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MMU of New York Inc. v. Grieser
A judgment debtor is entitled to a fair market value credit for property that is executed on and then purchased by a judgment creditor at a sheriff's sale for a nominal amount.Inside Lyondell Bankruptcy's Texas-Sized Legal Bills
Houston-based Lyondell Chemical is hoping that its yearlong Chapter 11 case is nearly over after reaching a $450 million settlement with creditors early this week. The Am Law Daily did some docket-digging to see how much firms have profited from the pharmaceutical giant's bankruptcy court odyssey. Lyondell has paid more than $58 million in fees and expenses to 10 firms — including some firms based in Texas — through Aug. 31 of last year.Lawyers Gird for Lead Paint Verdict's Ramifications
Fresh from its victory in a Rhode Island suit against lead paint makers, powerhouse plaintiffs firm Motley Rice is prepping for a similar battle in New Jersey's Supreme Court. The law firm last month handed the paint industry its first defeat in scores of lead contamination suits by showing that peeling paint is a public nuisance. The New Jersey case has the rapt attention of defense attorneys, who fear that local adoption of the doctrine would ease the way for untold numbers of suits.Inside Lyondell Bankruptcy's Texas-Sized Legal Bills
Houston-based Lyondell Chemical is hoping that its yearlong Chapter 11 case is nearly over, after reaching a $450 million settlement with creditors this week. The Am Law Daily did some docket-digging to gauge law firm profits stemming from the pharmaceutical giant's bankruptcy court odyssey. So far, Cadwalader has secured itself the biggest slice of the pie.Trending Stories
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