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Consumer Fin. Prot. Bureau v. The Nat'l Collegiate Master Student Trust
Publication Date: 2020-06-17
Practice Area: Creditors' and Debtors' Rights
Industry: Financial Services and Banking | Education
Court: U.S. District Court of Delaware
Judge: District Judge Noreika
Attorneys:
For plaintiff: Colin T. Reardon, Gabriel S.H. Hopkins, Jane M.E. Peterson, Stephen C. Jacques, Consumer Financial Protection Bureau, Washington, DC for plaintiff.
For defendant: Jamie L. Brown, Kurt M. Heyman, Melissa N. Donimirski, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Devon Hercher, Erik W. Haas, George A. LoBiondo, Jared Buszin, Joshua Kipnees, Peter Shakro, Peter W. Tomlinson, Patterson Belknap Webb & Tyler, New York, NY for defendant Ambac Assurance Corp.Daniel A. O’Brien, Venable LLP, Wilmington, DE; Allyson B. Baker, Meredith L. Boylan, Sameer P. Sheikh, Katherine M. Wright, Tiffany C. Williams, Venable LLP, Washington, DC for defendant Transworld Systems, Inc.Catherine A. Gaul, Ashby & Geddes, PA, Wilmington, DE; Michael Hanin, Henry B. Brownstein, Uri Itkin, Kasowitz Benson Torres LLP, New York, NY for defendant Objecting Noteholders.Rebecca L. Butcher, Landis Rath & Cobb LLP, Wilmington, DE; John P. Doherty, William Hao, Alston & Bird LLP, New York, NY for defendant GSS Data Services.Stacey A. Scrivani, Stevens & Lee, P.C., Wilmington, DE; Nicholas H. Pennington, Stevens & Lee, P.C., King of Prussia, PA for defendant The Pennsylvania Higher Education Assistance Agency. Stephen B. Brauerman, Elizabeth A. Powers, Jayson C. Jowers, Bayard, P.A., Wilmington, DE for defendant Wilmington Trust Company.John W. Shaw, Jeffrey T. Castellano, David M. Fry, Shaw Keller LLP, Wilmington, DE; Stephen H. Meyer, Sullivan & Cromwell, LLP, Washington, DC; Matthew A. Martel, Joseph B. Sconyers, Keith M. Kollmeyer, Jones Day, Boston, MA for defendant U.S. Bank National Association.
Case number: D69015

Counsel for trusts lacked authority to sign proposed consent judgment where trust agreements expressly authorized owner trustee as the sole entity to bind the trusts.

Barnet v. Ministry of Culture & Sports of the Hellenic Republic
Publication Date: 2020-06-15
Practice Area: Civil Procedure
Industry:
Court: U.S. Court of Appeals for the Second Circuit
Judge: Circuit Judge Steven Menashi
Attorneys:
For plaintiff: For Plaintiffs-Appellees: Randall T. Adams, Bayard P. Brown, and Minji Reem on the brief, Gary Stein, Schulte Roth & Zabel LLP, New York, New York.
For defendant: For Defendant-Appellant: Leila A. Amineddoleh on the brief, Andrew Z. Schwartz, Foley Hoag LLP, Boston, Massachusetts.
Case number: 19-2171-cv

Greece's Claim of Figurine's Ownership Not Commercial Activity Outside U.S. Under FSIA

June 11, 2020 | New Jersey Law Journal

Bankruptcy Lawyer Joins Leadership at Cole Schotz Amid Shifting Market Demands

Warren Usatine is busy as his bankruptcy practice ramps up but is also mindful of the slow down in transactional and real estate.
3 minute read
June 10, 2020 | New Jersey Law Journal

After Hours: Wishnic & Jerushalmy; Middlesex County Bar Association; Hill Wallack

Middlesex Bar Installs 2020 Officers; Bhattacharya Joins Pandemic Task Force Committee.
3 minute read
June 08, 2020 | Delaware Law Weekly

DSBA Bankruptcy Law Section to Host Chapter 11 Primer

The bankruptcy law section of the Delaware State Bar Association is slated to host a Zoom webinar titled "Bankruptcy Nuts and Bolts: A Primer for Chapter 11 Cross-Training" from 9 a.m. to 12:30 p.m. June 23.
1 minute read
May 26, 2020 | The Legal Intelligencer

Ned Madeira, Longtime Leader at Pepper Hamilton, Dies at 92

During his 64-year career at Pepper Hamilton, Madeira served in top leadership positions and developed the firm's pharmaceutical and medical device practice. 
3 minute read
River Valley Ingredients, LLC v. Am. Proteins, Inc.
Publication Date: 2020-05-20
Practice Area: Deals and Transactions
Industry: Food and Beverage
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys:
For plaintiff: Stephen B. Brauerman and Sarah T. Andrade, Bayard, P.A., Wilmington, DE; Edward S. Sledge IV, Whitt Steineker, Zachary A. Madonia, Hillary C. Campbell and K. Laney Gifford, Bradley Arant Boult Cummings LLP, Birmingham, AL for plaintiffs.
For defendant: Philip A. Rovner and Jonathan A. Choa, Potter Anderson & Corroon LLP, Wilmington, DE; J. Allen Maines, Caroline Johnson Tanner, A. André Hendrick, Matthew D. Friedlander, Patrick B. Reagin and Jacquelyn Thomas Watts, Holland & Knight LLP, Atlanta, GA for defendants.
Case number: D68987

Defendants were bound by a forum selection clause in an asset purchase agreement, so the court granted plaintiffs' motion to remand the case to state court.

Acela Inv. LLC v. DiFalco
Publication Date: 2020-05-13
Practice Area: Corporate Entities
Industry: Pharmaceuticals
Court: Court of Chancery
Judge: Chancellor Bouchard
Attorneys:
For plaintiff: Peter B. Ladig and Brett M. McCartney, Bayard, P.A., Wilmington, DE for plaintiffs.
For defendant: Carmella P. Keener, Cooch and Taylor, P.A., Wilmington, DE; William T. Reid IV, Michael Yoder, Jordan L. Vimont, and Ryan M. Goldstein, Reid Collins & Tsai LLP, Austin, TX for defendants.
Case number: D68974

Liquidating trustee reasonably concluded that one asset purchase bid was superior to the other where the accepted bid was an all-cash offer that would help the company's depleted cash reserves and where the rejected bid had an unacceptable risk component as to the bidder's ability to commercialize the company's IP to pay the royalty component.

April 08, 2020 | Delaware Business Court Insider

One District Could Soon Overtake Delaware for Most Patent Cases

Unified Patents's Q1 Patent Dispute Report shows that a district in Texas is closing in on the top spot for patent infringement litigation—and it's not the Eastern district.
4 minute read
April 01, 2020 | The Recorder

Survey: Central District of California Ranks Third In Q1 Patent Cases, Northern District Sixth

Unified Patents's Q1 Patent Dispute Report shows that a district in Texas is closing in on the top spot for patent infringement litigation—and it's not the Eastern district.
4 minute read

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