Sorrento RICO Case Naming Jackson Walker Gets Axed

By Alex Wittenberg

A Texas bankruptcy judge blocked a lawsuit in California federal court alleging Jackson Walker LLP and executives at Sorrento Therapeutics and M3 Partners conspired to forum shop in Texas so the drug developer could seek Chapter 11 protection in an "ethically compromised" bankruptcy court, ruling the suit's claims are barred by Sorrento's bankruptcy plan.

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Axip Energy Gets OK On Ch. 11 Wind-Down Plan

By Alex Wittenberg

A Texas bankruptcy judge Monday approved natural gas compressor company Axip's Chapter 11 plan, allowing the debtor to wind down its remaining assets after selling most of the business earlier this year.

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Justices Won't Review Dispute Over Tax Fraud Deadline

By Kat Lucero

The U.S. Supreme Court declined on Monday to review a woman's challenge against the Internal Revenue Service over the period in which the agency can assess taxes on a taxpayer when a fraudulent third party triggers the liability.

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Guo Trustee Seeks OK For $14.95M In Transfer Claim Deals

By Brian Steele

The Chapter 11 trustee overseeing the estate of billionaire fraudster Miles Guo is seeking approval of settlements reached in fraudulent transfer suits against insurance companies including Anthem Health Plans and Empire Blue Cross Blue Shield, as well as law firms like Chiesa Shahinian & Giantomasi PC and Morvillo Abramowitz Grand Iason & Anello PC.

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Insurers' Asbestos Suit Ducks Pump Co. Bankruptcy Stay

By Brian Steele

A Connecticut federal judge Monday agreed to lift the automatic stay that has stalled an asbestos indemnification lawsuit since October 2021, granting a joint motion from the bankrupt Nash Engineering Co.'s Chapter 7 trustee and two umbrella insurers seeking declarations that they don't owe coverage.

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Trustee Says Mass. Firm Ran Sham Law Firm Debt Scheme

By Zach Dupont

The bankruptcy estate trustee for two Colorado residents told a federal court there Monday that a Massachusetts debt-relief company, a loan services company and a bank are illegally operating in the state in violation of the Colorado Uniform Debt-Management Services Act.

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Attorney Reprimanded In $256M Defamation Case

By Rachel Rippetoe

A former Conrad & Scherer LLP managing partner must pay an Alabama coal company's attorney fees after being publicly reprimanded by an Alabama federal judge, who found he lied to the court and paid witnesses to change their testimony in his repeated lawsuits against the company.

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NJ Firm Accused Of 'Double-Dipping' On Pelvic Mesh Fees

By Daniel Connolly

Four women allege in a recently filed lawsuit that a New Jersey law firm overcharged them on legal fees related to a settlement in pelvic mesh litigation, and the recent lawsuit also relates to a long-running conflict between lawyers who formerly worked together.

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Justices Seek Input On NJ State Bar Diversity Challenge

By George Woolston

The U.S. Supreme Court has asked the federal government to weigh in on a Garden State appellate court's decision that approved a New Jersey State Bar Association system for fostering diversity in its leadership that was accused of being discriminatory.

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Blanche, Pirro Can't Be DQ'd From Trump DC Shooting Case

By Craig Clough

A D.C. federal judge held Monday that the man accused of attempting to assassinate President Donald Trump at the White House Correspondents' Association dinner can't disqualify U.S. Attorney Jeanine Pirro and acting Attorney General Todd Blanche from prosecuting him because of their presence at the dinner.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving executive compensation, take-private transactions, books and records demands, tender offers and alleged insider misconduct.

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