By Adolfo Pesquera | July 18, 2023
The opposing insurance companies sought relief from the U.S. Court of Appeals for the Third Circuit, but in April the appeals court denied a request by the plan's opponents to issue a stay while they appeal the federal court's approval of the plan. That appeal remains pending.
Daily Report Online | Analysis
By Matthew Romano | July 12, 2023
These 15 wide-ranging matters show what a difference pro bono representation can make in the lives of clients.
By Avalon Zoppo | June 29, 2023
Judges are divided on the use of the "Texas two-step," in which companies facing potential mass tort liability attempt to gain Chapter 11 protection from claims.
By Amanda Bronstad | June 9, 2023
In a swift blow to 3M, U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, dismissed the Chapter 11 case of its subsidiary Aearo Technologies on Friday. "These cases were and are a litigation management tactic and not a rehabilitative effort," Graham wrote.
By Adolfo Pesquera | June 8, 2023
"Victory in the adversary proceeding and a judgment declaring the 2020 transaction valid were essential to confirmation of SSB's chapter 11 Plan of Reorganization," Weil said.
The American Lawyer | Analysis
By Justin Henry | June 5, 2023
A string of individual departures along with an increase in group moves at both Shearman & Sterling and Stroock & Stroock & Lavin bring attention to the calculations partners need to make when they gain a sense their firm may be in distress.
By Dan Roe | May 5, 2023
COVID-era pauses on evictions and moratoriums ultimately brought Chicago's largest consumer bankruptcy firm to court for its own Chapter 11 filing.
National Law Journal | Conversation
By Christine Schiffner | April 19, 2023
As bankruptcy and the Texas Two-Step are being used as litigation strategy in MDLs, court watchers are wondering how viable this avenue will be in the long run. One judge is hearing arguments on it April 19.
By Avalon Zoppo | April 4, 2023
Seventh Circuit Judge David Hamilton questioned if ruling for 3M subsidiary Aearo Technologies would give companies facing multidistrict litigation in the future a way to use the bankruptcy process to get shielded from claims.
By Ellen Bardash | March 28, 2023
The District of Delaware decision allows the largest sexual abuse settlement in U.S. history to proceed with distribution, including $2.46 billion already available and potentially another $4 billion from BSA insurers who haven't settled and assets that haven't been liquidated.
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