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The American Lawyer

As Clients Seek Out Restructuring Advice, Cooley Adds Bankruptcy Partner

The firm's addition of Chicago-based Eric Walker comes as Cooley sees more restructuring demand. Many of the firm's clients are getting to a point where they need restructuring services, said Cooley's Cullen Speckhart.
3 minute read

The American Lawyer

Hiring Slump Favors Law Firms With Dry Powder

Corporate lawyers who seek relative stability amid layoffs and hiring freezes are finding it at law firms that can afford to add talent in a down market.
8 minute read

International Edition

Brazil's Lefosse Adds Restructuring Muscle to Handle Growing Workload

Amendments to the South American country's reorganization and bankruptcy law have stoked greater interest in distressed assets.
2 minute read

The Legal Intelligencer

Longtime Schnader Harrison Clients Sue Law Firm, Seeking Relief From 'Debt Disaster'

The negligence lawsuit comes in the months following what the complaint depicts as a frenzy within Schnader Harrison as lawyers attempted to fix what's described in exhibits as a "debt disaster" for long-time clients.
4 minute read

Law.com

Appeals Court Stays Earplug Judge's 'Unprecedented' Injunction Against 3M

A federal appeals court on Wednesday temporarily stayed what 3M called an "unprecedented and impermissible" injunction order by a Florida judge overseeing thousands of combat earplug lawsuits.
6 minute read

The Legal Intelligencer

Even a Small or Cured Agreement Default Triggers Assumption Obligations

In an opinion issued Aug. 3 in In re Hawkeye Entertainment, (Case No. 21-56264), the U.S. Court of Appeals for the Ninth Circuit held all the requirements for assumption were triggered even though the defaults had been cured or were not material but the debtor could assume the lease because the defaults in bankruptcy were not material enough to require any further undertakings by the debtor going forward.
8 minute read

The American Lawyer

Willkie Tops $2,000/Hour, Kirkland Reveals $16 Million Advance Retainer in Cineworld Bankruptcy

Kirkland & Ellis is requesting up to $1,995 per hour for top-billing partners as lead debtors' counsel in the Chapter 11 bankruptcy of British movie theater chain Cineworld.
2 minute read

Daily Business Review

Bang Billionaire's Empire of Caffeine Crashes Into Bankruptcy

A combination of legal damages, a failed distribution deal and stagnant sales has overwhelmed the Miami-based energy-drink maker and its founder, unraveling what some observers call the most improbable success story in the beverage industry.
5 minute read

The Recorder

Wrecked Cars, Biomedical Specimens, Radio Shows: Girardi Keese's Vendors Now Owed Millions

Nearly $15 million in claims against the Girardi Keese bankruptcy estate come from vendors, including Rest Your Case Evidence Storage, which still had four wrecked cars unclaimed by the firm's clients.
5 minute read

New Jersey Law Journal

The Civil Justice System and 7th Amendment Are Under Assault

OPED: The assault on the Constitutional right to trial by jury can only be prevented through heightened public awareness and the actions of lawyers and their clients fighting back in courts across the country and in Congress.
9 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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