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December 01, 2004 |

Montali Weighs Bid Increase in Brobeck Litigation

A group of plaintiff lawyers indicated Tuesday that it would raise its bid to purchase rights to a suit against Clifford Chance relating to the collapse of Brobeck, Phleger & Harrison. But at the end of an all-day hearing, the question was whether U.S. Bankruptcy Judge Dennis Montali would consider the offer or accept a $4.5 million deal that Brobeck bankruptcy trustee Ronald Greenspan reached with Clifford Chance to settle claims against the firm.
3 minute read
November 30, 2004 |

Former Brobeck Partners Query Trustee's Motives

Facing millions of dollars in potential liability, former Brobeck partners have turned their sights on the firm's bankruptcy trustee. In filings last week, former partners suggested that Brobeck's landlords elected Ronald Greenspan trustee because he agreed to go after partners for money they allegedly owed the estate. To back claims that the landlords unduly influenced Greenspan, the former partners cite deposition testimony from the estate's interim trustee.
4 minute read
February 03, 2010 |

Calif. Bankruptcy Boutique Maintains High-End Practice

High-end bankruptcy is a Big Law practice, dominated by top Am Law 100 firms. But Los Angeles-based Pachulski Stang Ziehl & Jones, a 70-lawyer boutique, has established a national reach by planting lawyers in Delaware and New York -- a bicoastal move that it credits with helping it land work on major national cases. According to one report, the Pachulski firm ranked in the country's top five bankruptcy practices by number of active cases last quarter, at the end of the biggest year in U.S. bankruptcy history.
6 minute read
June 09, 2003 |

Delaware's Thriving Bankruptcy Bar

Bankruptcy practice is big business in tiny Delaware, but big firms have mostly shunned the state. Instead, a group of midsize firms have cornered the market.
8 minute read
May 11, 2005 |

Law Firms Clean Up in $60M Bankruptcy Bonanza

One of the largest bankruptcies in Maryland history has become a cash machine for lawyers, attracting high-priced New York firms and local counsel who have billed more than $60 million in fees. Find out how much top firms charged -- and how much creditors and debtors were willing to pay to make them go away.
10 minute read
October 29, 2009 |

Heller Creditors Seek $150M, Detail Firm's Failings

Confidential mediation documents detail creditors' arguments to get money from Heller shareholders, arguing that creative financing in late 2007 helps prove the firm was a failed entity even then.
4 minute read
December 01, 2004 |

Ex-Brobeck Phleger Partners Query Trustee's Motives

Facing millions of dollars in potential liability, former Brobeck Phleger & Harrison partners have turned their sights on the firm's bankruptcy trustee.
4 minute read
November 30, 2009 |

Litigation funding begins to take off

Investment firms see litigation funding in the United States as an area ripe for them to put their dollars. A few are offering a broader scale of funding for larger commercial clients.
8 minute read
July 13, 2000 |

Frederick's To Argue Lenders Aren't Secured

Frederick's of Hollywood, the racy lingerie maker that recently filed for Chapter 11 bankruptcy protection, will try to fend off creditors holding about $70 million in debt by arguing the creditors overlooked a technicality nullifying their secured status. Frederick's claims lenders, led by Banque Indosuez, failed to file a crucial Uniform Commercial Code form in Arizona, where most of Frederick's assets are held.
2 minute read
July 11, 2011 |

Feds concede DOMA fight in bankruptcy court

The bankruptcy case that became one of many battlegrounds in the fight over the Defense of Marriage Act has come to an end, with the Justice Department and congressional Republicans bowing out of the fight.The latest filing leaves in place a rare order signed by 20 bankruptcy judges in the Central District declaring DOMA unconstitutional and allowing a married gay couple to file bankruptcy jointly.
3 minute read

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