Bankruptcy Law

LeClairRyan trustee agrees to $21M settlement with company accused of contributing to losses

The bankruptcy trustee for LeClairRyan has reached a $21 million settlement with the company that she accused of helping to further plunge the law firm into insolvency.

May 18, 2022 8:41 AM CDT

Weekly Briefs: SCOTUS to hear case on nursing home suits; Trump’s business to pay $750K to settle suit

SCOTUS agrees to hear 3 new cases The U.S. Supreme Court on Monday agreed to hear cases on overtime pay, nursing home lawsuits and erased bankruptcy debt. The cases are: • Health and Hospital Corp of Marion County, Indiana v. Talevski. At issue is whether state-run nursing homes can be…

May 6, 2022 4:25 PM CDT

Former Paul Ewing paralegal pleads not guilty to embezzling more than $600K

A former paralegal at Saul Ewing Arnstein & Lehr in Chicago has pleaded not guilty to allegations that she embezzled more than $600,000 while working on bankruptcy matters at the law firm. Becky Louise Sutton, 66, of Austin, Texas, pleaded not guilty to three counts of wire fraud and three…

May 6, 2022 4:10 PM CDT

43 restructuring lawyers jump from this law firm to Paul Hastings

Forty-three restructuring lawyers, including 18 partners, are leaving Stroock & Stroock & Lavan to join Paul Hastings in what is one of the largest lateral group moves of the 21st century.

Apr 1, 2022 9:59 AM CDT

Weekly Briefs: Summer associates see higher offer rates; judge won’t dissolve NRA

Offer rates climb for summer associates Offer rates for summer associate spots last year reached their highest mark since 2007, according to a report released Tuesday by the National Association for Law Placement. Fifty-eight percent of callback interviews resulted in offers for summer positions, according to the report, Perspectives on…

Mar 4, 2022 2:18 PM CST

Hertz can’t hide number of police reports filed against customers, judge rules

A bankruptcy judge in Delaware ruled last week that car rental company Hertz can’t seal information on the number of police reports that it filed against customers.

Feb 15, 2022 10:27 AM CST

Lawyers in 2 states sanctioned over association with national bankruptcy law firm

Updated: Lawyers in Iowa and Virginia have been sanctioned for their association with a national bankruptcy law firm accused of using high-pressure tactics to sign up clients.

Feb 14, 2022 1:59 PM CST

2021 was one of the worst years in decades for BigLaw bankruptcy practices

BigLaw bankruptcy practices suffered a big downturn last year as fewer large companies sought bankruptcy protection.

Feb 14, 2022 8:46 AM CST

Lawyer can’t erase costs of disciplinary proceedings in bankruptcy, 7th Circuit rules

A Wisconsin lawyer can’t use bankruptcy to avoid an order to pay the costs of an ethics proceeding against him, a federal appeals court ruled Monday.

Feb 9, 2022 11:20 AM CST

Bankruptcy court had no authority to shield Sackler family in Purdue Pharma bankruptcy, judge rules

A bankruptcy judge had no statutory authority to shield the Sackler family—which owns debtor Purdue Pharma—from civil lawsuits related to the drugmaker’s marketing of the opioid OxyContin, a federal judge ruled Thursday.

Dec 17, 2021 10:40 AM CST

Real estate lawyer will plead guilty in case accusing him of stealing millions in client escrow cash

New York City real estate lawyer Mitchell Kossoff is expected to plead guilty as soon as this week to allegations that he stole millions of dollars in clients’ escrow money.

Dec 7, 2021 3:00 PM CST

Ex-LeClairRyan general counsel gets prison time, while firm insurer agrees to pay $10M to bankruptcy trustee

The former general counsel of the defunct law firm LeClairRyan was sentenced to 44 months in prison in Richmond, Virginia, on Monday for lying to the U.S. Trustee Program while trying to thwart an investigation into his embezzlement of more than $4 million.

Nov 23, 2021 10:02 AM CST

LeClairRyan trustee agrees to $21M settlement with company accused of contributing to losses

Weekly Briefs: SCOTUS to hear case on nursing home suits; Trump’s business to pay $750K to settle suit

Former Paul Ewing paralegal pleads not guilty to embezzling more than $600K

43 restructuring lawyers jump from this law firm to Paul Hastings

Weekly Briefs: Summer associates see higher offer rates; judge won’t dissolve NRA

Hertz can’t hide number of police reports filed against customers, judge rules

Lawyers in 2 states sanctioned over association with national bankruptcy law firm

2021 was one of the worst years in decades for BigLaw bankruptcy practices

Lawyer can’t erase costs of disciplinary proceedings in bankruptcy, 7th Circuit rules

Bankruptcy court had no authority to shield Sackler family in Purdue Pharma bankruptcy, judge rules

Real estate lawyer will plead guilty in case accusing him of stealing millions in client escrow cash

Ex-LeClairRyan general counsel gets prison time, while firm insurer agrees to pay $10M to bankruptcy trustee

Lawyer facing ‘world of financial claims’ could be jailed for refusing to turn over records in bankruptcy

Doctor accused of showing his gun during Zoom court faces contempt hearing

Hunt for Girardi Keese assets leads to some unusual recoveries and Erika Girardi appeal

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Muslim lawyer can't sue over revoked BigLaw job offer based on this theory, federal judge rules

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