Bankruptcy Law 
Eminent domain, MBS and the U.S. Constitution: a one-sided fight? – Reuters
As another critic of the eminent domain plan, law professor Anthony Sanders of George Mason University, told me in an email, “Eminent domain has been used to seize land for public improvements such as railways, highways and public building projects.
Dewey & LeBoeuf seeks $104 million from ex-partners – msnbc.com
It’s a settlement that could head off a lengthy court fight in the biggest law firm bankruptcy in U.S. history. The proposed deal would cover clawback claims the estate has against hundreds of Dewey’s former partners. The firm is seeking … Continue reading
Another California city opts for bankruptcy – msnbc.com
“The city needs breathing room and the bottom line is we cannot default on payments to our employees without violating the law,” City Attorney James Penman told the council ahead of the contentious vote. Bankruptcy experts say the decision in … Continue reading
Homeowner’s ‘Bill of Rights’ has limits – KCRA.com
Among those who will not be helped by the law are homeowners who have an open bankruptcy case, those with second or third lien mortgages, and those who are losing rental properties. In a bankruptcy case, federal bankruptcy laws would … Continue reading
Another California Bankruptcy, Away From the Coast – Bloomberg
Sometimes, municipalities end up in bankruptcy for idiosyncratic reasons … On the expense side, bargaining and benefits laws encourage municipalities to offer high and inflexible compensation. That can be more easily supported in places …
San Bernardino Council Votes to File Bankruptcy – New York Times
Ms. Travis-Miller said it would take 30 days before city staff would be prepared to file the paperwork in bankruptcy court. Under a California law passed this year, cities must hire a third-party mediator to negotiate with employee unions and … Continue reading
San Bernardino, Stockton took different routes to bankruptcy – Los Angeles Times
Stockton became the nation’s largest city to file for bankruptcy in late June after three months of state-mandated negotiations with creditors under a new California law designed to slow municipal bankruptcies and reduce lawsuits should the city …
Jacoby & Meyers Merges With Macey Bankruptcy Law – site.law360.com
Law360, New York (July 11, 2012, 3:48 PM ET) — Personal injury law firm Jacoby & Meyers LLP and Chicago-based Macey Bankruptcy Law PC announced Tuesday that they have entered into a merger to create a consumer bankruptcy firm that … Continue reading
MF Global Trustee’s $17 Million In Fees Approved By Judge – Huffington Post
July 11 (Reuters) – A bankruptcy judge on Wednesday green-lighted about $17 million in fees for the law firm that employs James Giddens, the trustee working to recover money for former customers of MF Global’s broker-dealer unit. Judge Martin …
San Bernardino, CA, votes for bankruptcy filing – Marketwatch
TEL AVIV (MarketWatch) — The city of San Bernardino, Calif., on Tuesday night voted to reorganize under Chapter 9 of federal bankruptcy law, becoming the third California city to decide to make that move in the past two weeks, media … Continue reading
