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May 19, 2006 | Daily Report Online

Lay defense in bank fraud case blames auto signature machine

HOUSTON AP - The automated signature machine did it.Attorneys for Kenneth Lay suggested bank loan documents containing terms he allegedly violated actually were signed by an automatic signature device in the Enron Corp. founder's office and not by him.Lay went on trial Thursday on one count of bank fraud and three counts of making false statements regarding personal banking issues.
5 minute read
May 30, 2002 | Law.com

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.
5 minute read
April 25, 2002 | Law.com

Surety Bonds: What They Are, Why They Matter

Most lawyers have barely heard of surety bonds. They might know the bonds play a role in construction projects and that, every once in a while, there's a nasty dispute between sureties and developers after someone walks off the job. What they may not know is that surety bonds -- or, to be precise, the inability to buy them at a reasonable price -- just forced Kmart into bankruptcy.
6 minute read
October 28, 2010 | Law.com

Judge's Unusual Order Sparks Law Firm Diversity Debate

A stir recently erupted in the securities class action bar after Southern District of New York Judge Harold Baer Jr. issued an order in a case against Gildan Activewear, directing two of the largest firms in the field, Labaton Sucharow and Robbins Geller Rudman & Dowd, to "make every effort" to put at least one woman and one minority lawyer on the case. Plaintiffs lawyers interviewed said they had not heard of other judges making similar orders, and some class action attorneys said Baer is going too far.
7 minute read
March 18, 2013 | Daily Business Review

Brickell Bayview Centre sells for $70 million

A company managed by Miami-based Banyan Street Capital has acquired the Brickell Bayview Centre from a company managed by Boston-based Colony Realty Partners.
3 minute read
July 01, 2002 | Law.com

WorldCom's Creditors Face Decision

Embattled WorldCom Inc.'s banks and bondholders are jockeying for position in Chapter 11 proceedings that appear increasingly unavoidable. Facing the uncertain future, WorldCom's bankers must decide whether to put new money into the Clinton, Miss.-based long-distance provider or enter into a bankruptcy process on the same level as company's bondholders.
4 minute read
December 12, 2012 | New York Law Journal

A Roundup of Foreclosure Law Decisions in 2012

Adam Leitman Bailey and Dov Treiman of Adam Leitman Bailey PC write: The appellate division decisions this year showed strict application of the laws and notable lack of sympathy for borrowers evidenced by recent years' legislative enactments, issuing decisions that were decidedly pro-lender.
12 minute read
May 15, 2009 | Daily Report Online

Mississippi's Satyam win boosts plaintiff role

Mississippi's pension system, the 65th largest in the U.S., has emerged as one of the nation's most aggressive institutional litigants against companies it says committed securities fraud. The Public Employees' Retirement System of Mississippi is involved in at least 21 active federal securities-fraud class actions.
8 minute read
March 02, 2004 | Daily Report Online

Lawyers Struggle to Decode Supreme Court Recusals

Tony [email protected] the U.S. Supreme Court denied review in a little-noticed case involving the republic of Croatia in October 2002, Croatia's lawyer in the case remembers doing a double take when he saw the Court's order.The order indicated that Justice Antonin Scalia had recused in Kahvedzic v.
12 minute read
September 07, 2001 | Law.com

Willing to Run Through a Brick Wall

Bankruptcy battles don't suffer shrinking violets. But even among the most outspoken and aggressive in the bankruptcy bar, James Sprayregen, of Kirkland & Ellis in Chicago, stands out for his candor. Sprayregen's attitude that "it's better to stab someone in the heart than in the back," and his willingness to "run through a brick wall" to get results, has high-profile debtors lining up to hire him.
10 minute read

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