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International Edition

Paul Hastings Secures Restructuring Co-Chair With KKR Hire

The lawyer previously worked as managing director on the credit team at KKR.
2 minute read

Law.com

Mass. Cannabis Litigation/Unusual Bankruptcy Ruling/SPAC Suit/Congressional Cannabis Champ to Depart

Some of the biggest cannabis companies are backing a lawsuit to block any federal action against state-legal marijuana operators.
9 minute read

The Legal Intelligencer

Bankruptcy Court Sides With Cannabis Business (Twice) in Reorg Plan

This ruling may result in more cannabis-related bankruptcy filings as sophisticated bankruptcy attorneys now have a framework for testing the trustee's historic opposition to bankruptcy protection for cannabis companies.
8 minute read

New York Law Journal

Foley Hoag Sues Employment Lawyer for Nearly $900,000 in Unpaid Legal Fees

Jeffrey Liddle hired the firm to represent him in Chapter 11 bankruptcy proceedings, but allegedly stopped paying shortly after his case was converted to Chapter 7.
2 minute read

Texas Lawyer

As Bankruptcy Filings Rev Up, Law Firms in Texas May Boost Their Bankruptcy Teams

A new report from the Administrative Office of U.S. Courts shows that total bankruptcy filings for the federal fiscal year that ended on Sept. 30 increased by 13%, turning around a long drop.
5 minute read

Law.com

DIP Financing and Liens On Avoidance Actions

The Eighth Circuit's decision in Simply Essentials has practical significance for Chapter 11 debtor in possession (DIP) lenders. U.S. Trustees and unsecured creditors regularly object to the granting of liens on avoidance actions, but this and other appellate rulings should now eliminate the purported legal obstacle.
9 minute read

The Legal Intelligencer

Schnader Harrison Looks to Settle Malpractice Suit Over Allegedly Mismanaged Bankruptcy

The defunct firm has reached an interim, confidential settlement with plaintiffs Herbert Vederman, Samuel Sidewater and Steven Sidewater, and the parties hope to finalize the resolution in 2024.
2 minute read

Litigation Daily

Litigators of the Week: A Bankruptcy Win for Sandy Hook Families Against Alex Jones

Lawyers for families of those killed in the 2012 school shooting won rulings finding that litigation debts Jones accrued through "willful and malicious injury" to their clients cannot be discharged through bankruptcy.
10 minute read

The American Lawyer

Quinn Emanuel and Foley & Lardner Resolve Fee Dispute From LeClairRyan Bankruptcy

The resolution grants Foley & Lardner $2.2 million in fees that have already been approved. But the firm had sought another $4.1 million.
4 minute read

Daily Business Review

Bankruptcies Rise 13% But Experts Point to Historic Low Levels of Filings

"We've had an explosion in our pipeline of work that started in Q1 of this year," said AnnElyse S. Gains, an Am Law 10 firm partner.
4 minute read

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