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U.S. Trustee Objects to Third-Party Releases in LandAmerica's Reorganization Plan
The U.S. trustee in LandAmerica Financial Group's Chapter 11 bankruptcy proceeding is objecting to the company's reorganization plan because it releases nearly everyone involved, including lawyers, from liability for negligent actions. In an objection filed in Virginia federal court last week, the trustee states that the releases do not comply with the bankruptcy code or case law. LandAmerica filed for protection in 2008 after its Section 1031 exchange business collapsed due to its auction-rate securities investments.Survivor Suits Lodged in Aftermath of Fatal Tour Helicopter-Airplane Crash
Survivors of five sightseeing helicopter passengers killed in a mid-air crash over the Hudson River last summer have sued the tour operators and other defendants in federal court in Newark.ABA to Elect First Black President
Nearly 60 years after it first opened the door to membership by blacks, the American Bar Association is poised to elect its first black president: former Detroit Mayor Dennis Archer. Archer is running unopposed, meaning he will take office in August 2003. His election is provoking mixed reactions among some minorities in the profession: happiness about his leadership, tinged by a sense that this "first" is long overdue.Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.Trending Stories
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