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Delaware Business Court Insider

In Wake of 'Purdue Pharma,' Del. Bankruptcy Court Clarifies That Preliminary Injunctions of Claims Against Nondebtors Remain Permissible

In the wake of the U.S. Supreme Court's landmark decision this June in Harrington v. Purdue Pharma, the U.S. Bankruptcy Court for the District of Delaware recently addressed a question left open by the Supreme Court—whether a bankruptcy court may still issue a preliminary (i.e., temporary) injunction of a creditor's claims against a nondebtor.
7 minute read

Litigation Daily

How Kirkland Litigators and Restructuring Lawyers Partner on Bankruptcy Work

Kirkland & Ellis litigator Mark McKane and his restructuring partner Aparna Yenamandra discuss their recent work on behalf of retail pharmacy Rite Aid, which is poised to emerge from bankruptcy.
5 minute read

International Edition

Kirkland Builds German Restructuring Practice with Gleiss Lutz Duo

Earlier this year, the pair acted on the restructuring of one of Germany's largest private care providers.
2 minute read

The American Lawyer

Gibson Dunn Restructuring Partner Exits for Latham After 16 Months

Joe Zujkowski previously co-chaired O'Melveny's restructuring practice before joining Gibson Dunn last year.
2 minute read

National Law Journal

9th Circuit Judge Highlights Circuit Split on Federal Preemption Question in Bankruptcy

Judge Milan Smith Jr. noted a disagreement between circuit courts on whether state claims arising in a bankruptcy proceeding must be lodged in federal court.
4 minute read

Corporate Counsel

Tom Sabatino, an 8-Time Legal Chief, Off to New Adventures After Year-Long Run at Rite Aid

Sabatino helped the pharmacy chain navigate its way through a Chapter 11 bankruptcy restructuring that slashed its debt load.
2 minute read

New Jersey Law Journal

NJ Bankruptcy Chief Judge Discusses Court Process, Stability and the Importance of Having NJ Cases Filed in NJ

"It has always been a concern for me and my judicial colleagues (as well as the bar) that there have been Chapter 11 cases in which a company's headquarters or significant facilities and operations were in New Jersey, but the filings were elsewhere."
9 minute read

New Jersey Law Journal

Kirkland Is Increasingly Turning to NJ for Huge Chapter 11 Bankruptcies. Will Other Big Law Follow?

Exactly why the Garden State's bankruptcy court is increasingly being looked to for large bankruptcies is a multifactored question, but many point to the work of Chief Judge Michael Kaplan in helping the bench gain and spread a reputation for one that moves efficiently and effectively.
10 minute read

New York Law Journal

Distressed M&A: Surprises All Around Following a Creditor's Enforcement of a Pledge to Effect Change of Control

Beyond the precision that should be present in the pledge agreement, actually divesting control of a company may have unintended consequences.
10 minute read

Delaware Business Court Insider

Bayard Attorneys Speak at 2024 ABI Mid-Atlantic Bankruptcy Workshop

On Aug. 6, Bayard attorney Steven D. Adler spoke on an American Bankruptcy Institute Workshop (ABI) panel titled "Financial Distress/Good Faith."
2 minute read

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