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The fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.
The Layoff List: By the Numbers
Employment shifts at The Am Law 200, Global 100, and Other Firms of NoteFormer IndyMac CEO Michael Perry emerged from humble beginnings to head once one of the biggest regional banks in the country. Then, in 2008, he had a spectacular fall from grace. IndyMac collapsed, and Perry eventually got sued by both the SEC and the FDIC. But thanks to Veta, Perry has now gone a long way toward clearing his name.
The AIG litigation machine keeps humming as a New York federal judge declines to dismiss a class action alleging that the insurer misled shareholders about its credit default swap portfolio.
This could be a game changer, folks--and it couldn't come at a more critical moment for opponents of the deals that keep generic drugs off the market.
The Justice Department has been accused by a bankruptcy judge of engaging in "unacceptable conduct" in reaching a settlement with Kaye Scholer, which in turn has been blamed for acting unethically in advising GSC Group in the investment firm's Chapter 11 proceedings. Judge Shelley Chapman's attack on the department came during a Tuesday hearing.
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