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Texas Lawyer

What the Fifth Circuit's Ruling on Avoidance Actions Means for Debtors

"While the Fifth Circuit's decision put to bed a longstanding question of law, it also gives rise to many others," writes John Kane of Kane Russell Coleman Logan.
6 minute read

New York Law Journal

Creditor Remedies Prevail in Delaware

This article addresses how a Creditor's Committee may sue members of an LLC, despite Delaware law limitations, and how prebankruptcy exercise of proxy rights in reliance on Delaware law are upheld in a subsequent bankruptcy case.
12 minute read

New York Law Journal

Ex-Big Law Partner Sentenced to 3 Years Supervised Release in False Statements Case

John Roesser told Judge Analisa Torres that he has "always, always, always loved the law" and regretted the impact of his offense on the court system.
3 minute read

New York Law Journal

Hiring Paul Weiss Bankruptcy Partner, Selendy Gay Targets Bankruptcy-Related Litigation

Kelley Cornish, a member of Paul Weiss' management committee, will join the firm next week.
3 minute read

International Edition

Jones Day Appointed On Body Shop Administration, Weil and Dechert Advise on Rescue Deal

The transactions come as statistics on Thursday showed the UK entered a recession towards the end of 2023.
3 minute read

Texas Lawyer

Haynes and Boone Chief DEI Officer Named as Defendant in Bankruptcy Adversary Action

Sharon Jones, a Haynes and Boone partner in Dallas and the firm's chief diversity, equity and inclusion officer, faces a breach of fiduciary duty cause of action in an adversary action filed in the Chapter 7 of diversity consulting company Jones Diversity.
3 minute read

The Legal Intelligencer

Third Circuit—Chapter 11 Examiner Appointment Now Mandatory

The now infamous Chapter 11 bankruptcy case of FTX Trading Ltd. (FTX), once a multibillion-dollar cryptocurrency company, has reemerged in a dispute over this very important issue. On appeal, the U.S. Court of Appeals for the Third Circuit recently held that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth.
7 minute read

International Edition

Billion-Euro Distressed Companies in France Boost Firms' M&A and Litigation Work

Many factors, including heavy debt loads and tight financing markets, are making troubled companies prime M&A targets, either for 'a change of control or for major carve-outs,' one lawyer said.
7 minute read

The American Lawyer

White & Case Helped Distribute Nearly 80% of Celsius Account Holder Funds Before Founder's Criminal Fraud Trial

The crypto lender emerged from Chapter 11 at the end of January, with former customers receiving bitcoin, stock in a bitcoin mining operation and the rights to legal claims against founder Alex Mashinsky.
5 minute read

Daily Business Review

Navigating the Surge: A Strategic Guide for Lenders Amid Rising Loan Defaults

Anticipating the fallout from potentially billions of dollars in distressed loans, lenders must be on high alert. Drawing from lessons learned in the last two historical downturns, where we witnessed unprepared lenders face severe consequences, it is imperative for lenders and financial institutions to act now.
7 minute read

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