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September 28, 2011 | Delaware Business Court Insider

Step-Transaction Doctrine Upheld by Supreme Court in Liberty Case

In affirming an April Chancery Court decision, the Delaware Supreme Court has ruled that a proposal by Liberty Media Corp. to split off some of its assets does not violate a successor obligation agreement with bondholders that prevents the conglomerate from disposing "substantially all of its assets."
5 minute read
April 19, 2012 | The American Lawyer

As Partner Losses Near 70, Dewey's Troubles Spread Overseas

As the Dubai office packs up for Dechert and another New York partner leaves, attorneys in Dewey & LeBoeuf's Italy, Poland, and Russia offices attempt to combat rumors that they are also on the way out. Amid the swirl of problems, meanwhile, Dewey lawyers in the U.S. are still landing work?and even engaging in some political fund-raising.
9 minute read
August 31, 2012 | Daily Business Review

Turnberry on the hook for failed Las Vegas Fontainebleau

An appeals court rules an Aventura-based affiliate of the developer of the failed Fontainebleau Resort and Casino in Las Vegas is on the hook for $100 million.
6 minute read
May 31, 2012 | The American Lawyer

Former Partners, Vendors Selected to Advise on Dewey Bankruptcy

The U.S. trustee's office has appointed two committees to steer Dewey & LeBoeuf's unsecured creditors through the bankrupt law firm's Chapter 11 proceedings.
5 minute read
January 14, 2007 | Daily Report Online

Banks: Give us your cash

5 minute read
July 06, 2012 | The Recorder

National Bank Act Pre-emption

The California Supreme Court issued a sweeping decision, holding many state laws inapplicable to national banks in light of federal legislation, explain Morrison & Foerster attorneys.
6 minute read
March 15, 2006 | New York Law Journal

Lender Liability

Kenneth M. Block and Jeffrey B. Steiner, members of Brown Raysman Millstein Felder & Steiner, LLP, write that as recent decisions in New York and around the country make clear, banks and other lenders have almost no duty to inform or warn their borrowers' investors, even when the banks suspect that their borrowers are unscrupulous. Absent actual knowledge of a borrower's fraud coupled with active participation in that fraud, a bank will not be held accountable to third party investors.
9 minute read
August 28, 2012 | New York Law Journal

Leveling the Playing Field for ERISA Participants

William D. Frumkin, a partner at Sapir & Frumkin, and Elizabeth E. Hunter, an associate at the firm, analyze an important U.S. Supreme Court decision affecting Employee Retirement Income Security Act cases seeking benefits, cases seeking to challenge unlawful retaliatory discharges, and cases seeking to rectify breaches of fiduciary duty.
14 minute read
February 12, 2008 | Daily Report Online

Administration announces program to help embattled homeowners threatened with foreclosure

WASHINGTON AP - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday.Dubbed "Project Lifeline," the program will be available to people who have taken out all types of mortgages, not just the high-cost subprime loans that have been the focus of previous relief efforts.
4 minute read
August 21, 2013 | New Jersey Law Journal

Homeowners Win in Class Action Alleging Tax Sale Bidding Collusion

New Jersey homeowners who allegedly paid higher costs to redeem tax-sale certificates due to collusion by bidders at municipal auctions have won a partial settlement of their federal class-action suit.
3 minute read

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