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Daily Report Online

Georgia Election Workers Who Won $148M Judgment Against Giuliani Want His Bankruptcy Case Thrown Out

Creditors, including two former Georgia election workers who won a $148 million defamation judgment against the disbarred former New York mayor and adviser to former Presidential Donald Trump, are opposing his attempt to convert his bankruptcy into a liquidation.
4 minute read

Delaware Business Court Insider

Pashman Stein Del. Partner to Be Featured Guest Speaker at ABI 2024 Mid-Atlantic Bankruptcy Workshop

Joseph C. Barsalona II, partner in the bankruptcy, restructuring and creditors' rights practice at Pashman Stein Walder Hayden, is scheduled to be a featured guest speaker at the American Bankruptcy Institute's 2024 Mid-Atlantic Bankruptcy Workshop in Annapolis, Maryland.
2 minute read

Daily Business Review

Supreme Court's Rejection of Purdue Pharma Settlement Redefines Releases in Chapter 11

The U.S. Supreme Court has issued its most anticipated bankruptcy decision in recent memory. As the case's name—Hamilton v. Purdue Pharma—suggests, it stems from the company (Purdue Pharma) and the family (the Sacklers) at the center of the opioid pandemic that has claimed the lives of approximately 247,000 Americans from 1999 to 2019 alone.
4 minute read

Texas Lawyer

Former Houston Bankruptcy Judge Declines Jackson Walker Deposition

Former U.S. Bankruptcy Judge David Jones has asked the chief bankruptcy judge in the Southern District of Texas to determine if he must testify at a deposition related to his romantic relationship with a former Jackson Walker partner.
3 minute read

Connecticut Law Tribune

'Sackler Family's Greed': AG Tong Applauds SCOTUS Rejection of Purdue Bankruptcy Deal

"This decision is a definitive rebuke of the Sackler family's abuse of the bankruptcy code," Connecticut Attorney General William Tong said.
3 minute read

Texas Lawyer

Robertshaw Bankruptcy Order Could Affect Similar Transactions

Invesco sued the lender plaintiffs and One Rock in New York State Court in December. Robertshaw's Feb. 15 bankruptcy filing in Texas stayed the New York litigation.
4 minute read

National Law Journal

Supreme Court Blocks Purdue Pharma's $6B Bankruptcy Plan Over Sackler Protections

While recognizing the broad power of bankruptcy judges to discharge a debtor's debts, the court said "nothing permits a court to wipe a slate clean" for nondebtors such as the Sacklers when it comes to the future claims of third parties.
4 minute read

New York Law Journal

Caution: Disputes Among Buyers at a Bankruptcy Sale Survive, 'Go Global Retail v. Dream on Me'

As recently discovered by a bidder following a bankruptcy sale, the 'Go Global Retail v. Dream on Me' decision once again confirms that there are limits to the protection provided by statutory mootness and bankruptcy court sale orders.
8 minute read

International Edition

A&O Shearman Advises on First Major Restructuring Under UAE Bankruptcy Law

A&O Shearman advised UAE-based Drake & Scull International on a pioneering $1.1 billion debt restructuring, marking the first major case under the UAE Bankruptcy Law.
2 minute read

New Jersey Law Journal

Lowenstein Adds Bankruptcy Vice Chair, Partner From Kilpatrick Townsend

With the hires of David Posner and Gianfranco Finizio, Lowenstein has made three additions to its bankruptcy practice in as many months.
4 minute read

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