By Amanda Bronstad | September 24, 2024
At a Monday hearing, U.S. Bankruptcy Judge Christopher Lopez in Texas ordered an automatic stay on J&J talc litigation after dual motions were filed to move the Chapter 11 case to New Jersey.
By Charles Toutant | September 23, 2024
The attorney allegedly suggested that the $400,000 her firm had previously paid to its counsel be applied again, an idea the lawsuit termed "incredulous." In other words, counsel would continue to represent the attorneys in three cases, but would receive nothing on current bills of more than $400,000, the suit claims.
By Amanda Bronstad | September 20, 2024
Beasley Allen opposed the Chapter 11 case, which includes up to $10 billion in nominal compensation to talc claimants. 'This proposed compensation is a gross undervaluation,' principal Andy Birchfield said in a statement to Law.com.
By Charles Toutant | September 11, 2024
The judge dismissed the bankruptcy after McElroy Deutsch asserted that John Dunlea's "Chapter 11 petition is intended to frustrate the legitimate efforts of a creditor to enforce its rights against the debtor."
By Amanda Bronstad | September 5, 2024
More than a decade after taking on Johnson & Johnson with the first trial linking baby powder to ovarian cancer, attorney Allen Smith on Wednesday signed off on a proposed bankruptcy plan after negotiating for an additional $1 billion.
By Max Mitchell | August 21, 2024
"It has always been a concern for me and my judicial colleagues (as well as the bar) that there have been Chapter 11 cases in which a company's headquarters or significant facilities and operations were in New Jersey, but the filings were elsewhere."
By Max Mitchell | August 21, 2024
Exactly why the Garden State's bankruptcy court is increasingly being looked to for large bankruptcies is a multifactored question, but many point to the work of Chief Judge Michael Kaplan in helping the bench gain and spread a reputation for one that moves efficiently and effectively.
The American Lawyer | Analysis
By Dan Roe | August 19, 2024
As private credit gobbles up market share from broadly syndicated loans, law firms not already steeped in direct lending are building multifaceted practices to avoid losing restructuring work to better-positioned peers.
By Charles Toutant | August 9, 2024
Given that John Dunlea has been sentenced to five years in prison for his crimes, "he has no reasonable expectation of timely or adequately funding any plan of reorganization," McElroy Deutsch said in its motion to dismiss the bankruptcy petition.
By Amanda Bronstad | July 19, 2024
Atlantic County Superior Court Judge John Porto concluded on Friday that J&J hadn't provided evidence that its former attorney had shared confidential information with Beasley Allen.
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