By Adolfo Pesquera | June 9, 2023
"The vast majority of claimants in the Demchak and Brown-Suessenbach suits ... have no recourse in bankruptcy court for their pre-petition monetary claims," the Fifth Circuit concluded.
By Amanda Bronstad | June 9, 2023
In a swift blow to 3M, U.S. Chief Bankruptcy Judge Jeffrey Graham, in Indianapolis, dismissed the Chapter 11 case of its subsidiary Aearo Technologies on Friday. "These cases were and are a litigation management tactic and not a rehabilitative effort," Graham wrote.
Delaware Business Court Insider | News
By Ellen Bardash | June 9, 2023
U.S. Bankruptcy Judge John T. Dorsey of the District of Delaware said at the end of a hearing Friday that the decision is consistent with his goal of prioritizing creditors as the Chapter 11 process continues.
By Adolfo Pesquera | June 8, 2023
"Victory in the adversary proceeding and a judgment declaring the 2020 transaction valid were essential to confirmation of SSB's chapter 11 Plan of Reorganization," Weil said.
Delaware Business Court Insider | News
By Ellen Bardash | June 8, 2023
Liquidators said ssues with identifying FTX assets are governed by the laws of the Bahamas, England, and Antigua and Barbuda, and need to be addressed before the company is wound down.
By Adolfo Pesquera | June 8, 2023
"Victory in the adversary proceeding and a judgment declaring the 2020 transaction valid were essential to confirmation of SSB's chapter 11 Plan of Reorganization," Weil said.
The Legal Intelligencer | News
By Amanda O'Brien | June 8, 2023
Trusts and estates partner Kristen Behrens will join litigation partner Patrick Northen, who has been in the role for the past five years.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Brenden Dahrouge | June 8, 2023
With this ruling, six bankruptcy court decisions from the District of Oregon, the Eastern District of Kentucky, the District of Delaware, the Northern District of Texas, and the Southern District of New York have held that electricity is not a "good" and does not qualify under Section 503(b)(9). The ruling can make the differences between being paid in full as opposed to pennies (if any) on the dollar.
By Ross Todd | June 7, 2023
Davis Polk's Marshall Huebner and Benjamin Kaminetzky helped convince the Second Circuit to overturn a district court ruling finding the bankruptcy code didn't authorize liability releases for the Sackler family, the founders of the OxyContin maker.
By Amanda Bronstad | June 7, 2023
The trustee of the Girardi Keese bankruptcy estate continues to pursue an investigation of California Attorney Lending II's owner, while Edelson alerted a federal judge to a former Girardi consultant's "suspicious and potentially improper" text message.
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