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That bankruptcy appears headed for litigation to sort out who did what to whom, and who should pay.
Tyco International named Gardner Courson as deputy counsel for litigation to help the company recover hundreds of millions of dollars it says was stolen by former top executives.
In addition, Deutsche Bank set aside 1.2 billion euros ($1.6 billion) to cover the cost of legal proceedings, bringing the total reserves for litigation to €4.1 billion ($5.6 billion).
Under the new regulations, the Mine Safety and Health Administration would be empowered to shut down a mine with a record of chronic safety violations — instead of waiting years for litigation to play out.
CONRAD DE AENLLE HAWAIIAN RIVALS When the Mesa Air Group decided to start an island-hopping carrier called Go to compete with Hawaiian Airlines and Aloha Airlines, it didn't take long for litigation to emerge.
His support for litigation to break up AT&T to stimulate competition in rates and service in the communications industry was equally firm over equally tough opposition from that industry.
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Not only has it provided a humane living environment for detainees, it has also greatly improved the environment for their litigation to take place and their state of mind.
"Twenty-five years is an extremely long time for any litigation to take place," Mr. Swift said.
"Because if they wait for the litigation to play itself out, this season — and seasons beyond it — may be gone".
He's been able to put together the lawyers and the funds for this litigation to be tractable".
"Target no longer wants to be strung along waiting for this litigation to be resolved," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com