By Patrick Smith | July 17, 2022
The firm wants to get its restructuring practice back on its feet after the departure of a 43-lawyer team to Paul Hastings, a Stroock leader said.
By Andrew Denney | July 6, 2022
The eight-judge Southern District bankruptcy court has six judges sitting in Manhattan, one in White Plains and one in Poughkeepsie.
By Dan Packel | July 6, 2022
Stephen Hessler makes the move as commercial Chapter 11 filings are showing an uptick. "It feels like we are headed toward another restructuring boom," he said.
By Jason Grant | July 1, 2022
"Contrary to defendant's [Olshan Frome Wolosky's] contention, the allegations underlying the [former client's lawsuit] claim are not 'couched in terms of gross speculations on future events,'" wrote the Appellate Division, First Department court.
New York Law Journal | Analysis
By Carlos J. Cuevas | June 27, 2022
The consumer bankruptcy system is predicated upon an honest debtor being able to receive a fresh start. The discharge injunction is the judicial order that effectuates the fresh start.
New York Law Journal | Analysis
By Michael J. Riela | June 24, 2022
Two recent District Court cases, 'In re Purdue Pharma' and 'Patterson v. Mahwah Bergen Retail Group' have called into question whether Bankruptcy Courts have the authority to approve non-consensual third-party releases.
New York Law Journal | Analysis
By Edward E. Neiger and Barbara (Pratt) Bergen | June 23, 2022
This column discusses recent developments in pharmaceutical, medical device and contaminant exposure cases.
New York Law Journal | Analysis
By Corinne Ball | June 22, 2022
The Third Circuit confirmed that §327 governs retention of counsel. Moreover, it determined that a review of potential conflicts is committed to the discretion of the bankruptcy court and stated that the analysis on review includes whether the bankruptcy court appropriately exercised its discretion in determining that disqualification was not a fitting remedy in the circumstance.
By Dan Roe | June 16, 2022
The 90-year-old cosmetic company filed for bankruptcy in New York this week and turned to Paul Weiss' Paul Basta as lead counsel.
New York Law Journal | Analysis
By Harvey M. Stone and Richard H. Dolan | June 9, 2022
In this edition of their Eastern District Roundup, Harvey M. Stone and Richard H. Dolan report on several recent and significant representative decisions, including denial of a prisoner's application for compassionate release based on COVID concerns; denial of plaintiffs' motion to vacate a judgment against them, dismissing their claims under the Anti-Terrorism Act; and reversal of a decision permitting a debtor to amend her complaint.
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