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Law.com

Talc Plaintiffs Move to Quash Subpoenas as J&J Defends Attorney's Conduct

On Thursday, Beasley Allen and the plaintiffs' steering committee in the talc multidistrict litigation filed motions to quash subpoenas sought by Johnson & Johnson in the talc litigation.
6 minute read

Texas Lawyer

Jackson Walker Alleges US Trustee's Effort Seeking Fee Forfeiture in Bankruptcies Is Flawed

Jackson Walker alleges in court filings that former U.S. Bankruptcy Judge David Jones directed the firm to use a disclosure statement for representation requests that the firm considered "insufficient, adequate, and misleading" to describe his relationship with a partner at the firm.
4 minute read

Litigation Daily

Litigators of the Week: Cleary Helps Crypto Lender Genesis Settle With NYAG, Win Approval for Reorganization Plan

Sean O'Neal, Tom Kessler, and Jane VanLare of Cleary Gottlieb Steen & Hamilton helped Genesis win approval for the settlement of the AG's Martin Act claims and its plan of reorganization, where dollar creditors are estimated to receive 100% of their claims and cryptocurrency creditors have estimated average recoveries of 77% on an in-kind basis.
5 minute read

New Jersey Law Journal

Red Lobster Bankruptcy Will Test New Jersey's Stricter WARN Act

Under the federal version of WARN, an employer must give workers a written notice 60 days before a mass layoff or plant closing. New Jersey's version of WARN, which was updated in 2023, now requires 90 days of notice of a plant closing or mass layoff.
4 minute read

Law.com

Talc Plaintiffs File Class Action Over Johnson & Johnson's Alleged 'Fraudulent Transfers'

The class action, filed in the U.S. District Court for the District of New Jersey by five plaintiffs in talcum powder lawsuits, names Johnson & Johnson, its subsidiaries and several current and former officers and directors.
7 minute read

New York Law Journal

NY Reaches $2B Settlement With Bankrupt Crypto Lender Genesis

The settlement resolved a lawsuit James' office filed in state Supreme Court of Manhattan in October, and establishes a victims' fund for Genesis' creditors, with the firm neither admitting or denying the allegations.
3 minute read

The Legal Intelligencer

Always Ask for Permission and Never Forgiveness: Court Clarifies Self-Executing Nature of Certain Nondischargeable Debts

The Bankruptcy Code has excepted certain debts that are incapable of being discharged as a matter of right, including, without limitation, certain "qualifying" loans used to fund a debtor's education. For a debtor to be able to receive a discharge of such loans, the debtor must file a lawsuit and obtain a judgment determining their dischargeability.
8 minute read

Daily Business Review

Bankruptcy and Indubitable Equivalent Value—When Is a Prior Value Determination or Stipulated Value Not the Value of the Business?

A forensic accountant, litigation consultant or a business valuation expert is often tasked with the prospect of "interpreting" clauses in an agreement from a financial point of view without expressing a legal opinion. In addition, the expert may be required to then determine the financial consequences of that interpretation.
9 minute read

New York Law Journal

Recent Retail Industry Bankruptcy Cases

This issue of the Bankruptcy Update focuses on the recent retail industry bankruptcy cases of 99 Cents Only, Express and JOANN.
5 minute read

New York Law Journal

A Deed In a Box: A Rare NY Case Where It Was Tied Up With Bow

A seemingly tidy and fair solution to a very complicated problem, a deed in escrow gives a borrower additional time to sell or refinance its property while still giving the lender an efficient means to obtain the property if the borrower defaults anew. This is hardly a gift in New York though, where the oft-called "deed in a box" is almost always held to be unenforceable.
6 minute read

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