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Power Company Calpine Files Year's Largest Bankruptcy
Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.Testing the Constitutionality Of McCain-Feingold Law
On Sept. 8, the U.S. Supreme Court will be packed to the rafters as the justices hold an extraordinary four-hour session to consider the constitutionality of the Bipartisan Campaign Reform Act of 2002.In this installment of excerpts from the Arbitration Scorecard, we look at a $10 billion dispute over smartphone technology and a $10 billion dispute involving a Turkish family's business empire.
Credit Suisse Wins Dismissal of MBIA's Fraud Claim
The biggest environmental crimes case in history ended in dramatic fashion Friday, when a federal jury in Montana acquitted W.R. Grace and three former executives of conspiring to cover up the release of deadly asbestos in a small mining town. The Lit Daily talks to Bernick about his closing argument, Montana, and prosecutorial misconduct.
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