Property Damage Claimant In Grace Bankruptcy Denied Relief From Confirmation Order

WILMINGTON, Del. - A recent court ruling that further defines when a claim arises in bankruptcy does not constitute an exceptional circumstance warranting relief from confirmation of W.R. Grace & Co.'s Chapter 11 reorganization plan sought by a property damage claimant, a federal judge in Delaware...

Judge Accepts BP's Guilty Pleas, Agreement To Pay $4.5B In Penalties

NEW ORLEANS - A federal judge in Louisiana on Jan. 29 approved BP Exploration & Production Inc.'s offer to plead guilty to 11 counts of manslaughter and pay $4.5 billion in criminal penalties for its role in the explosion of the Deepwater Horizon oil rig on April 20, 2010, and ensuing oil spill...

Bankruptcy Judge Rejects Barclays' Fee Enhancement For Work On ASARCO Case

CORPUS CHRISTI, Texas - Barclays Capital Inc. was adequately compensated for the 14 months of financial advisory services it provided in ASARCO LLC's bankruptcy case and is not entitled to a fee enhancement because Barclays should have anticipated the complicated developments in the case when it...

Attorney Claims Asbestos Firm Failed In Duty As Self-Insured Malpractice Carrier

SAN FRANCISCO - In a complaint filed July 1, an attorney claims that asbestos plaintiffs' law firm's conduct and errors resulted in legal malpractice claims against him and that the firm violated the California's unfair competition law (UCL) by failing to properly defend him from the charges...