News and information on bankruptcy and bankruptcy law
By Dan Packel | October 18, 2023
The firms are at odds because Quinn Emanuel partners Erika Morabito and Brittany Nelson began the contingency-based representation of LeClairRyan's bankruptcy trustee as partners at Foley & Lardner.
4 minute read
By Greg Andrews | October 18, 2023
Because many Rite Aid stores are in communities without other pharmacies, Rite Aid had argued that canceling the pact would "put millions of lives at risk."
2 minute read
By Chris O'Malley | October 17, 2023
The pharmacy chain says McKesson claims to have canceled its drug-supply contract, a move Rite Aid calls a negotiating ploy that uses the well-being of its pharmacy customers as a bargaining chip.
5 minute read
By Hugo Guzman | October 16, 2023
Thomas Sabatino Jr., who took the legal reins in June, faces numerous challenges—including resolving a thicket of opioid litigation.
4 minute read
By Dan Roe | October 13, 2023
A long-term romantic relationship between a Texas bankruptcy judge and a former Jackson Walker partner raises questions about law firms' obligations to disclose such information, a legal ethics professor said.
5 minute read
By Andrew C. Kassner and Joseph N. Argentina Jr. | October 13, 2023
Many clients are not aware that the Bankruptcy Code provides that, upon the filing of a bankruptcy case, the receiver is required to give back possession of the mortgaged property to the debtor unless the lender obtains an order from the Bankruptcy Court excusing the receiver from this requirement.
11 minute read
By Alan B. Morrison | October 12, 2023
Even if the U.S. Court of Appeals for the Second Circuit were right that some releases are permitted, there are many other significant questions about who is entitled to a release, and under what circumstances, on which the statute provides absolutely no guidance, writes contributor Alan B. Morrison.
5 minute read
By Adolfo Pesquera | October 9, 2023
"Appellants' arguments that Texas law, not federal bankruptcy law, controls are incorrect. We find the pre-petition payment doesn't affect the debtor's equitable interest in them at the time the petition was filed," wrote Fifth Circuit Judge Stephen A. Higginson.
3 minute read
By Dan Roe | October 5, 2023
Not since the global financial crisis have large corporate bankruptcies been as common as they are this year, according to a new report by New Generation Research.
3 minute read
By Ellen Bardash | October 4, 2023
U.S. District Court Judge Richard G. Andrews said that a SCOTUS case involving Purdue Pharma could impact some releases, a stay would impose uncertainty and damage to many claimants.
4 minute read
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