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July 18, 2023 | Daily Report Online

Judge Sues Insurers for Alleged Bad Faith in Boys Scouts Sex Abuse Cases

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.
5 minute read
July 12, 2023 | Daily Report Online

Justice Is Served: Highlights From Big Law's Year of Impactful Pro Bono, Including 1 Ga. Case

These 15 wide-ranging matters show what a difference pro bono representation can make in the lives of clients.
13 minute read
June 29, 2023 | Daily Report Online

Appellate Ruling in Georgia-Pacific Case Underscores Divide on Limits of Bankruptcy Protections

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.
6 minute read
June 09, 2023 | Daily Report Online

No 'Valid Reorganization Purpose': Judge Dismisses 3M Unit's Earplug Bankruptcy

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.
6 minute read
June 08, 2023 | Daily Report Online

Weil Claims Victory for Georgia's Serta Simmons in Bankruptcy Exit

"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.
6 minute read
Law Journal Press | Digital Book Connecticut Appellate Practice & Procedure, 8th Edition Authors: HON. ELIOT D. PRESCOTT, JULIE A. LAVOIE View this Book

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June 05, 2023 | Daily Report Online

When Rainmakers Leave, Partners Ask 'Should I Stay or Should I Go?'

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.
10 minute read
May 05, 2023 | Daily Report Online

3 Years Later, COVID-19 Moratoriums and Stimulus Sent Debtstoppers into Chapter 11 Bankruptcy

COVID-era pauses on evictions and moratoriums ultimately brought Chicago's largest consumer bankruptcy firm to court for its own Chapter 11 filing.
3 minute read
April 19, 2023 | Daily Report Online

As 3M Judge Weighs Playing the Bankruptcy Card, Plaintiffs Lawyers Grapple With Rising Use of Strategy

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.
4 minute read
April 04, 2023 | Daily Report Online

Judges Wary of 3M Unit's Bid to Halt Military Earplug Lawsuits

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.
4 minute read
March 28, 2023 | Daily Report Online

District Court: Boy Scout Bankruptcy Plan Doesn't Need Changes

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.
3 minute read

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