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Delaware High Court Decides 'Deepening Insolvency' Is Dead in Delaware
Deepening insolvency is often asserted as an independent state-law cause of action against a debtor's advisers for any attempts to prolong the life of a failing company that injure the company and its creditors. As Delaware continues to have one of the country's most active business bankruptcy caseloads, lawyers look to that state's law as a benchmark. To the dismay of many, Delaware's high court recently affirmed a Court of Chancery holding that Delaware law doesn't recognize "deepening insolvency" claims.Court Mulls Whether Six-Day Lateness in Filing Dooms Challenge to Development
The state Supreme Court is ruminating over whether failure to meet a statutory deadline for objecting to a development project is fatal, even where the challengers claim environmental safety is at stake.Web Obscenity Case Attracts National Attention
Karen Fletcher, socially reclusive by her own admission, has been excused from several hearings in the obscenities case brought against her by U.S. Attorney Mary Beth Buchanan in Pittsburgh because she is uncomfortable with leaving her home in Donora, Pa.Time for Change at Philadelphia's 'It' Firm
For most of the past decade, Ballard Spahr Andrews Ingersoll has been widely viewed as the it firm in Philadelphia.Local Firms Remain Stable in NLJ 250 Ranks
The last fiscal year brought with it more growth in the legal industry nationally than the past two years combined, according to the latest results of the NLJ 250, although it didn't radically alter the standing of Philadelphia firms in the rankings of the nation's largest law firms.Decker Will Return to Cozen O'Connor as CEO
As predicted, Tad Decker will leave the Pennsylvania Gaming Control Board to serve as CEO of his former firm, Cozen O'Connor.Large Harrisburg Firms Battle Outside Competition
Situated midway between Pennsylvania's two largest legal markets, Harrisburg draws in large firms from Philadelphia and Pittsburgh as if there's a magnet on top of the State Capitol Building.U.S. High Court Continues Pro-Business Stance
Plaintiffs and defense attorneys alike called the U.S. Supreme Court's much-anticipated ruling in Stoneridge Investment Partners v. Scientific-Atlanta a continuation of the court's pro-business bent and a reaffirmation of existing law.Trending Stories
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