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Quinn clears another hurdle in $190 billion FHFA litigation
A second federal judge has given a preliminary green light to the Federal Housing Finance Agency's massive litigation campaign against banks at the center of the financial crisis.The Bankruptcy Files: Friendly's and Other Distressed Delicacies
Fraud Suit Against DLJ to Begin March 18
A federal judge is expected to hear opening statements March 18 in an investment company's suit against Credit Suisse First Boston predecessor Donaldson Lufkin & Jenrette. The suit, filed by Morgens Waterfall Vintiadis & Co., accuses DLJ of securities law violations, fraud, fraudulent misrepresentations and breach of fiduciary duty when it marketed bonds for AmeriServe Food Distribution Inc. in 1999.Bounty Hunter Tobacco Suit Is Thrown Out
A legal theory dreamed up by a lawyer and a law professor allowing bounty hunters to sue tobacco companies is "imaginative," but ultimately does not hold water, Judge Jack B. Weinstein of the Eastern District of New York ruled. On Friday Weinstein rejected a class action brought by four firms seeking to use a bounty provision of an amendment to the federal Medicare statute to achieve a double recovery from tobacco companies.Sandy victims face knotty insurance issues
As businesses and property owners assess damage from Superstorm Sandy, lawyers who have been fielding calls from insurers and policyholders say they are seeing areas of potential conflict, and while most disputes could be settled out of court, they predict some lengthy and substantial litigation.Banks' Claims Against Oppenheimer Are Dismissed
OppenheimerFunds Inc. has beaten back a $767 million fraud and breach of contract case over an arbitrage system it oversaw for big banks.Five Firms Hoist Extended Stay Out of Bankruptcy in $3.9 Billion Deal
The bankruptcy of Extended Stay Hotels, the largest Chapter 11 case ever filed by a U.S. hotel owner, came to an end on Friday as the Spartanburg, S.C.-based hotel chain was sold to a private equity consortium in a $3.93 billion deal.Trending Stories
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