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The American Lawyer

IPO to Insolvency: Big Law Isn't Done Making Money on EV SPACs

"They didn't care because they were making too much money off of it, and now it's especially sad that they're finding yet another way to make money off of the very problems they helped create," Yale Law School professor John Morley said of the corporate lawyers who participated in the frenzy.
8 minute read

The American Lawyer

Recruiting From Paul Hastings Again, Akin Adds Financial Restructuring Lawyer

Avi Luft, a financial restructuring of counsel at Paul Hastings, has joined Akin as a partner in New York.
2 minute read

The American Lawyer

Cooley Poaches O'Melveny Bankruptcy Litigation Co-Chair Amid Rise in Restructuring Disputes

Daniel Shamah has joined Cooley's New York office as a partner.
2 minute read

Texas Lawyer

$239K Sanction Against Law Firm Lifted: Judge Abused Discretion

The judge had come under previous scrutiny for two fictional novels she wrote and published, which critics claim appear to be based on real litigation.
4 minute read

International Edition

KKR to Paul Hastings: Will Needham on Why he Moved, and Being a Swiftie

The restructuring specialist discusses his move from one of the world's biggest investment companies and his plans at Paul Hastings' London office.
7 minute read

Texas Lawyer

$100M Victory in Houston as UBS Dodges Counterclaim

"The law does not require punishing lenders who work in good faith with borrowers who wanted to work with lenders," U.S. Bankruptcy Judge Christopher Lopez said.
4 minute read

Daily Business Review

Merchant Cash Advances: You Could Be Taking Financial Shelter in a Lion's Den

MCAs often contain onerous (and potentially illegal or unenforceable) provisions that end up causing more trouble than they are worth. Following is some general guidance based on our experience helping business owners navigate complex issues through all types of business and economic environments.
8 minute read

Delaware Business Court Insider

'Just a Bunch of Zeroes and Ones': Crypto Valuation Sets Up 'Battle of Experts' in FTX Bankruptcy

"The difficulty with valuing crypto assets as opposed to other assets is they have no inherent value," a bankruptcy judge observed.
4 minute read

Law.com

'I Was Kind of Dumbfounded': J&J Lawyers Testify in Talc Disqualification Hearing

Johnson & Johnson's worldwide vice president of litigation, Erik Haas, and Jim Murdica, outside counsel at Barnes & Thornburg, testified on Monday that they were shocked to find out a former member of their team had been working with plaintiffs' lawyer Andy Birchfield as early as April 2023.
6 minute read

Texas Lawyer

Jackson Walker Asks for Dismissal of Suit Seeking Fee Disgorgement From Bankruptcy Matter

Like other defendants, Jackson Walker asks a judge to dismiss a suit filed by an unhappy litigant that seeks fee forfeiture in a bankruptcy handled by former U.S. Bankruptcy Judge David Jones.
4 minute read

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