By Amy Guthrie | December 6, 2024
Multinational cement manufacturer InterCement, represented by White & Case, is battling bondholders represented by Cleary in a New York court.
By Dan Roe | December 6, 2024
Firms raised the prices of their cheapest paralegals, associates and partners higher than rate hikes for more experienced professionals of the same tier, bankruptcy court records show.
By Andrew C. Kassner and Joseph N. Argentina Jr. | November 25, 2024
In a recent decision in In re Taing, the U.S. Bankruptcy Court for the District of Massachusetts held that a mortgagee holds a claim that could be modified by a Chapter 11 plan even if the debtor was not indebted under the mortgage, but limited the ability to “cram down” the plan terms against the lender to the extent it modified the lender’s rights against the nondebtor obligor.
By Adolfo Pesquera | November 21, 2024
Haynes Boone, defending Chiyoda International Corp., obtained dismissal of $1.3 billion in subrogation lawsuits.
By Alexander Lugo | November 19, 2024
Miami-based restructuring boutique Pack Law only has three attorneys on staff, but has found itself amid some consequential cases, including handling the Red Lobster bankruptcy as well as litigation against JBS Brazil.
By Craig R. Tractenberg | November 19, 2024
When franchisees choose to financially reorganize under the Bankruptcy Code, they may be the right size to choose to reorganize under subchapter V of Chapter 11. Subchapter V proceedings are simpler, more streamlined and less expensive than a traditional Chapter 11 and is ideal to allow the self-employed to revitalize their small business. Where the franchisor and the franchisee cannot reconcile, subchapter V may provide the franchisee with breathing room and leverage to be revitalized.
By Dan Roe | November 18, 2024
After a slower Q3, the rate of large corporate bankruptcies picked up in October.
By Adolfo Pesquera | November 14, 2024
In a U.S. Southern District of Texas bankruptcy filing, the Instant Brands trustee accused Cornell Capital of plundering the company through fraudulent transfers.
By Emily Cousins | November 14, 2024
"Truth is sometimes stranger than fiction," Alex Jones' Connecticut trial attorney, Norm Pattis of Pattis & Paz, said. "I'll look forward to seeing where Mr. Jones surfaces next."
By Daniel A. Lowenthal | November 14, 2024
At the motion to dismiss stage, courts usually won't consider affirmative defenses. This issue arose recently in a preferential transfer case, where a defendant sought to dismiss a complaint by arguing it was a mere conduit, not an initial transferee.
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