ABI Blog Exchange

NYT: Court Says Ex-Wife May Retain Ponzi Scheme Money

By PETER LATTMAN J.B. Nicholas/Bloomberg NewsThe Ponzi schemes that came to light during the depths of the financial crisis have spawned various lawsuits seeking to claw back money from divorce agreements. Now, in one case, a court has said: Hands

“Clear Heads . . . and Honest Hearts” – United States Supreme Court Pares Bankruptcy Court Jurisdiction in the Anna Nicole Smith Case

Yesterday, in a 5-4 decision captioned Stern v. Marshall, the Supreme Court held that the Constitution precludes federal bankruptcy judges from entering a final judgment on a state law counterclaim that is not resolved in the process of ruling on the

Perceived Pay-for-Performance Disconnect Brings Say-on-Pay Shareholder Derivative Suits

Some shareholders are using lawsuits as a new tactic to fight what they perceive as an escalation in executive compensation. Shareholders are likely to find these suits difficult to push through the courts on their merits, but the suits can cost

Perceived Pay-for-Performance Disconnect Brings Say-on-Pay Shareholder Derivative Suits

Some shareholders are using lawsuits as a new tactic to fight what they perceive as an escalation in executive compensation. Shareholders are likely to find these suits difficult to push through the courts on their merits, but the suits can cost

When Can Chapter 7 Debtor Sell Or Rent Upside Down Property Listed On Bankruptcy Petition?

One of my bankruptcy clients owns an upside down investment property. The client listed the property as an asset with no equity and stated his intention to reaffirm the debt. If the trustee does not assert an interest in the...

Lessons From the Dreier Law Firm Bankruptcy

On May 24, 2011, Judge Bernstein, a Southern District of New York Bankruptcy Judge, rendered a decision in Gardi v. Jana (In re Dreier LLP), Adv. Pro No. 10-03642, which highlights some of the risks that a client may face when represented by

Howrey LLP Bankruptcy: Creditors' Committee Selected

CNBC: Interview with U.S. Postmaster General Regarding Possibility of Bailout

WSJ: Greece Reaches Deal with EU, IMF

US Supreme Court's Bombshell Opinion in Stern v. Marshall Draws the Line Against Incremental Erosion of Article III Judicial Power

In my last post, I posited whether the Court's decision in Stern v. Marshall would be a bombshell or a dud. It certainly was no dud. And after reading the 5-4 opinion, I'd say that it's a bombshell in several respects, both from a bankruptcy and