Oct 16
A Connecticut federal court sentenced a bankruptcy attorney Friday to more than five years in prison and ordered him to pay $4.8 million in restitution for embezzling at least $3.4 million, according to prosecutors. read more
Oct 16
After nearly a decade of recession-accelerated change in the legal industry, "merit-based" compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are read more
Oct 13
A Bahraini bank and the investment arm of a Yemeni bank cannot avoid Chapter 11 clawback suits brought by creditors of Arcapita Bank BSC, a New York bankruptcy judge ruled Friday, saying the parties knowingly availed themselves of the U.S. court syst read more
Oct 13
A Delaware bankruptcy judge on Friday allowed solar panel maker Suniva Inc. to take on roughly $3 million in additional post-petition financing the debtor said was needed to keep up its unusual restructuring efforts that hinge on prosecuting an impor read more
Oct 13
A California federal judge Friday tossed out claims by a trio of law firms for $25 million in damages from the Consumer Financial Protection Bureau for the agency’s suit accusing them of illegally collecting advance fees for debt relief work, b read more
