Affirmative inaction; some minority law firms report a decline in business

Article Abstract:

Some minority attorneys report a decline in business opportunities attributed to reasons including a shift in political support for affirmative action, increasing competition for legal business and even the shutdown of the Resolution Trust Corp since these cases gave much of their business to minority law firms. The ABA's Commission on Opportunities for Minorities in the Profession and the American Corporate Counsel Ass'n have begun urging their customers to give some of their outside counsel work to minority firms.

United States, Employment, Minority attorneys, Minority lawyers

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Job bias ruling; suit permitted against Georgia A.G

Article Abstract:

The US District Court of Georgia (Northern District) is allowing gay attorney Robin Shahar to go forward with her suit alleging that Georgia Attorney General Michael Bowers withdrew his job offer when he learned of her sexual preference. The causes of action are infringement of the constitutional rights to due process and freedom of speech and of association. Most employment discrimination actions brought by homosexuals target the government and allege violation of constitutional rights or civil-service protection.

Discrimination against gays, Employment discrimination

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Wieboldt's LBO suit settled; trustee finds success in fraudulent conveyance where others don't

Article Abstract:

A suit filed by the bankruptcy trustee for Wieboldt Stores Inc. uses a fraudulent conveyance argument to get money owed to unsecured creditors away from leveraged buy out (LBO) financiers. To date, $30.8 million has been recovered, the most by any fraudulent conveyance suit. The theory holds that if a failing company receives nothing for assets used as collateral to finance an LBO, the LBO is a fraudulent conveyance. While the Wieboldt case has favored unsecured creditors, other recent decisions have not.

Retail industry, Retail trade, Remedies, Leveraged buyouts, Bankruptcy, Fraudulent conveyances, Wieboldt Stores Inc.

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