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News and information on bankruptcy and bankruptcy law
By Edward E. Neiger, Marianna Udem and Joo Hee Park | May 16, 2024
This issue of the Bankruptcy Update focuses on the recent retail industry bankruptcy cases of 99 Cents Only, Express and JOANN.
5 minute read
By Jeffrey B. Steiner and Megan Vallerie | May 14, 2024
A seemingly tidy and fair solution to a very complicated problem, a deed in escrow gives a borrower additional time to sell or refinance its property while still giving the lender an efficient means to obtain the property if the borrower defaults anew. This is hardly a gift in New York though, where the oft-called "deed in a box" is almost always held to be unenforceable.
6 minute read
By Adolfo Pesquera | May 13, 2024
"These investments have all the appearances of a Ponzi scheme that is continuing to harm Steward-owned hospitals," said U.S. Sens. Elizabeth Warren and Ed Markey.
4 minute read
By Amanda O'Brien | May 10, 2024
James Newell, based in Pittsburgh, succeeded Joe Dougherty as chairman and CEO of the Am Law 200 firm on Thursday.
4 minute read
By Adolfo Pesquera | May 8, 2024
But the law firm is arguing the statute of limitations bars the bankruptcy receiver's effort to disgorge its profits.
5 minute read
By Dan Roe | May 7, 2024
Bankruptcy demand rose 3% in Q1 compared to Q1 2023, according to a recent Thomson Reuters report.
3 minute read
By Ediberto Roman | May 7, 2024
The Texas two-step provides a basis for equitable and efficient judicial resolutions and provides global stability that prevents high-stakes litigation shopping. It is thus an efficient means to resolve a host of claims that can number into the thousands in a host of courts throughout the country.
7 minute read
By Dan Roe | May 6, 2024
A Delaware bankruptcy judge's recent order reflects rising scrutiny over Big Law bills in mega-bankruptcies.
4 minute read
By Francis J. Lawall and Heather P. Smillie | May 3, 2024
In a recent decision, the U.S. District Court for the District of Delaware upheld a bankruptcy court's ruling that a liquidating trust had the authority to pursue not only estate causes of action, but also third-party claims held by preference defendants and turned over to the trust as part of preference claim settlement consideration.
8 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read
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