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News and information on bankruptcy and bankruptcy law
By Andrew C. Kassner and Joseph N. Argentina Jr. | June 3, 2024
In 530 Donelson, the U.S. Bankruptcy Court for the Middle District of Tennessee recently considered whether orders entered by a Tennessee state court appointing and empowering a receiver deprived the limited liability company's owners of authority to file a bankruptcy case for the company.
10 minute read
By Patrick Smith | June 3, 2024
The group includes Jennifer Daly, the co-head of King & Spalding's global finance and restructuring practice at the time of her departure.
4 minute read
By Amanda Bronstad | May 31, 2024
On Thursday, Beasley Allen and the plaintiffs' steering committee in the talc multidistrict litigation filed motions to quash subpoenas sought by Johnson & Johnson in the talc litigation.
6 minute read
By Brenda Sapino Jeffreys | May 30, 2024
Jackson Walker alleges in court filings that former U.S. Bankruptcy Judge David Jones directed the firm to use a disclosure statement for representation requests that the firm considered "insufficient, adequate, and misleading" to describe his relationship with a partner at the firm.
4 minute read
By Ross Todd | May 29, 2024
Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read
By Ross Todd | May 24, 2024
Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read
By Charles Toutant | May 23, 2024
Under the federal version of WARN, an employer must give workers a written notice 60 days before a mass layoff or plant closing. New Jersey's version of WARN, which was updated in 2023, now requires 90 days of notice of a plant closing or mass layoff.
4 minute read
By Amanda Bronstad | May 22, 2024
The class action, filed in the U.S. District Court for the District of New Jersey by five plaintiffs in talcum powder lawsuits, names Johnson & Johnson, its subsidiaries and several current and former officers and directors.
7 minute read
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October, and establishes a victims' fund for Genesis' creditors, with the firm neither admitting or denying the allegations.
3 minute read
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October and establishes a victims' fund for Genesis' creditors, with the firm neither admitting nor denying the allegations.
3 minute read
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