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News and information on bankruptcy and bankruptcy law
By Kenneth Aulet and Shari Dwoskin | December 8, 2023
This article focuses on the confirmation of BlockFi's Chapter 11 plan, and the lessons learned from the case.
8 minute read
By Amanda Bronstad | December 5, 2023
In a Tuesday motion, Johnson & Johnson said that Beasley Allen principal Andy Birchfield had struck an alliance with one of its former lawyers, James Conlan, at Faegre Drinker Biddle & Reath.
5 minute read
By Hugo Guzman | December 5, 2023
Jason Guberman is sliding into the GC's seat as the company, now with slimmed-down ambitions, fights for profitability.
2 minute read
By Lawrence J. Kotler | December 5, 2023
During the course of their bankruptcy case, the debtors filed a second plan of reorganization (the plan), in which they referenced a potential and unliquidated claim against an entity known as "ED&F Man." Although this "claim" was also listed on the debtors' schedules, no version of the plan or disclosure statement specifically identified the defendant by name or explained the nature of the claim the debtors intended to assert against this entity.
8 minute read
By Victoria Pfefferle-Gillot | December 5, 2023
Bayard restructuring director Ericka F. Johnson spoke on a panel on Dec. 2, at this year's American Bankruptcy Institute (ABI) Winter Leadership Conference held in Scottsdale, Arizona.
1 minute read
By Jimmy Hoover | December 4, 2023
High court members note opioid victims' broad support for the deal despite the federal government's objection.
5 minute read
By Alexander Lugo | November 30, 2023
"The trend in restructuring is that the lawyers are getting much more creative in what options to use to actually restructure businesses, more so than they ever have," said Joe Pack, founding partner of Pack Law.
4 minute read
By Dan Roe | November 30, 2023
For law firms like Sullivan & Cromwell and Quinn Emanuel Urquhart & Sullivan, the bankruptcy of FTX is proving to be just as profitable as some of the most notoriously lucrative Chapter 11 proceedings.
3 minute read
By Lisa Willis | November 22, 2023
"This really opened my eyes to see how far I can push myself and what I can accomplish," said the Fort Lauderdale attorney.
4 minute read
By Brenda Sapino Jeffreys | November 16, 2023
"There is a lot that is not known. What happened here at least raises questions that require further inquiry," said Michael Richman, adjunct professor at University of Wisconsin-Madison Law School.
4 minute read
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/