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The deal resolves a long and contentious fight with ResCap and its creditors over claims that Ally stripped its bankrupt subsidiary of valuable assets and turned it into a dumping ground for mortgage-related liabilities.
The auditor wanted to send a message to bankruptcy creditors who put E&Y at the top of the list of targets. Consider it sent.
Firms Buying Their Way Into the High Court Club
With its relatively minimal docket, the Supreme Court wouldn't necessarily come to mind as a growth market. But it's becoming one. It's now standard operating procedure for clients in high-stakes corporate cases before the Court to snag a member of the high court bar, the elite and exclusive cadre of practitioners who have effectively cornered the market and, in a sense, serve as unofficial gatekeepers to the Court. But now, more firms are trying to buy their way into the club.Frankly we didn't think that Dish Network's fortune could fall much farther in its patent litigation with Tivo over digital video recording systems. There was the $73.9 million infringement jury verdict against it in 2006, and another $103 million in damages added last June. But alas, there could be more money added to the bill. A lot more. According to a court filing, TiVo's lawyers at Irell & Manella are seeking nearly $1 billion in contempt sanctions.
In re Enterprise Mortgage Acceptance Co. LLC Securities Litigation
Section 804 of �Sarbanes-Oxley� Does Not Revive Plaintiffs� Expired Securities Fraud ClaimsTrending Stories
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