bankruptcy

  • Dewey crusades for quick clawback settlement

    The hits keep coming for disgruntled former partners of the soon-to-be-defunct New York law firm Dewey & LeBoeuf. The firm’s bankruptcy team reportedly will present its former partners, whose earnings are subject to clawbacks, with an outline for how to settle claims with more than 5,000 creditors anxious to draw...

  • Former Dewey partner sues management, claims they were “running a Ponzi scheme”

    It was only a matter of time. Henry Bunsow, a former Dewey & LeBoeuf partner and IP litigation specialist who now has his own boutique firm, dropped the first publicly filed lawsuit from a former partner Tuesday in California Superior Court.

  • American defends its lawsuit against union action

    When American Airlines Inc.’s (AA) ticket counter and gate agents decided to organize a union-representation election, the airline didn’t take too kindly to it.

  • Bankruptcy lawyers reject increased DOJ oversight of fees

    Bankrupt companies may have to fear their lawyers more than their creditors, at least according to Department of Justice (DOJ) officials.

  • Dewey finally files for bankruptcy

    After nearly five full months of taking blow after blow, apparently it was time to throw in the towel. Reeling New York law firm Dewey & LeBoeuf finally filed for Chapter 11 bankruptcy protection last night in Manhattan federal bankruptcy court.

  • Owens Corning could be liable in proposed class action despite bankruptcy

    The 3rd Circuit ruled Friday that fiberglass manufacturer Owens Corning Sales could be liable for reportedly defective roof shingles despite having filed for bankruptcy, in a decision that limited one of the court’s earlier bankruptcy rulings.

  • Dewey prepares for bankruptcy

    It appears as though Dewey & LeBoeuf’s hiring of bankruptcy counsel Albert Togut in April really was foreshadowing for a final filing. Despite many assertions to the contrary by firm leadership, of which all save for one already has jumped ship, the Wall Street Journal reported Friday that the New...

  • Court reinstates $500 million lawsuit against K&L Gates

    A Pennsylvania appeals court reinstated a $500 million lawsuit that charges law firm K&L Gates with mishandling an internal investigation into now-bankrupt drink maker Le-Nature Inc.

  • Dewey’s leaders discuss downfall, next steps

    The well-publicized collapse of New York law firm Dewey & LeBoeuf likely is coming to its closing chapters. The firm has now lost about 160 of its nearly 320 partners since January 2012 to other firms, with 81 of those partners having announced their departures in May. And for many...

  • Hostess given permission to reject some union contracts

    Hostess Brands Inc. can breathe a little easier now. The Twinkie maker got a little help from a judge yesterday when it was given the green light to reject certain union contracts and modify some retiree benefits as it attempts to extract itself from the vat of Fruit Pie filling...

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