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July 19, 2004 | National Law Journal

Europe's bankruptcy laws changing

The international bankruptcy law scene has U.S. firms enticed by the prospects for profitable restructuring work, and the moves toward capitalizing on these opportunities are in full effect.
7 minute read
February 21, 2011 | Daily Report Online

Bankruptcies continue to generate big fees

It's been a good time to be a bankruptcy lawyer. Though it's been almost three years since the economy began its meltdown, several massive bankruptcies are continuing to generate big fees for attorneys.Take, for instance, the Lehman Brothers Holdings Inc. bankruptcy, which-as widely reported by major news outlets-crossed the $1 billion fee threshold several months ago.
11 minute read
July 29, 2009 | Law.com

Home Restoration Client May Be Money Pit for Law Firms

At least four law firms have been left hanging for millions of dollars in legal fees from a home restoration company whose former chairman pleaded guilty to fraud involving another corporation. The latest firm left waiting for payment by Home Solutions of America is Riker Danzig. Ironically, the firm was defending the company in a suit brought by Morgan, Lewis & Bockius over $2.5 million in unpaid fees. Unpaid fees have also driven two Texas-based firms to try to withdraw from defending the company in a class action.
5 minute read
February 25, 2010 | Corporate Counsel

Put It on My (Quite Enormous) Tab: Lehman Brothers Bill Stands at $641.9M and Counting

The Lehman Brothers estate submits an updated accounting of fees it has paid bankruptcy advisers through the end of January. The tab stands at $641.9 million and could well reach the $1 billion mark.
1 minute read
July 09, 2007 | Daily Report Online

House speaker seeks to ease some of Grady's trauma pains

STATE-BACKED FINANCIAL help may be on the way for the beleaguered Grady Health System-at least for the emergency room that serves Atlanta's most-serious trauma patients.What remains unclear is whether the political will is present to help Grady pay for care of the thousands of indigent patients it serves each year, or to alter its organizational structure in a way that could reduce the level of oversight by Fulton and DeKalb counties.
5 minute read
August 15, 2012 | Daily Business Review

Lehman lives to pay 18 cents on dollar with new sales

Four years after filing the largest bankruptcy in U.S. history amid soured real estate bets, Lehman Brothers Holdings is still in the property business, wagering it can recover about $12.9 billion from mortgages and assets around the globe.
9 minute read
December 11, 2003 | Law.com

Global Crossing Exits Chapter 11

Nearly one year after its reorganization plan was confirmed by the U.S. Bankruptcy Court for the Southern District of New York, and almost two years after it landed in bankruptcy, network operator Global Crossing Ltd. exited Chapter 11 protection on Tuesday. The company also closed a $250 million equity investment from Singapore Technologies Telemedia Ptd Ltd., which was the centerpiece of its reorganization.
5 minute read
July 10, 2012 | New York Law Journal

Firm Earns $442 Million From Record Chapter 11 Case

In Weil, Gotshal & Manges' final fee request submitted last week in connection with its work on the largest Chapter 11 case in U.S. history, the firm said it has earned roughly $442 million in fees and expenses representing the bankrupt estate of Lehman Brothers over the past 3 1/2 years.
4 minute read
August 11, 2004 | Law.com

U.S. Firms Chase European Restructuring Work

With commercial bankruptcy laws in Europe evolving into a system akin to the process in the United States, lawyers are stepping up their pursuit of lucrative restructuring work. The insolvency process in some European countries now concentrates on rebuilding ailing companies. The result, practitioners say, means that an array of investors is getting involved in resuscitating distressed businesses -- and more participants mean more opportunities for lawyers.
7 minute read
October 16, 2008 | Daily Report Online

Creditors seek Lehman investigation at hearing

NEW YORK AP - Stakeholders in the Lehman Brothers bankruptcy case will ask a judge to open an investigation of the failed investment bank at a Thursday hearing. Meanwhile, Lehman will seek early approval of a proposal to sell its Neuberger Berman money management business.Those and other motions are on the agenda for a hearing scheduled at 11 a.
4 minute read

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