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February 07, 2020 | New York Law Journal

'Residual Hearsay' Exception: Recent Changes Bring More Muscle

In his Complex Litigation column, Michael Hoenig discusses the hearsay rule and some of its exceptions, particularly focusing on the newly revised revised Rule 807, which is now seemingly more muscular than the old rule and may go from rare use to a thriving battlefront.
9 minute read
February 13, 2018 | New York Law Journal

Profits Soar at Cadwalader as Revenue and Head Count Decline

At Cadwalader, which welcomed back two key partners this month, a smaller partnership saw profits climb almost 19 percent in 2017.
6 minute read
June 22, 2017 | The American Lawyer

Caesars Bankruptcy Still Paying Out to Three Big Firms

A U.S. bankruptcy judge in Chicago recently approved payments to Kirkland, Jones Day and Proskauer Rose in the Chapter 11 case of casino and hotel giant Caesars Entertainment. The bankruptcy, winding down after nearly two years of proceedings, has brought more than $125 million collectively into those three firms' coffers.
17 minute read
January 30, 2017 |

Upping the Ante for Casinos and Cardrooms

Half of FinCEN's 2016 enforcement actions were brought against companies in the gaming industry.
10 minute read
January 05, 2017 |

With $150M and Counting in Big Law Bills, Caesars Bankruptcy Approaches Finish Line

The clock is ticking on a lucrative piece of work for lawyers at Jones Day, Kirkland & Ellis and Proskauer Rose as the $18 billion bankruptcy of Caesars Entertainment Corp.'s operating arm approaches a possible end.
32 minute read
January 04, 2017 |

With $150M and Counting in Big Law Bills, Caesars Bankruptcy Approaches Finish Line

Lawyers from four top Am Law 100 firms are nearing the end of the marathon—and highly lucrative—bankruptcy involving the operating arm of Caesars Entertainment Corp. After a tumultuous hearing in Chicago that briefly threatened to prolong the case, a judge set the stage for a confirmation hearing later this month.
31 minute read
September 27, 2016 |

Caesars Deal Means End of Fee Frenzy for Bankruptcy Lawyers

A $5 billion agreement resolves billions of dollars in potential damage claims by disgruntled creditors, and brings the bankruptcy, which has spun off as much as $200 million in legal fees to a group of firms, a giant step closer to an end.
46 minute read
August 01, 2016 |

Money Laundering Case Highlights ABA Stance on Lawyers' Obligations

After money launderers were accused recently of using major U.S. law firms to move hundreds of millions of dollars, is it time to take another look at requiring lawyers to report suspicious transfers?
33 minute read
March 16, 2016 |

Report: Paul Weiss Likely Not Liable for Caesars Conflicts

For the second time in six months, a law firm representing a Caesars Entertainment entity has narrowly avoided trouble in bankruptcy court.
87 minute read
September 01, 2015 |

Drinker Biddle Excels in Representing Creditors and Debtors

Drinker Biddle & Reath's bankruptcy and reorganization department has seen its fair share of big-name cases from both sides of the table.
4 minute read

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