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U.S. Trustee Objects to Third-Party Releases in LandAmerica's Reorganization Plan
The U.S. trustee in LandAmerica Financial Group's Chapter 11 bankruptcy proceeding is objecting to the company's reorganization plan because it releases nearly everyone involved, including lawyers, from liability for negligent actions. In an objection filed in Virginia federal court last week, the trustee states that the releases do not comply with the bankruptcy code or case law. LandAmerica filed for protection in 2008 after its Section 1031 exchange business collapsed due to its auction-rate securities investments.Virginia Bar Rule on GCs Still Under Construction
Just four months after it reopened its inquiry, a Virginia Bar task force appears no closer to resolving a controversy over its proposal to require all in-house counsel in Virginia to become members of the State Bar. The task force, responding to calls for more debate, convened a July 24 meeting, but no decision was made on the status of the proposal. Another meeting has been scheduled for Aug. 27.Conservatives Fear 4th Circuit Slipping Away
Conservatives worry that the White House is blowing a chance to retain control over one of the nation's most influential courts.Little Movement for Pa. Firms in Latest Am Law 100
Pennsylvania's law firms had nine representatives on this year's Am Law 100, which tracks 2010's financial performance. Only Duane Morris took a small step up the chart as other firms fell slightly or held steady.Conservatives Fear 4th Circuit Is Slipping Away
After a period of relative ease in securing two U.S. Supreme Court appointments and several controversial judicial nominations, the question is whether the GOP will continue to make such gains in the federal judiciary during President George W. Bush's last 18 months in office. Case in point: the influential 4th Circuit, which has four vacancies and a fifth judge waiting to be relieved before taking senior status. The president has turned strangely silent on the vacancies on the 4th Circuit.Trending Stories
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