By Justin Henry | November 30, 2022
Since July, Kirkland has applied for reimbursements totaling $6.5 million for Voyager and $7.1 million for its work for Celsius Network.
Delaware Business Court Insider | News
By Ellen Bardash | November 22, 2022
Attorneys said while they plan to begin liquidating FTX's assets as quickly as possible, a significant portion of those assets have been stolen or are otherwise not accounted for.
By Alexander Lugo | November 15, 2022
"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
By Cooley | November 11, 2022
For decades, he was one of New York City's leading bankruptcy lawyers, a mentor to dozens of young attorneys and a dedicated professor of bankruptcy law.
New York Law Journal | Analysis
By John J. Rapisardi and Matthew Kremer | November 2, 2022
The District Court's holding reverses some of the potentially harmful consequences of the lower court's decision—which, if affirmed, would have undermined the Bankruptcy Code's statutory protections intended to encourage parties to transact with debtors in bankruptcy.
By Scott Mollen | November 1, 2022
In this week's Realty Law Digest column, Scott Mollen discusses "Matter of Barnes Rd. Area Neighborhood Assn. v. Planning Bd. of the Town of Sand Lake," where it was held that the court could not use its own judgment to overrule the determination by the town's planning board, and "Gunsalus v. County Of Ontario," where a home's sale at foreclosure was set aside because it was determined to be not a transfer for a reasonably equivalent value.
New York Law Journal | Analysis
By Edward E. Neiger, Alexandra Robertson and David Stern | October 27, 2022
On Aug. 10, 2022, President Biden signed the Camp Lejeune Justice Act of 2022 which provides a powerful statutory cause of action for individuals who experienced harm as a result of exposure to contaminated water at Camp Lejeune in North Carolina; the Mallinckrodt trustee is currently accepting and processing claims for damages from creditors who were injured by Mallinckrodt's opioids; and the bankruptcy court ultimately confirmed BSA's plan of reorganization on Sept. 8, 2022.
New York Law Journal | Analysis
By Corinne Ball | October 26, 2022
A recent decision underscores that the focus of the business judgment rule with respect to a debtor is the impact on the estate, including the decision to sell its assets and permit the purchaser to designate leases for assumption.
By Andrew Denney | October 20, 2022
Bankruptcy Judge Robert Drain allowed a trustee in the bankruptcy for upstate New York grocery store chain Tops Market to proceed with a lawsuit alleging that Morgan Stanley, which had a controlling stake in Tops from 2007 to 2013, and other investors pushed Tops into Chapter 11 proceedings by paying themselves more than $375 million in stock dividends while neglecting to address the chain's unfunded pension liabilities.
New York Law Journal | Analysis
By Paul A. Rubin and Hanh V. Huynh | October 19, 2022
With the deletion of just a few words from RPAPL §749(3), the 2019 amendment opens the door for tenant-debtors to assume leases even after a pre-bankruptcy warrant of eviction has been issued, without the need for the tenant to first vacate the warrant of eviction.
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