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By Dan Roe | May 1, 2023
Corporate restructurings are on the rise among companies that were either hobbled or bolstered by the pandemic.
5 minute read
Delaware Business Court Insider
By Ellen Bardash | April 10, 2023
The report enumerates FTX's internal shortcomings identified in the past five months, from sloppy accounting to leaving hundreds of millions of dollars in easily accessible storage.
5 minute read
By Barbara M. Goodstein | April 5, 2023
Since 1990, the UCC Permanent Editorial Board (PEB), has issued 27 commentaries interpreting the UCC or its Official Comments, the most recent of which the authors discuss here.
8 minute read
By Alexander Lugo | March 22, 2023
"You could modify every single one of your debts without a single creditor voting in favor of the plan," Akerman partner Eyal Berger says of Subchapter V. "That's a huge departure, and it really gives incredible leverage to get companies restructured."
4 minute read
Delaware Business Court Insider
By Ellen Bardash | March 20, 2023
A complaint in the global Chapter 11 case was filed Sunday by Sullivan & Cromwell and Landis, Rath & Cobb attorneys "in response to serial threats" to relocate the case.
3 minute read
By ALM Staff | March 14, 2023
This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
By Colleen Murphy | March 10, 2023
"Faced with this conflicting and rather spare evidentiary record, we perceive no error in the court's determination that Philpot had failed to carry his burden of proving that lender's cause of action arose in any particular state other than Utah," stated Harris.
5 minute read
By Collin Binkley | The Associated Press | March 2, 2023
"It felt like people who could never understand why we would want something like this," said Niara Thompson, a University of Georgia student. "I wanted to be like, 'Y'all don't understand. Y'all are focusing on this, but there's people out here who are struggling to find food for their families.'"
5 minute read
By Jason Grant | February 8, 2023
"Consumers facing repossession and collection actions on their vehicles deserve clear and transparent information from auto lenders," said Massachusetts Attorney General Joy Campbell. Her office noted that more than 500 borrowers across Massachusetts are expected to be eligible for relief under the $7.6 million settlement, which includes about $5.5 million in debt relief funds.
3 minute read
By Barbara M. Goodstein | February 1, 2023
The key takeaway from the appeal court's analysis is obvious. Although waiver language can be broadly written, a waiver of defenses associated with standard guaranty "absolute and unconditional" language may not, in and of itself, waive a defense based on the statute of limitations.
8 minute read
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/