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News and information on bankruptcy and bankruptcy law
By Allison Dunn | January 11, 2024
"Conway ignored their ethical and contractual obligation to Smith, which is a basis of Smith's legal malpractice claim. It was improper for the trial court to resolve this issue in favor of Conway on summary judgment by finding that there was an implied contract for the Chapter 7 representation," Virginia Court of Appeals Judge Doris Henderson Causey wrote in a dissenting opinion.
5 minute read
By Amanda O'Brien | January 11, 2024
Pittsburgh-based shareholder James Newell will take over from Philadelphia-based Joe Dougherty in May.
2 minute read
By Dan Roe | January 10, 2024
Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read
By Jimmy Hoover | January 9, 2024
The Supreme Court's 2022 constitutional decision is in search of a 2024 remedy.
4 minute read
By Brad Jones | January 8, 2024
Courts have struggled with the interpretation of the 2019 amendment to Section 547, specifically whether the due diligence requirement is an element of a preference claim that must be adequately pleaded in the plaintiff's complaint. While the law is still developing, there are three important takeaways for trustees to consider.
6 minute read
By Jane Wester | January 5, 2024
In Friday's motion, Giuliani's attorney Gary Fischoff of Berger, Fischoff, Shumer, Wexler & Goodman emphasized that he was asking U.S. Bankruptcy Judge Sean H. Lane to lift the automatic stay for a "limited purpose."
2 minute read
By Abigail Adcox | January 5, 2024
The partner hires "will help us leverage additional litigation opportunities that arise out of clients dealing with bankruptcies, particularly on the creditor side," said Dan Shallman, head of the LA office.
2 minute read
By Corinne Ball | December 27, 2023
In her Distress Mergers and Acquisitions column, Corinne Ball discusses the recent case "In re Envision Healthcare Corp," where the Bankruptcy Court for the Southern District of Texas confronted an apparent conflict between applicable Delaware law and the Bankruptcy Code, determining that the Bankruptcy Code overrides state law and protects a debtor from expulsion by its fellow LLC members.
12 minute read
By Victoria Pfefferle-Gillot | December 26, 2023
Lewis Brisbois Bisgaard & Smith Wilmington partner Rafael X. Zahralddin is scheduled to speak on "death trap" provisions in Chapter 11 of the U.S. Bankruptcy Code at an upcoming Strafford webinar at 1 p.m. Jan. 18.
2 minute read
By Jane Wester | December 21, 2023
Claims against Giuliani include a suit filed by his former attorney Robert Costello and Costello's firm Davidoff Hutcher & Citron for unpaid legal fees.
4 minute read
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