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Mary Jo White to Rejoin Debevoise & Plimpton

Submitted by jhartgen@abi.org on

Mary Jo White, the former top government securities law enforcer, is returning to Debevoise & Plimpton, the New York-based law firm where she previously headed its litigation department, the New York Times reported today. White, who announced plans in November to leave the Securities and Exchange Commission as its chairwoman, will serve as senior chairwoman of the law firm, focusing on counseling boards and representing clients on significant and delicate legal matters, including companies facing crises involving multifaceted government investigations and cases. After joining the securities commission in April 2013, White sought a stricter crackdown on securities violators, changing the agency’s practice of allowing companies to neither admit nor deny wrongdoing. More than 80 companies were brought to account in trials or administrative proceedings.

Judge Discharges Bankruptcy After 50 Cent Pays $22 Million

Submitted by jhartgen@abi.org on

A federal judge has discharged rapper 50 Cent's bankruptcy case after he paid more than $22 million, the Associated Press reported yesterday. Bankruptcy Judge Ann Nevins approved the discharge Thursday in Hartford, Connecticut. The rapper who burst onto the music scene in 2003 with his debut album, "Get Rich or Die Tryin," filed for chapter 11 reorganization in 2015, citing debts of $36 million and assets of less than $20 million. Nevins approved a plan in July calling for 50 Cent, whose real name is Curtis Jackson III, to pay back about $23 million. Jackson's lawyers said yesterday that he paid off the five-year plan early with $8.7 million of his own money and $13.65 million he received in a recent settlement of a legal malpractice lawsuit against other attorneys.