Fees, Please: It costs a lot to go bankrupt if you are the biggest company to ever do so. Lehman Brothers' three-year-old Chapter 11 has been lucrative for lawyers and consultants, with $1.6 billion in fees generated so far in the case, CNNMoney reports. Lehman Brothers' primary law firm, Weil, Gotshal & Manges, is set to collect $383 million for its work.
Today is Super: It's the busiest day of the primary season -- Super Tuesday -- with 10 states holding contests to find a Republican challenger to President Barack Obama. Mitt Romney can seize command of the Republican presidential race today with big wins in states like Ohio, but his challengers hope to take a few states away from him, Reuters writes. Meanwhile, Obama plans to steal a little of the political spotlight with his first formal news conference since last year, CNN reports.
Salty Dispute: An avid moviegoer in Michigan has filed a class-action lawsuit against AMC Theaters in that state over the price of popcorn and other concessions, the L.A. Times reports. The suit will test the boundaries of Michigan's price-gouging law, and could spark similar lawsuits across the nation if successful, the lawyers say.
Supreme Court Insider: The Supreme Court newsletter launched a series Monday that examines each of the four issues the Supreme Court will consider later this month while weighing the constitutionality of the Affordable Care Act. In Monday's newsletter, we have an analysis of the threshold question of jurisdiction, as well as a profile of Covington & Burling's Robert Long, who will argue the issue March 26. The newsletter also has pro and con columns on jurisdiction by Alan Morrison of George Washington University Law School and the Cato Institute's Ilya Shapiro. Click here for a look at the newsletter and more information on subscribing.
Big Hits: NFL players and coaches could theoretically be prosecuted in the U.S. for battery as part of the New Orleans Saints "bounty" scheme, where defensive players were paid money to intentionally injure opposing players. But that's not likely for two main reasons, a Tulane University School of Law associate professor writes in a legal analysis of the scheme for NFL.com.
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