MBIA Inc. agreed to insure a $1.16 billion pool of mortgages without its employees reading a report the bond insurer now claims was altered to hide flaws in the loans, JPMorgan Chase & Co.’s lawyers told a judge.
Greenberg Traurig LLP, Wachtell, Lipton, Rosen & Katz, Steptoe & Johnson PLLC, Buchanan Ingersoll & Rooney PC and Kirkland & Ellis LLP acted as legal counsel on a transaction between Consol Energy Inc. and Murray Energy Corp.
General Motors Corp.’s bankruptcy, which wiped out shareholders and left taxpayers on the hook for billions of dollars, is generating a new wave of profit for hedge funds that supersized their claim by betting on an obscure pool of GM debt issued in the Canadian province of Nova Scotia.
Toronto-Dominion Bank was sanctioned by a federal judge in Miami for “willfully” concealing evidence relevant to a trial over whether it aided a $1.2 billion Ponzi scheme by disbarred attorney Scott Rothstein.
K&L Gates LLP and Australian firm Middletons agreed to combine as of Jan. 1. Middletons’ 300 lawyers in four Australian offices will bring the firm, which will continue to be known as K&L Gates, to 2,000 lawyers in 46 offices on five continents.