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June 05, 2023 | New York Law Journal

Serta-nty on Open Market Purchases

In this article, we summarize the Serta up-tier transaction and its treatment by the courts, and provide practical guidance to market participants dealing with these type of transactions.
8 minute read
May 31, 2023 | The American Lawyer

Gibson Dunn Hires O'Melveny Restructuring Co-Chair in New York

Joseph Zujkowski joined Gibson Dunn after 10 years at his former firm.
2 minute read
May 16, 2023 | Law.com

Chapter 11 Reorganization Plan Filed in J&J Talc Bankruptcy: 'Pennies on the Dollar'

A Johnson & Johnson subsidiary filed its Chapter 11 reorganization plan on Monday, but lawyers for talc claimants already raised concerns about it at a Tuesday hearing.
5 minute read
May 03, 2023 | Law.com

Talc Bankruptcy Attorneys Raise 'Serious Concerns' About Future Claims Rep's Impartiality

At a Wednesday bankruptcy hearing, plaintiffs' lawyers raised concerns that Randi Ellis, whose re-appointment as the representative for future claims is pending, wasn't impartial anymore given her alleged involvement in preparing the second Chapter 11 case.
5 minute read
April 25, 2023 | New York Law Journal

Fifth Circuit Recognizes Finality of Bankruptcy Sale Orders

Fifth Circuit lauds bankruptcy courts, pointing to the importance of finality for bankruptcy sale orders and the damaging impact of COVID-19 on the debtor's business, to affirm good faith purchaser status of an affiliated purchaser.
13 minute read
Law Journal Press | Digital Book Pennsylvania Tax Handbook 2024 Authors: Stewart M. Weintraub, Jennifer W. Karpchuk, Chamberlain Hrdlicka View this Book

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April 18, 2023 | Law.com

'This Bankruptcy Is Unconscionable': Judge Hears All-Day Arguments About Talc Bankruptcy's Stay

On Tuesday, U.S. Bankruptcy Chief Judge Michael Kaplan heard more than eight hours of arguments on whether the automatic stay in this month's talcum powder bankruptcy filing should halt trials against Johnson & Johnson.
4 minute read
April 18, 2023 | Delaware Business Court Insider

'A Whole New World': Judge Hears All-Day Arguments About Talc Bankruptcy's Stay

On Tuesday, U.S. Bankruptcy Chief Judge Michael Kaplan heard more than eight hours of arguments on whether the automatic stay in this month's talcum powder bankruptcy filing should halt trials against Johnson & Johnson.
4 minute read
April 11, 2023 | Law.com

'Let's Try to Raise Our Game': Lawyers Unleash Slapshots at First Hearing in New Talc Bankruptcy

Chief Judge Michael Kaplan, of the U.S. Bankruptcy Court, cautioned lawyers on Tuesday at the first hearing in this month's Chapter 11 case to tone down the vitriol. "The world is watching," he said.
5 minute read
March 10, 2023 | Connecticut Law Tribune

Riddled With Errors: Alex Jones to Face Sanctions If Bankruptcy Filing Is Inaccurate

"We have a client in this situation that just has very little knowledge of his financial background," Alex Jones attorney Vickie Driver said. "I am looking for ... support for every fact."
4 minute read
February 22, 2023 | New York Law Journal

Fifth Circuit Orders Bankruptcy Court to Abstain from Deciding Issues Relating to Public Electricity Market

In her latest Distress M&A column, Corinne Ball discusses the recent decision in 'Elec. Reliability Council of Texas v. Just Energy,' which she believes participants in state-regulated industries, such as utilities, should pay special attention to. The decision, ordering abstention, "raises the possibility that a state-regulated debtor may face real challenges in a reorganization if it seeks to dramatically alter its obligations to a state or quasi-state agency."
13 minute read

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