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Daily Business Review

'These Guys Thought They Could Slip One by Us': South Florida Law Firms Prove Fraud

"If you are going to cheat people, you are putting your law license at risk," said Larry Stewart, who has practiced law in Florida for more than 50 years.
5 minute read

Law.com

'Let's Try to Raise Our Game': Lawyers Unleash Slapshots at First Hearing in New Talc Bankruptcy

Chief Judge Michael Kaplan, of the U.S. Bankruptcy Court, cautioned lawyers on Tuesday at the first hearing in this month's Chapter 11 case to tone down the vitriol. "The world is watching," he said.
5 minute read

Delaware Business Court Insider

CEO: 'Hubris, Incompetence and Greed' Led to FTX's Mismanaged Billions

The report enumerates FTX's internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.
5 minute read

International Edition

Brazilian Law Firms Field More Restructuring Requests as Economy Wobbles

Creditors who offered a brief respite to Brazilian companies during the pandemic are now coming to collect as the country struggles with high inflation and double-digit interest rates.
3 minute read

Texas Lawyer

$8.9B Settlement: Attorney Helms Proposed Johnson & Johnson Talcum Powder Deal

"This is the largest products liability settlement ever realized after a bankruptcy filing," said Mikal Watts.
5 minute read

National Law Journal

Judges Wary of 3M Unit's Bid to Halt Military Earplug Lawsuits

Seventh Circuit Judge David Hamilton questioned if ruling for 3M subsidiary Aearo Technologies would give companies facing multidistrict litigation in the future a way to use the bankruptcy process to get shielded from claims.
4 minute read

The American Lawyer

What $1,000 an Hour Gets You in the Am Law 200 Today

Second-year associates and 19th-year partners share the same billing rate in recent bankruptcy filings.
3 minute read

The Legal Intelligencer

City Meets All Statutory Criteria—Including Prepetition Planning/Negotiations—to Justify Chapter 9 Petition

The opinion thoroughly analyzes each of the statutory elements for eligibility—in light of a substantial history/record—to conclude that the city met the requisite eligibility and that its filing was in "good faith."
4 minute read

Delaware Law Weekly

District Court: Boy Scout Bankruptcy Plan Doesn't Need Changes

The District of Delaware decision allows the largest sexual abuse settlement in U.S. history to proceed with distribution, including $2.46 billion already available and potentially another $4 billion from BSA insurers who haven't settled and assets that haven't been liquidated.
3 minute read

New York Law Journal

'Should Have Known Better': Ex-Am Law 100 Partner Indicted for False Statements, Fake Records in Bankruptcy Proceedings

According to contemporaneous updates published in the New York Law Journal and in press releases, John Roesser was a partner at five major law firms between 2010 and 2016.
2 minute read

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