By Amanda Bronstad | July 28, 2022
Chief Bankruptcy Judge Michael Kaplan announced the decision on Thursday after ruling in favor of Johnson & Johnson subsidiary LTL Management on how to proceed with its Chapter 11 bankruptcy, which aims to resolve at least 38,000 lawsuits filed by ovarian cancer and mesothelioma victims.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Patrick M. Ryan | July 28, 2022
The "twin goals" of most bankruptcy proceedings involve the "maximization" of return to creditors and the "prompt and efficient administration of the estate."
By Amanda Bronstad | July 26, 2022
A 3M subsidiary and six related companies filed for Chapter 11 bankruptcy protection on Tuesday to resolve more than 230,000 lawsuits and claims alleging 3M's combat earplugs caused hearing loss and ringing of the ears.
The Legal Intelligencer | Commentary
By Igor Roitburg and Scott F. Waterman | June 30, 2022
While the road through Chapter 13 bankruptcy may be tenuous for student loan debtors, court-based student loan management programs provide all the elements that are needed for them to access and successfully navigate the existing federal student loan repayment options.
By Colleen Murphy | June 28, 2022
Concluding that "amendment would be futile," the U.S. Court of Appeals for the Third Circuit has rejected a bid by a class of female employees to collect a more than $3.5 million judgment entered just before their employer, John Varvatos Enterprises, filed for bankruptcy.
The Legal Intelligencer | Commentary
By Rudolph J. Di Massa Jr. and George W. Fitting | June 24, 2022
Section 327(a) of the Bankruptcy Code allows debtors to employ estate professionals. The section requires these professionals to be "disinterested persons" who "do not hold or represent an interest adverse to the bankruptcy estate."
The Legal Intelligencer | Commentary
By Francis J. Lawall and Marcy J. McLaughlin Smith | June 9, 2022
A recent letter ruling by the Delaware Bankruptcy Court in Mesabi Metallics v. Cleveland-Cliffs, may provide some relief to a nonparty, and change a party's cost-benefit analysis when deciding whether to issue a third party subpoena.
By Jacob Polacheck | May 25, 2022
Alston & Bird, Womble and Eversheds Sutherland have all made bankruptcy partner hires in the last two weeks, with practitioners at each firm predicting an uptick in filings this year.
By Colleen Murphy | May 6, 2022
In a case scrutinizing the management of an asbestos trust, the trust's advisory committee has withdrawn a motion to redact the names of the law firms involved in alleged wrongdoing.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Kenneth A. Listwak | May 5, 2022
It arguably goes without saying that when entering into a stipulation or any settlement in a bankruptcy proceeding that purports to resolve the entire amount and treatment of a claim, the terms of such agreement must fully and clearly reflect the intent of the parties.
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