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Law firm Foley Hoag sues New York lawyer over bankruptcy fees
reuters/3V3NF3S3GNMVJCT4MJHGS3HXII.jpg 1080w,https://www.reuters.com/resizer/g9HZ4NyBXZNhMPlva-fIU4CGRkg=/728×0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/3V3NF3S3GNMVJCT4MJHGS3HXII.jpg 1200w” sizes=”(min-width: 1024px) 560px, (min-width: 1440px) 700px, 100vw” width=”728″ height=”442″ alt=”U.S. one dollar banknotes are seen in this illustration”/

U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights

Oct 30 (Reuters) – A New York lawyer is facing claims that he owes more than $871,000 in unpaid attorney fees to a law firm that represented him for four years after his own firm went bankrupt.

U.S. law firm Foley Hoag sued Jeffrey Liddle on Monday in New York County Supreme Court, alleging that he has not made a payment on his balance since December 2022.

Liddle, who now practices at The Liddle Law Firm, did not immediately respond to a request for comment, nor did a spokesperson for Foley Hoag.

Liddle’s practice is focused on employment and securities law, and typically represents clients who are involved in finance. His past clients have also U.S. law firms Seward & Kissel and Stroock & Stroock & Lavan.

In March 2019, Liddle filed for Chapter 11 bankruptcy in Manhattan, stating he owed more than $10 million to his creditors, which included several law firms, including Kasowitz Benson Torres and Blank

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October 31, 2023 by ATTORNEY

Elon Musk tells Twitter staff that bankruptcy isn’t out of the question: report

Twitter owner Elon Musk told employees on Thursday that he is not sure how much run rate the company has and that bankruptcy is not out of the question, the Managing Editor of tech newsletter Platformer tweeted.

Musk is participating in an all-hands meeting with Twitter employees, a source told Reuters.

Twitter did not immediately reply to an emailed request for comment from Reuters.

The revelation came after reports that several top executives have jumped Musk’s sinking ship — including Yoel Roth, the company’s Head of Safety & Integrity, and Chief Security Officer Lea Kissner.

Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty have also resigned, according to an internal message seen by Reuters.

The exodus follows Musk’s move to swiftly clean house after taking over Twitter for $44 billion on Oct. 27. He announced plans to cut half its workforce last week, promised to stop fake accounts and is charging $8 a month for the Twitter Blue service that will include a blue check verification.

The U.S. Federal Trade Commission said it was watching Twitter with “deep concern” after the social media platform’s top privacy and compliance officers quit, potentially putting it at risk of violating

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November 12, 2022 by ATTORNEY

Musk warns of Twitter bankruptcy as more senior executives quit

Nov 10 (Reuters) – Twitter Inc’s new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a U.S. privacy regulator and the exit of the company’s trust and safety leader.

The billionaire on his first mass call with employees said that he could not rule out bankruptcy, Bloomberg News reported, two weeks after buying it for $44 billion – a deal that credit experts say has left Twitter’s finances in a precarious position.

Earlier in the day, in his first company-wide email, Musk warned that Twitter would not be able to “survive the upcoming economic downturn” if it fails to boost subscription revenue to offset falling advertising income, three people who have seen the message told Reuters.

Yoel Roth, who has overseen Twitter’s response to combat hate speech, misinformation and spam on the service, resigned on Thursday, two people familiar with the matter told Reuters.

In his Twitter profile on Thursday, Roth described himself as “Former Head of Trust & Safety” at the company.

Roth did not respond to requests for comment. Bloomberg and tech site Platformer reported his exit first.

Earlier on Thursday, Twitter’s

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November 11, 2022 by ATTORNEY
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