• In re: AP Orangevale, LLC

    Publication Date: 2023-08-21
    Practice Area: Bankruptcy
    Industry: Real Estate
    Court: Delaware Supreme Court
    Judge: Justice Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 23-10687 (CTG)

    The bankruptcy court found sufficient cause to lift the stay to allow an unlawful detainer action against debtor pending in California to go forward, concluding that resolution of the dispute was best left to the California courts.

  • In re: Delloso

    Publication Date: 2023-07-24
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Construction | Manufacturing
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Rendell
    Attorneys: For plaintiff: Matthew Beebe, Meluney Alleman & Spence, Lewes, DE; James M. Sullivan, Windels Marx Lane & Mittendorf, New York, NY for appellant.
    for defendant: Kasey H. DeSantis, Neal J. Levitsky, Fox Rothschild, Wilmington, DE for appellee.

    Case Number: 22-2532

    Bankruptcy court correctly denied untimely motion to reopen bankruptcy case to file complaint challenging the dischargeability of debt on grounds of fraudulent transfer where the rules provided inflexible deadlines for the motion due to the limited exceptions under which bankruptcy courts could enlarge the time to file.

  • In re: TK Holdings, Inc.

    Publication Date: 2023-07-17
    Practice Area: Bankruptcy
    Industry: Automotive | Insurance | Manufacturing
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Stanley B. Tarr, Blank Rome LLP, Wilmington, DE; David J. Molton, Gerard T. Cicero, Brown Rudnick LLP, New York, NY; Kami E. Quinn, Emily P. Grim, Sarah A. Sraders, Gilbert LLP, Washington, DC for appellant.
    for defendant: Evan T. Miller, Daniel N. Brogan, Steven D. Adler for appellee.

    Case Number: 17-11375 (BLS)

    Bankruptcy court correctly dismissed adversary proceeding that was essentially an insurance coverage dispute, rendering the matter a non-core proceeding that was also subject to a forum selection clause in the underlying insurance policy.

  • In re: Essar Steel Minnesota, LLC

    Publication Date: 2023-07-10
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Mining and Resources
    Court: U.S. Bankruptcy Court
    Judge: Judge Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 16-11626 (CTG)

    Confirmed reorganization plan potentially barred claims by financial advisor against reorganized debtor when those claims arose between the petition date and effective date and acquirer of reorganized debtor could not bind it to discharged claims.

  • In re: Boy Scouts of Am.

    Publication Date: 2023-07-03
    Practice Area: Bankruptcy
    Industry: Insurance | Non-Profit
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Theodore J. Boutrous, Jr., Richard J. Doren, Blaine H. Evanson, Gibson, Dunn & Crutcher, LLP, Los Angeles, CA; Dierdre M. Richards, Fineman Krekstein & Harris P.C., Wilmington, DE; Susan Gummow, Foran Glennon Palandech Ponzi & Rudloff P.C.; Michael A. Rosenthal, Mitchell A. Karlan, James Hallowell, Keith R. Martorana, Seth M. Rokofsky, Gibson Dunn & Crutcher LLP, New York, NY; Kathleen M. Miller, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Ronald P. Schiller, Matthew A. Hamermesh, Handley Aronchick Segal Pudlin & Schiller, Philadelphia, PA; Paul Logan, Post & Schell, P.C., Wilmington, DE; John C. Sullivan, Kathleen K. Kerns, Post & Schell, P.C., Philadelphia, PA; George R. Calhoun, Ifrah PLLC, Washington, DC; Michael J. Joyce, Joyce LLC, Wilmington, DE; Kevin Coughlin, Lorraine Armenti, Michael Hrinewski, Coughlin Midlige & Garland, LLP, Morristown, NJ; Britton C. Lewis, John M. Flynn, Carruthers & Roth, P.A., Greensboro, NC; Maria Aprile Sawczuk, Goldstein & McClintock LLP, Wilmington, DE; Laura McNally, Emily Stone, Loeb & Loeb LLP, Chicago, IL; David Christian, David Christian Attorneys LLC, Chicago, IL; Brian A. Sullivan, Werb & Sullivan, Wilmington, DE: John E.W. Baay II, Gieger Loborde & Laperouose, LLC, New Orleans, LA; William H. White, Jr. Kiernan Trebach LLP, Washington, DC; Mary E. Borja, Gary P. Seligman, Ashley L. Criss, Wiley Rein LLP, Washington, DC; Bruce W. McCullough, Bodell Bove, LLC, Wilmington, DE; Bruce D. Celebrezze, Clyde & Co US LLP, San Francisco, CA; Konrad R. Krebs, Clyde & Co US LLP, Morristown, NJ; Lloyd A. Gura, Pamela J. Minetto, Mound Cotton Wollan & Greengrass LLP, New York, NY; R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE; Douglas R. Gooding, Jonathan D. Marshall, Choate, Hall & Stewart LLP, Boston, MA; Kim V. Marrkand, Laura Bange Stephens, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, Boston, MA; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; William E. McGrath, Jr., Dilworth Paxon LLP, Princeton, NJ; Stephen M. Miller, Carl N. Kunz, III, Sarah M. Ennis, Morris James LLP, Wilmington, DE; Margaret M. Anderson, Ryan T. Schultz, Adam A. Hachikian, Kenneth M. Thomas, Fox Swibel Levin & Carroll LLP, Chicago, IL; Marla S. Benedick, Cozen O’Connor, Wilmington, DE; Louis J. Rizzo, Reger Rizzo & Darnall LLP, Wilmington, DE; David M. Fournier, Marcy J. McLaughlin Smith, Troutman Sanders Hamilton Sanders LLP, Wilmington, DE; Harris B. Winsberg, Matthew G. Roberts, Parker Hudson, Rainer & Dobbs LLP, Atlanta, GA; Margaret H. Warner, Ryan S. Smethurst, Alex M. Spisak, McDermott Will & Emery, Washington, DC; Gilion Dumas, Dumas & Vaughn, Portland, OR; Charles J. Brown, III, Gellert Scali Busenkell & Brown LLC, Wilmington, DE; Delia Lujan Wolff, Lujan & Wolff LLP, Hagatna, GU; Christopher D. Loizides, Loizides, P.A., Wilmington, DE for appellants.
    for defendant: Jessica Lauria, Glenn M. Kurtz, White & Case LLP, New York, NY; Michael C. Andolina, Matthew E. Linder, Laura E. Baccash, Blair M. Warner, White & Case LLP, Chicago, IL; Ronald K. Gorsich, White & Case LLP, Los Angeles, CA; Michael Stoner, Hayes & Boone, Dallas, TX; Derek C. Abbott, Andrew R. Remming, Paige N. Topper, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; R. Craig Martin, DLA Piper, LLP (US), Wilmington, DE; Richard G. Mason, Douglas K. Mayer, Joseph C. Celentina, Mitchell S. Levy, Watchell, Lipton, Rosen & Katz, New York, NY; Kami E. Quinn, Rachel H. Jennings, Kyle Y. Dechant, December L. Huddleston, Gilbert LLP, Washington, DC; Robert S. Brady, Edwin J. Harron, Kenneth J. Enos, Ashley E. Jacobs, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Philip D. Anker, Wilmer Cutler Pickering Hale and Door LLP, New York, NY; James P. Ruggeri, Joshua D. Weinberg, Ruggeri Parks Weinberg LLP, Washington, DC; Joel Millar, Wilmer Cutler Pickering Hale and Door LLP, Washington, DC; Erin R. Fay, Gregory J. Flasser, Bayard, P.A., Wilmington, DE: Robert D. Cecil, Tybout, Redfearn & Pell, Wilmington, DE; Mark D. Plevin, Kevin D. Cacabelos, Crowell & Morning LLP, San Francisco, CA; Tacie H. Yoon, Rachel A. Jankowksi, Crowell & Morning LLP, Washington, DC; Matthew G. Summers, Chantelle D. McClamb, Ballard Spahr LLP, Wilmington, DE: Harry Lee, John O’Connor, Steptoe & Johnson, LLP, Washington, DC; Stephen Warren; Stamatios Stamoulis, Stamoulis & Weinblatt LLC, Wilmington, DE; Tancred Schiavoni, O’Melveny & Meyers LLP, New York, NY; Stephen Warren, O’Melveny & Meyers LLP, Los Angeles, CA; Jonathan D. Hacker, O’Melveny & Meyers LLP, Washington, DC for appellees.

    Case Number: 20-10343-LSS

    Plan of reorganization establishing sexual abuse settlement trust affirmed where non-consensual releases of claims against non-debtors, who were affiliates of debtors, fell within "related to" jurisdiction since the non-debtors' viability as going concerns was necessary to the success of debtors' reorganization.

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    Library of Pennsylvania Family Law Forms, Fourth Edition

    Authors: Joseph S. Britton

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  • In re: Mabvax Therapeutics Holdings, Inc.

    Publication Date: 2023-06-27
    Practice Area: Bankruptcy
    Industry: Biotechnology | Investments and Investment Advisory
    Court: U.S. Bankruptcy Court
    Judge: Judge Dorsey
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 19-10603 (JTD)

    Plan administrator who was former common stockholder was not obligated to be disinterested and did not have interests unaligned with those of former preferred stockholders in recovering assets belonging to debtors.

  • In re: Live Well Fin., Inc.

    Publication Date: 2023-06-27
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking
    Court: U.S. Bankruptcy Court
    Judge: Judge Silverstein
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 19-11317 (LSS)

    Unlawful stock repurchase and constructive fraudulent conveyance claims against former director failed where plaintiff had failed to plead sufficient facts demonstrating that it should have been clear to the director that the company was insolvent and therefore approving stock repurchases and director fees was unsupported by the company's impaired capital.

  • In re: Samson Res. Corp.

    Publication Date: 2023-06-27
    Practice Area: Bankruptcy
    Industry: Investments and Investment Advisory
    Court: U.S. Bankruptcy Court
    Judge: Judge Shannon
    Attorneys: For plaintiff: Michael J. Farnan, Farnan LLP, Wilmington, DE; J. Christopher Shore, Colin T. West, White & Case, LLP, New York, NY for plaintiff.
    for defendant: Michael S. Neiberg, Young, Conaway, Stargatt & Taylor, LLP, Wilmington, DE; Sabina Willett, Morgan Lewis & Bockius LLP, Boston, MA; David M. Stern, KTBS Law LLP, Los Angeles, CA for defendants.

    Case Number: 15-11934 (BLS)

    Suit to recover proceeds of the sale of debtor as a fraudulent transfer failed where the acquisition negotiations were fair and conducted at arms-length, since the seller was entitled to sell the company for as much as they could get and the buyer was free to negotiate what it considered a fair price, even though in hindsight the purchase price seemed overinflated as it placed an unsustainable amount of debt on the company.

  • In re FTX Trading Ltd.

    Publication Date: 2023-06-13
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | E-Commerce | Federal Government
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff: Ramona D. Elliot, P. Matthew Sutko, Frederick Gaston Hall, Sumi K. Sakata, Department of Justice, Executive Office for United States Trustees, Washington, DC; Andrew R. Vara, Joseph J. McMahon, Jr., Benjamin A. Hackman, Juliet M. Sarkessian, Department of Justice, Office of the United States Trustee, Wilmington, DE for appellant.
    for defendant: Adam G. Landis, Kimberly A. Brown, Matthew R. Pierce, Landis Rath & Cobb LLP, Wilmington, DE; Andrew G. Dietderich, James L. Bromley, Brian D. Glueckstein, Alexa J. Kranzley, Sullivan & Cromwell LLP, New York, NY for appellees.

    Case Number: 22-11068 (JTD)

    District court was required to certify appeal of bankruptcy court order directly to the court of appeals where the order involved a purely question of law for which there was no controlling decision from the circuit court or Supreme Court.

  • In re: Healthcare Real Estate Partners, LLC

    Publication Date: 2023-05-30
    Practice Area: Bankruptcy
    Industry: Investments and Investment Advisory | Real Estate
    Court: U.S. Bankruptcy Court
    Judge: Judge Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: 15-11931 (CTG)

    Debtor could recover reasonable legal costs incurred in dismissing involuntary petition filed by creditors to trigger their contractual rights to remove debtor from management role, rather than recover their claims against debtor's estate, but debtor suffered no lost profits damages where it was already an effectively defunct business at the time of the petition.