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National Law Journal

The Future of Prudential Barriers in Bankruptcy Appeals Post-'Kaiser Gypsum'

The Supreme Court's holding in Truck Insurance Exchange v. Kaiser Gypsum ensures that insurers who have long been silenced in Chapter 11 proceedings will now be heard.
6 minute read

The American Lawyer

Kirkland Steps Aside While Big Law Bankruptcy Peers Keep Filing in Houston

Kirkland's favorite bankruptcy destination appears off-limits for now, but competing firms haven't shied from the Southern District of Texas following a 2023 scandal.
3 minute read

The Legal Intelligencer

Potential Bankruptcy Relief for Individual Owner of Cannabis Businesses?

The court found that the simple administration of certain ownership interests of retail cannabis dispensaries "is not in and of itself necessarily equivalent to administering marijuana assets." And, as such, a Chapter 7 trustee could administer and monetize these ownership interests without violating the law.
7 minute read

New Jersey Law Journal

McElroy Deutsch Asks Judge to Toss Former CFO's Chapter 11 Petition

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.
4 minute read

Delaware Business Court Insider

After Purdue Pharma, Boy Scout Plan Objectors Ask for Third Circuit Unwinding

Proponents of plans like the BSA's and Purdue Pharma's say they're the most efficient way to resolve tens of thousands of claims that would take significantly more time and resources to litigate separately in the tort system.
5 minute read

Delaware Business Court Insider

New Partner Joins Archer & Greiner's Delaware Office

Archer & Greiner announced that Natasha M. Songonuga has joined the firm's bankruptcy group as a partner in its Delaware office.
2 minute read

Daily Report Online

Longtime Kilpatrick Lawyer Exits to Help Lead Eversheds' Restructuring Team

Todd Meyers said Eversheds offered a growing finance practice and a global platform with nine U.S. offices and 65 global offices.
3 minute read

International Edition

Mishcon's Hong Kong Affiliate Karas So Instructed to Recover $6B in Evergrande Liquidation

Clifford Chance and Hong Kong firms Tanner De Witt and Karas So were initially mandated to provide legal advice on the liquidation when proceedings against China Evergrande accelerated this year following the Hong Kong High Court's decision to wind up the company.
2 minute read

New York Law Journal

Rudy Giuliani's Bankruptcy Dismissal Finalized Following Fee Dispute

The decision means the former U.S. Attorney will soon face collections attempts by various creditors and a resumption of litigation.
3 minute read

New York Law Journal

Fried Frank Lures 3 Willkie Partners, Names New Restructuring Chair

Rachel Strickland was chair of Willkie Farr's business reorganization and restructuring department. She joins Fried Frank with Daniel Forman and Andrew Mordkoff as partners.
3 minute read

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