A federal judge clarified when the National Collegiate Athletic Association must scrap rules barring student athletes from seeking a share of its $800 million in annual broadcast revenue.
Read More »Microsoft group guards patent secrets in $7 billion Nortel trial
Microsoft Corp. will have lawyers on hand to guard secrets surrounding more than 6,000 patents that it teamed up with Apple Inc. and Sony Corp. to buy for $4.5 billion.
Read More »Detroit may file $18 billion bankruptcy plan in two weeks
Detroit’s emergency financial manager may file a proposed debt-adjustment plan in federal court in about two weeks, an action that would start the final phase in the city’s record $18 billion municipal bankruptcy.
Tagged with: Detroit
Read More »Detroit to stay under bankruptcy protection, judge says
Detroit can remain under bankruptcy court protection, where it’s shielded from lawsuits or other actions that might interfere with its attempts to reduce debt and cut employee benefits.
Tagged with: Bankruptcy Detroit
Read More »Fisker bankruptcy judge to consider fast-paced sale
Fisker Automotive Inc., the hybrid-car maker that failed after losing a U.S. government loan, may be sold by Jan. 3 under a schedule approved by the judge overseeing its bankruptcy case.
Read More »Detroit judge says he will issue bankruptcy ruling Dec. 3
The judge overseeing Detroit’s bankruptcy case will issue an oral decision Dec. 3 on whether the city is eligible to remain under court protection.
Tagged with: Bankruptcy
Read More »Detroit lawyers’ track record ranges from Chrysler to Dodgers
Detroit’s bankruptcy started with a mad dash to a federal courthouse, much as Orange County, Calif.’s did in 1994, when it undertook a billion-dollar restructuring. What they shared was a need for speed and the lawyer who led the way: Bruce Bennett, a Los Angeles-based bankruptcy attorney.
Read More »Tribune judge may rule on bankruptcy exit plan by July
Tribune Co., the biggest newspaper publisher in bankruptcy, may learn by early July whether it has won the first of two rulings it needs to leave bankruptcy this year, lawyers involved in the case said.
Read More »