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A&B's Batson to Subpoena 45 Firms in Enron Case
Otis [email protected] of law firms have been roped into the ever-widening bankruptcy probe of the Enron Corp. as targets of an ambitious new discovery campaign launched by a court-appointed investigator. Alston Bird partner Neal Batson, who in May was tapped by the U.S. trustee overseeing Enron's bankruptcy to unearth the roots of the company's failure, revealed in an Aug.Global Crossing Restructuring Plan Gives Creditors a Bigger Stake
Unhappy with a buyout offer from two Asian companies, creditors of Global Crossing Ltd. plan to join the bankrupt telecommunications carrier in proposing a restructuring plan that would give them far greater control of the broadband provider's worldwide operations. The proposal is intended to lure new bidders and entice a better offer out of buyers.The Churn: Lateral Moves and Promotions in The Am Law 200
King & Spalding hires a former Amgen Inc. vice president; McDermott Will & Emery adds partners in Washington, D.C., and New York; and O'Melveny brings on a securities attorney in its Hong Kong office. The Churn is constant. Please send all announcements to [email protected].Three Firms Tune in for Tribune's $2.7 Billion TV Deal
Continuing the television broadcasting industry's consolidation trend, Tribune Company said Monday that it has agreed to buy 19 television stations from Local TV Holdings for $2.73 billion in cash. Debevoise, Covington, and Dow Lohnes all landed roles on the transaction.With Potential Bankruptcy Looming, Three Dewey Lenders Cash Out
While the precise nature of Dewey & LeBoeuf's inevitable demise remains to be seen, several creditors owed millions of dollars aren't waiting around to find out how the story ends.Drinking to excess is banking's hangover cure
If you can't blind investors with brilliance, baffle them with gussied-up balance sheets. That's the approach banks have taken to try and escape the legacy of bad lending and investing. First, banks got bought-and-paid-for backers in Congress to ram through an easing of accounting rules that let them pretend they know better than financial markets when it comes to the value of securities they hold.Record WorldCom Bankruptcy Lands Before Enron Judge
With a standing-room-only audience, counsel for WorldCom -- the debtor in the largest bankruptcy filing in U.S. history -- made a case Monday afternoon for an interim financing plan that would allow the company to stay in business while it worked to reorganize its operations. The request was made to Arthur J. Gonzalez, U.S. bankruptcy judge for the Southern District of New York, who also has the Enron bankruptcy on his docket.Trending Stories
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