By Colleen Murphy | April 29, 2022
An advisory committee for an asbestos trust is seeking an order to keep secret all "identifying information regarding law firms that represent individual claimants" in a federal trial set to begin Monday in Erie over alleged mismanagement of the claims process.
The Legal Intelligencer | News
By Justin Henry | April 28, 2022
A Chapter 7 trustee's claims accusing a Chicago partner of practicing law in California without a license and the firm of breaching its fiduciary duty advanced, but the California bankruptcy judge dismissed a claim of professional negligence without prejudice.
The Legal Intelligencer | Analysis
By Justin Henry | April 21, 2022
Corporate, real estate, tax and wealth planning practices all enjoyed double-digit gains, as the Philadelphia-founded firm posted 7.3% overall revenue growth.
By Ellen Bardash | April 14, 2022
During six days of closing arguments, attorneys went through the bankruptcy plan with a fine-tooth comb before U.S. District Judge Laurie Selber Silverstein of the District of Delaware, who pushed all sides for answers on how far her decision will extend into administration of the plan.
The Legal Intelligencer | News
By Aleeza Furman | April 7, 2022
A federal judge's decision to allow the plaintiff to go after companies owned by the shareholders marks an early application of the "enterprise theory" of veil piercing that the Pennsylvania Supreme Court established in July 2021.
The Legal Intelligencer | Commentary
By Catherine B. Heitzenrater | March 28, 2022
In the face of financial distress, or a creditor exercising its remedies against a company's assets, there are significant benefits to filing a Chapter 11 case under the U.S. Bankruptcy Code regardless of where in the world the debtor company is headquartered or conducts its business.
The Legal Intelligencer | Commentary
By Ann Pille, Richard Tannenbaum, Alexis Leventhal and Emily Costantinou | March 28, 2022
Whatever their ultimate business decision may be, practitioners would be well-served to consider the implications of Section 365(a) of the Bankruptcy Code when they are first negotiating the vendor finance agreements.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Vilas Ramachandran | March 10, 2022
History has shown that some companies choose to litigate each claim on a case-by-case basis hoping that its insurance does not run out, while others attempt to negotiate mass settlements utilizing insurance as well as company assets to strike a deal.
The Legal Intelligencer | Commentary
By Andrew C. Kassner and Joseph N. Argentina Jr. | February 28, 2022
Certain sectors and businesses undoubtedly will experience distress, and doing business with distressed customers always brings the risk of nonpayment.
By Avalon Zoppo | Amanda Bronstad | February 25, 2022
"The court is not persuaded by the objecting parties' allegations of gamesmanship or inequity," the judge wrote.
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