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April 26, 2024 | The Legal Intelligencer

In Closing 'Unacceptable Loopholes,' New Bill Would Allow Sex Abuse Claimants to Gain More Power in Chapter 11 Bankruptcies

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
April 26, 2024 | Delaware Business Court Insider

Closing 'Unacceptable Loopholes': How Sex Abuse Claimants Could Gain Power in Chapter 11 Bankruptcies

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
April 26, 2024 | Litigation Daily

Litigator of the Week Runners-Up and Shout Outs

Runners-up this week include litigators from Hecht Partners, Hausfeld and Quinn Emanuel.
6 minute read
April 25, 2024 | The Legal Intelligencer

Skeptical of Sacks Weston's Survival, Judge Dismisses Firm's Chapter 11 Petition

"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
April 24, 2024 | The Legal Intelligencer

Under Pressure From Lit Funding Creditor, Sacks Weston Agrees to Drop Chapter 11 Bid

The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
Law Journal Press | Digital Book Pronske’s Texas Bankruptcy 2023 Authors: GERRIT M. PRONSKE View this Book

View more book results for the query "Bankruptcy"

April 24, 2024 | The American Lawyer

Through Merger Talks, Troutman and Locke Lord Seek Market-Leading Position in Several Practices

The combined firm would have more than 90 lawyers in energy practices, 120 lawyers in life sciences practices, and 100 in real estate, according to an analysis of the firms' head count in these practices.
5 minute read
April 24, 2024 | Law.com

Critical Mass With Law.com's Amanda Bronstad: Mixed Results in J&J's First Post-Bankruptcy Talc Verdicts, Antitrust Class Actions Surge Over Sugar

The first talcum powder verdicts involving Johnson & Johnson since the failed bankruptcies of its subsidiary last year both ended on April 19—but with mixed results.
7 minute read
April 24, 2024 | New York Law Journal

Has the Seventh Circuit Opened the Door for Distressed Investors Through Limiting the Risk of Failed LBOs or Other Stock Sales?

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
April 24, 2024 | Delaware Business Court Insider

Bankruptcy Court Rejects Equity Holder's Challenge to Revoke Confirmation Order in 'Virgin Orbit'

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
April 23, 2024 | Connecticut Law Tribune

Meet CT's New Honorary Consul to Finland, Robinson & Cole's Patrick Trostle

In the new role, Trostle will advocate for greater cooperation between the two countries across many businesses and commercial sectors.
2 minute read

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