Bankruptcy › MLM / Direct Sales

Dewey Shoot the Lifeboats as Our Partners Seek Safety From Our Law Firm in Stormy Seas?

Dewey & LeBoeuf continue to flounder in stormy seas. In this Internet era, we are all bolted to our deck chairs in calmer adjacent seas glued to this spectacle as it unfolds before us. The bolt to the exits by some important...more

Dewey Think We Are Watching the Deconstruction of a Venerable Law Firm?

In these challenging times, a noted and venerated law firm seems, at the very zenith of the profession, seems to be deconstructing before our eyes. While some of us watch transfixed as a major pillar of the legal community...more

Citibanks’ Fourth Quarter Report on Law Firm Profitability: Bleak, But, on the Bright Side, That’s As Good As It Gets

Citibank’s 2012 year-end report on law firm profitability tells us that 2012 was the Dickensian best of times and the worst of times. Only more worst than best. It was the best of times because law firms reported a...more

In re BNA Subsidiaries, LLC

Final Report in Chapter 11 Case Filed by BNA Subsidiaries, LLC

For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/BNA-Subsidiaries-LLC_c_192.html For more information about major bankruptcy cases, please visit our...more

In re BNA Subsidiaries, LLC

First Amended Disclosure Statement with Respect to the First Amended Plan of Reorganization

For other documents from this bankruptcy case, please visit: http://www.chapter11cases.com/BNA-Subsidiaries-LLC_c_192.html For more information about major bankruptcy cases, please visit our...more

In re Canyon Systems Corp. , 343 B.R. 615 (2006)

Can a trustee in bankruptcy recover damages from those who profited from an insolvent pyramid scheme?

No, the bankruptcy trustee cannot recover damages under state law against those who profited from an unlawful pyramid scheme, but it can void fraudulent transfers of pyramid scheme profits. Canyon sold gold coins to...more

Monea v. Zimmerman, No. 91-4127 (1992)

Is a default judgment an appropriate sanction for failing to turn over documents and respond to interrogatories in the bankruptcy...

The Court of Appeals ruled that a default judgment was appropriate when the defendants were given multiple extensions and accommodations to complete production requests. Also, the court ruled that the mere fact that a...more

Cunningham v. Brown , 265 U.S. 1 (1924)

Cunningham v. Brown

The Supreme Court held that the participants in Charles Ponzi's famous scheme who cashed out just before the schemes collapse had to repay the money received and join others similarly situated as general creditors of his...more