Legal Book » bankruptcy-case

Russell Adler, Scott Rothstein’s former partner, says trustee violated agreement

admin — Thu, 17 Nov 2011 06:51:41 +0000

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.

Dechert, Simpson Thacher Win Dismissal of Lehman ERISA Class Action

Master — Fri, 07 Oct 2011 04:56:34 +0000

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.

In slap at McCourt, MLB moves to oust Dodgers’ bankruptcy lawyers

Master — Wed, 28 Sep 2011 20:42:47 +0000

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.

Bankruptcy Files: Lehman, Hooters, School Buses, and Tankers

Master — Fri, 05 Aug 2011 05:46:09 +0000

Weil, Gotshal & Manges continues to make it rain in the largest bankruptcy case in U.S. history

Former Rothstein client first to file objection to mounting legal costs

admin — Tue, 19 Jul 2011 07:29:19 +0000

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.”

Howrey, Creditors Moving Quickly Toward Bankruptcy Plan

Master — Sat, 16 Jul 2011 06:32:24 +0000

The parties in the Howrey bankruptcy case have taken a giant step toward a plan for the law firm’s quick and orderly dissolution, preparing to sign a memo of understanding in the next two months that will give Howrey time to collect on several valuable contingency cases.

Scott Rothstein’s malpractice carrier settles for $950,000

admin — Sat, 18 Jun 2011 03:39:18 +0000

The malpractice carrier for disbarred attorney Scott Rothstein will pay $950,000 to settle a lawsuit filed by the trustee overseeing the bankruptcy case involving his former law firm.

Former Weil Bankruptcy ‘Star’ Leaves for Claims Trading Business

Master — Thu, 26 May 2011 04:56:39 +0000

Shai Waisman, a former business finance and restructuring partner at Weil, Gotshal & Manges and one of the top legal billers on the Lehman bankruptcy case, has left Weil to join claims trading operation Claims Recovery Group LLC, according to sources.

Former Weil Bankruptcy ‘Star’ Leaves for Claims Trading Business

admin — Thu, 26 May 2011 04:56:39 +0000

Justice Kagan Announces Her Debut Opinion

admin — Wed, 12 Jan 2011 05:03:25 +0000

Supreme Court Justice Elena Kagan announced her first opinion Tuesday, ruling in a bankruptcy case in which she was joined by all her colleagues except for dissenting Justice Antonin Scalia.

5th Circuit Reverses Novel Judicial Estoppel Remedy

Master — Sat, 02 Oct 2010 03:46:04 +0000

Reversing a federal district court’s judgment that provided a “novel remedy” for judicial estoppel, the 5th Circuit has held that a man’s failure to disclose a more than $1 million judgment in his bankruptcy filings bars the bankruptcy trustee for his estate from collecting the judgment. The panel concluded that Kim Lubke, who omitted mention of the judgment in his Chapter 7 bankruptcy case, and Diane G. Reed, the bankruptcy trustee, must be judicially estopped from pursuing the judgment.

Chorus of Bankruptcy Lawyers, Investors Protest Rothstein Agreements

admin — Sat, 14 Aug 2010 05:00:48 +0000

A packed courtroom of bankruptcy attorneys and a few investors turned out for the first settlement hearings in the Rothstein Rosenfeldt Adler bankruptcy case, and many were there to protest the agreements. The settlements with George Levin, his Banyon investment funds, and investment adviser Michael Szafranski called for controversial “bar orders” to prohibit any pending or future Rothstein-related litigation against the settling parties

WaMu’s Chapter 11 Case: Here Come the Shareholders

admin — Thu, 27 May 2010 04:32:46 +0000

Rarely does anyone accuse the litigators at Quinn Emanuel of not being aggressive enough, but that’s essentially what attorneys representing Washington Mutual shareholders are saying in asking the judge hearing WaMu’s bankruptcy case for permission to investigate JPMorgan Chase’s acquisition of the bank. The investigation centers on allegations that JPMorgan torpedoed WaMu’s chances of finding another buyer in late 2008 by leaking confidential information and false rumors about WaMu’s finances, court records show.

Lehman to Judge: Make the Examiner’s Report Public

admin — Wed, 10 Mar 2010 21:58:08 +0000

Lehman Brothers and its lawyers at Weil, Gotshal & Manges sent a clear message this week to the judge hearing Lehman’s bankruptcy case: Make public the full report about Lehman’s demise. In a motion filed Monday by Weil’s Harvey Miller, Lehman says it has cooperated fully with the special examiner investigating the bank’s failure and has turned over more than 20 million pages of e-mail.

At Issue in NHL Case: Who Decides Who Can Own a Team?

admin — Fri, 28 Aug 2009 07:38:42 +0000

The Phoenix Coyotes bankruptcy case is shaping up to be the year’s landmark sports law case.