Honolulu law firm Lynch Ichida Thompson & Hirota has filed for Chapter 11 bankruptcy protection, and saw all but one of its attorneys leave the firm this week. The general practice and civil litigation firm, which employed seven attorneys, filed for bankruptcy reorganization on February 17th. Since then, partners Wesley Ichida, William F. Thompson III and Maile [...]
Continue reading...Wednesday, February 25, 2009
In the wake of chemical giant LyondellBasell filing for Chaptel 11, several top firms in the United States and the United Kingdom find themselves involved. Cadwalader Wickersham & Taft has secured a leading role for the company in the US, with financial restructuring group heads Deryck Palmer and John Rapisardi leading the team. In the UK, [...]
Continue reading...Monday, February 23, 2009
U.S. Bankruptcy Judge Kevin Cary has ruled that lawyers for the Tribune Company’s bankruptcy case cannot charge hourly fees that exceed four figures. Lawyers from Sidley Austin LLP, who is representing Tribune in the case, wanted hourly rates that went as high as $1,100. That is the highest rate ever sought for a firm dealing in [...]
Continue reading...Sunday, January 18, 2009
The international law firm Greenberg Traurig has added Nathan A. Haynes to its New York office as a shareholder in the Business Reorganization & Bankruptcy Practice group. Prior to joining Greenberg Traurig, Haynes was with Cadwalader, Wickersham & Taft LLP where he was recently elected to the partnership. Haynes represents debtors in Chapter 11 cases and out-of-court [...]
Continue reading...Wednesday, January 14, 2009
Another ex-Cadawalderer has landed a new gig: Bruce Zirinsky, the New York firm’s long-time financial restructuring group head, has joined Greenberg Traurig’s Big Apple office, along with long-time colleague John Bae. Zirinsky joins as co-chairman and Bae as senior member. For over 30 years, Zirinsky has represented debtors, creditors, investors and other parties in large and complex restructurings, reorganizations, acquisitions, financings [...]
Continue reading...Tuesday, December 30, 2008
What’s left of San Francisco’s Heller Ehrman, which dissolved in November, has filed for Chapter 11 bankruptcy protection. Former Heller partner Peter Benvenutti said the firm filed not because it is out of money, but because its main two creditors, Bank of America and Citibank, have refused to renegotiate the terms of a $5.7 million debt. Last week a [...]
Continue reading...Friday, December 19, 2008
From Financial Week: The counter-cyclical practices of bankruptcy lawyers are thriving amid the worst business collapse since the Great Depression. Their firms are buried in an avalanche of Chapter 11 filings and those represent only half of the workload as troubled companies attempt to restructure their finances outside of court supervision. But the unprecedented lack of [...]
Continue reading...Friday, December 19, 2008
Wes & Diane McLeod, who placed a deposit on a unit at Trump Tower Tampa, are suing the developers of that failed project in a potential class action claiming escrow money from deposits was improperly spent. The McLeod’s filed their complaint in circuit court against developers Frank Dagostino, Robert E. Lyons and Patrick Sheppard, as well as the [...]
Continue reading...Wednesday, December 17, 2008
Federal bankruptcy filings rose by 30% for the 12-month period ending September 30th, while business filings climbed 49% in the same period, according to the Administrative Office of the US Courts. Q4 numbers showed a 34% increase in that quarter alone, according to the report. Individuals seeking bankruptcy protection represent the bulk of filings, with a total [...]
Continue reading...
Sponsored by |
Friday, February 27, 2009
1 Comment