bankruptcy

  • 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...

  • Dewey warns employees that firm could shut down

    Signs are now solidly pointing toward the end for New York law firm Dewey & LeBoeuf. Dewey issued advance notice to its employees under the Federal Worker Adjustment Retraining and Notification Act (WARN) last Friday that they may soon lose their jobs if the firm is forced to shutter.

  • Dewey’s potential merger with SNR Denton falls apart

    Following Monday’s revelation that failing New York law firm Dewey & LeBoeuf’s management team sent a memo to all of its partners suggesting they seek other employment, things have continued to head south.

  • Tennis racquet maker files for bankruptcy

    Prince Sports Inc., pioneer of the infamous oversized tennis racquet, has filed for Chapter 11 protection.

  • Dewey encourages partners to jump ship

    It looks like the bitter end may be near for embattled New York law firm Dewey & LeBoeuf. The remaining four members of the firm’s new management team, following Steven Davis’ ouster over the weekend amid questions surrounding his conduct and a Manhattan district attorney’s office probe, sent a memo...

  • N.Y. prosecutors probe Dewey & LeBoeuf, firm cuts ties with executive

    Things continue to look bad for New York law firm Dewey & LeBoeuf. Over the weekend, reports surfaced that New York prosecutors are investigating the beleaguered firm over allegations of wrongdoing by Steven Davis, formerly firm chairman and, until yesterday, part of its recently appointed five-person management team.

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