Tuesday, November 26, 2024

Bankruptcy

Jackson Walker embroiled in controversy after alleged romance with judge highlights potential ethical violations

The fallout from the affair involving a Texas bankruptcy judge and a former Jackson Walker LLP partner has put at least $13 million in fees at risk, and bogged...

Debevoise and Department of Justice Clash over Sentencing Reform, Potential Supreme Court Battle Ahead

Welcome back to the Big Law Business column. I’m Roy Strom, and today we explore how a Debevoise & Plimpton pro bono project might...

Celsius Requests $2 Billion Withdrawn Prior to Declaring Bankruptcy

Advisers overseeing the wind-down of Celsius Network LLC are demanding major customers who collectively withdrew more than $2 billion from the crypto...

FTX Investigation: Probing Whether Legal Firm Is Compromised by Conflicts of Interest

An investigation into Sullivan & Cromwell’s connection with FTX is set to test the elite Wall Street firm’s claim that...

Kirkland Files for Sanctions and Dismissal of Lawsuit Alleging Judge Romance (1)

Kirkland & Ellis has requested the dismissal of a lawsuit accusing them of being aware of a former Texas bankruptcy judge's undisclosed romantic relationship...

Leaving the Big Law Work-Life Balance Trap: Embracing Integration

When I got my first job after graduating from law school at a prestigious Big Law firm, I was thrilled. It felt like a...

Bayer considering filing for bankruptcy in Texas over Roundup lawsuits

According to sources familiar with the situation, Bayer AG is considering using the Texas Two-Step bankruptcy tactic to address the numerous lawsuits in the...

Policy on Selective Judge Shopping Targets Political Lawsuits

The new policy implemented by the federal judiciary to address judge shopping seems to overlook the specific types of cases...

Trustee Expresses Doubt on Alex Jones’ Media Company Reorganization

The parent company of Alex Jones’ Infowars program seems unlikely to reorganize in bankruptcy due to an irreparable feud between...

Advisers Profit Millions from Bankruptcy While Opioid Victims Receive Nothing

Nancy Zailo is at the back of the line. She's behind Jeffrey Stein, the Rite Aid Corp. chief executive collecting $300,000 paychecks every month....

Infowars Parent Company Seeks New Bankruptcy Attorney After Alex Jones’ Departure

The owner of Alex Jones’ Infowars has stated that the relationship with their current lawyer has deteriorated to a point...