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April 15, 2003 | Law.com

WorldCom Files Reorganization Plan

The bankrupt telecom WorldCom and its major creditor groups unveiled a plan for the biggest Chapter 11 restructuring ever on Monday when the company filed its reorganization plan with the U.S. Bankruptcy Court for the Southern District of New York. Under the proposal, the reorganized company would have $3.5 billion to $4.5 billion in net debt, depending on how many creditors opt to receive bonds as part of their recoveries.
4 minute read
December 28, 2006 | New York Law Journal

'Raffellini,' Serious Injury Under SUM Endorsement

New York practitioners Mitchell S. Lustig and Jill Lakin Schatz write that a recent Second Department decision continues the trend of cases where the courts have shown a tendency to provide a heightened degree of protection to those insureds who have opted to pay an additional premium and purchase SUM coverage as opposed to those who only maintain the statutory uninsured motorist endorsement.
11 minute read
March 09, 2009 | Connecticut Law Tribune

Are Lawyers Paying Too Much For PACER?

U.S. Sen. Joe Lieberman of Connecticut has asked the policy body of the federal judiciary why it continues to charge the public and lawyers for access to electronically filed documents and whether enough is being done to protect the personal data collected by courts.
3 minute read
August 10, 2009 | Connecticut Law Tribune

In Search Of The Best Legal Research

Two legal research services are in a head-to-head competition to win the loyalty of America's lawyers. No, I am not talking about Westlaw and LexisNexis. This battle is between Casemaker and Fastcase. Each markets itself as a member benefit to state and local bar associations. Casemaker has the bigger share of the market, with 28 bars representing 475,000 lawyers. But Fastcase is fast on its heels, with 17 state bars and other smaller bars representing 380,000 subscribers.
6 minute read
May 30, 2008 | New York Law Journal

Paterson Defends Recognition Of Gay Marriages Elsewhere

Governor David A. Paterson has directed all state agencies to immediately recognize as valid same-sex marriages solemnized outside of New York. "If I didn't take this action, I would leave this state open to lawsuits," Mr. Paterson said yesterday. "I would leave the state treasury open to monetary damages and I would be discriminating against individuals who are coming here from other jurisdictions who are allowed that right [to marry] . . . and now are suddenly being denied that right."
7 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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March 09, 2010 | Corporate Counsel

Forum Shopper's Remorse, Pt. IV: Trial Begins by Bogging Down in Mud

4 minute read
May 17, 2012 | Law.com

Auditors Caught Between U.S., Chinese Disclosure Laws

The SEC last week charged Deloitte's Chinese division with failing to respond to a subpoena to turn over work papers on behalf of a Chinese client listed on a U.S. stock exchange. The SEC's action raises significant issues of sovereignty and regulation between the U.S. and China, says O'Melveny & Myers partner Seth Aronson in this Q&A.
7 minute read
October 13, 2010 | Law.com

Panel Urges Caution on Sanctions for Failure to Preserve Data

In a report comparing federal and state case law in New York, a panel of judges has found potential inconsistencies in the laws governing the pre-litigation duty to preserve electronically stored information that could result in an inconsistent application of sanctions in the 2nd Circuit.
5 minute read
July 22, 2005 | New York Law Journal

Merrill Lynch & Co. Inc. v. Allegheny Energy Inc.

Fraudulent Inducement Claim Fails; Energy Company Must Pay $115 Million in Suit Over Trading Unit
1 minute read
March 12, 2009 | Daily Report Online

Paul Hastings thins ranks by 131, including 44 lawyers

Paul, Hastings, Janofsky Walker has announced layoffs, affecting both lawyers and staff. The firm said Tuesday that it will cut 44 associates and 87 staff from its U.S. offices, as first reported on the legal blog AbovetheLaw.com. This is the first time Paul Hastings has announced it's reducing head count because of the recession.
2 minute read

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