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No Blackout for Abstention in Chapter 15: Fifth Circuit Weighs In
On Jan. 5, the U.S. Court of Appeals for the Fifth Circuit recently provided some additional color to the abstention issue by ruling that the U.S. Bankruptcy Court for the Southern District of Texas lacked jurisdiction to decide an exclusively state-governed question related to emergency energy price controls.
Ex-Employees Say AIG Subsidiary's Chapter 11 Filing Is 'Abuse of the Bankruptcy Process'
The move was aimed at maintaining AIG's interest while giving the employees, the only non-insider creditors identified to date, less than 0.02% of what they're seeking in a Connecticut Superior Court case.
Sullivan & Cromwell's Lead Role in FTX Bankruptcy Challenged by Senators, States and Creditors
Hearings in late January and early February will determine whether the law firm will be retained as lead counsel and whether it will be forced to work alongside an independent examiner.
FTX Creditor Names Remain Redacted as Recovered Funds Reach $5B
Delaware Bankruptcy Judge John T. Dorsey decided to continue allowing FTX to redact creditors' names from filings for three more months. The three-month window is half of what the debtors requested.
Law Journal Press | Digital Book
Connecticut Foreclosures: An Attorney’s Manual of Practice and Procedure 2024
Authors: Denis R. Caron, Geoffrey K. Milne, Andrew P. Barsom
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Crypto-Related Filings Take the Bankruptcy Stage
This issue of the Bankruptcy Update focuses on FTX, BlockFi and Core Scientific bankruptcy cases as crypto-related filings continue to dominate the bankruptcy landscape.
Creditors Committee in FTX Bankruptcy Retains Paul Hastings Lawyers
The nine-member committee of unsecured creditors includes a mix of individual investors and trading platforms in the cryptocurrency sector.
How Did Mass Tort Bankruptcies Fare in 2022?
Judges in high-profile mass tort bankruptcies involving Johnson & Johnson's talcum powder and 3M's combat earplugs came out with critical rulings this year, but all eyes are on appeals for 2023.
Second Circuit Orders Refund of Unconstitutional Quarterly Fee Overpayment
Many practitioners have been speculating as to how courts will address the potential remedy for the unconstitutional U.S. trustee fees imposed against Chapter 11 debtors pending in U.S. trustee districts under the 2017 amendment to 28 U.S.C. Section 1930 (the 2017 amendment).FTX Bankruptcy Attorney: 'We Do Not Trust the Bahamian Government'
An attorney representing FTX in its Delaware bankruptcy claimed during a virtual hearing Wednesday there's no reason to give liquidators in the Bahamas total access to FTX's digital assets.TRENDING STORIES
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