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February 29, 2012 | Delaware Business Court Insider

Siding with Investors, Del. Judge Blocks BankAtlantic Sale to BB&T

On Monday, Delaware Chancery Court Vice Chancellor J. Travis Laster permanently enjoined BankAtlantic Bancorp from closing on a planned sale of $2.1 billion in loans and $3.3 billion in deposits to BB&T. A group of indentured trustees and investors holding trust-preferred securities had sued to prevent the sale, claiming it would allow BB&T to "cherry-pick" BankAtlantic's assets and leave the bank holding only troubled and foreclosed loans. Laster concluded that the deal would breach BankAtlantic's contracts with the investors and cause the bank to default on its obligations.
4 minute read
January 09, 2012 | New York Law Journal

Lawsuit Alleges Pryor Cashman Lawyer Aided Fraud by Fund

A charitable foundation that fell victim to a Ponzi scheme run by former hedge fund manager Mark Bloom has filed a lawsuit accusing Donald S. Zakarin of Pryor Cashman of taking actions that furthered Mr. Bloom's fraud.
5 minute read
September 07, 2011 | Delaware Business Court Insider

Insurer Withdraws Expedition Claim in Takeover Dispute

Validus Holdings Ltd. withdrew its motion to expedite a Chancery Court lawsuit it filed seeking to enjoin the proposed $2.8 billion merger between two insurance firms after Chancellor Leo E. Strine Jr. indicated that he would likely not approve the request.
5 minute read
October 12, 2009 | Law.com

'Whocanisue.com' Aggressively Seeks Plaintiffs

Have you been bitten by a vicious dog, been the victim of a surgical mishap or of a sexual assault on a cruise ship? There's a lawyer waiting for your call. Florida-based whocanisue.com, a Web site that matches visitors with lawyers, has scores of billboards and bus-shelter signs showing a lawyer slipping on a banana peel. But there's controversy over this quick way to sue. The site has drawn the ire of many in the legal community, including the vice chairman of a Florida Bar advertising-ethics committee.
5 minute read
September 29, 2009 | Corporate Counsel

$24 Million Deal in Chrysler Wrongful Death Case

A bankruptcy court judge on Thursday approved a $24 million settlement by Chrysler in the death of a man who was run over by a Dodge pickup truck in 2004. The plaintiff lawyers said Friday that their demand that Chrysler post an appeal bond after they won a $55.2 million verdict proved to be key once the automaker filed for bankruptcy in April.
3 minute read
Law Journal Press | Digital Book New York Family Law 2014 Authors: New York Journal View this Book

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April 03, 2012 | Daily Business Review

Foreclosure gut expected to knock 10% off home prices

Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, experts predict, meaning prices for the homes could drop as much as 10 percent because they deteriorated as they were held in reserve.
7 minute read
January 11, 2002 | New York Law Journal

Suit Seeking Interest On Benefits Revived

A n action to recover interest on late disability payments is considered "appropriate equitable relief" under the Employee Retirement Income Security Act of 1974, the U.S. Court of Appeals for the Second Circuit has ruled.
4 minute read
November 04, 2009 | The Legal Intelligencer

Florida Professor Sues 'Above the Law' Blog for Defamation

It's the kind of story that tends to get big play on the legal blog "Above the Law": a prominent University of Miami School of Law professor and civil rights advocate arrested on suspicion of soliciting an undercover officer for sex.
4 minute read
September 10, 2010 | New York Law Journal

Cipro Declines In Banc Review of Drug 'Pay-to-Delay' Ruling

5 minute read
April 29, 2013 | Corporate Counsel

Can a Franchisor Have Employer Liability for Franchisee's Torts?

The hallmark of a franchise relationship is that the franchisor allows independent businesspeople to share in the good will represented by the trademarks in the distribution of goods or services.
6 minute read

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