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News and information on bankruptcy and bankruptcy law
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
By Lawrence J. Kotler and Drew S. McGehrin | May 20, 2024
The Bankruptcy Code has excepted certain debts that are incapable of being discharged as a matter of right, including, without limitation, certain "qualifying" loans used to fund a debtor's education. For a debtor to be able to receive a discharge of such loans, the debtor must file a lawsuit and obtain a judgment determining their dischargeability.
8 minute read
By Peter Gampel | May 17, 2024
A forensic accountant, litigation consultant or a business valuation expert is often tasked with the prospect of "interpreting" clauses in an agreement from a financial point of view without expressing a legal opinion. In addition, the expert may be required to then determine the financial consequences of that interpretation.
9 minute read
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