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April 26, 2024 | Delaware Business Court Insider

Closing 'Unacceptable Loopholes': How Sex Abuse Claimants Could Gain Power in Chapter 11 Bankruptcies

The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
April 25, 2024 | The Legal Intelligencer

Skeptical of Sacks Weston's Survival, Judge Dismisses Firm's Chapter 11 Petition

"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
April 24, 2024 | The Legal Intelligencer

Under Pressure From Lit Funding Creditor, Sacks Weston Agrees to Drop Chapter 11 Bid

The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
April 24, 2024 | New York Law Journal

Has the Seventh Circuit Opened the Door for Distressed Investors Through Limiting the Risk of Failed LBOs or Other Stock Sales?

In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read
April 24, 2024 | Delaware Business Court Insider

Bankruptcy Court Rejects Equity Holder's Challenge to Revoke Confirmation Order in 'Virgin Orbit'

The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 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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April 22, 2024 | Law.com

'We Fight': The Dallas Firm That Won $45M Talc Verdict Refused Johnson & Johnson's Settlement Offer

Friday's verdict against Johnson & Johnson, in Chicago's Cook County Circuit Court, is the first for a mesothelioma victim since two failed talc bankruptcies last year—and a groundbreaking win for Dallas-based Dean Omar Branham Shirley.
5 minute read
April 22, 2024 | Delaware Business Court Insider

Express Files for Bankruptcy In Delaware, Retaining Kirkland

No Big Law firm has dominated the cash-strapped sector of retail like Kirkland & Ellis.
3 minute read
April 22, 2024 | The American Lawyer

With Express Bankruptcy Retention, Kirkland Begins 6th Retail Restructuring in a Year

No Big Law firm has dominated the cash-strapped sector of retail like Kirkland & Ellis.
3 minute read
April 22, 2024 | Delaware Law Weekly

DSBA to Hold Elder Law Financial CLE

The elder law and bankruptcy sections of the Delaware State Bar Association (DSBA) are scheduled to hold a live CLE on Wednesday, titled "Senior Citizens, Incompetents, and Bankruptcy."
1 minute read
April 22, 2024 | The American Lawyer

Help, the Lenders Are Fighting Again: Creditor Violence Driving Demand in Bankruptcy, Litigation Practices

As more large corporations go bust, lenders are jockeying for the position to get repaid first.
6 minute read

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