Delaware Business Court Insider
By Tom McParland | June 19, 2017
In a decision that avoided a "murky" issue of bankruptcy law, the U.S. District Court for the District of Delaware ruled that a former intern at a Philadelphia news station cannot pursue a $75,000 claim for wrongful termination in Tribune Media Co.'s Chapter 11 bankruptcy proceedings.
By Brian Baxter | June 16, 2017
Soupman Inc., a company that licenses the name made famous by the sitcom "Seinfeld," filed for bankruptcy on June 13 in Delaware, just weeks after its CFO was arrested for tax evasion. Polsinelli is seeking to save the debtor as it pursues a sale in Chapter 11. But some other large law firms face big writeoffs on their legal bills.
By James Booth | June 15, 2017
“It's tangible, it's real, it's sensitive, it's serious and it doesn't look like it's going to go away any time soon,” says one law firm partner of the diplomatic crisis currently roiling the Middle East.
By therecorder | The Recorder | June 15, 2017
9th Cir.; 15-60046 The court of appeals affirmed a Bankruptcy Appellate Panel judgment. The court held that the debtors’ challenge to foreclosure…
By Francis J. Lawall and Michael J. Custer | June 15, 2017
When an oil and gas driller enters bankruptcy, a host of unique issues often arise, inclu ding how to close abandoned wells in a responsible manner. The United States Bankruptcy Court for the District of Delaware recently confronted this problem in the case of an energy exploration and production company liquidating through Chapter 11, as in City of Beverly Hills v. Venoco (In re Venoco) 2017 Bankr. LEXIS 1457 (Bankr. D. Del. May 31, 2017).
By newyorklawjournal | New York Law Journal | June 15, 2017
Bankruptcy Trustee May Commence Medical Malpractice Suit in Representative Capacity
By therecorder | The Recorder | June 14, 2017
9th Cir.; 16-55359 The court of appeals reversed a bankruptcy court judgment and remanded. The court held that the 12-month statute of limitations on…
By Brian Baxter | June 14, 2017
A pair of recent lateral hires by Freshfields Bruckhaus Deringer from Arnold & Porter Kaye Scholer have helped the Magic Circle firm swoop in for a lead role on the bankruptcy of Alitalia SpA. The ailing Italian airline sought Chapter 15 protection Monday in the Southern District of New York.
By David Bass and Mark Tsukerman | June 14, 2017
David Bass and Mark Tsukerman write: Two long-standing controversial areas of bankruptcy law have recently intersected in a bankruptcy case out of the District of Delaware: a bankruptcy court's adjudicative authority consistent with Article III of the Constitution, and the propriety of what are referred to in bankruptcy parlance as "third-party releases."
By Brian Baxter | June 12, 2017
Kirkland & Ellis added another key bankruptcy case to its restructuring portfolio this week as San Francisco-based children's clothing retailer The Gymboree Corp. filed for Chapter 11 protection Sunday in Richmond, Virginia. Gymboree, the latest retailer to go bust this year, has also retained Munger, Tolles & Olson and Kutak Rock.
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