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February 27, 2024 | Texas Lawyer

Kirkland, Jackson Walker and Ex-Bankruptcy Judge Hit With Another Suit

A former CEO alleges Jackson Walker and Kirkland knew of a judge's relationship with a partner "and used it to profit" by bringing tens of millions of dollars through the "Jones'-Freeman conduit."
5 minute read
February 27, 2024 | The Legal Intelligencer

The Continuing Review of Real Estate Sector Bankruptcy Rulings

Continuing our series on distressed real estate cases, we again decided to report on two cases that present different issues. One involves the debtor's sale of real estate over the objection of the secured lender, which was approved. The other involves a debtor's attempt to enjoin a construction bond company from continuing to pay claims by subcontractors after the filing of the bankruptcy case, which was denied.
10 minute read
February 27, 2024 | The American Lawyer

For Sullivan & Cromwell, Pre-Petition FTX Work Bites Back

Class-action plaintiffs and an appellate judge are curious about the regulatory and M&A work Sullivan & Cromwell did for FTX before the exchange collapsed.
7 minute read
February 23, 2024 | New York Law Journal

Georgia Election Workers Argue Giuliani's $148 Million Judgment Is Not Dischargeable in Bankruptcy

The election workers, Ruby Freeman and Shaye Moss, are represented by attorneys at Willkie Farr & Gallagher, Dubose Miller and the nonprofit group United to Protect Democracy.
3 minute read
February 21, 2024 | Texas Lawyer

What the Fifth Circuit's Ruling on Avoidance Actions Means for Debtors

"While the Fifth Circuit's decision put to bed a longstanding question of law, it also gives rise to many others," writes John Kane of Kane Russell Coleman Logan.
6 minute read
Law Journal Press | Digital Book Pennsylvania Tax Handbook 2024 Authors: Stewart M. Weintraub, Jennifer W. Karpchuk, Chamberlain Hrdlicka View this Book

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February 21, 2024 | New York Law Journal

Creditor Remedies Prevail in Delaware

This article addresses how a Creditor's Committee may sue members of an LLC, despite Delaware law limitations, and how prebankruptcy exercise of proxy rights in reliance on Delaware law are upheld in a subsequent bankruptcy case.
12 minute read
February 20, 2024 | New York Law Journal

Ex-Big Law Partner Sentenced to 3 Years Supervised Release in False Statements Case

John Roesser told Judge Analisa Torres that he has "always, always, always loved the law" and regretted the impact of his offense on the court system.
3 minute read
February 20, 2024 | New York Law Journal

Hiring Paul Weiss Bankruptcy Partner, Selendy Gay Targets Bankruptcy-Related Litigation

Kelley Cornish, a member of Paul Weiss' management committee, will join the firm next week.
3 minute read
February 13, 2024 | New York Law Journal

Firm DEI Officer Named as Defendant in EDNY Bankruptcy Adversary Action

Sharon Jones, a Haynes and Boone partner in Dallas and the firm's chief diversity, equity and inclusion officer, faces a breach of fiduciary duty cause of action in an adversary action filed in the Chapter 7 of diversity consulting company Jones Diversity.
3 minute read
February 13, 2024 | Texas Lawyer

Haynes and Boone Chief DEI Officer Named as Defendant in Bankruptcy Adversary Action

Sharon Jones, a Haynes and Boone partner in Dallas and the firm's chief diversity, equity and inclusion officer, faces a breach of fiduciary duty cause of action in an adversary action filed in the Chapter 7 of diversity consulting company Jones Diversity.
3 minute read

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