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ADVERTISEMENT Ex-LeClairRyan GC Hit With Criminal Obstruction Charge Law360 (July 15, 2021, 9:38 PM EDT) -- Federal prosecutors hit LeClairRyan's former general counsel with a criminal obstruction charge Wednesday, claiming that the disbarred attorney impeded a U.S. Trustee Program proceeding in 2019, the same year he was accused of misappropriating funds from a bankrupt title insurer's trust. Bruce Matson, who was disbarred last year amid allegations that he misappropriated $2.5 million from the LandAmerica Financial Group's trust, is charged with one count of obstruction of an official pr...

4 Min Read (Reuters) - Retired U.S. Bankruptcy Judge Cornelius Blackshear, who was involved in notable Chapter 11 cases from Pan Am to Johns Manville, died on June 10 following a stroke-related illness. He was 81. REUTERS/Chip East Before sitting on the Southern District of New York bankruptcy bench from 1985 until 2005, Blackshear worked for the U.S. Department of Justice’s bankruptcy watchdog, the U.S. Trustee Program. In 1983 he became the first Black U.S. Trustee, according to a statement from Fordham Law School, where he earned his law degree and later taught. Blackshear represented th...

Justice Department objects to National Rifle Association's bankruptcy plan By Khristopher J. Brooks NRA files for bankruptcy The U.S. Department of Justice is objecting to the National Rifle Association's bankruptcy plan, pointing to what the agency says is mismanagement of funds by leaders of the gun advocacy organization.  Lisa Lambert, assistant U.S. Trustee in the DOJ's Trustee Office, said Monday during the NRA's bankruptcy case in Texas that the group's longtime CEO, Wayne LaPierre, used NRA funds for his own purposes and failed to properly safeguarded the group's f...

« FDIC Valid-When-Made Rule Amicus Brief | Main | Rent-to-Own Dogs » posted by Adam Levitin The United States Trustee settled with three large law firms that failed to disclose the nature of their relationship with the Sackler Family Purdue when they were engaged by Purdue in its bankruptcy. The result is that these firms will return $1 million in fees.  This action has produced headlines like "Bankruptcy Watchdog Bares Teeth at BigLaw in Purdue Ch. 11," but I have a completely different take on the story. I see this settlement as an indictment of the US Trustee Program as a complete fai...

Purdue Pharma-hired law firms reach $1M settlement with DOJ FacebookTwitterEmail Purdue Pharma is headquartered at 201 Tresser Blvd., in downtown Stamford, Conn.Matthew Brown / Hearst Connecticut Media STAMFORD — Three law firms hired by OxyContin maker Purdue Pharma have agreed to collectively relinquish $1 million in fees earned from the Stamford-based firm’s bankruptcy, as part of a settlement to resolve concerns about the adequacy of their disclosures during the bankruptcy proceedings, the Department of Justice announced Thursday. The Justice Department’s U.S. Trustee Program, which...