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The Legal Intelligencer

Skeptical of Sacks Weston's Survival, Judge Dismisses Firm's Chapter 11 Petition

"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read

The Legal Intelligencer

Under Pressure From Lit Funding Creditor, Sacks Weston Agrees to Drop Chapter 11 Bid

The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read

New York Law Journal

Has the Seventh Circuit Opened the Door for Distressed Investors Through Limiting the Risk of Failed LBOs or Other Stock Sales?

In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read

Delaware Business Court Insider

Bankruptcy Court Rejects Equity Holder's Challenge to Revoke Confirmation Order in 'Virgin Orbit'

The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 minute read

International Edition

Troubled Economic Fortunes Spell Opportunity for Specialist Lawyers in Hong Kong

The downturn in the Chinese property sector is creating new prospects in Hong Kong, both for firms looking to cash in on the need for professionals with expertise in restructuring and insolvency and for a city looking to cement its status as a legal hub.
5 minute read

Law.com

'We Fight': The Dallas Firm That Won $45M Talc Verdict Refused Johnson & Johnson's Settlement Offer

Friday's verdict against Johnson & Johnson, in Chicago's Cook County Circuit Court, is the first for a mesothelioma victim since two failed talc bankruptcies last year—and a groundbreaking win for Dallas-based Dean Omar Branham Shirley.
5 minute read

The American Lawyer

With Express Bankruptcy Retention, Kirkland Begins 6th Retail Restructuring in a Year

No Big Law firm has dominated the cash-strapped sector of retail like Kirkland & Ellis.
3 minute read

Delaware Law Weekly

DSBA to Hold Elder Law Financial CLE

The elder law and bankruptcy sections of the Delaware State Bar Association (DSBA) are scheduled to hold a live CLE on Wednesday, titled "Senior Citizens, Incompetents, and Bankruptcy."
1 minute read

The American Lawyer

Help, the Lenders Are Fighting Again: Creditor Violence Driving Demand in Bankruptcy, Litigation Practices

As more large corporations go bust, lenders are jockeying for the position to get repaid first.
6 minute read

Daily Business Review

Florida Jury Sides With Johnson & Johnson in First Post-Bankruptcy Talc Verdict

Thursday's verdict comes in the second ovarian cancer trial since Johnson & Johnson's failed talc bankruptcies last year.
3 minute read

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