By Ellen Bardash | August 10, 2023
Names of overseas creditors have been released by the bankruptcy court. The foreign creditors have formed an ad hoc committee represented by Eversheds Sutherland.
By Dan Roe | August 7, 2023
The company, with $1.5 billion in outstanding debt, is among several high-profile debtor representations for Kirkland this year.
Delaware Business Court Insider
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.
By Maria Dinzeo | June 29, 2023
A lawsuit against Sam Bankman-Fried's so-called "fixer" Daniel Friedberg says the former FTX lawyer breached his duty "to ensure that proper safeguards were in place to prevent FTX insiders from looting the company."
Delaware Business Court Insider | News
By Ellen Bardash | June 8, 2023
Liquidators said ssues with identifying FTX assets are governed by the laws of the Bahamas, England, and Antigua and Barbuda, and need to be addressed before the company is wound down.
By Ellen Bardash | May 30, 2023
It's a clash between the FTX companies, which secured a favorable ruling in February when U.S. Bankruptcy Court Judge John T. Dorsey ruled from the bench that the case doesn't require multiple investigations, and the U.S. Trustee's Office, which has consistently said the matter needs an investigator further removed from FTX.
By Amanda Bronstad | April 14, 2023
The trust alleged the board of directors failed in their oversight of Insys executives, who engaged in off-label marketing of its fentanyl spray, called Subsys, and paid bribes and kickbacks to doctors.
By Ellen Bardash | April 10, 2023
The report enumerates FTX's internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.
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.
By Amanda Bronstad | March 21, 2023
U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, is set to take up the dispute over 3M CEO Mike Roman's possible deposition at a Wednesday hearing.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/