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The American Lawyer

So Far in 2024, Law Firms Are Building on Bankruptcy

Clifford Chance joins Morrison Foerster, Seyfarth Shaw and Selendy Gay in making restructuring hires in recent days.
3 minute read

The American Lawyer

Kirkland, Weil Contribute to 118% Uptick in Commercial Chapter 11 Filings

Collectively, the firms took on nearly 300 debtor retentions in two jointly administered bankruptcies.
2 minute read

Delaware Business Court Insider

Terraform at Odds With Creditor Committee as SEC Trial Approaches

The SEC's case against Terraform is scheduled to go to trial March 25, and the debtors' counsel moved last week for the bankruptcy court to allow Dentons to serve as special counsel.
3 minute read

The Legal Intelligencer

Focused on Long-Term Profit Growth, Blank Rome Sees Strong 2023

This is the fifth consecutive year in which net income growth surpassed 8.5%, coinciding with the course of the firm's five-year strategic plan.
6 minute read

Delaware Business Court Insider

SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court

The SEC has asked Judge Brendan Linehan Shannon to deny the application unless Dentons returns to Terraform the $81 million still available from its retainer and files engagement letters and agreements about payment with the court.
3 minute read

Texas Lawyer

Kirkland, Jackson Walker and Ex-Bankruptcy Judge Hit With Another Suit

A former CEO alleges Jackson Walker and Kirkland knew of a judge's relationship with a partner "and used it to profit" by bringing tens of millions of dollars through the "Jones'-Freeman conduit."
5 minute read

The Legal Intelligencer

The Continuing Review of Real Estate Sector Bankruptcy Rulings

Continuing our series on distressed real estate cases, we again decided to report on two cases that present different issues. One involves the debtor's sale of real estate over the objection of the secured lender, which was approved. The other involves a debtor's attempt to enjoin a construction bond company from continuing to pay claims by subcontractors after the filing of the bankruptcy case, which was denied.
10 minute read

The American Lawyer

For Sullivan & Cromwell, Pre-Petition FTX Work Bites Back

Class-action plaintiffs and an appellate judge are curious about the regulatory and M&A work Sullivan & Cromwell did for FTX before the exchange collapsed.
7 minute read

New York Law Journal

Georgia Election Workers Argue Giuliani's $148 Million Judgment Is Not Dischargeable in Bankruptcy

The election workers, Ruby Freeman and Shaye Moss, are represented by attorneys at Willkie Farr & Gallagher, Dubose Miller and the nonprofit group United to Protect Democracy.
3 minute read

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

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

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