Lawsuits

United States: Trends In FDIC Professional Liability Litigation* (Insights And Projections Based On The FDIC's First 27 Suits) - Mondaq

06/20/12

In S&L litigation, the FDIC also recovered about $1 billion from Drexel Burnham Lambert, Inc.'s bankruptcy estate and from Michael Milken, the former head of Drexel's "junk bond" unit. These recoveries resolved claims of fraud including alleged ...

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Former Dewey Partners Urged to Reach Quick Settlement - Law.com

06/20/12

(Until Dewey's May 28 bankruptcy, Meyer served as the firm's longtime general ... the firms' estates have brought litigation against the firms where former partners have landed using so-called clawback suits seeking the return of profits brought ...

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As Burr Oak settlement payments arrive, old wounds reopen - Chicago Tribune

06/19/12

His daughter's grave was among those that could not be located, he said. And now, after years of complicated bankruptcy hearings, the case that Lewis and thousands of others filed against the cemetery had been resolved. Related Burr Oak Cemetery ...

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As Burr Oak settlement payments arrive, old wounds reopen - Chicago Tribune

06/19/12

"The compensation is highly inadequate," said Tom Leahy, an attorney who represented 66 clients in a lawsuit that was folded into the bankruptcy settlement. "I can tell you, what happened at Burr Oak was an emotionally traumatic event.

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ResCap portfolios generate bids - Pioneer Press

06/19/12

Looming bond payments and mounting litigation over soured mortgage securities prompted ResCap to file for Chapter 11 bankruptcy on May 14 in a move intended to help Ally sever itself from legal exposure. As part of the bankruptcy filing ...

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Kolesar & Leatham attorneys named Super Lawyers and Rising Stars by national legal publication - PRLog (free press release)

06/19/12

Cook was recognized for his practice in health care, Eisner for real estate law, Leatham for bankruptcy and creditor/debtor rights, and Spangler for construction litigation. Super Lawyers also recognizes Rising Stars, the top up-and-coming attorneys in the ...

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Dewey Bankruptcy Team Pushes for Quick Clawback Settlement - Wall Street Journal

06/19/12

Mr. Mitchell and Dewey’s bankruptcy lawyer, Albert Togut, have both said they want to resolve such claims quickly to avoid the drawn-out litigation and rancor that have characterized previous law firm failures. It took two years to hammer out ...

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Asarco, citing DOJ probe of EPA, wants settlement voided - Reuters UK

06/19/12

Asarco exited bankruptcy in 2009, four years after it sought bankruptcy ... Wyn Hornbuckle, a spokesman for the DOJ, declined comment as the matter remains in litigation.

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The Daily Docket: Judge Approves ResCap Examiner

06/19/12
Bloomberg
Warren Buffett

A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc.

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iPad Trademark Non-News Department: Proview Bankruptcy - The Business Insider

06/19/12

A court in South China’s Guangdong Province will open a trial tomorrow in a case filed by Fubon Insurance asking the court to begin bankruptcy proceedings against Proview Technology Shenzhen Co, a move that might disrupt Proview’s ongoing litigation ...

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