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'Delphi' May Encourage Formation of Equity Panels
The appointment of an equity committee is a rare exception in Chapter 11 cases, yet, recently, in In re Delphi Corp., et al., the court directed just such an appointment -- at the request of a 9 percent shareholder and at the expense of the Delphi estate. The full impact of Delphi depends on who has the burden of proof on a subsequent motion to disband the committee and what level of proof will be required regarding the potential for a meaningful distribution to equity.2nd Circuit Dismisses Foreign Tax Claims Against Tobacco Companies
The legislative history of the USA Patriot Act does not show clear intent by Congress to abrogate a rule barring suits in the United States to enforce foreign tax judgments, the 2nd U.S. Circuit Court of Appeals has ruled.Practical Responses to New Federal Rules on E-Discovery
As of Dec. 1, 2006, amendments to the Federal Rules of Civil Procedure, aimed directly at regulating e-discovery, have gone into effect. What, in practical terms, should prospective litigants and their counsel do, to comply with -- and take advantage of -- the new rules?Like 'Getting a Date With the Cute Girl in Class': Aglow With IPOs
This year, Silicon Valley's corporate lawyers are at long last the popular kids again as tech companies are going public en masse for first time in years. But a survey of legal fees shows that even with the upswing, generally lawyers aren't getting paid more for the work. It's still a buyers market.Pillsbury Gets Richmond Tax Struck Down
A voter-approved measure that hiked Chevron's business tax in Richmond from $60,000 a year to $20 million was struck down, though the cash-strapped city may appeal.DLA Piper Snags Tech Startup Team
DLA Piper Rudnick Gray Cary has lured Jeffrey Leavitt from Arnall Golden Gregory and Douglas Spear from Morris, Manning & Martin to lead its Atlanta's office's new practice group: emerging companies and venture capital. Local managing partner Mark Grantham said tapping lawyers in their early 30s to establish an emerging companies practice was not as unusual as in some other areas. "This field is dominated by young people, both on the client or company side and on the consulting, financial and legal side."Trending Stories
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The Positive Impact of AI at Small Law Firms: 4 Key Insights
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