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Corporate Counsel

After Exiting Bankruptcy, Joann Crafts Expanded Role for GC

Ann Aber, who helped the company manage the high of record sales during the pandemic and the low of a Chapter 11 bankruptcy filing four years later, is taking on human resource and corporate communications responsibilities.
2 minute read

New York Law Journal

US Judge Dismisses Giuliani Bankruptcy Case

U.S. Bankruptcy Judge Sean Lane found Giuliani had not been forthcoming about his financial situation.
2 minute read

The American Lawyer

Et Tu, EDVA? Why Big Law Is Dodging a Once-Favorable Bankruptcy Venue

"That was the last time anyone files in EDVA," one Am Law 100 bankruptcy partner said of the formerly popular jurisdiction.
8 minute read

New Jersey Law Journal

J&J Loses Bid to Subpoena Beasley Allen Over Talc Financing

Retired U.S. Magistrate Judge Joel Schneider, of the District of New Jersey, found on Tuesday that there was not good cause to allow Johnson & Johnson to pursue discovery about Beasley Allen's litigation financing.
5 minute read

New York Law Journal

Fifth Circuit Weighs In, Finds Section 523(a) Applies to Corporate Debtor in Subchapter V

The Fifth Circuit, in 'In re GFS Industries', recently issued a decision siding with the controversial 'Cleary Packaging' decision. All of a sudden, the subchapter V debtor's efforts to use a streamlined procedure could be undermined by Section 523(a) litigation even outside the Fourth Circuit.
7 minute read

The American Lawyer

Cooley Continues Bankruptcy Expansion With Gibson Dunn Partner Hire

Growing the bankruptcy group is key to Cooley's balance of cyclical and countercyclical practices, the firm's litigation chair said in an interview.
3 minute read

National Law Journal

Bankruptcy Filings Surged in First Half of 2024 Amid Uptick in Big Chapter 11 Cases

"Commercial filing trends continue to show strong double digit percentage increases in year-over-year filings, while individual filings increased at a much lower rate compared to commercial filings in the first half of 2024," said Michael Hunter, vice president of the Epiq AACER bankruptcy data platform.
3 minute read

The American Lawyer

Kirkland's $40 Million Haul from Rite Aid Bankruptcy Doubles Initial Compensation for Opioid Victims

Opioid claimants are set to receive $20 million upon the bankruptcy's conclusion, plus $27.5 million in deferred payments.
3 minute read

The Legal Intelligencer

Administrative Claim Is Not a Given or the Sole Remedy for Unpaid Post-Petition Rent Prior to Assumption or Rejection

The court performed an intensive factual review and legal analysis, and concluded that it had the authority to craft an equitable remedy that balanced the protections afforded commercial landlords under the Bankruptcy Code with the bankruptcy policy of promoting equality of distributions to all creditors. In the end, the court did grant an administrative claim but in a reduced amount.
11 minute read

The American Lawyer

What 10 Years of Experience Costs in the Am Law 100 Today

A lawyer admitted in 2014 could cost between $1,695 and $530, depending on which firm you hire.
2 minute read

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