The Legal Intelligencer | Commentary
By Francis J. Lawall and Marcy J. McLaughlin | February 7, 2019
A debtors' ability to formulate a plan of reorganization under Chapter 11 of the Bankruptcy Code is one of its most powerful tools. In a plan, the debtor must classify its creditors by the treatment to be afforded to them.
By R. Robin McDonald | January 28, 2019
U.S. District Chief Judge Thomas Thrash Jr.'s ruling called the 2017 data breach "unprecedented."
The Legal Intelligencer | Commentary
By Francesca C. Castagnola | January 28, 2019
Ensuring the members of the class receive their share of the proceeds requires expertise in a unique and specialized universe of regulation and market factors, along with the management prowess to effectively marshal classes that can contain millions of members and distributions into billions of dollars.
The Legal Intelligencer | Commentary
By Rudolph J. Di Massa, Jr. and Keri L. Wintle | December 27, 2018
In a matter of first impression within the U.S. Court of Appeals for the Second Circuit, the U.S. Bankruptcy Court for the Eastern District of New York recently rejected a preference defendant's request to apply a “hindsight analysis” in order to determine that a hypothetical preference waiver would have been granted in its favor.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Kenneth A. Listwak | December 20, 2018
A recent decision from the U.S. Court of Appeals for the Third Circuit in the high-profile Revel AC bankruptcy case, however, serves as a warning that reliance on the typical “free and clear” language in a sale order is not always a safe bet, see IDEA Boardwalk v. Revel Entertainment Group (In re Revel AC ), Case No. 17-3607 (3d Cir. Sept. 26, 2018).
By Charles Toutant | December 17, 2018
The Third Circuit said the District of New Jersey properly dismissed a claim filed by Prospect Funding Holdings because a Kentucky court ruled in March 2017 in a related case that its loan was void and unenforceable.
By Kristen Rasmussen | December 14, 2018
Leon Roday, who has served as the top lawyer at Genworth Financial since shortly after its IPO in 2004, has been named executive vice president and general counsel at the Randor, Pennsylvania-based financial services giant.
The Legal Intelligencer | News
By Max Mitchell | December 13, 2018
The lawsuit Philadelphia filed against Wells Fargo over its allegedly discriminatory lending practices has been put on hold as the parties work to see if they can come to an out-of-court agreement.
The Legal Intelligencer | Commentary
By Rudolph J. Di Massa, Jr. and Catherine B. Heitzenrater | November 15, 2018
In a matter of first impression, the U.S. Bankruptcy Court for the Northern District of New York recently analyzed whether a debtor may exempt from her bankruptcy estate a retirement account that was bequeathed to her upon the death of her parent.
The Legal Intelligencer | News
By Max Mitchell | November 14, 2018
U.S. District Judge Harvey Bartle found that the firm failed to show that the banking institution breached any agreement, violated federal regulations or breached the Pennsylvania Commercial Code.
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