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January 12, 2024 | Law.com

2024 Could Make or Break 'Creative' Mass Tort Bankruptcies: The Morning Minute

The news and analysis you need to start your day.
4 minute read
December 19, 2021 | Delaware Business Court Insider

Purdue Pharma Bankruptcy Deal Could Tee Up SCOTUS Review of Liability Releases

Delaware, Connecticut, California, the District of Columbia, Maryland, Oregon, Rhode Island, Vermont, and Washington appealed the controversial bankruptcy court decision that sought to extinguish Connecticut's claims against both Purdue and the non-bankrupt Sackler family. The plan sought to grant lifetime immunity to the Sackler family for civil opioid-related claims.
6 minute read
December 17, 2021 | National Law Journal

Rejection of Purdue Pharma Bankruptcy Deal Could Tee Up SCOTUS Review of Liability Releases

"The decision may embolden other judges who have had concerns about non-debtor releases but are typically told, playground style, 'but everyone is doing it,'" said law professor Melissa Jacoby.
5 minute read
December 17, 2021 | New York Law Journal

New York Judge's Rejection of Purdue Pharma Bankruptcy Deal Could Tee Up SCOTUS Review of Liability Releases

The holding isn't legally binding in other cases but may sway judges who already had reservations about such releases to reject them, or require more work to justify them, one law professor said.
5 minute read
October 14, 2021 | New York Law Journal

Bankruptcy Judge in Purdue Pharma Case Rejects Bid to Fast-Track Appeal Straight to 2nd Circuit

The U.S. Department of Justice moved for direct certification of the appeal alongside states opposing the settlement.
3 minute read
September 17, 2021 | New York Law Journal

Congress Seeks To Restrict Nondebtor Releases in New Bankruptcy Reform Bill

While some of the concerns regarding nonconsensual third-party releases may be valid, the Nondebtor Release Prohibition Act of 2021 goes too far in limiting what can, in the right circumstances, be a valuable tool in restructurings.
8 minute read
July 20, 2021 | New York Law Journal

Kleinberg Kaplan Leads States' Opposition to Proposed $4.5B Settlement With Purdue Pharma, Sackler Family

Objectors argue that a lifetime immunity provision for Purdue's owners, members of the Sackler family, will tie the hands of state attorneys general.
5 minute read
June 04, 2021 | New York Law Journal

Important Consideration Regarding Pending Bankruptcy Venue Reform Legislation

If the Venue Acts are adopted into law, limitations on venue choices may restrict the use of Chapter 11 as an effective resource for corporate debtors, depending on the precedent in the circuit of their principal place of business, on issues that may be critical to their reorganization efforts.
8 minute read
April 02, 2020 | Daily Business Review

Greenberg Traurig Loses Bankruptcy Rainmaker to Baker McKenzie as Restructuring Stays Hot

Longtime bankruptcy partners Mark Bloom and Paul Keenan have jumped to Baker McKenzie after a combined 50 years at Greenberg Traurig.
3 minute read
July 15, 2019 | Daily Business Review

Convicted Palm Beach EB-5 Fraudster's Oceanfront Mansion Sells for $30 Million

The mansion was sold in bankruptcy proceedings filed by Robert Matthews, who pleaded guilty to federal charges after he was accused of defrauding EB-5 visa investors in the Palm House Hotel.
4 minute read

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