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Asia Deal Digest: August 15, 2013
* Skadden guides U.S. auto parts maker on $1.25 billion China JV exit* Allen & Gledhill on $906 million Singapore hotel buy* Firms feast on Domino's Pizza Japan takeoverThe Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case
Sidley Austin's work advising the Tribune Company through four years of Chapter 11 proceedings that ended last month have generated more than $100 million in fees and expenses for the firm. In addition to Sidley's fees, The Am Law Daily also catches up on the firms behind more recent filings for the likes of Big M, Edison Mission Energy, LodgeNet Interactive, and THQ.Attorney Fees: To Advance or Not to Advance?
Most companies promise to advance attorney fees and litigation expenses to executives who face criminal or civil litigation and to indemnify such executives. But is there a point at which a company does not have an obligation to advance defense attorney fees to admitted or proven wrongdoers? Is there a point at which defense costs become unreasonably excessive? Attorney Robert J. Giuffra Jr. addresses such issues concerning the advancement of attorney fees to current and former corporate executives.Co-lead plaintiffs counsel Michael Hausfeld of Hausfeld LLP says plaintiffs have now recovered more than $433.9 million from 11 defendants in the litigation.
Attorney Fees: To Advance or Not to Advance?
Most companies promise to advance attorney fees and litigation expenses to executives who face criminal or civil litigation and to indemnify such executives. But is there a point at which a company does not have an obligation to advance defense attorney fees to admitted or proven wrongdoers? Is there a point at which defense costs become unreasonably excessive? Attorney Robert J. Giuffra Jr. addresses such issues concerning the advancement of attorney fees to current and former corporate executives.Arbitration Scorecard 2013: Contract Disputes
Contract arbitrations active in 2011–12 in which at least $500 million was in dispute.Trending Stories
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