The High-Stakes of Bankruptcy Appeals Litigation
In the high-stakes world of bankruptcy appeals, it’s imperative that attorneys understand the lay of the land before entering a courtroom. Unlike…
October 24, 2017 at 11:40 AM
3 minute read
The original version of this story was published on Law.com
In the high-stakes world of bankruptcy appeals, it's imperative that attorneys understand the lay of the land before entering a courtroom. Unlike Bankruptcy Court, most District Court judges don't specialize in or have a lot of expertise with bankruptcy appeals, and knowing whether a presiding judge has a tendency to affirm, reverse, remand or vacate a lower court's ruling can significantly impact appeal strategy. Similarly, knowing the expertise of opposing claimants' lawyers and firms can confer a major advantage in court.
With the September 26th release of Lex Machina's Legal Analytics for District Court Bankruptcy Appeals law, lawyers will be able to use data-driven predictions to drive their most important decisions about case strategy— and to gain a winning edge in bankruptcy appeals. Inside Counsel recently sat down with Owen Byrd, Chief Evangelist & General Counsel at Lex Machina, to the discuss the new Legal Analytics for Bankruptcy Appeals platform, how it will impact bankruptcy appeals litigation, and the trends and insights that can be gleaned from the data, including top appellants, top appellees, and more.
The new District Court Bankruptcy Appeals module helps attorneys find data-driven answers to questions such as: How many times have judges in the Central District of California reversed a bankruptcy court outcome? What is the median time to termination for bankruptcy appeal cases in front of Judge Sue Robinson? Which law firms have the most experience representing Bank of America in federal district court bankruptcy appeal cases? In which district court bankruptcy appeal cases have claims & liens outcomes been affirmed, vacated, reversed or remanded?
The new employment litigation module analyzes over 6,500 bankruptcy cases pending since January 1, 2009 and utilizes practice-specific tags critical to competitive advantage, including Bankruptcy Appeal, Individual Debtor, Business Debtor, Adversary Proceeding, Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15.
“The real-world financial and legal impacts of losing a bankruptcy appeal can be enormous,” said Byrd. “Insights into the behavior of judges, parties, and opposing counsel can provide the margin of victory in these high-stakes cases. Most district court judges rarely encounter bankruptcy appeals, making the process more challenging for attorneys and outcomes less predictable. That's why uncovering a judge's tendencies, even based on a modest number of cases, can provide a significant competitive advantage to attorneys.”
So, why can knowing the expertise of opposing claimants' lawyers and firms confer a major advantage in court?
The more you know about your opponent, the better positioned you are to compete. We all have latent tendencies and biases, according to Byrd. And, Legal Analytics can enable you to know more about your opponent than he may know about himself.
He said, “We expect Legal Analytics to transform bankruptcy appeals practice in the same way it has transformed intellectual property, securities, antitrust, commercial and employment litigation – by bringing more openness, transparency and competition to these cases.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllThe Reason a GC Abruptly Departs May Not Be What You Think
'The Unheard of Superpower': How Women's Soft Skills Can Drive Success in Negotiations
Want to Get Ahead in Your Career? Find a Truth Teller
Trending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Election 2024: Nationwide Judicial Races and Ballot Measures to Watch
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4How I Made Practice Group Chair: 'If You Love What You Do and Put the Time and Effort Into It, You Will Excel,' Says Lisa Saul of Forde & O'Meara
- 5Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 6How Much Does the Frequency of Retirement Withdrawals Matter?
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250