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Top illinois lawyer news stories... |
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A Dewey Bankruptcy Filing Would Raise Novel Issues |
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Although a string of law firms have filed for bankruptcy in recent years, Dewey & LeBoeuf would be the largest to file for Chapter 11 and would raise novel issues for creditors and the courts, bankruptcy lawyers say. Rather than a more traditional scenario where the secured creditors are the banks, the bankruptcy would involve hundreds of millions of dollars of secured bank and bondholder debt. Other issues that could complicate a Dewey bankruptcy include a criminal investigation and the firm's large global footprint. |
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No Liability Found For Texting Driver Just Before Crash |
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A person can't be sued for allegedly helping to cause an accident by texting a driver, a New Jersey judge has held. The judge dismissed civil aiding-and-abetting claims brought by a couple on a motorcycle who each lost a leg after being hit by a pickup driver who was texting just before the accident. The ruling leaves intact claims against the driver. |
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Mississippi Law Restricts State Use of Outside Counsel, Curbs Payouts |
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Mississippi Governor Phil Bryant has signed a law that will place significant restrictions on the way the state uses outside counsel. Mississippi joins Arizona, Florida and Indiana in taking steps to curtail big payouts for plaintiffs lawyers with strong ties to public officials. |
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SEC Bars Andrews Kurth Lawyer From Appearing Before Agency for a Year |
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Spencer Barasch, the head of Andrews Kurth's corporate governance and securities enforcement practice, has been barred from appearing before the U.S. Securities and Exchange Commission for one year for violating federal conflict of interest rules. |
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Clash of the Tech Titans Sure to Get Personal |
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Billions could be at stake in a bitter feud between Hewlett-Packard and Oracle set to go to trial this week. The suit centers on the breakup of a longstanding partnership in which Oracle developed database software for HP's Itanium-powered Integrity servers. But the court filings read more like indictments of each company's hiring practices. |
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