Russell Adler, a former name partner of the defunct Rothstein Rosenfeldt Adler law firm, has asked a judge to sanction the trustee in the RRA bankruptcy case for allegedly violating a non-disparagement agreement and accusing Adler of participating in the $1.2 billion Ponzi scheme.
In the Lehman Brothers bankruptcy case, a federal judge has granted motions to dismiss an ERISA class action for good, concluding that the plaintiffs still hadn’t shown that the defendants should be held responsible for losses suffered by participants in Lehman’s retirement plan.
Major League Baseball wants lawyers representing the Los Angeles Dodgers to be disqualified from the team’s bankruptcy case, claiming that their actions appear more in line with protecting owner Frank McCourt’s finances than improving the bottom line for the baseball team.
Weil, Gotshal & Manges continues to make it rain in the largest bankruptcy case in U.S. history
Former Rothstein Rosenfeldt Adler client Steven Bitton is the first to file a formal objection to the mounting legal fees in the defunct law firm’s bankruptcy case, calling one firm’s fee application “egregiously out of proportion with the scope of the assignment.”