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For Midsized Firms, a Mix of Struggle and Opportunity
The recession loomed large in every corner of the legal community this year, like the elephant in the room that no one could stop talking about.Phila. Newspapers Inc. Wins Fight To Unseal Bankruptcy Records
Philadelphia Newspapers Inc. scored a victory recently in an access-to-records fight with the former Alterra Healthcare Corp. when the U.S. Bankruptcy Court in Delaware granted its motions to unseal settlement documents related to claims of abuse and neglect at Alterra�s geriatric facilities.Cross-Jurisdictional Tolling to Be Accepted in Del. Class Action Suits
In a rare split decision, the state Supreme Court held that Delaware will accept class-action, cross-jurisdictional tolling.New Officers, Awards Presented at Bench & Bar Event
June means it’s time for the Bench and Bar Conference of the Delaware State Bar Association, and this year’s event was marked by the usual camaraderie.Del. High Court's Opt-Out Ruling Won't Impact Future Settlements, Analysts Say
The Delaware Supreme Court has reversed a portion of a 2012 Delaware Court of Chancery decision and, in doing so, granted a plaintiff the right to opt out of a class action settlement reached between two defendants and the shareholders of one of the defendants. Although some have alleged that the decision could make it more difficult for corporations to end litigation, two legal analysts say the Supreme Court's ruling will not have a major impact on future shareholder litigation because facts in the case before the high court were unique and unlikely to be duplicated.Three firms pitch in on $2.15 billion LA Dodgers bankruptcy sale
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