Delaware Business Court Insider | Commentary
By Lawrence J. Kotler | April 24, 2024
The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
The American Lawyer | Analysis
By Dan Roe | April 22, 2024
As more large corporations go bust, lenders are jockeying for the position to get repaid first.
By Patrick Smith | April 15, 2024
In this week's Legal Speak episode, McDermott Will & Emery Chair Ira Coleman explains "Big Law Better," his idea on where the legal sector is moving and what elements of previous iterations the industry should be looking to maintain and which it should perhaps relegate to times gone by.
The Legal Intelligencer | Commentary
By Andrew C. Kassner and Joseph N. Argentina Jr. | April 12, 2024
In In re Cortlandt Liquidating, the U.S. District Court for the Southern District of New York, sitting as an appellate court, reviewed a Bankruptcy Court decision that addressed a number of issues involving a commercial landlord's claims in bankruptcy.
Delaware Business Court Insider | Commentary
By Lewis H. Lazarus | April 10, 2024
As demonstrated by Harrison Metal Capital III v. Mathe, failure to assert well-pleaded allegations showing that a majority of the board is disabled from disinterestedly and independently evaluating whether to bring an action is fatal to a stockholder derivative claim.
Delaware Business Court Insider | Commentary
By George Williams | April 10, 2024
Does Terra's bankruptcy mark the end of the "Crypto Winter"? The recent rebound of the cryptocurrency market seems to suggest so, particularly with Bitcoin setting a new all-time high of $73,805.27 on March 14, 2024.
The American Lawyer | Analysis
By Dan Roe | April 9, 2024
"They didn't care because they were making too much money off of it, and now it's especially sad that they're finding yet another way to make money off of the very problems they helped create," Yale Law School professor John Morley said of the corporate lawyers who participated in the frenzy.
Delaware Business Court Insider | News
By Amanda O'Brien | April 1, 2024
The team at the Wilmington firm will be led by new partner Vincent Cannizzaro, a former Skadden senior associate.
By Patrick Smith | Cedra Mayfield | March 25, 2024
In this week's Legal Speak episode, Womble Bond Dickinson U.S. CEO Betty Temple discusses how her firm has gone about vetting and integrating lateral candidates to fuel the firm's growth strategy.
The Legal Intelligencer | Commentary
By Lawrence J. Kotler and Elisa Hyder | March 22, 2024
Small businesses seeking to reorganize should be mindful of this growing area of case law as they weigh their different reorganization options including, importantly, where they choose to reorganize and what type of reorganization chapter they should pursue.
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