0 results for ''Porzio Bromberg Newman''
Lenders Beware: Preservation of Credit Bid Rights Not Required Under Chapter 11 Plans
With its Philadelphia Newspapers decision, the Third Circuit has announced that when a Chapter 11 debtor proposes a plan to sell a lender's collateral and seek confirmation under the Indubitable Equivalent Prong, the lender cannot have the plan deemed unconfirmable on the basis that a lender has an absolute right to credit bid when its collateral is being sold.Gonzalez, P.J., DeGrasse, Manzanet-Daniels, Rom�n, JJ. 2336N Index 105272/05 Nancy Keith, etc., Plaintiff-Respondent, v Forest Laboratories, Inc., et al., De
Breach of Restrictive Covenants: What Are the Damages?
There generally are three types of damages available to plaintiffs in New Jersey for breach of a restrictive covenant.Six months ago a judge in New York dismissed claims that a company that partnered with Pfizer's Wyeth unit duped investors about a potential blockbuster Alzheimer's drug. Now, with help from New Jersey's Porzio, Bromberg, & Newman and a revolving cast of out-of-town counsel, Pfizer has cleared the decks of the last securities class action remaining over the drug.
Should Corporate Officers Face Jail Time for Product Defects?
Criminalizing product liability law is an odd concept because manufacturers have historically defended product liability cases in the nation's civil courts. A large body of product liability law across the country provides plaintiffs with ample civil remedies. Yet, in the wake of the Firestone tire recall, Congress has been considering whether to impose criminal sanctions on manufacturers for product defects.Federal-Court Door Is Now Open
Ultimately, the one thing that is certain is that the "federal-court door" is now open to certain class action lawsuits that would otherwise be dismissed from state court. What this likely means in the short term is an increase in the filing of such lawsuits - and the accompanying costs and expenses associated with defending against them - as plaintiffs test the boundaries of Justice Stevens's test.Trending Stories
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