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Texas Lawyer

225 Docket Entries in 7 Days in Case Where AGs Want Bankruptcy Investigated

"These investments have all the appearances of a Ponzi scheme that is continuing to harm Steward-owned hospitals," said U.S. Sens. Elizabeth Warren and Ed Markey.
4 minute read

The Legal Intelligencer

Buchanan Ingersoll's New Leader Eyes Strategic Growth in Existing Markets

James Newell, based in Pittsburgh, succeeded Joe Dougherty as chairman and CEO of the Am Law 200 firm on Thursday.
4 minute read

Texas Lawyer

Law Firm Profit in Peril as Receiver Seeks Disgorgement

But the law firm is arguing the statute of limitations bars the bankruptcy receiver's effort to disgorge its profits.
5 minute read

The American Lawyer

Gibson Dunn, Cahill Hire NY Restructuring Partners as Practice Outperforms Most

Bankruptcy demand rose 3% in Q1 compared to Q1 2023, according to a recent Thomson Reuters report.
3 minute read

Law.com

The Texas Two-Step: Efficient, Equitible and Just

The Texas two-step provides a basis for equitable and efficient judicial resolutions and provides global stability that prevents high-stakes litigation shopping. It is thus an efficient means to resolve a host of claims that can number into the thousands in a host of courts throughout the country.
7 minute read

The American Lawyer

Nickel and Dimed: Fee Examiners More Common Amid Rise in Contentious Bankruptcies

A Delaware bankruptcy judge's recent order reflects rising scrutiny over Big Law bills in mega-bankruptcies.
4 minute read

The Legal Intelligencer

Trustees May Pursue Third-Party Claims Acquired From Settling Preference Defendants

In a recent decision, the U.S. District Court for the District of Delaware upheld a bankruptcy court's ruling that a liquidating trust had the authority to pursue not only estate causes of action, but also third-party claims held by preference defendants and turned over to the trust as part of preference claim settlement consideration.
8 minute read

Law.com

Johnson & Johnson Launches $6.48B Bankruptcy Plan to Resolve Talc Lawsuits

Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read

Delaware Business Court Insider

Closing 'Unacceptable Loopholes': How Sex Abuse Claimants Could Gain Power in Chapter 11 Bankruptcies

The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read

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

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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