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The Official Committee of Unsecured Creditors of Cybergenics Corporation v. Chinery, etc., et al,
Bankruptcy courts may authorize creditors' committees to sue derivatively to avoid fraudulent transfers for the benefit of the estate; Hartford Underwriters Ins. Co. v. Union Planters Bank, a Chapter 7 case that interpreted the text of 11 U.S.C. � 506(c) to foreclose anyone other than a trustee from seeking to recover administrative costs on its own behalf, does not operate to prevent the Bankruptcy Court from authorizing such suits; the judgment of the District Court is reversed.In re C/S 12th Avenue LLC, petitioner v. The City of New York, respondent
Hudson Yard Redevelopment Meets Environment Hurdle; �Hard Look�, �Reasoned Elaboration� Satisfied SEQRAN.Y. Firms Pledge Lawyers Will Log 50 Pro Bono Hours Annually
After several years of debate in the legal community over the issue of aspirational versus mandatory pro bono service, 30 of the 55 large Manhattan law firms asked by the New York City Bar Association to endorse its "Statement of Pro Bono Principles" did just that on Tuesday. In addition to pledging 50 hours of pro bono work per lawyer per year, the firms agreed to ask new associates to perform at least one pro bono matter during their first year.Silge, plaintiff-appellant v. Merz, defendants-appellees*
Default Creditor May Not Recover Prejudgment Interest Not Reflected in Complaint, Demand ClauseState AI Legislation Is on the Move in 2024
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