September 09, 2024 | The Legal Intelligencer
Third Circuit Collapses Transaction to Avoid Fraudulent ConveyanceIn a recent decision, the U.S. Court of Appeals for the Third Circuit employed such an analysis and ordered the unwinding of a transaction involving transfers which passed through multiple related parties.
By Francis J. Lawall and Heather P. Smillie
7 minute read
July 29, 2024 | The Legal Intelligencer
Supreme Court Rejects Refunds for Excessive US Trustee FeesIn a recent decision, the U.S. Supreme Court addressed the appropriate remedy for the prior discriminatory application of U.S. Trustee quarterly fees in Chapter 11 cases.
By Francis J. Lawall and Tori L. Remington
8 minute read
May 03, 2024 | The Legal Intelligencer
Trustees May Pursue Third-Party Claims Acquired From Settling Preference DefendantsIn 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.
By Francis J. Lawall and Heather P. Smillie
8 minute read
February 09, 2024 | The Legal Intelligencer
Third Circuit—Chapter 11 Examiner Appointment Now MandatoryThe now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
By Francis J. Lawall and Brenden S. Dahrouge
7 minute read
October 26, 2023 | The Legal Intelligencer
Pre-petition Payment of Insurance Proceeds Triggers Preference RecoveryIn upholding the bankruptcy court's determination that the payment of insurance proceeds could be such a transfer, the Fifth Circuit underscored the complex interplay between state law, bankruptcy law and the rights of creditors in bankruptcy proceedings.
By Francis J. Lawall and Brenden S. Dahrouge
7 minute read
September 07, 2023 | The Legal Intelligencer
Second Circuit Finds Syndicated Loan Notes Are Not SecuritiesThe court affirmed the U.S. District Court for the Southern District of New York's decision that notes issued from the syndicated loan transaction were not securities under the application of the test set forth in the U.S. Supreme Court's decision in Reves v. Ernst & Young.
By Francis J. Lawall and Marcy J. McLaughlin Smith
8 minute read
July 27, 2023 | The Legal Intelligencer
BSA Plan Triggers Denial of Abuse Claims in Rockville Center Diocese Chapter 11Chapter 11 cases involving mass tort and complex personal injury claims often require the resolution of novel legal issues that stretch the bounds of existing precedent. As these cases evolve, they can also impact claims against other debtors unrelated to the case at hand through court-approved injunctions, releases or settlements.
By Francis J. Lawall and Brenden S. Dahrouge
6 minute read
June 08, 2023 | The Legal Intelligencer
Electricity Still Not a Good Under Section 503(b)(9)With this ruling, six bankruptcy court decisions from the District of Oregon, the Eastern District of Kentucky, the District of Delaware, the Northern District of Texas, and the Southern District of New York have held that electricity is not a "good" and does not qualify under Section 503(b)(9). The ruling can make the differences between being paid in full as opposed to pennies (if any) on the dollar.
By Francis J. Lawall and Brenden Dahrouge
6 minute read
May 04, 2023 | The Legal Intelligencer
Consulting Experts—When Privilege May Not ApplyA recent decision by the Bankruptcy Court for the Northern District of Texas, Northwest Senior Housing v. Intercity Investment Properties (In re Northwest Senior Housing), addressed these important issues involving the retention of a public relations firm and highlights some important pitfalls to avoid.
By Francis J. Lawall and Marcy J. McLaughlin Smith
6 minute read
February 02, 2023 | The Legal Intelligencer
No Blackout for Abstention in Chapter 15: Fifth Circuit Weighs InOn Jan. 5, the U.S. Court of Appeals for the Fifth Circuit recently provided some additional color to the abstention issue by ruling that the U.S. Bankruptcy Court for the Southern District of Texas lacked jurisdiction to decide an exclusively state-governed question related to emergency energy price controls.
By Francis J. Lawall and Brenden Dahrouge
9 minute read
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