Delaware Business Court Insider
By Victoria Pfefferle-Gillot | August 20, 2024
On Aug. 6, Bayard attorney Steven D. Adler spoke on an American Bankruptcy Institute Workshop (ABI) panel titled "Financial Distress/Good Faith."
By Brenda Sapino Jeffreys | August 19, 2024
Chief U.S. Bankruptcy Judge Edwardo Rodriguez of the Southern District of Texas issued an opinion on Friday sanctioning former U.S. Bankruptcy Judge David Jones to 7.5 hours of ethics-related continuing legal education.
The American Lawyer | Analysis
By Dan Roe | August 19, 2024
As private credit gobbles up market share from broadly syndicated loans, law firms not already steeped in direct lending are building multifaceted practices to avoid losing restructuring work to better-positioned peers.
By Theresa A. Driscoll | August 15, 2024
Until now, a successful reorganization assumed the debtor could confirm a plan with nondebtor releases and injunctions based on less than full creditor consensus. Now that nonconsensual releases in Chapter 11 plans are no longer permitted, will debtors have a more difficult time obtaining a 105(a) injunction?
Daily Business Review | Commentary
By Sarah J. Glasser | August 15, 2024
Steward Health touts itself as the largest private, tax-paying hospital operator in the country. With 33 community hospitals across nine states and…
National Law Journal | Commentary
By David Casazza, Elizabeth Kiernan and Addison Bennett | August 14, 2024
The Supreme Court's holding in Truck Insurance Exchange v. Kaiser Gypsum ensures that insurers who have long been silenced in Chapter 11 proceedings will now be heard.
The American Lawyer | Analysis
By Dan Roe | August 12, 2024
Kirkland's favorite bankruptcy destination appears off-limits for now, but competing firms haven't shied from the Southern District of Texas following a 2023 scandal.
The Legal Intelligencer | Commentary
By Lawrence J. Kotler and Ryan Spengler | August 12, 2024
The court found that the simple administration of certain ownership interests of retail cannabis dispensaries "is not in and of itself necessarily equivalent to administering marijuana assets." And, as such, a Chapter 7 trustee could administer and monetize these ownership interests without violating the law.
By Charles Toutant | August 9, 2024
Given that John Dunlea has been sentenced to five years in prison for his crimes, "he has no reasonable expectation of timely or adequately funding any plan of reorganization," McElroy Deutsch said in its motion to dismiss the bankruptcy petition.
Delaware Business Court Insider | News
By Ellen Bardash | August 8, 2024
Proponents of plans like the BSA's and Purdue Pharma's say they're the most efficient way to resolve tens of thousands of claims that would take significantly more time and resources to litigate separately in the tort system.
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