News Topic: Law Firms

Reuters Law firm Dewey & LeBoeuf LLP has filed for bankruptcy protection, The Wall Street Journal report ... Read full article

After spending 35 years helping to fix troubled companies such as General Motors, Texaco and Owens Corning, Martin Bienenstock got the hands-on experience he never wanted. ... Read full article

Reuters Former Los Angeles Dodgers owner Frank McCourt may have slipped $1 billion into his pocket after dropping the team into bankruptcy, but the law firm that guided him through will have to wait to be paid ... Read full article

A group of NewPage Corp. bondholders, which doesn’t appear to have publicly disclosed who its members are or the amount of debt they hold, say the public interest is best served by unsealing a potential lawsuit they may face from a rival creditor group. ... Read full article

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here . ... Read full article

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read ... Read full article

Associated Press A judge Monday denied Hostess Brands Inc.’s bid to shed deals with its biggest union, the Teamsters, sending the bakery company back to the drawing board as it tries to claw its way out of its ... Read full article

Reuters A man moves boxes out of the offices of Dewey & LeBoeuf. Curious what happens to a client whose law firm is on the brink of collapse? ... Read full article

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone. ... Read full article

Alabama’s constitution makes it nearly impossible for counties to raise taxes without state approval, a situation that has complicated efforts to bring debt-laden Jefferson County out of the largest bankruptcy in municipal history. Read the Daily ... Read full article

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street ... Read full article

The Los Angeles Dodgers said Tuesday the $2 billion sale of the team and stadium to an investment group headed by Earvin “Magic” Johnson is complete. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy ... Read full article

In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms willingly took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring. Read the Daily Bankruptcy Review article via The ... Read full article

American Airlines parent AMR Corp.’s chief restructuring officer on Tuesday said the company won’t be able to successfully restructure without drastically cutting its labor costs. Read the Daily Bankruptcy Review article here . ... Read full article

The U.S. Supreme Court began the process of weighing in on one of the hottest issues in corporate bankruptcy Monday, casting harsh eyes on a hotel owner’s attempt to block its secured lender from using debt as currency in a bankruptcy auction. Read the ... Read full article

Agence France-Presse/Getty Images The judge charged with determining whether Hostess Brands Inc. ... Read full article

A group led by basketball star Magic Johnson won the Los Angeles Dodgers at a bankruptcy auction Tuesday, The Wall Street Journal reports . ... Read full article