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News and information on bankruptcy and bankruptcy law
By Habiba Cullen-Jafar | December 1, 2022
Some UK partners say there is a 'lost generation' of lawyers in the practice area which is creating a 'headache' for firms preparing for an increase in work.
6 minute read
By Ellen Bardash | November 17, 2022
The declaration by John Ray, the Chicago-based lawyer who has been installed as CEO of FTX, included the first public signs of what might become of the cryptocurrency exchange as it's untangled in the bankruptcy court.
3 minute read
By Alexander Lugo | November 16, 2022
"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
4 minute read
By Alexander Lugo | November 15, 2022
"Whether it be a federal criminal forum, whether it be the bankruptcy forum, whether it be the regulatory forum, there's going to be a lot of lawyers involved in this no question about it," said Robert Shimberg, a shareholder at Hill Ward Henderson.
4 minute read
By Amy Guthrie | November 10, 2022
The Chapter 11 restructuring represents one of the largest bankruptcies filed in recent times, involving more than $16 billion in liabilities and 38 debtors.
3 minute read
By Habiba Cullen-Jafar | November 2, 2022
Made.com is set to go into administration after months of struggling.
2 minute read
By Amy Guthrie | October 17, 2022
Amendments to the South American country's reorganization and bankruptcy law have stoked greater interest in distressed assets.
2 minute read
By Hannah Walker | October 7, 2022
The judgment has brought clarity and relief to company directors across the UK.
3 minute read
By Jessica Seah | October 3, 2022
Allen & Overy's Asia Pacific restructuring practice co-head has joined Linklaters and says he expects to see a barrage of restructuring work now and an increase in complex restructurings in the longer term.
5 minute read
By Paul Hodkinson | September 23, 2022
The London Lawyer: Why does Kirkland keep hiring? Are there certain practice areas in demand? And what's with the busy summer?
4 minute read
By Andrew C. Kassner and Joseph N. Argentina Jr. | June 3, 2024
In 530 Donelson, the U.S. Bankruptcy Court for the Middle District of Tennessee recently considered whether orders entered by a Tennessee state court appointing and empowering a receiver deprived the limited liability company's owners of authority to file a bankruptcy case for the company.
10 minute read
By Patrick Smith | June 3, 2024
The group includes Jennifer Daly, the co-head of King & Spalding's global finance and restructuring practice at the time of her departure.
4 minute read
By Amanda Bronstad | May 31, 2024
On Thursday, Beasley Allen and the plaintiffs' steering committee in the talc multidistrict litigation filed motions to quash subpoenas sought by Johnson & Johnson in the talc litigation.
6 minute read
By Brenda Sapino Jeffreys | May 30, 2024
Jackson Walker alleges in court filings that former U.S. Bankruptcy Judge David Jones directed the firm to use a disclosure statement for representation requests that the firm considered "insufficient, adequate, and misleading" to describe his relationship with a partner at the firm.
4 minute read
By Ross Todd | May 29, 2024
Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read
By Ross Todd | May 24, 2024
Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read
By Charles Toutant | May 23, 2024
Under the federal version of WARN, an employer must give workers a written notice 60 days before a mass layoff or plant closing. New Jersey's version of WARN, which was updated in 2023, now requires 90 days of notice of a plant closing or mass layoff.
4 minute read
By Amanda Bronstad | May 22, 2024
The class action, filed in the U.S. District Court for the District of New Jersey by five plaintiffs in talcum powder lawsuits, names Johnson & Johnson, its subsidiaries and several current and former officers and directors.
7 minute read
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October, and establishes a victims' fund for Genesis' creditors, with the firm neither admitting or denying the allegations.
3 minute read
By Brian Lee | May 20, 2024
The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October and establishes a victims' fund for Genesis' creditors, with the firm neither admitting nor denying the allegations.
3 minute read
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
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