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  • In re: Ursa Operating Co. LLC

    Publication Date: 2021-06-09
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Energy | Real Estate
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Maria Aprile Sawczuk, Goldstein & McClintock, LLP, Wilmington, DE; George A. Barton, Taylor P. Foye, Barton and Burrows, LLC, Mission, KS for royalty claimants.
    for defendant: Robert S. Brady, Edmon L. Morton, Kenneth J. Enos, Joseph M. Mulvihill, Young Conaway Stargatt & Tay-lor, LLP, Wilmington, DE; Duston K. McFaul, Maegan Quejada, Sidley Austin LLP, Houston, TX; David Kronenberg, Sidley Austin LLP, Washington, DC; Robert S. Velevis, Sidley Austin LLP, Dallas, TX for wind-down debtor. John H. Knight, Amanda R. Steele, David T. Queroli, Richards, Layton & Finger, P.A., Wilmington, DE; Ana Alfonso, Erin Ryan, Wilkie Farr & Gallagher LLP, New York, NY for Wells Fargo Bank.
    Case Number: D69426

    Royalty claimants were not entitled to an emergency stay in this appeal because they failed to show irrepa-rable harm or a likelihood of success.

  • In re: TE Holdcorp, LLC

    Publication Date: 2021-06-02
    Practice Area: Bankruptcy
    Industry: Energy
    Court: U.S. District Court of Delaware
    Judge: District Judge Stickles
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69420

    Bankruptcy court had authority to enter orders enforcing a sale order and the order of confirmation, and the moving party failed to demonstrate a clear error of law or fact.

  • In re Maxus Energy Corp.

    Publication Date: 2021-04-21
    Practice Area: Bankruptcy
    Industry: Energy | Legal Services
    Court: U.S. District Court of Delaware
    Judge: District Judge Sontchi
    Attorneys: For plaintiff: Adam G. Landis, Matthew B. McGuire, Landis Rath & Cobb LLP, Wilmington, DE; Victor L. Hou, Ari E. MacKinnon, Cleary Gottleib Steen & Hamilton LLP, New York, NY for YPF defendants.
    for defendant: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; J. Christopher Shore, Matthew L. Nichol-son, White & Case LLP, New York, NY for liquidating trust.
    Case Number: D69369

    Bankruptcy court denied a motion to disqualify the firm that served as lead counsel for a liquidating trust, because the firm had implemented a screen with respect to an attorney who had joined the firm.

  • In re: Boy Scouts of Am.

    Publication Date: 2021-04-14
    Practice Area: Bankruptcy
    Industry: Insurance | Non-Profit
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Jonathan Hacker, O’Melveny & Myers LLP, Washington, DC; Tancred Schiavoni, Janine Panchok-Berry, An-drew Kirschenbaum, O’Melveny & Myers LLP, New York, NY; Stamatios Stamoulis, Stamoulis & Weinblatt LLP, Wilmington, DE for appellant.
    for defendant: Jessica C.K. Boelter, Sidley Austin LLP, New York, NY; Thomas A. Labuda, Michael C. Andolina, Matthew E. Linder, Sidley Austin LLP, Chicago, IL; Derek C. Abbott, Andrew R. Remming, Eric W. Moats, Morris Nich-ols Arsht & Tunnell LLP, Wilmington, DE for appellees.
    Case Number: D69363

    The bankruptcy court did not err in setting a bar date and establishing a claim form for sexual abuse claim-ants.

  • In re: UD Dissolution Corp.

    Publication Date: 2021-04-07
    Practice Area: Bankruptcy
    Industry: E-Commerce
    Court: U.S. District Court of Delaware
    Judge: District Judge Walrath
    Attorneys: For plaintiff: Albert H. Manwaring, IV, Morris James LLP, Wilmington, DE; Kevin N. Anderson, Fabian VanCott, Salt Lake City, UT for UD Liquidating Trust. Eric Lopez Schnabel, Alessandra Glorioso, Dorsey & Witney (Delaware) LLP, Wilmington, DE; Milo Steven Marsden, Sarah Goldberg, Dorsey & Whitney LLP, Salt Lake City, UT for Sphere defendants.
    for defendant: L. Katherine Good, Matthew F. Davis, Potter Anderson & Corroon, Wilmington, DE; Brian R. Carney, Kris-ten Diane White, Akin Gump Strauss Hauer & Feld LLP, New York, NY for Cyrus defendants.
    Case Number: D69355

    Bankruptcy court determined that it had personal jurisdiction over defendants in this core proceeding and the statute of limitations did not bar plaintiff's claims.

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  • In re: Lucky's Market Parent Co.

    Publication Date: 2021-04-07
    Practice Area: Bankruptcy
    Industry: Food and Beverage | Real Estate | Retail
    Court: U.S. District Court of Delaware
    Judge: District Judge Dorsey
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69354

    The bankruptcy court rejected a landlord's administrative expense claim, because the lease provided that trade fixtures remained debtors' property.

  • David v. The Weinstein Co. Holdings, LLC

    Publication Date: 2021-03-31
    Practice Area: Bankruptcy
    Industry: Insurance
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Frederick B. Rosner, Zhao (Ruby) Liu, The Rosner Law Group LLC, Wilmington, DE; Douglas H. Wigdor, Bryan L. Arbeit, Wigdor LLP, New York, NY; Kevin Mintzer, The Law Office Of Kevin Mintzer, P.C., New York, NY; Thomas P. Giuffra, Rheingold Giuffra Ruffo & Plotkin LLP, New York, NY for appellants.
    for defendant: Robert J. Feinstein, Debra I. Grassgreen, Jason H. Rosell, Colin R. Robinson, Pachulski Stang Ziehl & Jones LLP, Wilmington, DE for appellee.
    Case Number: D69342

    Bankruptcy court properly approved non-consensual third-party releases of insurers and directors/officers in liquidation plan where releases necessary to secure funds from released parties needed to satisfy creditor claims.

  • In re: Washington Mut., Inc.

    Publication Date: 2021-02-24
    Practice Area: Bankruptcy
    Industry: Financial Services and Banking | Investments and Investment Advisory
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Judge Fisher
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69304

    District court properly affirmed bankruptcy court's overruling of preferred securities class member's objection to settlement where examination of the merits demonstrated that liquidating trust properly negotiated and entered into the settlement.

  • In re Southland Royalty Co., LLC

    Publication Date: 2021-02-10
    Practice Area: Bankruptcy
    Industry: Energy
    Court: U.S. Bankruptcy Court
    Judge: Judge Owens
    Attorneys: For plaintiff:
    for defendant:
    Case Number: D69290

    Creditor did not comply with state lien law requirements and it failed to obtain relief from the automatic stay, so its liens were void.

  • In re: PES Holdings, LLC

    Publication Date: 2021-01-20
    Practice Area: Bankruptcy
    Industry: Energy | Insurance | Investments and Investment Advisory
    Court: U.S. District Court of Delaware
    Judge: District Judge Andrews
    Attorneys: For plaintiff: Damian S. Schaible, James I. McClammy, David B. Toscano, Aryeh Ethan Falk, Davis Polk & Wardwell LLP, New York, NY; Robert J. Dehney, Andrew R. Remming, Paige N. Topper, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE for appellant.
    for defendant: Richard I. Werder, Jr, Deborah Newman, David M. Cooper, Zachary Russell of Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY; William P. Bowden, Stacy L. Newman, Ashby & Geddes, P.A., Wilmington, DE for appellee.
    Case Number: D69266

    An intercreditor agreement designated the party who had a first priority security interest with respect to the proceeds of certain business interruption insurance.