While 24 states have legalized recreational marijuana use, it remains a criminal activity under the federal Controlled Substances Act, and bankruptcy courts generally have been a rather hostile forum for debtors employed in the marijuana industry.
An Iowa lawyer has received a two-year suspension for helping a client hide money from creditors and for "furtively" inserting a provision into a custody agreement.
A proposed class action lawsuit filed by investors in cryptocurrency exchange FTX accuses Sullivan & Cromwell of aiding and abetting fraud by providing legal services that went “well beyond” usual legal work.
Updated: Former National Rifle Association CEO Wayne LaPierre didn’t consult his general counsel before the group sued its advertising agency and sought bankruptcy protection, two legal filings that didn’t end well for the NRA, according to testimony Tuesday.
Johnson & Johnson is seeking to move a unit to Texas as it prepares for a potential third bankruptcy court filing to resolve more than 50,000 lawsuits alleging tainted talc in its baby powder caused cancer.
Former U.S. Bankruptcy Judge David R. Jones of Houston has said he is immune from an Oct. 4 lawsuit contending that he retaliated against a litigant who revealed the judge’s relationship with a lawyer whose law firm had cases before the court.
Lawyer Rudy Giuliani, who once represented former President Donald Trump, owes more than $152 million, and that doesn’t include the potential damages that he faces in pending lawsuits, according to his Chapter 11 bankruptcy filing Thursday.
Updated: Rudy Giuliani, once a lawyer for former President Donald Trump, can’t immediately appeal a recent $148 million verdict against him for defaming two Georgia election workers.
A former partner at Texas bankruptcy law firm Jackson Walker denied any current relationship with a bankruptcy judge when the firm questioned her in March 2021, the firm said in a court filing Monday.
Before Stroock & Stroock & Lavan announced plans to dissolve “at the appropriate time,” the law firm appeared to be readying for an "orderly dissolution" that does not put partners at risk.
An analysis by Reuters has concluded that Texas bankruptcy law firm Jackson Walker failed to disclose whether it had checked for connections between its lawyers and judges in at least 27 cases.
A bankruptcy judge in Houston has resigned after an ethics complaint alleged that he had an “intimate relationship” with a lawyer who financially benefited from cases before him.
A judge overseeing the criminal fraud trial of FTX founder Samuel Bankman-Fried has told defense lawyers multiple times to stop repeating themselves, telling one of them in a sidebar that he doesn’t have to "set a record for the longest trial."
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