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Unsecured creditors of bankrupt Champion Enterprises Inc. have come up empty in their breach of contract claim against Credit Suisse. On Thursday, a Delaware federal bankruptcy judge found that while Credit Suisse did breach a $187 million credit agreement with Champion, the breach did not damage the manufacturer of prefabricated housing, nor did it cause Champion's bankruptcy.
There's nothing quite like the spectacle of billionaires being nasty to one another via the court system. And that's what we've now got in the battle for control of the troubled bookseller Barnes & Noble.
Hours after news reports that Barnes & Noble had settled Burkle's Delaware Chancery Court challenge to its draconian poison pill, B&N announced that talks had collapsed. And soon after that, the other shoe dropped: Vice-Chancellor Leo Strine found Barnes & Noble's poison pill is a legitimate takeover defense.
'Too Big to Fail' Questioned: Day Two of the Tulane Corporate Law Institute
By John L. Reed and K. Tyler O'ConnellSmaller Firms Tap Development Directors
Although most of the megafirms in recent years have invested in hiring associate-development teams to help coordinate programs and address work-life issues, such staffers are new for many midsize regional firms.Retention Is a Midsize Law Firm Priority
Attrition problems have prompted midsize law firms to hire development directors -- a trend megafirms have already invested in. But the smaller firms are bringing in career professionals for another reason: "Midsized firms don't want to lose associates who want the training they feel like they'd be getting" at large firms, says one legal recruiter. Lewis and Roca managing partner Kenneth Van Winkle says his firm is hiring a development director to help associates and nonequity partners become full partners.Trending Stories
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