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April 24, 2024 | New York Law Journal

Has the Seventh Circuit Opened the Door for Distressed Investors Through Limiting the Risk of Failed LBOs or Other Stock Sales?

In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read
April 22, 2024 | New York Law Journal

Help, the Lenders Are Fighting Again: Creditor Violence Driving Demand in Bankruptcy, Litigation Practices

As more large corporations go bust, lenders are jockeying for the position to get repaid first.
6 minute read
April 18, 2024 | New York Law Journal

Suboxone: Profits Over People; Developments in Purdue Pharma Bankruptcy

This issue of the Mass Torts Update addresses the United Judicial Panel on Multidistrict Litigation ordering the consolidation of Suboxone dental injury lawsuits as centralized in the the Northern District of Ohio. It goes on to provide an update on Purdue Pharma's Chapter 11 bankruptcy case.
5 minute read
April 15, 2024 | New York Law Journal

Lowenstein Sandler Adds Bankruptcy Vet from Loeb & Loeb

Daniel Besikof served as the deputy chairman of Loeb & Loeb's bankruptcy group
3 minute read
March 21, 2024 | New York Law Journal

Patterson Belknap Litigator Confirmed as FTX Examiner

Judge John Dorsey ordered the appointment of Patterson Belknap of counsel Robert Cleary to conduct a 60-day investigation of the FTX collapse.
3 minute read
Law Journal Press | Digital Book Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions Authors: James C. Freund View this Book

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March 14, 2024 | New York Law Journal

Biotech Industry Bankruptcy Cases: 'Zymergen' and 'Humanigen'

This issue of the Bankruptcy Update column focuses on the recent biotech industry bankruptcy cases of Zymergen and Humanigen.
5 minute read
February 29, 2024 | New York Law Journal

SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court

The SEC has asked Judge Brendan Linehan Shannon to deny the application unless Dentons returns to Terraform the $81 million still available from its retainer and files engagement letters and agreements about payment with the court.
3 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 | 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

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