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Judge Orders Hedge Funds to Pay $513K for 'Global War'
A Manhattan bankruptcy judge has ordered three hedge funds to pay more than $513,000 in fees to private equity firm TPG after finding that the funds improperly filed an involuntary bankruptcy proceeding against two defunct TPG affiliates as part of a "global war" involving 11 other lawsuits across the United States and Europe.Dewey partners pledge $70 million to settlement
The proposed $90.4 million settlement, which comes less than three months after Dewey & LeBoeuf declared bankruptcy, is designed to help repay creditors owed $250 million in secured debt and at least $300 million more in unsecured claims.Liability and Independent Contractors
Many companies with manufacturing or processing facilities outsource their day-to-day maintenance and repair work to independent contractors. In this type of integrated, on-site workforce, it's important for company lawyers to educate management and workers about the legal implications of day-to-day interactions between employees and independent contractors, writes Norman W. Peters.Dewey Estate Withdraws Request for $165,000 Bonus
Dewey's advisers had asked the court to approve the payment of bonuses totaling $220,000 to three staffers, including finance director Frank Canellas, but is withdrawing the bonus motion only as it relates to Canellas.Bankruptcy Judge Approves Dewey Budget
The defunct firm has up to $24.8 million to cover expenses for the next six-and-a-half weeks of its Chapter 11 proceedings. Come August, though, the estate's ability to pay for ongoing operations may rest heavily on whether it can recover money from former partners through a settlement.Real Estate Roundup: Greenberg Traurig Shifting Office Space in California
Aborn Highlights Experience as Advocate and Analyst of Criminal Justice Policy Issues
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