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Milbank Tweed Hadley & McCloy LLP can serve as counsel for children's clothing retailer Gymboree Group Inc. as it looks to liquidate most of its business in Chapter 11, a Virginia bankruptcy judge ruled Friday, finding the firm is not conflicted simply because it represents Gymboree creditors in other matters.
As the U.S. Environmental Protection Agency studies the possibility of regulating the levels of per- and polyfluoroalkyl substances in water, states, industry and the public are jostling for influence and preparing for potential new liability concerns in M&A and real estate transactions, as well as court fights over site cleanups.
Development on a 1,200-acre tract owned by chemical company BASF Corp. was not possible because of its Superfund designation and state and federal controls during assessment periods in question, the New Jersey Tax Court has ruled.
The Second Circuit on Friday revived U.S. Bank's New York federal court suit seeking to make Bank of America buy back a $9 million mortgage loan from a commercial mortgage-backed securities trust, ruling that the case shouldn't be sent back to where it began in Indiana but should be decided under Hoosier state law.
Wall Street regulators fared well in Friday’s spending package, with the Commodity Futures Trading Commission securing its first budget increase in four years and the U.S. Securities and Exchange Commission receiving tens of millions of dollars more than it bargained for, including cash to relocate in Manhattan.