By Joseph Evans | May 16, 2018
Carillion inquiry report says firms were used as 'badge of credibility' as company unravelled
The Legal Intelligencer | Commentary
By Francis J. Lawall and Kate A. Mahoney | May 10, 2018
A designation of “insider” status can impact a wide range of issues within a bankruptcy proceeding and sometimes change the outcome of the case. For example, the preference clawback period is deemed extended to one year for any payments or other transfers made by a debtor to an insider
By Joseph Evans | May 10, 2018
Magic circle firm leads for retailer with Chinese investor set to become majority shareholder
By Colby Hamilton | May 9, 2018
Jay Alix, founder of McKinsey rival AlixPartners, claims McKinsey has unfairly profited by keeping secret its conflicted client relationships while handling bankruptcy cases, despite federal bankruptcy rules that require disclosure.
By Jacob H. Marshall and Randall Klein | May 9, 2018
As of Jan. 1, 2018, each jointly administered debtor with quarterly disbursements of at least $1,000,000 must pay a fee of 1% of all disbursements, up to $250,000 per quarter. Although this change in the law was only intended to address shortfalls in UST funding, it has taken a little-noticed component of bankruptcy and magnified it into a ticking tax-bomb for unsuspecting debtors and their lenders.
By Tom McParland | May 4, 2018
Cambridge Analytica's decision to shutter its business amid the unfolding controversy surrounding its use of user data obtained from Facebook Inc. could mean that bankruptcy proceedings are soon headed for a Manhattan federal courtroom.
By Brian Baxter | May 1, 2018
The iconic maker of guitars, pianos and other musical instruments owes nearly $140,000 to one large firm. But a candy company, the nation's largest gun-maker and controversial health institute are also stiffing attorneys from the Am Law 100.
New York Law Journal | Analysis
By Corinne Ball | April 25, 2018
In her Distress Mergers and Acquisitions column, Corinne Ball writes: In 'In re Transwest Resort Properties', the Ninth Circuit expressly rejected the “per debtor” interpretation of §1129(a)(10) in favor of a “per plan” approach.
By Scott Flaherty | April 24, 2018
A regional airline's bankruptcy case has put the CEO, an attorney and son of a prominent Louisiana lawyer and political fundraiser, on the hook for contempt.
Daily Report Online | Commentary
By Shari L. Klevens and Alanna Clair | April 23, 2018
If rainmakers have an incentive to stay at a firm through rough seas, the firm's chance of survival may increase.
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