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Lenders scramble to help struggling homeowners
AS HOME FORECLOSURES MOUNT, mortgage companies are knocking on doors, sending letters and making phone calls with a simple message for struggling homeowners: They'd rather modify your loan than foreclose.EMC Mortgage Corp., a specialist with a $78 billion portfolio of subprime loans-for homeowners with weak credit-this week launched a 50-person team it calls ''the Mod Squad.Can Skadden's Steven Sunshine and former DOJ antirust chief Christine Varney of Cravath save Anheuser-Busch InBev's $20.1 billion acquisition of Grupo Modelo?
Fighting Against Big Tort Awards in Court and Beyond
DaimlerChrysler Assistant GC Steven Hantler is on a crusade against plaintiffs attorneys, sometimes even suing them for fraud and urging corporations to see themselves as part of a cultural struggle. As the leader of his company's unusual campaign to turn the tables on trial lawyers, Hantler has formally challenged opponents' conduct in case after case, urging judges to send a message that he hopes will deter abuse of the legal system. Other companies are taking note of Chrysler's aggressive tactics.Converting the Paper-Based World
In the present economy, the conversion of the paper-based word is an opportunity not to be dismissed lightly; driving up productivity and driving down the costs of production should be an initiative that even small to mid-sized firms investigate.CIVIL PRACTICE | FTC regulation insufficient basis for federal court removal
The high court justices ruled unanimously that a lawsuit against Philip Morris could not be removed from state to federal court solely on the ground that the tobacco industry is regulated by the Federal Trade Commission.The Bankruptcy Files: Autos, Fat Lasers, and Retailers
Two key lateral hires by DLA Piper in 2011 helped the firm pick up the lead debtors' counsel role to Orchard Supply Hardware Stores, which filed for bankruptcy this week and sought to sell the bulk of its assets to rival Lowe's. Other Am Law 200 firms like Andrews Kurth, Ice Miller, Latham, and Skadden are advising Carbon Motors, Exide Technologies, OnCure Holdings, and Primcogent Solutions in their Chapter 11 cases.Smith Currie Merges With Construction Law Firms
Atlanta's Smith, Currie & Hancock merged with two construction boutiques: Smith & Fleming and Florida's Cummings & Snyder. Smith Currie's Thomas J. Kelleher Jr. predicts the addition will boost the firm's revenue by about 20 percent. Also, IP lawyer William H. Brewster will take over as managing partner at Kilpatrick Stockton; and Associates' Campaign for Legal Services reports funds raised by Atlanta lawyers.Creating a Culture of Compliance
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