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The American Lawyer

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.
3 minute read

National Law Journal

No Perfect Solution: Justices' Own Bankruptcy Ruling Creates $326M Problem

The Supreme Court's 2022 constitutional decision is in search of a 2024 remedy.
4 minute read

Law.com

Three Things Bankruptcy Trustees Should Know About Due Diligence in Preference Litigation

Courts have struggled with the interpretation of the 2019 amendment to Section 547, specifically whether the due diligence requirement is an element of a preference claim that must be adequately pleaded in the plaintiff's complaint. While the law is still developing, there are three important takeaways for trustees to consider.
6 minute read

New York Law Journal

Giuliani Asks Judge to Lift Chapter 11 Automatic Stay for Motions After $148 Million Judgment in Election Workers' Case

In Friday's motion, Giuliani's attorney Gary Fischoff of Berger, Fischoff, Shumer, Wexler & Goodman emphasized that he was asking U.S. Bankruptcy Judge Sean H. Lane to lift the automatic stay for a "limited purpose."
2 minute read

The Recorder

Covington Builds Restructuring Practice With 2 Mintz Partner Hires

The partner hires "will help us leverage additional litigation opportunities that arise out of clients dealing with bankruptcies, particularly on the creditor side," said Dan Shallman, head of the LA office.
2 minute read

New York Law Journal

Texas Bankruptcy Court Holds Code Overrides State Law on Expulsion

In her Distress Mergers and Acquisitions column, Corinne Ball discusses the recent case "In re Envision Healthcare Corp," where the Bankruptcy Court for the Southern District of Texas confronted an apparent conflict between applicable Delaware law and the Bankruptcy Code, determining that the Bankruptcy Code overrides state law and protects a debtor from expulsion by its fellow LLC members.
12 minute read

Delaware Law Weekly

Lewis Brisbois Del. Partner to Speak at Strafford Webinar on Chapter 11 Bankruptcy

Lewis Brisbois Bisgaard & Smith Wilmington partner Rafael X. Zahralddin is scheduled to speak on "death trap" provisions in Chapter 11 of the U.S. Bankruptcy Code at an upcoming Strafford webinar at 1 p.m. Jan. 18.
2 minute read

New York Law Journal

Rudy Giuliani Files for Chapter 11 Bankruptcy After $148 Million Judgment in Defamation Suit

Claims against Giuliani include a suit filed by his former attorney Robert Costello and Costello's firm Davidoff Hutcher & Citron for unpaid legal fees.
4 minute read

International Edition

World's Elite Law Firms Lead as Farfetch Secures $500M Rescue Deal

South Korean e-commerce giant Coupang has stepped in to pull the London-based fashion retailer out of likely collapse.
3 minute read

Law.com

Mass Tort Bankruptcies Stumbled in 2023. Could Some Fall Apart in 2024?

The U.S. Supreme Court heard oral arguments this month in the Purdue Pharma bankruptcy about third-party releases in a case that could also impact the Boy Scouts of America's Chapter 11 plan next year.
5 minute read

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