In re Lear: Litigants Enjoined from Pursuing Pre-Plan Effective Date Antitrust Claims by Cadwalader, Wickersham & Taft LLP on 3/26/2012 On February 10, 2012, Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York held that certain plaintiffs alleging antitrust violations against Lear Corporation and its reorganized debtor...more
National Settlement Executive Summary 2012 by Christine Wilton on 2/13/2012 EXECUTIVE SUMMARY OF MULTISTATE/FEDERAL SETTLEMENT OF FORECLOSURE MISCONDUCT CLAIMS written by Philip A. Lehman, Assistant Attorney General Consumer Protection Division, North Carolina Department of Justice. The...more
The lawyer's smoking gun: insolvency, fraud and privilege by Chris Robinson on 11/8/2011 Directors may rely on the company lawyer's confidential advice, only to find it released to prosecutors or regulators by a liquidator. Is that allowed? read on...more
A Moment of Privacy -- October 2011 by Proskauer Rose LLP on 10/30/2011 Q: Could my privacy policy hinder the liquidation of my company's assets? A: Possibly, yes. Since defunct online toy store Toysmart's privacy policy precluded its liquidation sale of its customer list a decade ago, most...more
In re Los Angeles Dodgers LLC Affidavit in Support of Debtors' Chapter 11 Petitions and First Day Motions Filed By Los Angeles Dodgers LLC by Randall Reese on 6/27/2011 The Los Angeles Dodgers Major League Baseball franchise filed for chapter 11 bankruptcy protection on Monday in the bankruptcy court in Delaware. An declaration filed with the bankruptcy court by Jeffrey Ingram, the Dodgers'...more
Longoria Partner in Beso files Motion in Bankruptcy Court by Tampa Bay Bankruptcy Center, P.A. on 1/17/2011 Mali Nachum, one of Eva Longoria’s partners in the restaurant Beso in Las Vegas is seeking legal action against Beso’s move to file for Chapter 11 bankruptcy, which she described as ‘fatally flawed’. Nachum’s contention is...more
Bankruptcy of Quigley Unit of Pfizer to Continue by Tampa Bay Bankruptcy Center, P.A. on 1/4/2011 In September last year, bankruptcy judge Stuart M. Bernstein overruled the application of Quigley Company Inc to exit bankruptcy for the fourth time in its Chapter 11 plan. In his ruling, Judge Bernstein found that Pfizer,...more
Sale of the Century-Five Days in September by Shumaker, Loop & Kendrick, LLP on 11/11/2010 In September 2008 Lehman Brothers Holdings Inc. and Lehman Brothers Inc. (collectively, “Lehman”) sold their historically coveted brokerage business to Barclays Capital Inc. Many believe the sale was necessary to prevent a...more
The “Police Power” Clash Continues: The United States District Court for the Eastern District of Virginia Reverses the Bankruptcy... by Morrison & Foerster LLP on 9/15/2010 The “police and regulatory power” exception to the automatic stay in 11 U.S.C. § 362(b)(4)1 and its application to 19 U.S.C. § 3372 investigations by the U.S. International Trade Commission (“ITC”) has recently yielded...more
Countrywide Home Loans Will Pay $108,000,000 to Customers Affected by its Unfair Lending Practices -- and Give Adequate Notice of... by Fonfrias Law Group LLC. on 9/10/2010 Summary: After two years of investigating Countrywide Home Loans Inc., the U.S. Trustee Program (USTP) in Washington wrapped up litigation concerning Countrywide’s improper conduct in servicing home loans. As part of the...more
Inter-American Dialogues: Latin America Advisor - Financial Services August 12-25 by Michael Diaz Jr. - Diaz Reus International... on 8/31/2010 In this Issue: *FEATURED Q&A: Will Mexico's New Banking Sector Rules Have Their Intended Effect? *Brazilian Regulator Formally Approves Itaú-Unibanco Merger *Venezuelan Government Seeking Extradition of Prominent...more
FTC Issues Final Rules for Debt Relief Services: Landmark Changes for Service Providers, Advertisers and Marketers of Debt Relief... by Venable LLP on 7/30/2010 On July 29, 2010 at the White House, with Vice President Biden at the podium, the Federal Trade Commission (the “FTC” or “Commission”) announced its long awaited amendments to the Telemarketing Sales Rule (“TSR”) targeting...more
What Creditors Can -- and Cannot -- Do When Collecting Debts by Fonfrias Law Group LLC. on 4/14/2010 If you’re behind in paying your bills -- or if a creditor’s records mistakenly make it appear that you are -- a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection...more
Newsletter of the Advertising, Marketing & Media Practice Group of Manatt, Phelps & Phillips, LLP by Manatt, Phelps & Phillips, LLP on 12/9/2008 IN THIS ISSUE: *Rebate-Processing Company Goes Bankrupt *FTC Proposes New Ad Guides for Endorsements *Facebook Spammer Slapped With $873 Million Fine *FTC Fines Debt Collector $2.25 Million Please see full newsletter...more
Bankruptcy Mergers and Acquisitions in the U.S. by Amit Yalov on 10/1/2008 The fascinating osculation points of bankruptcy and M&A engages many different areas of law, including corporate, bankruptcy, securities, contracts, tax and antitrust law, as well as practical matters from other doctrines...more