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The Layoff List: By the Numbers
Employment shifts at The Am Law 200, Global 100, and Other Firms of NoteQuinn has billed the estate about $75,000 just to prepare the monthly fee requests that the bankruptcy judge ordered. The trustee wants to put an end to the accelerated billing schedule.
Judge Approves General Growth Properties' Mortgage Modification Deals
A New York bankruptcy judge has approved General Growth Properties Inc.'s plans to restructure more than $10 billion in mortgages, allowing 103 mall properties holding those loans to exit bankruptcy by the end of the year. GGP, the nation's fourth-largest real estate investment trust, filed restructuring plans earlier this month. The unusual deal to modify the terms of its plethora of securities has been viewed as a possible model for investors facing foreclosure on similarly troubled real estate.Want to know how many millions of dollars Michael Hausfeld had in his capital account at the firm that ousted him a year ago? Thanks to ongoing litigation between the two sides, that's now a matter of public record.
Arrest of Russian Opposition Leader Raises Tough Questions for Country's Legal System
Russian prosecutors charged anticorruption lawyer and blogger Alexei Navalny, one of President Vladimir Putin's harshest critics, with embezzlement Tuesday in connection with a 2009 timber deal in which he participated as an unpaid adviser. The criminal charges, which carry a five-to-10 year prison term, are the latest to be lodged against a vocal Kremlin critic and have some U.S. lawyers with Russian expertise skeptical about the country's commitment to the rule of law.Law Firms Make Moves Into Lobbying Practice
For law firms, lobbying can mean big bucks. Three of the largest lobbying practices in D.C. brought in a total of more than $140 million in revenue last year. Now a wave of out-of-town firms is competing for a share of that money. But they have a hard road ahead of them. Explaining the value of a lobbying practice to corporate attorneys can be a challenge, especially if a firm is headquartered far outside Washington.Trending Stories
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