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GOP senators question quick action on judicial nominee
Senate Republicans on Wednesday questioned the speedy confirmation process for Michigan Court of Appeals Judge Helene White, who was chosen by President Bush last month as part of a compromise to address several judicial vacancies.A Wakeup Call for Secured Creditors and Distressed Investors
Martin Zohn and Joshua Thompson, parters at Proskauer Rose, write that secured creditors and asset purchasers in sales under §363 of the Bankruptcy Code received an ominous wakeup call recently in the form of a decision from a respected Bankruptcy Appellate Panel in the U.S. Court of Appeals for the Ninth Circuit. Prior to this decision, they note, the speed and flexibility of a 363 sale "free and clear of liens" had made it the procedure of choice in many ditressed situations, supplanting secured creditor foreclosures under state law and Chapter 11 plans of reorganization.Jury Finds Lay Guilty on Six Counts, Skilling on 19
A federal court jury in Houston Thursday morning found former Enron Corp. Chairman Kenneth Lay guilty of all six charges against him and former Chief Executive Officer Jeffrey Skilling guilty on 19 out of 28 charges that he faced. Jurors found Skilling not guilty of nine insider-trading charges against him.Solo Punished for Paying Paralegal a Percentage of Fees
After practicing law in New Jersey for 57 years, Martin Burger learned something new: You can be reprimanded by the state Supreme Court for paying paralegals a percentage of fees on cases they bring in. He also learned the punishment could have been worse. In an order made public on March 5, the justices adopted the Disciplinary Review Board's finding that Burger capitalized on paralegal Lita Biederman's contacts in the Filipino community to generate immigration cases.View more book results for the query "*"
Judge OKs Davis Settlement in Dewey Bankruptcy
Just over a year after Dewey & LeBoeuf capped the largest firm failure in history by filing for Chapter 11 protection, a U.S. bankruptcy judge in Manhattan has approved a $19.5 million settlement of mismanagement claims between Dewey's liquidating trustee, former chairman Steven Davis, and the firm's professional liability insurer. The settlement's approval comes as some former Dewey partners have begun making their way back onto the lateral market.Hirshberg v. Molinelli, PICS Case No. 12-1227 (C.P. Monroe April 4, 2012) Zulick, J. (14 pages).
Plaintiff may amend his complaint to provide more specificity regarding potential monetary damages and his theory regarding constructive trust in this action regarding the partition of property. Preliminary objections sustained in part and overruled in part.Washington Fast Becoming Neutral Territory
Demand for alternative dispute resolution services in Washington, D.C., has shot up in recent years, as the federal government and local companies increasingly turn to arbitrators and mediators to resolve legal disputes.Freehills Hires Melbourne Antitrust Partner
Sydney-based Freehills has hired Melbourne antitrust partner Daniel Preston from Blake Dawson, where he has practiced for more than a decade.Trending Stories
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