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Delaware Business Court Insider

FTX Creditors to Vote on Plan Liquidating 'Mind-Boggling' Assets

Several parties argued the disclosure statement that's part of the plan didn't meet the legal standard for approval, but Judge John T. Dorsey overruled their objections.
3 minute read

New York Law Journal

2nd Circuit: Competitor's Ads May Not Have Run Afoul of Internet Service Provider's Bankruptcy Stay

Chief Circuit Judge Debra Ann Livingston and Circuit Judges José Cabranes and Maria Araújo Kahn ruled that doubt existed as to whether Charter's actions violated the automatic stay attached to Windstream's Chapter 11 bankruptcy proceeding.
4 minute read

Daily Business Review

Recently Created Bankruptcy Option for Small Businesses Gets Restricted After Sunset Period Ends

In 2019, the federal government created the Subchapter V bankruptcy filing option, which helped small businesses go through bankruptcy much quicker and with less fees. But after the U.S. Senate failed to pass a bill on Friday, the number of businesses that can qualify shrunk.
3 minute read

Texas Lawyer

Greenberg Traurig, Dentons Hire Big Law Partners in Houston

Greenberg Traurig expanded its restructuring and bankruptcy team with a Paul Hastings partner, and Dentons added a Reed Smith securities and M&A partner.
4 minute read

The Legal Intelligencer

A Debtor's Failure to Properly Schedule a Debt in an 'Asset Case' Renders That Debt Nondischargeable

In a recent published decision, the U.S. Court of Appeals for the Ninth Circuit addressed a previously unresolved question in that circuit: whether a debtor's failure to properly schedule a debt in an "asset case" renders the debt nondischargeable.
7 minute read

Law.com

Guidance on the Enforceability of Lockup Provisions

A recent decision from Chief Judge Glenn of the Southern District of New York Bankruptcy Court provides clarity to creditors and debtors alike in cases where the parties' settlement negotiations include an agreement requiring a creditor to support the debtor's Chapter 11 plan.
11 minute read

New Jersey Law Journal

Attorneys for Future Talc Claimants File Medical Monitoring Class Action Against J&J

Monday's lawsuit comes less than a month after many of the same plaintiffs' firms sued to stop Johnson & Johnson's potential third talc bankruptcy.
5 minute read

Law.com

A Court Just Restored $8.5 Billion in Claims in This Massive Bankruptcy Case

Bondholders said the decision reinstating their claims restores the municipal market's understanding of the proper functioning of special revenue bonds.
3 minute read

National Law Journal

Prospective Parity Will Be Remedy for Past Bankruptcy Fee Disparity, High Court Says

Equality of fees going forward "comports with congressional intent, corrects the constitutional wrong, and complies with due process," Justice Ketanji Brown Jackson wrote for the majority.
4 minute read

The American Lawyer

FTX Examiner Requests Additional Investigation on Sullivan & Cromwell

A court-appointed examiner requested up to $3 million to investigate the law firm's role in advising Sam Bankman-Fried on his purchase of Robinhood shares, as well as two other issues.
3 minute read

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