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'Known' Creditors Can Pursue Untimely Claims in Any Venue
The U.S. Bankruptcy Court for the District of Delaware declared on July 14 that creditors known to debtors prior to filing for Chapter 11 bankruptcy that did not receive actual notice of the bankruptcy cases may pursue claims in the venue of their choice.For Clergy Abuse Claimants, $87M Camden Diocese Settlement Provides Blueprint for Future Wins
"I think this sends an extremely strong message to the other dioceses that claimants and survivors will not be pushed around, that they will stand together and they will stand in unison no matter how powerful the institution is," said plaintiffs attorney Gregory Gianforcaro.Bankruptcy Judge Asked to Find Camden Diocese in Contempt Over Alleged Concealment of $32M
"At best, this failure is the result of novel accounting; at worst, and more likely, the debtor is attempting to shield its assets from creditors while simultaneously failing to abide by this court's cash management order," the creditors' committee said in its contempt motion in the Diocese of Camden Chapter 11 proceedings. "These actions cast doubt on the integrity of this bankruptcy process and warrant immediate remedial action by this court."NJ Supreme Court Continues to Allocate Fault to Non-Monetarily Liable Co-Defendants
This article briefly outlines the seminal opinions issued by the NJ Supreme Court and the Appellate Division, which have increasingly permitted co-defendants to be included on the jury verdict sheet under the Comparative Negligence Act and the Joint Tortfeasors Contribution Law.Who Got the Work: Egg-cellent News for an Egg Farm, 37 Cats and 5 Parrots
Porter Wright Morris & Arthur helped secure a major defense win for Seymour, Indiana-based Rose Acre Farms in a $3 billion federal antitrust…View more book results for the query "McCarter English"
Zucker Goldberg Bankruptcy Plan Approved, But Disputes Persist
More than two years after Zucker, Goldberg & Ackerman filed its Chapter 11 petition, a federal bankruptcy judge in Newark has approved the defunct…Airline Bankruptcies Bolster Some Big Law Bottom Lines, Hit Others
A regional carrier in Hawaii recently became the latest aviation company to find itself bankruptcy court.No Soup For Them! Soupman's Bankruptcy Leaves Big Law Bowls Empty
Soupman Inc., a company that licenses the name made famous by the sitcom "Seinfeld," filed for bankruptcy on June 13 in Delaware, just weeks after its CFO was arrested for tax evasion. Polsinelli is seeking to save the debtor as it pursues a sale in Chapter 11. But some other large law firms face big writeoffs on their legal bills.Zucker Goldberg Commingled Finances With Software Company, Examiner's Report Says
An investigator's report alleges that creditors owed money by bankrupt New Jersey foreclosure firm Zucker, Goldberg & Ackerman may have valid causes of action in connection with how the firm did business in recent years.Payments Deemed Unavoidable in Chapter 7 Case
A U.S. bankruptcy court judge has blocked a bid by a Chapter 7 trustee to avoid and recover nearly $800,000 as preference payments, ruling that the wire transfers were made in the ordinary course of business.Law Firm Operational Considerations for the Corporate Transparency Act
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Practical Guidance Journal: Protecting Work Product in a Generative AI World
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Countdown to Compliance: SEC Private Fund Reforms
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