By Amanda Bronstad | July 9, 2024
Retired U.S. Magistrate Judge Joel Schneider, of the District of New Jersey, found on Tuesday that there was not good cause to allow Johnson & Johnson to pursue discovery about Beasley Allen's litigation financing.
New York Law Journal | Analysis
By Jeffrey M. Rosenthal, Vincent J. Roldan and Joshua S. Bauchner | July 9, 2024
The Fifth Circuit, in 'In re GFS Industries', recently issued a decision siding with the controversial 'Cleary Packaging' decision. All of a sudden, the subchapter V debtor's efforts to use a streamlined procedure could be undermined by Section 523(a) litigation even outside the Fourth Circuit.
By Dan Roe | July 9, 2024
Growing the bankruptcy group is key to Cooley's balance of cyclical and countercyclical practices, the firm's litigation chair said in an interview.
National Law Journal | Research
By Sulaiman Abdur-Rahman | July 8, 2024
"Commercial filing trends continue to show strong double digit percentage increases in year-over-year filings, while individual filings increased at a much lower rate compared to commercial filings in the first half of 2024," said Michael Hunter, vice president of the Epiq AACER bankruptcy data platform.
By Dan Roe | July 8, 2024
Opioid claimants are set to receive $20 million upon the bankruptcy's conclusion, plus $27.5 million in deferred payments.
The Legal Intelligencer | Commentary
By Andrew C. Kassner and Joseph N. Argentina Jr. | July 5, 2024
The court performed an intensive factual review and legal analysis, and concluded that it had the authority to craft an equitable remedy that balanced the protections afforded commercial landlords under the Bankruptcy Code with the bankruptcy policy of promoting equality of distributions to all creditors. In the end, the court did grant an administrative claim but in a reduced amount.
The American Lawyer | Analysis
By Dan Roe | July 5, 2024
A lawyer admitted in 2014 could cost between $1,695 and $530, depending on which firm you hire.
By Dave Collins | The Associated Press | July 3, 2024
Creditors, including two former Georgia election workers who won a $148 million defamation judgment against the disbarred former New York mayor and adviser to former Presidential Donald Trump, are opposing his attempt to convert his bankruptcy into a liquidation.
By Victoria Pfefferle-Gillot | July 3, 2024
Joseph C. Barsalona II, partner in the bankruptcy, restructuring and creditors' rights practice at Pashman Stein Walder Hayden, is scheduled to be a featured guest speaker at the American Bankruptcy Institute's 2024 Mid-Atlantic Bankruptcy Workshop in Annapolis, Maryland.
Daily Business Review | Commentary
By Angelo Castaldi | June 28, 2024
The U.S. Supreme Court has issued its most anticipated bankruptcy decision in recent memory. As the case's name—Hamilton v. Purdue Pharma—suggests, it stems from the company (Purdue Pharma) and the family (the Sacklers) at the center of the opioid pandemic that has claimed the lives of approximately 247,000 Americans from 1999 to 2019 alone.
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