By Dan Roe | June 16, 2022
The 90-year-old cosmetic company filed for bankruptcy in New York this week and turned to Paul Weiss' Paul Basta as lead counsel.
By Claire Boston | June 16, 2022
Revlon said that it has lined up $575 million of so-called debtor-in-possession financing from existing lenders to fund itself during bankruptcy.
By Dan Roe | June 16, 2022
McDermott bankruptcy partner Craig Rasile and Jones Day M&A partner Nicholas Rodriguez continue Winston & Strawn's Miami expansion, which started in May when the firm launched an office with six local partner hires.
Delaware Business Court Insider | Commentary
By Jarret P. Hitchings | June 15, 2022
Strangers to the insolvency profession might be surprised to learn that it is often expensive to go bankrupt. Indeed, the high cost associated with obtaining relief under Chapter 11 of the federal Bankruptcy Code is a routine criticism of the federal bankruptcy scheme and an issue many commentators argue is ripe for reform.
By Amanda Bronstad | June 13, 2022
The Official Committee of Talc Claimants, or TCC, sought to lift U.S. Bankruptcy Chief Judge Michael Kaplan's order granting a preliminary injunction on all 38,000 talcum powder cases. A hearing is Tuesday.
New York Law Journal | Analysis
By Harvey M. Stone and Richard H. Dolan | June 9, 2022
In this edition of their Eastern District Roundup, Harvey M. Stone and Richard H. Dolan report on several recent and significant representative decisions, including denial of a prisoner's application for compassionate release based on COVID concerns; denial of plaintiffs' motion to vacate a judgment against them, dismissing their claims under the Anti-Terrorism Act; and reversal of a decision permitting a debtor to amend her complaint.
The Legal Intelligencer | Commentary
By Francis J. Lawall and Marcy J. McLaughlin Smith | June 9, 2022
A recent letter ruling by the Delaware Bankruptcy Court in Mesabi Metallics v. Cleveland-Cliffs, may provide some relief to a nonparty, and change a party's cost-benefit analysis when deciding whether to issue a third party subpoena.
By Marcia Coyle | June 7, 2022
Supreme Court decisions don't always answer every question raised by those who sought the justices' review. That was the result in a bankruptcy case decided on Monday. The justices left unanswered one potentially very expensive question and another fundamental one.
By Angela Turturro | June 6, 2022
In this Special Report: "Texas Two-Stepping Mass Tort Claimants," "Opportunities for Lenders in Financing Bankruptcy Acquisitions," "Legislation Expanding Subchapter V Bankruptcy Eligibility Awaits Congressional Vote" and "Another Look at Make-Whole Provisions in Bankruptcy: Drafting Matters."
By Robert Dremluk | June 3, 2022
This strategy is intended to preserve and protect the legacy entity's assets and going concern value against overwhelming mass tort claims while creating a single forum to resolve mass tort claims fairly and equitably.
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