Foreclosures on home mortgages hit a new high. Nationally foreclosures rose by 38 percent this quarter, higher than any quarter in 2005. The numbers are even higher in the Midwest, Michigan and Ohio being hit the hardest because of automotive-related job losses.

“There are many reasons for the growing number of defaults, and there [...]

This Florida Court may be on the cutting edge of settling disputes between parties. Below is the Order from US District Court involving a case where the parties cannot agree on a location to hold depositions. The Court has an appropriate idea on the resolution of this thorny issue:

UNITED STATES DISTRICT COURT MIDDLE [...]

On Monday, June 5, the judge in the Delta’s Chapter 11 case approved $41.4 million in expenses and fees for services provided by Delta’s attorneys and advisors for the first 4 Ω months of the case.

The professional fees are estimated to reach $205 million if billing continues at the same rate and Delta [...]

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Meeting in New Orleans, the board of governors for the world’s largest association of legal professionals approved the creation of an all-star legal panel with a number of members from both political parties.
They include a former federal appeals court chief judge, a former FBI director, and several prominent scholars — to evaluate Bush’s assertions that [...]

The verdicts have now been handed down in the trial of Ken Lay and Jeff Skilling. Sentencing is set for September 11, and the appeals process will no doubt keep the former Enron executives out of jail for a while. But what about some of the other high-profile business disasters of the last few years? [...]

In an effort to raise money to pay victims of clergy sex abuse the Catholic Diocese of Spokane is selling its property. The Pastoral Center was constructed in 1910, has 28,968 square feet, with an asking price of $1.5 mil.

“Spokane is one of three U.S. dioceses that have filed for bankruptcy because of the [...]