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Power Company Calpine Files Year's Largest Bankruptcy
Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.
Going It Alone: Litigators Who Made a Big Jump to Start Small in 2012
Publication Date: 2012-12-21 Practice Area: Industry: Court: Judge: Attorneys: For plaintiff: For defendant: Case number:
In a legal profession populated by the risk-averse, litigators stand out as an intrepid lot. So it should come as little surprise that each year a handful of high-profile practitioners opt to leave the comforts of large, established law firms to strike out on their own.
And the unfortunate comment award goes to...
Northwestern Law School has a new dean with a tough job, but his predecessor isn't making things any easier for him with comments he was quoted as saying in a recent New York Times article about how law school.Delays Could Cost Mirant $1.15M
Judge D. Michael Lynn in U.S. Bankruptcy Court for the Northern District of Texas in Fort Worth has granted Mirant Corp. an extension on its exit financing until Oct. 2, according to Eric Taube, co-counsel for the official equity committee at Hohmann, Taube & Summer. But the delay will come at a price. Mirant could pay an extra $1.15 million in fees to cover the fifth postponement of a hearing for the $2.35 billion exit loan.Top Patent Litigator Leaving Weil to Launch Plaintiffs-Side Firm
Matthew Powers, cochair of litigation at Weil, Gotshal & Manges, is leaving the firm after 18 years to start his own plaintiffs shop. News of the split, which Powers and Weil described as friendly, came the same day as the announcement that two other patent litigators, including a patent litigation group cochair, had left Weil for Paul Weiss.
Corsello v. Verizon New York, Inc., 39610/07
Publication Date: 2010-09-21 Practice Area: Real Property
Industry: Court: Appellate Division, Second Department Judge: Before: Mastro, J.P., Leventhal, Belen, Lott, JJ. Attorneys: For plaintiff: Kirkland & Ellis LLP, New York, N.Y. (Joseph Serino, Jr., William Pratt, and Susan E. Engel, and Patrick F. Philbin, Washington, D.C., pro hac vice, of counsel), for appellants-respondents. For defendant: Law Offices of David M. Wise, P.A., Babylon, N.Y. and Reilly Like & Tenety, Babylon, N.Y. (Irving Like of counsel), for respondents-appellants (one brief filed). *1 Case number: 39610/07
Cite as: Corsello v. Verizon New York, Inc., 39610/07, NYLJ 1202472251742, at *1 (App. Div., 2nd, Decided September 14, 2010)Before: Mastro, J.P., Leventhal, Be
Desmarais Focuses on His Law Firm after Stepping Down as CEO of His Patent Business
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