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Arthur M. Siskind, News Corp. Ltd.
As group general counsel at News Corp. Ltd., Arthur M. Siskind handles the legal affairs of a Rupert Murdoch media empire with 30,000 employees worldwide and more than $13.5 billion in revenues in 1999. Working on both business transactions and litigation, Siskind says "I'm very much part of a team that is running the company."Ruling Makes Bankruptcy Suits Harder
A recent Delaware Supreme Court decision may have undermined cases against directors and officers of companies for actions they take just before they file for bankruptcy, such as increasing the company's debt or signing major contracts with creditors. The court ruled in May that creditors of a Delaware corporation that is insolvent or in the "zone of insolvency" have no right to assert direct claims for breach of fiduciary duty against its directors.The Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case
Sidley Austin's work advising the Tribune Company through four years of Chapter 11 proceedings that ended last month have generated more than $100 million in fees and expenses for the firm. In addition to Sidley's fees, The Am Law Daily also catches up on the firms behind more recent filings for the likes of Big M, Edison Mission Energy, LodgeNet Interactive, and THQ.State AI Legislation Is on the Move in 2024
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