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Pending Bankruptcy Bill Spurs Debate
A congressional subcommittee held a hearing last week on proposed legislation that would restrict the venues in which a company can choose to file bankruptcy. While the bill's supporters argue that it is vital because small creditors are often left behind in corporate bankruptcies, its opponents contend the legislation is an unnecessary remedy to a nonexistent problem.GC Must Help Start Agency From Scratch
Joe Whitley just can't stay away from Uncle Sam. At least that's how friends of the former Alston & Bird partner explain his willingness to take on one of the more formidable legal jobs in government: general counsel of the Department of Homeland Security.Frank "Peter" Petrella helped world middleweight champion Jake LaMotta teach actor Robert De Niro how to box for the Academy Award-winning film Raging Bull. Now Petrella's daughter is taking those fight lessons into a different arena — the U.S. Supreme Court.
The full case caption appears at the end of this opinion.OPINION OF THE COURTALDISERT, Circuit Judge.The issue on appeal is whether the district court erred byprelim
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Two judges earn public admonishments for behavior
There is some dispute about the judge's exact phrase. A commission found he said either that a male lawyer "was incompetent and just stood in the courtroom scratching his balls and picking his nose" or "scratching his ass and picking his nose."BofA's clash with Fannie escalates over loan buyback stance
Bank of America told Fannie Mae it refuses to cooperate with the U.S. mortgage firm's new stance on loan buybacks, setting the lender up for a potential surge in claims and penalties.Delta Woes Unlikely to Make Local Billings Soar
Meredith [email protected] a potential Chapter 11 filing looming, Delta Air Lines' business woes could mean millions of dollars in legal fees. But despite the airline's longstanding and extensive relationships with Atlanta firms, local lawyers may not get huge billings from the company's reorganization.Delta's bankruptcy counsel is a New York firm, Davis Polk Wardwell.Corporate Transparency Act Resource Kit
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