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News and information on bankruptcy and bankruptcy law
By Amanda Bronstad | December 21, 2021
Lawyers for talc claimants have moved to dismiss the Chapter 11 case, filed by LTL Management, a newly created subsidiary of Johnson & Johnson, to resolve more than 38,000 lawsuits alleging that its talcum powder products cause ovarian cancer or mesothelioma.
9 minute read
Delaware Business Court Insider
By Amanda Bronstad | December 21, 2021
Lawyers for talc claimants have moved to dismiss the Chapter 11 case, filed by LTL Management, a newly created subsidiary of Johnson & Johnson, to resolve more than 38,000 lawsuits alleging that its talcum powder products cause ovarian cancer or mesothelioma.
9 minute read
By Amanda Bronstad | December 21, 2021
Lawyers for talc claimants have moved to dismiss the Chapter 11 case, filed by LTL Management, a newly created subsidiary of Johnson & Johnson, to resolve more than 38,000 lawsuits alleging that its talcum powder products cause ovarian cancer or mesothelioma.
9 minute read
By Edward E. Neiger | December 20, 2021
In this issue of his Bankruptcy Update, Edward E. Neiger focuses on recent successful restructurings of information technology companies Riverbed Technology and GTT Communications.
4 minute read
Delaware Business Court Insider
By Avalon Zoppo Michael Marciano | December 19, 2021
Delaware, Connecticut, California, the District of Columbia, Maryland, Oregon, Rhode Island, Vermont, and Washington appealed the controversial bankruptcy court decision that sought to extinguish Connecticut's claims against both Purdue and the non-bankrupt Sackler family. The plan sought to grant lifetime immunity to the Sackler family for civil opioid-related claims.
6 minute read
By Avalon Zoppo | December 17, 2021
"The decision may embolden other judges who have had concerns about non-debtor releases but are typically told, playground style, 'but everyone is doing it,'" said law professor Melissa Jacoby.
5 minute read
By Avalon Zoppo | December 17, 2021
The holding isn't legally binding in other cases but may sway judges who already had reservations about such releases to reject them, or require more work to justify them, one law professor said.
5 minute read
By Jane Wester | December 16, 2021
The ruling approving the settlement from the U.S. Bankruptcy Court was appealed by the U.S. Department of Justice and eight states, among others.
3 minute read
By Francis J. Lawall and Patrick M. Ryan | December 16, 2021
As one recent case out of the Southern District of New York demonstrates, Chapter 15 carries the potential to significantly impact not only the main foreign bankruptcy, but civil litigation in the United States as well.
9 minute read
By Michael A. Mora | December 13, 2021
"This is almost a legal problem created by a failure of technology," said business attorney, David Winker.
4 minute read
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