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Simpson Thacher & Bartlett LLP has been sued for $937,500 in New York federal court by a legal recruiter that claims it's owed a search fee for introducing the firm to a lateral partner candidate who joined its bankruptcy practice last fall. read more

The number of cases filed in federal courts declined at all levels last year, with seven-year lows at the U.S. Supreme Court, intermediate appellate courts, federal district courts and U.S. bankruptcy courts, according to a report from Chief Justice read more

PricewaterhouseCoopers LLP faces hundreds of millions of dollars in damages after a federal judge recently ruled its negligent audits of an Alabama bank contributed to one of the biggest bank failures of the financial crisis. read more

Former Dewey & LeBoeuf LLP executive director Stephen DiCarmine, who was acquitted of criminal charges in May, has been unable to settle U.S. Securities and Exchange Commission fraud claims after months of trying and is due in Manhattan federal c read more

As a new year in the world of financial restructuring unfolds, bankruptcy attorneys should be keeping tabs on the huge companies that have fallen on hard times while also tracking the cases that have called bankruptcy procedures into question. Here a read more