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Cite as: King County v. IKB Deutsche Industriebank AG, 09 Civ. 8387 (SAS), NYLJ 1202474373592, at *1 (SDNY, Decided October 29, 2010)District Judge Shira A. Sch
Deal Watch: Alston helps satellite company land DIP funding
Sea Launch Co., a bankrupt Boeing subsidiary that propels into space rockets carrying private payloads, on Dec. 3 landed court approval for $12.5 million in debtor-in-possession financing.The company, represented by debtors' counsel Dennis J. Connolly and Matthew W. Levin at Alston Bird and attorneys from Young Conaway Stargatt Taylor in Wilmington, Del.A&P, McGuireWoods Advise as Kroger Bags Harris Teeter
The Kroger Company said Tuesday that it is expanding its presence in the southeastern and mid-Atlantic regions of the United States by agreeing to acquire North Carolina–based grocery store chain Harris Teeter Supermarkets Inc. for $2.5 billion, including assumed debt.2nd Circuit Provides Broad 'Safe Harbor' Protections Against Avoidance Actions
Within the Bankruptcy Code, "safe harbor" provisions exist that provide special protection for non-debtor parties against preference and fraudulent conveyance claims arising out of certain types of financial transactions.It's been a big week in the gene patent wars, with a landmark Supreme Court decision on the patentability of human DNA and a setback for opponents of genetically modified crops. In both cases, advances in genetic science collided with entrenched ideas about nature and unsettled issues in patent law. And they were both brought by 38-year-old IP lawyer (and newly-litigious investor) Daniel Ravicher of the Public Patent Foundation.
Europe can't count on China for a bailout
China and the U.S. finally found something to agree on: Europe is doomed and might take the world's two biggest economies down with it.Neither officials in Beijing nor Washington are actually using the "D word." They don't need to, not with Zhou Xiaochuan, China's central bank governor, talking matter-of-factly about emerging nations bailing out the euro region and U.Lenders, Servicers Scramble to Shift Foreclosure Cases to New Firms
Now that the one-time largest plaintiffs foreclosure law firm in Florida, the Law Offices of David J. Stern, has been dropped by a number of lenders and servicers including Fannie Mae and Freddie Mac, ex-clients are scrambling to find law firms and lawyers to fill the void.What Recession?: NY BigLaw Firms Working Billion Dollar Deals
Daily Decision Service Alert: Vol. 19, No. 197 - October 14 2010
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