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Judge Approves Disclosure Statement for WaMu Reorganization Plan
Washington Mutual's bankruptcy finally looks to be winding down, with Delaware bankruptcy Judge Mary F. Walrath signing off on an order approving a disclosure statement filed in connection with WaMu's proposed reorganization plan. The plan, which would liquidate $7 billion with the bulk coming from a $6 billion settlement between WaMu, its owner JPMorgan Chase, and the FDIC among various creditors, is set to be voted on by WaMu's creditors on Nov. 15 -- two weeks after the independent examiner's report is due.Circuit Certifies Antitrust Class Action Against Comcast
In a setback for cable television giant Comcast Corp., a federal appeals court has refused to decertify a class-action antitrust suit brought by consumers who claim the company set out to establish a monopoly in the Philadelphia market.In High Court Argument, Former Justice Revisits Opinion He Wrote
Former Texas Supreme Court Justice Craig Enoch may have experienced deja vu on Oct. 16 as he argued before the high court in a case that revisits an opinion he wrote � 1997's Schlumberger Technology Corp. v. Swanson. "I felt I was reliving the debate when I was on the court that resulted in Schlumberger," Enoch saysDodgers sale could narrow McCourt's malpractice claim against Bingham
The sale of the Los Angeles Dodgers, coupled with his $130 million divorce settlement, could help winnow any damages in a malpractice claim by team owner Frank McCourt against Bingham McCutchen, the law firm that drafted an invalid marital agreement at the heart of his divorce.Judge Agrees to Expand Plaintiffs Committees in Toyota MDL
Acceding to plaintiffs' request for a robust litigation committee structure in appointing lead counsel for the multidistrict litigation against Toyota over sudden unintended acceleration defects, a California federal judge agreed to expand at least two of the committees. The MDL involves more than 200 lawsuits divided into two groups: those seeking economic losses on behalf of consumers and others who have lost value on their Toyotas, and those seeking damages for people who have been injured or killed in a Toyota.Commentary: Every Pay Raise Has Its Price
During the past month, large Texas law firms have engaged in a salary war that started with Vinson & Elkins raising first-year associate pay to the New York rate of $160,000. But at what price, asks Mark Donald? These young lawyers will bill around 2,000 hours a year -- minimum. And with the dreaded billable hour comes disillusionment. Add to that the fact that the average career life expectancy of an associate at a big firm is three years -- before a law firm even starts to make money off the attorney.Wal-Mart Hit With $78.5 Mil. Verdict
By and large agreeing with the plaintiffs� suggestions on damages, a Philadelphia jury has awarded nearly $78.5 million to a class of some 186,000 current and former employees of Pennsylvania Wal-Marts who may not have been properly paid for missed rest breaks and off-the-clock work.Commentary: What's Left of Voir Dire After Hyundai?
In Hyundai v. Vasquez, the Texas Supreme Court hints that even questions aimed at assisting the exercise of peremptories are improper, unless they are designed to uncover "external" biases.Federal Bar's Westchester Committee Honors Judge
The Federal Bar Council's Westchester Committee held its annual reception on Thursday at the Rye Grill & Bar, where Southern District Judge Cathy Seibel was honored.Trending Stories
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