News Topic: Law Firms

This week on The Broke and the Beautiful, actor Patrick Dempsey, aka TV’s “McDreamy,” gives us the scoop on his purchase of the Tully’s coffee chain out of bankruptcy. Also this week, boxing promoter Don King is settling a score—on litigation related to ... Read full article

Associated Press Efforts to mediate an agreement over how to divide $7.3 billion raised in the bankruptcy of Nortel Networks Co ... Read full article

A newly reached $159 million antitrust settlement is good news for creditors of defunct law firm Howrey LLP, whose former role in the case could entitle it to a share of the attorneys’ fees. ... Read full article

It was seemingly overnight that a larger-than-life personality made a splash on the South Florida social scene, showing off his luxury cars, tailored suits and trophy wife as well as dropping big bucks on multiple charities and sports sponsorships. ... Read full article

Just out of bankruptcy, Tribune Co. intends to drop the bulk of some 170 lawsuits that targeted senior media executives who cashed in on the going-private deal that ruined the company’s finances. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters The  largest law firm bankruptcy  in U.S. ... Read full article

Pinnacle Airlines Inc. has struck several crucial deals to enable its eventual exit from Chapter 11 protection, including securing new financing from sole customer Delta Air Lines Inc. and overhauling its fleet of regional jets. Read the Daily Bankruptcy ... Read full article

Rachel Feintzeig Stroock & Stroock & Lavan LLP’s downtown Manhattan office sustained damage from superstorm Sandy that could take weeks to repair. As res ... Read full article

Enterprising folks were long told to go west. Now, some are looking east. Bankruptcy boutique Stutman, Treister & Glatt , long based in Los Angeles, on Monday opened its first New York office since its 1948 founding. Veteran restructuring attorneys ... Read full article

Associated Press As if bankruptcy itself were not tough enough, Solyndra had the ill fortune to sink with $527 million of taxpayer loans and a private equity owner with links to President ... Read full article

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign ... Read full article

Bloomberg Bankruptcy proceedings are speeding right along for failed law firm Dewey & LeBoeuf LLP (notwithstanding an  ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

Reuters Dewey & LeBoeuf is putting its art collection on the auction block. ... Read full article

Reuters The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil ... Read full article

Talk about ripped from the headlines. This year’s very public implosion of New York law firm Dewey & LeBoeuf LLP  was the  biggest law firm failure  in U.S. history—and it seems the creators of CBS drama “The Good Wife” were taking notes. ... Read full article

Reuters Dewey & LeBoeuf LLP could be on track to make legal history if ex-partners get their way in a fight over a proposed $165,000 bonus for finance chief Frank Canellas. ... Read full article

A U.S. House panel on Friday looked into whether the Federal Communications Commission followed its own rules when it gave Phil Falcone’s LightSquared approval for a wireless network in early 2011, a decision that has since been put on hold over ... Read full article