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April 18, 2024 | Daily Business Review

American Bankruptcy Institute President Behind Push for Subchapter V Legislation

"The biggest accomplishment is that at the annual spring meeting, the task force will release and publish important recommendations to Congress," the ABI president said in an interview.
3 minute read
April 09, 2024 | The American Lawyer

IPO to Insolvency: Big Law Isn't Done Making Money on EV SPACs

"They didn't care because they were making too much money off of it, and now it's especially sad that they're finding yet another way to make money off of the very problems they helped create," Yale Law School professor John Morley said of the corporate lawyers who participated in the frenzy.
8 minute read
February 02, 2024 | The Legal Intelligencer

Mere Presence of Cannabis Near a Bankruptcy Case Does Not Automatically Preclude Relief

In In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
7 minute read
January 22, 2024 | Law.com

'I Was Always Frustrated': Talc Federal Bankruptcy Judge Wants This Rule to Change

In a Jan. 10 letter, U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey asked the Federal Committee on Rules of Practice and Procedure to change a rule that prohibits bankruptcy judges from appointing special masters.
6 minute read
December 08, 2023 | New York Law Journal

Cryptocurrency Companies in Chapter 11: BlockFi's Experience

This article focuses on the confirmation of BlockFi's Chapter 11 plan, and the lessons learned from the case.
8 minute read
Law Journal Press | Digital Book Wrongful Use of Civil Proceedings and Related Torts in Pennsylvania, Second Edition Authors: George Bochetto, David P. Heim, John A. O’Connell, Robert S. Tintner View this Book

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October 31, 2023 | Law.com

DIP Financing and Liens On Avoidance Actions

The Eighth Circuit's decision in Simply Essentials has practical significance for Chapter 11 debtor in possession (DIP) lenders. U.S. Trustees and unsecured creditors regularly object to the granting of liens on avoidance actions, but this and other appellate rulings should now eliminate the purported legal obstacle.
9 minute read
October 03, 2023 | New York Law Journal

WeWork's Landlords: Choosing the Best of Bad Options

The threat of bankruptcy leave property owners with a set of tough options.
3 minute read
September 27, 2023 | Daily Business Review

Next U.S. Bankruptcy Judge in South Florida to Become Chief Judge

The next chief judge officially takes over Sunday.
4 minute read
August 07, 2023 | The American Lawyer

As More Partners Leave, Stroock Votes to End Pension Obligation

A five-partner restructuring team is the latest to leave Stroock for Morgan Lewis. Meanwhile, the New York firm said it has secured the votes needed to end its pension obligation, removing an obstacle for a merger.
3 minute read
April 25, 2023 | New Jersey Law Journal

Plaintiffs' Lawyers Move to Dismiss J&J's Talc Bankruptcy … Again

In a Monday motion, a talc claimants committee said Johnson & Johnson's LTL Management manufactured financial distress when it filed for Chapter 11 bankruptcy this month.
4 minute read

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