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The Churn: Lateral Moves in The Am Law 200
Dentons and McKenna Long & Aldridge both lose partners ahead of a merger vote that would unite the two firms; Hogan Lovells hires three corporate partners from Kaye Scholer; and Troutman Sanders adds three lawyers to three different offices. The Churn is constant. Please send all announcements and news releases to [email protected].Pa. Law Weekly - People in the News - December 14, 2010
Click the headline above to view this week's People in the News listings.The Churn: Lateral Moves in the Am Law 200
Allen & Overy loses a U.S. practice group leader; an associate general counsel at the Office of the U.S. Trade Representative joins K&L Gates; and an Internet law and policy attorney heads to Steptoe & Johnson. The Churn is constant. Please send all announcements to [email protected].Avoidance Actions Against Seller Void Purchased Bankruptcy Claims
In addition to adjudication of business restructurings or sales of businesses or assets, the administration of bankruptcy cases involves two substantial undertakings: the allowance and fixing of claims against the debtor and the recovery, or "avoidance," of prepetition transfers such as fraudulent transfers and preferences for the benefit of the estate. A powerful provision of the Bankruptcy Code not well known except to bankruptcy specialists connects claim administration and transfer avoidance by providing that the holder of a claim against the debtor is not allowed to participate in any distribution if the holder of the claim has not returned the preference or other avoidable transfer to the estate, even if the amount of the claim far exceeds the amount of the preference.Avoidance Actions Against Seller Void Purchased Bankruptcy Claims
In addition to adjudication of business restructurings or sales of businesses or assets, the administration of bankruptcy cases involves two substantial undertakings: the allowance and fixing of claims against the debtor and the recovery, or "avoidance," of prepetition transfers such as fraudulent transfers and preferences for the benefit of the estate.Bankruptcy Judge Martin Glenn U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK Appearances: White, Fleischner & Fino, LLP Attorneys for Rattet
Clear Channel Lobbies for Media Ownership Rules Change
Despite the certainty of another high-profile battle with opponents of media consolidation, Clear Channel Communications has quietly floated a plan that would allow the radio giant and other station owners to boost their holdings in the largest U.S. markets. Observers say that satellite radio, iPods and the Internet have all provided new "voices" that should be taken into account by the FCC, particularly in the largest markets, although there is concern that the ownership rules are "untouchable."Mahwah Toxic Dump Litigation Designated as Mass Tort
Notice to the bar.3rd Circuit to Weigh FCC Media Rules
The 3rd U.S. Circuit Court of Appeals will hear arguments today challenging the FCC's controversial media ownership rules. Specifically, the court will consider a motion filed by the Media Access Project, a Washington public interest law firm, requesting that the FCC delay implementing the media rules until a judicial panel considers a consolidated case that encompasses all challenges to the regulations.A Buyer's Guide to Law Firm Software
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