By Ellen Bardash | March 28, 2023
The District of Delaware decision allows the largest sexual abuse settlement in U.S. history to proceed with distribution, including $2.46 billion already available and potentially another $4 billion from BSA insurers who haven't settled and assets that haven't been liquidated.
By Jane Wester | March 28, 2023
According to contemporaneous updates published in the New York Law Journal and in press releases, John Roesser was a partner at five major law firms between 2010 and 2016.
Delaware Business Court Insider | News
By Ellen Bardash | March 20, 2023
A complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
By Patrick Smith | March 17, 2023
Longtime S&C senior chair Rodgin Cohen is representing First Republic, while Davis Polk is working with the 11 largest banks making investments in First Republic.
New York Law Journal | Analysis
By Edward E. Neiger | March 17, 2023
This issue of the Bankruptcy Update focuses on recent retail sector bankruptcy filings by Party City, Tuesday Morning and Independent Pet Partners.
New York Law Journal | Analysis
By Sherry J. Millman and Harold A. Olsen | March 9, 2023
While the decision provides some guidance as to how the prepetition termination or expiration of a purchase option may fare in bankruptcy, the holding is narrow, and leaves open the question of whether the court's reasoning can be applied in other circumstances to shield prepetition transactions from avoidance claims.
Delaware Business Court Insider | News
By Ellen Bardash | March 2, 2023
The largest segment by far is the $25.1 million billed by FTX lead counsel Sullivan & Cromwell across two filings.
New York Law Journal | Analysis
By John J. Rapisardi and Jacob T. Beiswenger | February 23, 2023
In this installment, the authors evaluate two constitutional issues arising from third-party releases: whether creditor consent to be bound by a third-party release is required to satisfy the due process clause of the Fifth and Fourteenth Amendments to the U.S. Constitution; and whether bankruptcy courts have constitutional authority to issue final orders granting third-party releases in a plan of reorganization under Stern v. Marshall.
By Corinne Ball | February 22, 2023
In her latest Distress M&A column, Corinne Ball discusses the recent decision in 'Elec. Reliability Council of Texas v. Just Energy,' which she believes participants in state-regulated industries, such as utilities, should pay special attention to. The decision, ordering abstention, "raises the possibility that a state-regulated debtor may face real challenges in a reorganization if it seeks to dramatically alter its obligations to a state or quasi-state agency."
Connecticut Law Tribune | News
By Emily Cousins | February 17, 2023
"We were the underdog, but we were the competent underdog," James K. Robertson of Carmody Torrance Sandak & Hennessey said.
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