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Examiner Anton Valukas avoids stating an opinion about the litigation between Barclays and the Lehman estate and creditors, but his report provides a detailed account of events leading up to the sale. He finds some support for Lehman's argument that certain assets were undervalued--yet no evidence of a quid pro quo conspiracy.
For Lawyer Wannabes, Checks for $30 Million Are in the Mail (Almost)
Claimants in the long-running BAR/BRI class action are set to begin receiving settlement payments to help compensate them for the alleged conspiracy between BAR/BRI and Kaplan that caused about 130,000 prospective law students to overpay for bar-review prep courses. Those payments will begin being sent to claimants next month.Since 1993, Winston & Strawn's Thomas Buchanan has led the charge in an epic shareholder battle with the federal government over the FDIC's seizure of Meritor Savings Bank during the savings and loan crisis. It's finally over--almost.
Proposed Statutes to Place Burden on Foreclosures
Bruce J. Bergman, a partner with Berkman, Henoch, Peterson, Peddy & Fenchel, writes: As a condition of prosecuting a mortgage foreclosure anywhere in New York City, how amenable would a lender or servicer be to registering with the city, obtaining and posting a bond and assuming responsibility for all property maintenance for the life of the action? These are bizarre notions but are precisely the stated written intentions of the legislative body.BigLaw Firm Wins Bid to Squelch Suit Against It Over Ex-Client's Collapse
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