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Bankruptcy Roundup: Goody's, Smitty's, Twinkies, and More
While the global economy continues its path towards destruction, bankruptcy lawyers are boosting their billable hours.Recruiter Loses Bid to Collect Merger Fee From Blank Rome
An e-mail exchange between recruiting firm Mark Bruce International and Philadelphia law firm Blank Rome about a proposed combination with New York's Healy & Baillie--a merger that was later completed with the help of a different search firm--did not constitute an enforceable contract because the parties had not agreed on the terms of a fee, Supreme Court Justice Herman Cahn has ruled.Blank Rome Defeats Recruiter's Lawsuit Over Merger Fees
A Manhattan judge has rejected a legal recruiter's attempt to collect a merger fee from Philadelphia law firm Blank Rome, which rejected the recruiter's proposed combination with a small New York firm but later completed the deal with the help of a different search firm.Does the Bell Toll for the Chaebols?
For decades, it seemed that the founding families of Korea's large business conglomerates, or chaebol, could get away with anything. So the country was stunned last month when Hanwha Group's chairman was sentenced to four years in jail for embezzlement. Is the sentence a blip, or truly the end of leniency for high-level corporate crimes?Does the Bell Toll for the Chaebols?
Lawyers in Korea are still trying to figure out if a surprisingly tough white-collar sentence last month means an era of leniency for high-level corporate crime is over.Trending Stories
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