By Dan Roe | October 5, 2023
Not since the global financial crisis have large corporate bankruptcies been as common as they are this year, according to a new report by New Generation Research.
By Ellen Bardash | September 19, 2023
The U.S. Senate Judiciary Committee is examining the use of bankruptcy to sort out mass tort liability.
By Amanda Bronstad | August 18, 2023
Lead attorneys in the talc multidistrict litigation, vowing to "proceed with alacrity," already have proposed a bellwether trial plan, which Johnson & Johnson opposed this week.
By Aleeza Furman | Charles Toutant | July 28, 2023
U.S. Bankruptcy Chief Judge Michael Kaplan of the District of New Jersey dismissed the Johnson & Johnson subsidiary LTL Management's second Chapter 11 case due to "LTL's lack of imminent and immediate financial distress."
By Colleen Murphy | July 27, 2023
"No question, Mr. King filed his case in bad faith," the bankruptcy judge said. "It was for an invalid purpose and continued the scheme to harass, delay, and needlessly increase the cost of litigation to Ms. Henriquez, as well as delayed the state court remedies of Ms. Henriquez."
By Amanda Bronstad | July 19, 2023
Some legal experts say Tuesday's verdict could make it harder for Johnson & Johnson to finalize its proposed $8.9 billion settlement in the Chapter 11 talc case.
New Jersey Law Journal | Commentary
By Anne S. Babineau and David H. Stein | July 11, 2023
One of the most significant considerations for a redevelopment project facing financial distress will be the impact of the prohibition against transfers found in the Local Redevelopment and Housing Law, which requires all redevelopment agreements to include a "provision that the redeveloper shall be without power to sell, lease or otherwise transfer the redevelopment area or project, or any part thereof, without the written consent of the municipality or redevelopment entity."
The American Lawyer | Analysis
By Dan Roe | June 16, 2023
In the Instant Brands bankruptcy and others, private equity firms are using high interest rates and supply-chain disruptions as cover to clean up their balance sheets, bankruptcy lawyers said.
The American Lawyer | Analysis
By Justin Henry | June 5, 2023
A string of individual departures along with an increase in group moves at both Shearman & Sterling and Stroock & Stroock & Lavin bring attention to the calculations partners need to make when they gain a sense their firm may be in distress.
By Amanda Bronstad | May 31, 2023
Allison Brown, a lawyer for Johnson & Johnson, questioned the facts of the case, which is in California's Alameda County Superior Court: She noted that many of the stores where the plaintiff's mother testified she bought its baby powder were more than 100 miles from her house.
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