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2024 Could Make or Break 'Creative' Mass Tort Bankruptcies: The Morning Minute
The news and analysis you need to start your day.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.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.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.View more book results for the query "Deutsche Bank"
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.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.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.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.Law Firm Operational Considerations for the Corporate Transparency Act
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Countdown to Compliance: SEC Private Fund Reforms
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