Lynn Lopucki

Lynn Lopucki News

  • Lehman Recovery Seen as Justifying $2 Billion Bankruptcy

    Harvey Miller, the lawyer guiding Lehman Brothers Holdings Inc. through the biggest-ever U.S. bankruptcy, sipped a cappuccino at a tourist-filled cafe near Manhattan’s Central Park and reflected on how his client’s collapse five years ago went from unthinkable to inevitable.

  • Blockbuster Stockholders Stay Hopeful in Bet Against Steep Bankruptcy Odds

    Blockbuster Inc. ’s stock must be worth something, according to Ron Krenn, a 48-year-old day trader in Daytona Beach, Florida, who hopes to profit on the equity of what was once the world’s largest movie rental chain, seven months after it filed for Chapter 11.

  • Bankruptcy Costs Rise 9.5% a Year on Fees for Advisers, Professors Say

    Bankrupt companies’ costs rose 9.5 percent a year, or four times the inflation rate, as judges approved almost 99 percent of the fees demanded by lawyers and other professionals, according to University of California, Los Angeles professors Lynn LoPucki and Joseph Doherty.

  • BP, Extended Stay, Vegas Strip Property: Bankruptcy

    U.S. Representative John Conyers Jr., chairman of the House Judiciary Committee, introduced a bill on June 10 that would take away some of BP Plc’s bankruptcy options, should it choose reorganization to resolve liabilities for the oil spill in the Gulf of Mexico.

  • Weil Gotshal to Fire 60 Associates, Cut Some Partner Pay

    Weil, Gotshal & Manges LLP, a 1,200- lawyer firm that handled the largest bankruptcy in U.S. history, plans to fire 60 salaried attorneys and 110 staff and cut some partners’ pay.

  • White & Case, Schulte Roth, Skadden, S&C: Business of Law

    White & Case LLP hired mergers and acquisitions lawyer Daniel Dufner as a partner in the firm’s New York office. Dufner, who joins from Linklaters LLP, was previously a partner at White & Case from 2004 to 2009. Dufner represented WellPoint Inc. in its $4.9 billion acquisition of Amerigroup Corp. He has also represented EchoStar Corp., Dish Network Corp. and Blockbuster Entertainment Corp., the firm said.

  • BP May Saddle Asset Buyers With Suits as Claims Rise

    BP Plc may saddle potential buyers of its assets with lawsuits as Europe’s second-biggest oil company tries to raise money to pay claims that may reach $100 billion from the Gulf of Mexico spill, lawyers said.

  • Lehman's $11 Billion Barclays Bankruptcy Trial Returns From Summer Break

    Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.

  • BP Bankruptcy Would Be No Protection From Gulf Spill Costs

    BP Plc , whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said.

  • Lehman Pays Managers, Advisers $31.9 Million in March, SEC Filing Shows

    Lehman Brothers Holdings Inc. , whose fees to advisers have exceeded $1.2 billion during its bankruptcy, paid lawyers and managers $31.9 million in March.

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