By Michael Napoli | August 30, 2024
"Bankruptcy practitioners have long recognized that traditional Chapter 11 reorganizations are too complicated, too lengthy and too expensive for any but the largest businesses," writes Michael Napoli of Akerman.
Delaware Business Court Insider | Commentary
By Mark E. Felger and Simon E. Fraser | August 28, 2024
In the wake of the U.S. Supreme Court's landmark decision this June in Harrington v. Purdue Pharma, the U.S. Bankruptcy Court for the District of Delaware recently addressed a question left open by the Supreme Court—whether a bankruptcy court may still issue a preliminary (i.e., temporary) injunction of a creditor's claims against a nondebtor.
Litigation Daily | Conversation
By Ross Todd | August 27, 2024
Kirkland & Ellis litigator Mark McKane and his restructuring partner Aparna Yenamandra discuss their recent work on behalf of retail pharmacy Rite Aid, which is poised to emerge from bankruptcy.
By Dan Roe | August 26, 2024
Joe Zujkowski previously co-chaired O'Melveny's restructuring practice before joining Gibson Dunn last year.
By Avalon Zoppo | August 22, 2024
Judge Milan Smith Jr. noted a disagreement between circuit courts on whether state claims arising in a bankruptcy proceeding must be lodged in federal court.
The American Lawyer | Analysis
By Max Mitchell | August 22, 2024
"It's gaining a reputation. Where Kirkland goes, a lot of people will follow."
By James Palmer | Greg Andrews | August 21, 2024
Sabatino helped the pharmacy chain navigate its way through a Chapter 11 bankruptcy restructuring that slashed its debt load.
By Max Mitchell | August 21, 2024
"It has always been a concern for me and my judicial colleagues (as well as the bar) that there have been Chapter 11 cases in which a company's headquarters or significant facilities and operations were in New Jersey, but the filings were elsewhere."
By Max Mitchell | August 21, 2024
Exactly why the Garden State's bankruptcy court is increasingly being looked to for large bankruptcies is a multifactored question, but many point to the work of Chief Judge Michael Kaplan in helping the bench gain and spread a reputation for one that moves efficiently and effectively.
New York Law Journal | Analysis
By Corinne Ball | August 21, 2024
Beyond the precision that should be present in the pledge agreement, actually divesting control of a company may have unintended consequences.
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