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Judge denies former Sen. D'Amato $1 million claim in Rothstein Ponzi
Former U.S. Senator Alfonse D'Amato's $1 million investment in Scott Rothstein's Ponzi scheme was revealed when a bankruptcy judge denied his claim for repayment.
Global Crossing Sinks Into Ch. 11
Telecommunications provider Global Crossing Ltd. filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, the fourth-largest insolvency in U.S. history. The Beverly Hills, Calif.-based company spent billions to lay underseas fiber-optic cables worldwide, but an overly aggressive building plan and questionable acquisitions and personnel decisions made worse by the recession sank the company.Sky Isn't Falling in Music World
God didn't sue Johann Gutenberg for copyright infringement. Neither did the monasteries of Christian Europe, which, until Gutenberg's invention of movable type in the 15th century, enjoyed a complete monopoly on Biblical texts. Richard H. Horning doesn't see much difference between Gutenberg's printing press and the Napster software that allows users to download and swap music files on the Internet.
HP Hit With Derivative Suit Over Hurd's Severance
Law firm files a shareholder derivative suit against former Hewlett-Packard CEO Mark Hurd and the board of directors, alleging that disclosures surrounding his resignation led to a drop in the company's stock price.
'Robin Hood' lawyer fights foreclosures with a passion
For 34 years, Robert Thompson Jr. had been a business and labor lawyer - as was his father before him - defending corporations and financial institutions and even serving on several banks' boards of directors.Asia Deal Digest: October 17, 2013
* Japan Airlines turns to K&L Gates for its big Airbus order* Davis Polk and Freshfields on a $748 million Chinese supermarket combination* Jones Day advises three Indonesian businessmen on their purchase of Italian football club Inter Milan
DLA, Proskauer Handle JPMorgan's $725 Million Skyscraper Sale
JPMorgan Chase, which is on the verge of reaching a $13 billion mortgage settlement with the Justice Department, has agreed to sell its 60-story office tower at One Chase Manhattan Plaza in downtown New York to China's Fosun International for $725 million. Proskauer Rose is advising JPMorgan on the deal, while DLA Piper is taking the lead for Fosun—the firm's second major real estate deal for a Chinese buyer in recent weeks.
Four Firms Dialed In for BlackBerry's Take-Private Deal
Stumbling smartphone maker BlackBerry said Monday it has agreed to sell itself to a consortium led by its largest investor, Canadian insurance company Fairfax Financial Holdings, for $4.7 billion. Skadden and Canadian firm Torys are advising a special committee of BlackBerry's board, while the buyers have turned to Shearman & Sterling and McCarthy Tétrault.Trending Stories
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