Delaware Business Court Insider
By Avalon Zoppo | February 8, 2022
While most senators criticized the strategy, they didn't land on what, if any, legislative fix would be appropriate.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Suzanne Soboeiro | February 3, 2022
Over the last several years the scope and use of such third party releases appears to have been stretched arguably to the breaking point as demonstrated in the recent and important district court decision in the Ascena case.
Delaware Business Court Insider
By Amanda Bronstad | January 21, 2022
Laura Davis Jones, a partner at Pachulski Stang Ziehl & Jones in Wilmington, Delaware, said at the hearing that the dual committees would "foster division, not compromise," and create an "enhanced footing of one subset of talc claimants."
Delaware Business Court Insider | News
By Avalon Zoppo | January 21, 2022
"The practice of regularly approving third-party releases and the related concerns about forum shopping call into question the public confidence in the manner that these cases are being handled by the Bankruptcy Court in the Richmond Division," U.S. District Judge David Novak wrote.
Delaware Business Court Insider | News
By Dan Roe | January 13, 2022
Practice leaders are using the historic Chapter 11 slowdown to form teams around the companies and sectors most likely to go bankrupt by 2023.
The Legal Intelligencer | Commentary
By Rudolph J. Di Massa Jr. and Malcolm Bates | December 23, 2021
The bankruptcy court found that because the debtor was already subject to a state court-specific performance order compelling it to take the ancillary steps necessary to close the sale, the contract was no longer executory and could not be rejected.
Delaware Business Court Insider
By Amanda Bronstad | December 21, 2021
Lawyers for talc claimants have moved to dismiss the Chapter 11 case, filed by LTL Management, a newly created subsidiary of Johnson & Johnson, to resolve more than 38,000 lawsuits alleging that its talcum powder products cause ovarian cancer or mesothelioma.
New York Law Journal | Analysis
By Edward E. Neiger | December 20, 2021
In this issue of his Bankruptcy Update, Edward E. Neiger focuses on recent successful restructurings of information technology companies Riverbed Technology and GTT Communications.
Delaware Business Court Insider | News
By Avalon Zoppo Michael Marciano | December 19, 2021
Delaware, Connecticut, California, the District of Columbia, Maryland, Oregon, Rhode Island, Vermont, and Washington appealed the controversial bankruptcy court decision that sought to extinguish Connecticut's claims against both Purdue and the non-bankrupt Sackler family. The plan sought to grant lifetime immunity to the Sackler family for civil opioid-related claims.
Delaware Business Court Insider | News
By P.J. D'Annunzio | December 8, 2021
The Sacklers "had a long-term, calculated strategy to use a Purdue bankruptcy as a haven for their own wrongdoing, to protect their vast opioid wealth from their many victims," Connecticut Attorney General William Tong said.
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