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San Bernardino Set to Become Third California Municipality to Go Bust in Three Weeks
In eyeing a Chapter 9 bankruptcy filing, the Inland Empire city—which is being advised by Stradling Yocca—follows Stockton and Mammoth Lakes.Cite as 10 C.D.O.S. 9190In re: MARLENE A. PENROD, Debtor. AMERICREDIT FINANCIAL SERVICES, INC., Creditor-Appellant, p class="casen
Former Brobeck Partners Query Trustee's Motives
Facing millions of dollars in potential liability, former Brobeck, Phleger & Harrison partners have turned their sights on the firm's bankruptcy trustee. In filings last week, former partners suggested that Brobeck's landlords elected Ronald Greenspan trustee because he agreed to go after partners for money they allegedly owed the estate, rather than pursue litigation against Clifford Chance.Despite Public Outcry, Detroit City Council Okays $3.35 Million Jones Day Pact
Over the heated protests of residents questioning the firm's ties to newly installed emergency manager—and former Jones Day partner—Kevyn Orr, the council voted to take the next step toward hopefully helping the financially strapped city avoid filing for bankruptcy.The Churn: Lateral Moves in The Am Law 200
Cooley loses two real estate partners to New York real estate boutique Duval & Stachenfeld; a group of five Gordon & Rees commercial litigators leave for SNR Denton; and McGuireWoods gains a former Skadden, Arps, Slate, Meagher & Flom partner. The Churn is constant. Please send all announcements to [email protected].The Bankruptcy Files: MGM and Four More
A bankruptcy filing by Metro-Goldwyn-Mayer appears to be less than a month away, good news for the movie studio's bankruptcy lawyers at Skadden Arps. Other firms picking up key restructuring roles include Bryan Cave, Kirkland & Ellis, Mayer Brown, and McGuireWoods.Jones Day Steers Detroit to Chapter 9 Bankruptcy Filing
Four months after being hired to help the financially crippled city find a way out from under its mountain of debt, the firm is now taking the lead advisory role on what is poised to become the largest municipal bankruptcy in U.S. history.As WaMu Reaches Chapter 11 Deal, a Look at Its Biggest Bankruptcy Billers
Judge in Heller Bankruptcy Orders Mediation Talks, Sets Dates
The judge in Heller Ehrman's bankruptcy has ordered mediation between the firm's creditors and its former shareholders, the first sign that shareholders might come to the table to iron out an ending to the nine-month-old bankruptcy. The talks are slated to take place on Oct. 30 and Nov. 16. The judge also ordered each side to file settlement conference statements confidentially with the moderator by later this month.Trending Stories
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