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August 05, 2010 |

Law Firm Likely to Escape Sanctions for Improper Redaction

The examiner's report in the Tribune Co. bankruptcy, made public in full Tuesday, is cause for some relief over at Brown Rudnick.
3 minute read
April 08, 2013 |

Another litigation finance firm opens its doors

Three prominent lawyers and a hedge-fund manager have launched Gerchen Keller Capital LLC, a Chicago-based litigation financing company with $100 million in capital.
3 minute read
November 10, 2010 |

Tribune Co. Creditors File Fraud Suits Against Lenders

A new storyline opened in the epic Chapter 11 bankruptcy of the Tribune Co. on Nov. 1 when the official committee of unsecured creditors filed two complaints against a host of defendants seeking to hold them accountable for a leveraged buyout they say crippled the company.
5 minute read
December 10, 2007 |

Hospitals Need Lawyers -- Stat!

When California's Brotman Medical Center filed for Chapter 11 bankruptcy in October, attorneys paid attention. Its financial struggles are likely to be a harbinger of hospital woes to come as the number of uninsured patients grows and hospital revenues decrease. O'Melveny & Myers is actively targeting hospital bankruptcies, hoping to cash in on a climate of upheaval. Other firms are ramping up as a hospital crisis looming in California may mean plenty of legal work to go around.
5 minute read
March 04, 2011 |

On the Move

A weekly report of lawyer moves and law firm changes. Keep abreast of where movers and shakers are going and what they're doing.
6 minute read
December 10, 2004 |

Auction Set for Rights to Brobeck Suit

U.S. Bankruptcy Judge Dennis Montali on Thursday rejected an offer from Clifford Chance to settle claims that its actions led to the demise of Brobeck, Phleger & Harrison. Instead of accepting a deal between Clifford Chance and Brobeck estate trustee Ronald Greenspan, Montali set a Dec. 17 auction in his courtroom to determine the proper price to settle or pursue those claims.
4 minute read
January 25, 2008 |

Citigroup trial may double Enron creditors' payout

Enron Corp. creditors could see their original payout more than quadruple to as much as $31 billion after a trial against Citigroup Inc. Enron Creditors Recovery Corp., the entity winding up the defunct energy trader's affairs, distributed $13.3 billion, or 36 cents on the dollar, since a bankruptcy plan was approved in 2004.
5 minute read
December 01, 2004 |

Bid Raised for Rights to 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 near the end of an all-day hearing it was unclear 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
July 10, 2009 |

Have GM, Chrysler changed bankruptcy law

Almost every bankruptcy expert The Am Law Daily talks to agrees that the super-fast General Motors and Chrysler bankruptcies diverted from traditional bankruptcy law because of the government's huge role in each case and the danger that liquidation might have posed to the broader economy. What they don't agree on is whether the cases set a meaningful precedent for future judges.
4 minute read
November 22, 2004 |

Latest Brobeck Settlement Stalls After Objections

A federal bankruptcy judge delayed ruling on a proposed settlement between Brobeck, Phleger & Harrison's estate and Citibank FSB after former Brobeck partners raised objections. Under the deal, Citibank would take $2.85 million in cash as full payment for the $8.2 million still owed by Brobeck's estate. Brobeck's bankruptcy trustee would take over its Citibank debt, paying it by using money from a prior settlement with Morgan, Lewis & Bockius.
3 minute read

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