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Publication Date: 2023-10-02
Practice Area: Bankruptcy
Industry: Manufacturing
Court: U.S. District Court of Delaware
Judge: District Judge Williams
Attorneys: For plaintiff: Susan E. Kaufman, Law Office of Susan E. Kaufman, LLC, Wilmington, DE; Nathan Kilbert, Assistant General Counsel, United Steel Workers, Pittsburgh, PA; Richard M. Seltzer, Melissa S. Woods, Sommer Omar, Cohen, Weiss and Simon LLP, New York, NY for appellant.
for defendant: B. Nelson Sproat, Blank Rome LLP, Wilmington, DE; Andrew Herman, John Lucian, Blank Rome LLP, Philadelphia, PA for appellee.
Case Number: 22-10252 (JTD)
Relying on the general principle that, notwithstanding a bankruptcy court's authority to extinguish liabilities incurred prior to the sale of the debtor's assets, the court cannot insulate a purchaser from liability for claims arising after the sale due to the purchaser's conduct, the court concluded that appellee's status as a successor to debtor's business was determined by its post-sale conduct in hiring a majority of its workforce from the predecessor and maintaining substantial continuity in business operations.
Publication Date: 2023-09-11
Practice Area: Bankruptcy
Industry: Consulting | Investments and Investment Advisory | Retail
Court: U.S. Bankruptcy Court
Judge: Judge Stickles
Attorneys: For plaintiff:
for defendant:
Case Number: 20-12816(JKS)
The court denied motions to dismiss counts alleging breach of fiduciary duties, aiding and abetting breach of fiduciary duties, recharacterization of debt to equity, and equitable subordination arising from defendants' control of debtor that led to its bankruptcy.
Publication Date: 2023-09-11
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Construction | Energy
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys: For plaintiff: Robert J. Denhey, Andrew R. Remming, Matthew 0. Talmo, Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; David Dunn, Allison Wuertz, Hogan Lovells US LLP, New York, NY for appellant.
for defendant: Brian A. Sullivan, Werb & Sullivan, Wilmington, DE; Don Fogel, Fogel & McEvily, LLC, Houston, TX for appellee.
Case Number: 22-1371-CFC
Bankruptcy court correctly dismissed statutory disgorgement and turnover claims against assignee of unlicensed contractor who held invoices owed by debtor, where California's statutory provision authorizing recovery of sums paid to unlicensed contractor did not extent to other parties.
Publication Date: 2023-09-11
Practice Area: Bankruptcy
Industry: Chemicals and Materials | Energy
Court: U.S. Bankruptcy Court
Judge: Judge Goldblatt
Attorneys: For plaintiff:
for defendant:
Case Number: 16-11501 (CTG)
Creditor's cross-motion for leave to file an amended proof of claim denied where, once the bar date for filing proof of claims has passed, a proof of claim typically cannot be amended to add claims that were not included within the scope of the original proof of claim that did not put the debtor and other interested parties on notice of the extent of the amended claim.
Publication Date: 2023-08-28
Practice Area: Bankruptcy
Industry: Pharmaceuticals
Court: U.S. Bankruptcy Court
Judge: Judge Dorsey
Attorneys: For plaintiff:
for defendant:
Case Number: 19-11292 (JTD)
Court granted bankruptcy trustee's motion for summary judgment to recover legal costs advanced to company CEO where the executive was convicted of racketeering conspiracy arising from the course of his duties, rendering him ineligible for indemnification under his agreement with the company.
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Authors: Gary L. Brown
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Publication Date: 2023-08-21
Practice Area: Bankruptcy
Industry: Real Estate
Court: Delaware Supreme Court
Judge: Justice Goldblatt
Attorneys: For plaintiff:
for defendant:
Case Number: 23-10687 (CTG)
The bankruptcy court found sufficient cause to lift the stay to allow an unlawful detainer action against debtor pending in California to go forward, concluding that resolution of the dispute was best left to the California courts.
Publication Date: 2023-07-24
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Construction | Manufacturing
Court: U.S. Court of Appeals for the Third Circuit
Judge: Judge Rendell
Attorneys: For plaintiff: Matthew Beebe, Meluney Alleman & Spence, Lewes, DE; James M. Sullivan, Windels Marx Lane & Mittendorf, New York, NY for appellant.
for defendant: Kasey H. DeSantis, Neal J. Levitsky, Fox Rothschild, Wilmington, DE for appellee.
Case Number: 22-2532
Bankruptcy court correctly denied untimely motion to reopen bankruptcy case to file complaint challenging the dischargeability of debt on grounds of fraudulent transfer where the rules provided inflexible deadlines for the motion due to the limited exceptions under which bankruptcy courts could enlarge the time to file.
Publication Date: 2023-07-17
Practice Area: Bankruptcy
Industry: Automotive | Insurance | Manufacturing
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Stanley B. Tarr, Blank Rome LLP, Wilmington, DE; David J. Molton, Gerard T. Cicero, Brown Rudnick LLP, New York, NY; Kami E. Quinn, Emily P. Grim, Sarah A. Sraders, Gilbert LLP, Washington, DC for appellant.
for defendant: Evan T. Miller, Daniel N. Brogan, Steven D. Adler for appellee.
Case Number: 17-11375 (BLS)
Bankruptcy court correctly dismissed adversary proceeding that was essentially an insurance coverage dispute, rendering the matter a non-core proceeding that was also subject to a forum selection clause in the underlying insurance policy.
Publication Date: 2023-07-10
Practice Area: Bankruptcy
Industry: Financial Services and Banking | Mining and Resources
Court: U.S. Bankruptcy Court
Judge: Judge Goldblatt
Attorneys: For plaintiff:
for defendant:
Case Number: 16-11626 (CTG)
Confirmed reorganization plan potentially barred claims by financial advisor against reorganized debtor when those claims arose between the petition date and effective date and acquirer of reorganized debtor could not bind it to discharged claims.
Publication Date: 2023-07-03
Practice Area: Bankruptcy
Industry: Insurance | Non-Profit
Court: U.S. District Court of Delaware
Judge: District Judge Andrews
Attorneys: For plaintiff: Theodore J. Boutrous, Jr., Richard J. Doren, Blaine H. Evanson, Gibson, Dunn & Crutcher, LLP, Los Angeles, CA; Dierdre M. Richards, Fineman Krekstein & Harris P.C., Wilmington, DE; Susan Gummow, Foran Glennon Palandech Ponzi & Rudloff P.C.; Michael A. Rosenthal, Mitchell A. Karlan, James Hallowell, Keith R. Martorana, Seth M. Rokofsky, Gibson Dunn & Crutcher LLP, New York, NY; Kathleen M. Miller, Smith Katzenstein & Jenkins LLP, Wilmington, DE; Ronald P. Schiller, Matthew A. Hamermesh, Handley Aronchick Segal Pudlin & Schiller, Philadelphia, PA; Paul Logan, Post & Schell, P.C., Wilmington, DE; John C. Sullivan, Kathleen K. Kerns, Post & Schell, P.C., Philadelphia, PA; George R. Calhoun, Ifrah PLLC, Washington, DC; Michael J. Joyce, Joyce LLC, Wilmington, DE; Kevin Coughlin, Lorraine Armenti, Michael Hrinewski, Coughlin Midlige & Garland, LLP, Morristown, NJ; Britton C. Lewis, John M. Flynn, Carruthers & Roth, P.A., Greensboro, NC; Maria Aprile Sawczuk, Goldstein & McClintock LLP, Wilmington, DE; Laura McNally, Emily Stone, Loeb & Loeb LLP, Chicago, IL; David Christian, David Christian Attorneys LLC, Chicago, IL; Brian A. Sullivan, Werb & Sullivan, Wilmington, DE: John E.W. Baay II, Gieger Loborde & Laperouose, LLC, New Orleans, LA; William H. White, Jr. Kiernan Trebach LLP, Washington, DC; Mary E. Borja, Gary P. Seligman, Ashley L. Criss, Wiley Rein LLP, Washington, DC; Bruce W. McCullough, Bodell Bove, LLC, Wilmington, DE; Bruce D. Celebrezze, Clyde & Co US LLP, San Francisco, CA; Konrad R. Krebs, Clyde & Co US LLP, Morristown, NJ; Lloyd A. Gura, Pamela J. Minetto, Mound Cotton Wollan & Greengrass LLP, New York, NY; R. Karl Hill, Seitz, Van Ogtrop & Green, P.A., Wilmington, DE; Douglas R. Gooding, Jonathan D. Marshall, Choate, Hall & Stewart LLP, Boston, MA; Kim V. Marrkand, Laura Bange Stephens, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC, Boston, MA; Thaddeus J. Weaver, Dilworth Paxson LLP, Wilmington, DE; William E. McGrath, Jr., Dilworth Paxon LLP, Princeton, NJ; Stephen M. Miller, Carl N. Kunz, III, Sarah M. Ennis, Morris James LLP, Wilmington, DE; Margaret M. Anderson, Ryan T. Schultz, Adam A. Hachikian, Kenneth M. Thomas, Fox Swibel Levin & Carroll LLP, Chicago, IL; Marla S. Benedick, Cozen O’Connor, Wilmington, DE; Louis J. Rizzo, Reger Rizzo & Darnall LLP, Wilmington, DE; David M. Fournier, Marcy J. McLaughlin Smith, Troutman Sanders Hamilton Sanders LLP, Wilmington, DE; Harris B. Winsberg, Matthew G. Roberts, Parker Hudson, Rainer & Dobbs LLP, Atlanta, GA; Margaret H. Warner, Ryan S. Smethurst, Alex M. Spisak, McDermott Will & Emery, Washington, DC; Gilion Dumas, Dumas & Vaughn, Portland, OR; Charles J. Brown, III, Gellert Scali Busenkell & Brown LLC, Wilmington, DE; Delia Lujan Wolff, Lujan & Wolff LLP, Hagatna, GU; Christopher D. Loizides, Loizides, P.A., Wilmington, DE for appellants.
for defendant: Jessica Lauria, Glenn M. Kurtz, White & Case LLP, New York, NY; Michael C. Andolina, Matthew E. Linder, Laura E. Baccash, Blair M. Warner, White & Case LLP, Chicago, IL; Ronald K. Gorsich, White & Case LLP, Los Angeles, CA; Michael Stoner, Hayes & Boone, Dallas, TX; Derek C. Abbott, Andrew R. Remming, Paige N. Topper, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; R. Craig Martin, DLA Piper, LLP (US), Wilmington, DE; Richard G. Mason, Douglas K. Mayer, Joseph C. Celentina, Mitchell S. Levy, Watchell, Lipton, Rosen & Katz, New York, NY; Kami E. Quinn, Rachel H. Jennings, Kyle Y. Dechant, December L. Huddleston, Gilbert LLP, Washington, DC; Robert S. Brady, Edwin J. Harron, Kenneth J. Enos, Ashley E. Jacobs, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE; Philip D. Anker, Wilmer Cutler Pickering Hale and Door LLP, New York, NY; James P. Ruggeri, Joshua D. Weinberg, Ruggeri Parks Weinberg LLP, Washington, DC; Joel Millar, Wilmer Cutler Pickering Hale and Door LLP, Washington, DC; Erin R. Fay, Gregory J. Flasser, Bayard, P.A., Wilmington, DE: Robert D. Cecil, Tybout, Redfearn & Pell, Wilmington, DE; Mark D. Plevin, Kevin D. Cacabelos, Crowell & Morning LLP, San Francisco, CA; Tacie H. Yoon, Rachel A. Jankowksi, Crowell & Morning LLP, Washington, DC; Matthew G. Summers, Chantelle D. McClamb, Ballard Spahr LLP, Wilmington, DE: Harry Lee, John O’Connor, Steptoe & Johnson, LLP, Washington, DC; Stephen Warren; Stamatios Stamoulis, Stamoulis & Weinblatt LLC, Wilmington, DE; Tancred Schiavoni, O’Melveny & Meyers LLP, New York, NY; Stephen Warren, O’Melveny & Meyers LLP, Los Angeles, CA; Jonathan D. Hacker, O’Melveny & Meyers LLP, Washington, DC for appellees.
Case Number: 20-10343-LSS
Plan of reorganization establishing sexual abuse settlement trust affirmed where non-consensual releases of claims against non-debtors, who were affiliates of debtors, fell within "related to" jurisdiction since the non-debtors' viability as going concerns was necessary to the success of debtors' reorganization.
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