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Conflicts Continue to Plague SonicBlue Bankruptcy, This Time With O'Melveny
O'Melveny & Myers is under fire in the SonicBlue bankruptcy for failing to disclose potential conflicts of interest until asking the court to approve $1.3 million in fees last week. The electronics maker filed for bankruptcy protection in 2003, in a case that led to major trouble for its law firm, Pillsbury Winthrop, over undisclosed conflicts of interest. Last week's filing reveals O'Melveny represented SonicBlue at the same time that it was counsel to a parent company of one of SonicBlue's debt holders.Extent of Martin Act Preemption of Common Law Claims for Fraud
In their Commercial Division Update, George Bundy Smith, an arbitrator and mediator with JAMS, and Thomas J. Hall, a partner with Chadbourne & Parke, discuss recent Commercial Division decisions that have addressed the impact the 'Assured Guaranty' decision has had on Martin Act preemption defenses.INADMISSIBLE: Ruemmler Plans White House Exit
Kathryn Ruemmler plans to leave her post as White House counsel and return to private practice by the end of the year, the White House announced. Plus more in this week's column.Daily Decision Service Alert: Vol. 19, No. 180 - September 20 2010
Daily decision alert.Buffett to hunt for investments in post-earthquake Japan
Billionaire investor Warren Buffett's trip to a Japanese plant may "shine a light" on investment opportunities in a nation hampered by the March earthquake and the global market rout.Wal-Mart first-quarter profit rises
Wal-Mart Stores, the world's largest retailer, posted a 3.8 percent gain in first-quarter profit, beating analysts' estimates as growth abroad helped make up for U.S. sales declines.Am Law Firms Help Stryker Sew Up MAKO for $1.65 Billion
Medical technology company Stryker Corporation is buying MAKO Surgical Corporation, which makes tools used in robotic-assisted surgery in orthopedics. Skadden is advising Stryker, while Wachtell and Foley & Lardner are handling the deal for MAKO.Better franchise relations on menu for Quiznos CEO
LONG BEFORE DAWN breaks, Greg Brenneman is on the run, a habit that can be a bit disconcerting for his temporary houseguest.Quiznos' new chief executive officer invited Steve Provost to stay with him during his move to Denver, an invite that extended to eight-mile runs. "He runs on a treadmill and I try desperately to keep up next to him," joked Provost, the new chief marketing officer.Lehman aims to exit bankruptcy within 24 months
NEW YORK AP - A top Lehman Brothers executive said Wednesday that the company's bankruptcy case could be wrapped up within two years.Restructuring expert Bryan Marsal, who replaced Lehman's longtime chief executive Richard Fuld at the end of 2008, told a bankruptcy judge that liquidators could finish their work of winding down Lehman within 18 to 24 months.Trending Stories
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