Read MLM/Direct Sales Law updates, articles, and legal commentary from leading lawyers and law firms:
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
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
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
For other documents from this bankruptcy case, please visit:
For more information about major bankruptcy cases, please visit our...more
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
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
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
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