Sign in to follow

Daily Business Review

Financially Grounded: South Florida-Based Silver Airways Files for Bankruptcy

The Florida-based carrier, which previously faced eviction, filed for Chapter 11 protection.
5 minute read

New York Law Journal

If 23andMe Goes Bankrupt, What Happens to All Our Data?

David Siffert, legal director at S.T.O.P., discusses 23andMe’s possible bankruptcy along with the potential legal fallout and the privacy threat it poses to our genetic data. 
11 minute read

Texas Lawyer

Legal Malpractice: Texas Supreme Court OKs 'Pernicious Distortion of Positions'

The Texas Supreme Court approved a plaintiff's use of a strategy opposite the one used in a real estate fraud trial to pursue a claim against its former attorney.
4 minute read

International Edition

Big Law Heavyweights Wrestle in High-Stakes Sale of Venezuela’s Citgo

A former Skadden, Arps, Slate, Meagher & Flom partner is managing the sale of Venezuela’s prized international asset, whose sale is being sought to settle debts owed to claimants represented by firms including Gibson Dunn & Crutcher. Concerns are mounting about the case's mounting legal costs.
4 minute read

The American Lawyer

Topping Kirkland, Weil Won the Most Valuable Major Bankruptcy Retentions of 2024

One massive Chapter 11 generated nearly $70 million in revenue for Weil in 2024.
3 minute read

The Legal Intelligencer

'In Re King': One Is Definitely the Loneliest Number When Filing an Involuntary Petition

Addressing a matter of first impression, the bankruptcy appellate panel for the U.S. Court of Appeals for the Ninth Circuit (BAP) recently held that fully secured, nonrecourse creditors qualify as “countable” creditors for purposes of determining the viability of an involuntary bankruptcy petition under Section 303(b) of the U.S. Bankruptcy Code.
7 minute read

New York Law Journal

Mall of America Dealt Another Blow in Quest to End $10-Per-Year Lease With Sears

The U.S. Court of Appeals for the Second Circuit said Bankruptcy Code Section 365(d)(4) doesn’t require the return of Sears’ lease, as various aspects of the deal indicated that Sears was acting as the owner of the property.
3 minute read

Daily Business Review

Bankruptcy Sales: Finding a Diamond in the Rough

There is no efficient market for the sale of bankruptcy assets, and inefficient markets yield a transactional drag that can potentially dampen the ability of debtors and trustees to maximize value for creditors. For instance, I often identify bankruptcy asset sales for my investor clients who may not be aware of such opportunities.
6 minute read

Texas Lawyer

Freeport LNG Explosion: Zachary Industrial Evades $400M Damages Claim in Bankruptcy Court

A Houston bankruptcy judge dismissed a consequential damages claim against Zachary Industrial Inc., finding there was no gross negligence involved in the Freeport LNG Terminal explosion.
2 minute read

Law.com

Beyond Bordeaux’s Bankruptcy: A Lesson In Adapting to the Evolving Sports Media Landscape

Word that the historic French franchise Girondins de Bordeaux filed for bankruptcy recently rocked European football. But one force in particular poses an even broader threat to the sustainability of the elite level of French soccer than relegation: media rights.
6 minute read

TRENDING STORIES

Law Pro Logo

Featured Firms

Law Offices of Gary Martin Hays & Associates, P.C.

(470) 294-1674

Law Offices of Mark E. Salomone

(857) 444-6468

Smith & Hassler

(713) 739-1250

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • Aligning Client Needs with Lawyer Growth and Profitability

    Brought to you by BigHand

    Download Now

  • Technology to Make E-Discovery Smarter, Not Harder

    Brought to you by Nuix

    Download Now

  • Does Generative AI Have the Power to Transform Legal Services?

    Brought to you by HaystackID

    Download Now

  • International Export and Trade Assistance State Law Survey

    Brought to you by LexisNexis®

    Download Now