Manatt, Phelps & Phillips announced that Dayan R. Rosen has joined the firm’s Los Angeles office as a partner in the Leveraged Finance Practice. Rosen comes to Manatt from Latham & Watkins in Los Angeles.

Shearman & Sterling advised Citigroup Global Markets as lead arranger and bookrunner in connection with a $500 million debtor-in-possession and exit financing for Houghton Mifflin Harcourt Publishers and certain of its affiliates.

Bloomberg reported that an appeals court has reinstated a $500 million malpractice claim against K&L Gates ruling that the law firm must face a lawsuit over the collapse of Le-Nature’s after a lower court’s dismissal in December 2010.

Todd L. Padnos has joined Sheppard, Mullin, Richter & Hampton as a partner in the firm’s Business Trial and Finance and Bankruptcy practice groups, based in the firm’s San Francisco office. Padnos joins from Dewey & LeBoeuf in Silicon Valley.

The U.S. Department of Justice said a federal jury in NYC convicted three former executives of GE Funding Capital Market Services for their role in a bid-rigging conspiracy the government says deprived municipalities of competitive investment returns.

Proskauer announced that Martin J. Bienenstock, a renowned corporate restructuring and governance lawyer, will join the firm together with his colleagues Philip M. Abelson, Irena M. Goldstein, Timothy Q. Karcher, Michael P. Kessler and Judy G.Z. Liu. All were previously with Dewey & LeBoeuf’s bankruptcy team.

Squire Sanders announced that Sherri L. Dahl has been promoted to principal in the Restructuring and Insolvency Practice Group.

Leslie A. Berkoff has been selected by Long Island Business News as a member of its Top 50 Most Influential Women In Business for 2012.

The Lancaster Intelligencer Journal reported that sentencing for five defendants in the Equipment Finance Inc. fraud case has been delayed from next week to September.

Jonathan M. Landers, a practitioner in bankruptcy and insolvency law, has joined Jager Smith P.C. as a partner. He will be resident in Jager Smith’s New York office.