Category: Legal Services

Many of you are aware of a recent series of television and print ads from a group calling itself Citizens for a Pro-Business Delaware purporting to seek legislative changes to increase transparency and accountability in the Court of Chancery. In fact, this group’s goal is not to improve our judicial system, but instead, to unfairly malign…

Global law firm Hogan Lovells has hired former Delaware Bankruptcy Court Judge Kevin Carey as a partner in its Business Restructuring and Insolvency practice in Philadelphia starting October 1. He officially retired from the court on August 31. “Judge Carey’s superlative reputation is well earned—in his 18+ years on the bench, he presided over some…

Delaware’s lawsuit climate has reclaimed the number one ranking in the U.S. Chamber Institute for Legal Reform‘s (ILR) national survey. Starting in 2002, the state ranked in first place every year until dropping to 11th place in 2017. The drop in ranking took place after the General Assembly banned “loser pays” provisions in company bylaws…

After 36 years at Richards, Layton & Finger, Greg Varallo makes a move

It’s never too late for a second act. Gregory Varallo, an attorney with Richards, Layton & Finger for nearly four decades, has made a late-career leap into a new firm. His three-year term as president of RLF, which is Delaware’s largest law firm, ended June 30. Now he’s taking over the Wilmington office of investor-side…

By Ken Mammarella Citizens for a Pro-Business Delaware today announced its plan to tackle legal reforms outside of the TransPerfect case that sparked its creation in April 2016. Originally formed by TransPerfect employees to oppose the judge-ordered dissolution of the company, the group plans to spend $500,000 to $1 million in the next six months to…

Economic cycles, retail struggles drive bankruptcy case load

By Alex Vuocolo Digital Editor/Senior Reporter Delaware has long been a popular venue for bankruptcy litigation. Lately, though, the U.S. Bankruptcy Court District of Delaware appears to be getting even busier, and the causes are difficult to parse. Between 2017 and 2018, bankruptcy cases filed in the district increased from 2,830 to 3,199. That is…

Richards, Layton & Finger, the state’s largest law firm, has elected Doneene K. Damon as president. Lisa A. Schmidt will serve as executive vice president, and Paul M. Altman will serve as senior vice president. Damon is the first woman and the first African American to serve as president of the firm. Only a handful of…

The Delaware Court of Chancery on June 11 issued a consent judgement forcing four limited liability companies to relinquish their Delaware certificates of formation. Backpage, which pleaded guilty to crimes related to promoting human trafficking, has ceased operations and forfeited its assets to the U.S. government. The judgment means Backpage.com, LLC, Website Technologies, LLC, Posting…

Robinson+Cole (R+C) has announced the addition of Jamie L. Edmonson to the firm’s growing Bankruptcy + Reorganizations practice. She joins as partner in the Wilmington office from Venable LLP, where she was partner-in-charge of the office. “The continued growth of our Bankruptcy + Reorganization Practice Group is one of our firm’s key strategic objectives, as…