Today's Date: Add To Favorites
U.S. Supreme Court confirmation in about 100 days
Bankruptcy | 2010/05/10 02:35

It takes an average of about 100 days from the time a U.S. Supreme Court justice announces his or her retirement until the Senate confirms a replacement, according to Senate Judiciary Committee.

President Barack Obama on Monday nominated Solicitor General Elena Kagan as successor to the retiring Justice John Paul Stevens.

While no nomination is guaranteed to be approved by the Senate, Kagan is seen as having a good chance for confirmation. Here is a look at what she faces in the drive to be sworn in.

* In coming days, Kagan will likely have courtesy visits with Senate Democratic leader Harry Reid and Senate Republican leader Mitch McConnell. She will also visit with the 12 Democrats and seven Republicans on the Judiciary Committee who will hold the confirmation hearing.

* The 400,000-member American Bar Association, the world's largest voluntary professional association, will conduct its own review of the nominee. The ABA will deem Kagan "well qualified," "qualified" or "unqualified." While the rating will not ensure confirmation or rejection, it is certain to be a factor in Senate consideration.

* The Judiciary Committee will submit a questionnaire to Kagan. Questions will range from age, place of birth and education to net worth, copies of the nominee's public writings and speeches, potential conflicts of interest and if anyone at the White House asked how she might rule. In 2005, the panel complained that President George W. Bush's nominee Harriet Miers had inadequately filled out her questionnaire. She withdrew from consideration.



Court upholds lawyer bankruptcy advice law
Bankruptcy | 2010/03/08 09:10

The Supreme Court on Monday unanimously upheld part of the U.S. bankruptcy law that bars attorneys from advising clients to take on more debt while considering a bankruptcy filing.

The opinion by Justice Sonia Sotomayor reverses a ruling by a U.S. appeals court that a provision of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was unconstitutionally broad and violated free-speech rights.

The provision prohibits bankruptcy professionals like attorneys from advising their clients to incur more debt, such as mortgages or student loans, before filing for creditor protection.

The ruling is a victory for the U.S. Justice Department, which defended the provision. It said Congress adopted the law fight abuse of the bankruptcy system encouraged by lawyers.

Department attorneys also argued that the law can be interpreted narrowly to prohibit only advice that a client take new debt with the intent of abusing the bankruptcy system. Sotomayor agreed with that interpretation.

The Minneapolis-based bankruptcy law firm Milavetz, Gallop & Milavetz PA, two of its attorneys and two prospective clients sued in 2007, saying the law violated constitutional free-speech rights under the First Amendment.

A U.S. appeals court based in St. Louis agreed, ruling that the law prevented lawyers from fulfilling their duty to clients to give them appropriate financial advice.



Judge OKs Denver Post publisher's bankruptcy exit
Bankruptcy | 2010/03/05 11:07

A federal judge has approved Affiliated Media Inc's bankruptcy reorganization plan, clearing the way for the publisher of the Denver Post and San Jose Mercury News to emerge from Chapter 11 protection this month.

Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Delaware, at a Thursday hearing approved the plan, which he called "fair, equitable and reasonable," and warranted by "exceptional and unique circumstances."

Affiliated Media is holding company for MediaNews Group, which it said is the second-largest U.S. newspaper publisher by circulation, owning 54 daily newspapers and more than 100 non-daily newspapers.

The company has said all but one of its newspapers were profitable, but a restructuring was needed because of the slump in advertising, which generates about 80 percent of its revenue. It has said the current environment could not sustain what it called "yesterday's balance sheet."



Penton Media gets bankruptcy plan OK, to exit soon
Bankruptcy | 2010/03/05 10:58

Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward's AutoWorld, Restaurant Hospitality and National Hog Farmer, won court approval of its reorganization plan, and expects to emerge from bankruptcy within a few days.

Judge Arthur Gonzalez confirmed the New York-based company's Chapter 11 plan on Friday in Manhattan bankruptcy court.

The plan will eliminate more than $270 million of debt, with second lien holders recovering 15 cents on the dollar. Penton will get as much as $51.2 million of new equity from its owners, court records show. Management and the board of directors will remain intact.

Penton filed for a "pre-packaged" reorganization with the support of its lenders on Feb. 10, after the privately held company struggled with falling advertising sales as many readers shifted to digital media from print.

Many publishing rivals have faced similar pressures. Penton has said revenue fell 7.5 percent in 2008 and an estimated 26.2 percent in 2009.

The company is owned by private equity firm MidOcean Partners and by an investment fund sponsored by Wasserstein & Co, the buyout firm once controlled by the late Wall Street dealmaker Bruce Wasserstein.



Court OKs MediaNews parent’s Chapter 11 plan
Bankruptcy | 2010/03/04 09:06

A U.S. Bankruptcy Court judge Thursday approved the reorganization plan of the holding company of Denver’s MediaNews Group Inc., publisher of The Denver Post, the company said.

Confirmation of the “pre-packaged” plan by Judge Kevin Carey of U.S. Bankruptcy Court in Delaware will allow Affiliated Media Inc., parent of MediaNews, to emerge from Chapter 11 protection.

“We knew we had a good plan going in, and it had been approved by the lenders before it was filed,” William Dean Singleton, chairman and CEO of MediaNews Group, said in a statement. “We are pleased that it won confirmation, and that our company is now well-positioned for the changing days ahead.”

Affiliated filed under Chapter 11 on Jan. 22 and submitted a plan already approved by major creditors, allowing it to greatly reduce its debt from $930 million to $165 million in debt in exchange for equity in the company, while leaving Singleton and President Joseph “Jody” Lodovic in control of the Affiliated/MediaNews management.



Court Clears 'Florida Times-Union' Parent to Exit Bankruptcy
Bankruptcy | 2010/02/18 14:50

Morris Publishing Group's reorganization plan was confirmed in U.S. Bankruptcy Court in Augusta, Ga. Wednesday, clearing the way for the parent of The Florida Times-Union in Jacksonville and a dozen other dailies to emerge from bankruptcy as soon as March 1.

Under the plan confirmed by the court, Morris Publishing will reduce its debt from approximately $418 million to approximately $107 million.

Morris filed a "pre-packaged" bankruptcy reorganization plan in January that was approved in advance by the great majority of its bondholders and senior secured creditors.

Under the plan, Morris will swap $100 million of new second lien secured notes due in 2014 for the cancellation of about $278.5 million of outstanding senior subordinated unsecured notes that are due in 2013.

At the same time, entities owned and controlled by the Morris family will make a capital contribution of approximately $85 million and pay down intercompany debt amounting to about $25 million. That will cancel about $110 million of Morris Publishing's senior secured debt.



Movie Gallery in Chapter 11, closing stores
Bankruptcy | 2010/02/03 14:08

The nation’s second largest video chain submitted a Chapter 11 petition to the bankruptcy court in Richmond yesterday. Movie Gallery, which also owns Hollywood Video, has headquarters in Oregon.

Movie Gallery owns 16 locations in the Richmond area, and seven stores are currently having closing sales, according to its website.

In the new filing the company reported between $10 million and $50 million in assets, and $500 million to $1 billion in liabilities.

This is the second time the company filed for bankruptcy. The last time was in 2007, also filed with the U.S. Bankruptcy Court in Richmond.



[PREV] [1] ..[9][10][11][12][13][14][15][16][17].. [20] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
California voters take up Pr..
Kimberly-Clark buying Tyleno..
Man pleads not guilty to spa..
US and Australia sign critic..
Trump threatens to pull supp..
Luigi Mangione’s lawyers se..
Madagascar’s president flee..
Mexico soccer star Omar Brav..
Newsom signs bill granting U..
Former FBI Director Comey in..
Web Promo Expands as Nationw..
US lawmakers push for milita..
Call of Duty Maker Seeks Dis..
Military lawyers will serve ..
New Orleans mayor pleads not..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website and help you redesign your existing law firm site to secure your place in the internet.
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design