assets, but witnesses have testified more about confusion and chaos than about conspiracy. Thursday was a good day for the plaintiffs, though.
Remember when JPMorgan Chase dropped Linklaters after the firm agreed to represent Barclays in a suit against Bear Stearns? Looks like Linklaters lost Morgan as a client for nothing: Barclays has dropped the Bear Stearns suit, which involved subprime-related hedge fund losses.
In what appears to be the first decision to address a controversial interpretation of the high court's landmark securities decision, a federal judge rejected plaintiffs' arguments that investors who purchased shares abroad could still bring claims in the U.S.
164 Mulberry St. Corp. v. Columbia University
Claims Against Professor Who Falsely Claimed He Was Poisoned by Restaurants May ProceedThings are heating up in the Lehman bankruptcy. For the first time since a trio of suits accused Barclays of conspiring to deceive Lehman and its creditors, the bank has filed a response. Plus: the fight over privileged documents continues.
Cite as: Quezada v. Smith, 10-2738-op, NYLJ 1202473801504, at *1 (2d. Cir., Decided October 21, 2010)Before: Newman and Hall, C.JJ., and Restani,* Ch.J.p c
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