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December 23, 2005 |

Power Company Calpine Files Year's Largest Bankruptcy

Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.
6 minute read
December 23, 2005 |

Power Company Calpine Files Year's Largest Bankruptcy

Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.
6 minute read
February 16, 2011 |

News In Brief

5 minute read
March 26, 2012 |

Labor & Employment

In this Special Report from the New York Law Journal: "When Politics and Popular Debate Enter the Workplace," "Social Media at Work Raises Issues of Account Ownership," "The Employer's New Choice" and "Analyzing the Latest Risks of Worker Misclassification."
2 minute read
February 02, 2006 |

At Last, United Airlines Exits Chapter 11

The parent of United Airlines Inc. finally left bankruptcy Wednesday, more than three years after filing in Illinois bankruptcy court. However, analysts warn that the carrier will face considerable turbulence charting a post-Chapter 11 course. While in bankruptcy, the company cut one-quarter of its workers, shed its pensions, trimmed more than $10 billion worth in debt and slashed annual costs by more than $7 billion.
3 minute read
May 31, 2012 |

Romney's Lawyer

Ropes & Gray chairman R. Bradford Malt and Republican presidential nominee Mitt Romney have a two-decades-long friendship that has benefited both men.
14 minute read
June 28, 2012 |

Romney's lawyer Brad Malt is longtime friend and trustee

Ask Ropes & Gray chairman R. Bradford Malt when he first thought that W. Mitt Romney could be president of the United States, and Malt will say that that impression was formed at one of their early meetings, 22 years ago.
14 minute read
July 09, 2012 |

The Legal Times Awards: Champions & Visionaries

In this fifth annual special section, we honor Washington lawyers in two categories: Champions, those who have upheld the profession's core values through public service, pro bono efforts and advocacy for civil liberties, and Visionaries, attorneys whose business or legal acumen has expanded their firms, improved government or advanced the law.
8 minute read
November 01, 2008 |

Target Practice

Mayer Brown and Weil, Gotshal had close ties to Refco, a brokerage firm that imploded in 2005. But only Mayer Brown is on the hook for $2 billion, with a senior partner facing criminal charges. Why?
21 minute read
November 04, 2008 |

Mayer Brown in Crosshairs for Legal Work on Refco

Joseph Collins, Refco's principal outside lawyer for more than 10 years, was the fifth person charged with Refco crimes, but the only one who wasn't a company insider. Charged with securities fraud, bank fraud and related charges, he faces a sentence of up to 30 years if found guilty. In a decade that's seen waves of corporate scandals -- Enron, WorldCom, Tyco, Adelphia and Global Crossing -- Collins stands alone as the only outside lawyer to be indicted. Why him?
21 minute read

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