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News and information on bankruptcy and bankruptcy law
By Dan Roe | May 6, 2024
A Delaware bankruptcy judge's recent order reflects rising scrutiny over Big Law bills in mega-bankruptcies.
4 minute read
By Francis J. Lawall and Heather P. Smillie | May 3, 2024
In a recent decision, the U.S. District Court for the District of Delaware upheld a bankruptcy court's ruling that a liquidating trust had the authority to pursue not only estate causes of action, but also third-party claims held by preference defendants and turned over to the trust as part of preference claim settlement consideration.
8 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield said. "There is substantial opposition to this."
5 minute read
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
Delaware Business Court Insider
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
By Amanda O'Brien | April 24, 2024
The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
By Corinne Ball | April 24, 2024
In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read
Delaware Business Court Insider
By Lawrence J. Kotler | April 24, 2024
The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 minute read
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Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
Shipman & Goodwin LLP is seeking two associates to expand our national commercial real estate lending practice. Candidates should have ...
Epstein Becker & Green is seeking an associate to joins its Commercial Litigation practice in our Columbus or Cincinnati offices. Ca...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS