May 03, 2010 | National Law Journal
Panel suggests a structure for unwieldy Toyota litigationMore than 50 attorneys and law firms submitted applications to help lead the massive multidistrict litigation against Toyota Motor Corp., which has recalled at least 8 million vehicles due sudden unintended acceleration. On Friday, the three plaintiffs' attorneys assigned as temporary lead counsel and Toyota's lead counsel filed a joint preliminary report outlining the committees that should be created to manage the litigation.
By Amanda Bronstad
6 minute read
August 27, 2009 | Law.com
Shareholder Action Against Failed Mortgage Lender TossedA federal judge has dismissed a shareholder class action against the former officers and directors of Downey Financial Corp., a mortgage lender that filed for Chapter 7 liquidation in November. "It's the first instance where a court has dismissed with prejudice a complaint filed against the former management of a financial institution that's been taken over by the FDIC," said the attorney who defended Downey, referring to the Federal Deposit Insurance Corp.'s takeover of financial institutions during the mortgage crisis.
By Amanda Bronstad
3 minute read
July 10, 2006 | The Recorder
Lawyer Fears Leaks in Wiretap ProbeL.A. defense lawyer Terree Bowers gets serious about security in an effort to protect certain documents in the criminal investigation of private investigator Anthony Pellicano.
By Amanda Bronstad
3 minute read
August 05, 2009 | Corporate Counsel
How to Structure 363 Sales of Assets in BankruptcyAs the recession continues, more businesses are being forced to file for Chapter 11 bankruptcy protection. In many cases, the bankruptcies are liquidations, not reorganizations, says Robbin Itkin, the head of Steptoe & Johnson's West Coast business and financial restructuring group. Itkin, a partner in the Los Angeles office, talked to The National Law Journal about how 363 sales are structured and what thorny legal issues buyers and sellers might face when dealing with assets in a bankruptcy.
By Amanda Bronstad
5 minute read
September 30, 2010 | Corporate Counsel
Scores of Lawyers Apply for Lead Counsel in BP LitigationMore than 100 lawyers who are suing BP over the oil spill have applied for coveted places on the committee that will lead the multidistrict litigation, citing the extensive work they've done. Many note that they have already hired experts and spent millions of dollars investigating what caused the oil spill, as they point out in their applications.
By Amanda Bronstad
7 minute read
July 17, 2008 | The Recorder
Tale of the TapeIn the wiretapping trial of Terry Christensen, some interesting details emerge from his conversations with Anthony Pellicano, pictured.
By Amanda Bronstad
5 minute read
October 28, 2010 | Law.com
Prop 8 Amicus Brief Challenges 99-Year-Old Calif. Initiative ProcessA California appellate attorney has filed an amicus brief before the 9th Circuit, arguing that California's same-sex marriage ban, Proposition 8, should be found invalid because the state's ballot initiative process was improperly voted into law 99 years ago. "The question we're raising in this case is whether or not the creation of the process, the initiative process, adhered to California law," said Jon B. Eisenberg, a partner at Eisenberg & Hancock.
By Amanda Bronstad
4 minute read
September 10, 2008 | The Recorder
Judicial Selection Panels DebatedThere's a new push for bipartisan committees, including an endorsement from the ABA.
By Amanda Bronstad
8 minute read
June 03, 2008 | The Legal Intelligencer
Weiss, Milberg Co-Founder, Sentenced to 30 MonthsA federal judge in Los Angeles sentenced Melvyn Weiss, the co-founding partner of Milberg, to 30 months in prison on Monday.
By Amanda Bronstad
4 minute read
February 21, 2011 | Law.com
Huge settlement? No thanks.Plaintiffs' lawyers who obtained the record $624 million class action settlement last year on behalf of shareholders of Countrywide Financial Corp. are scrambling to remake their deal after more than two dozen major institutional funds opted out.
By Amanda Bronstad
9 minute read
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