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National Law Journal

Supreme Court Will Hear Challenge to Purdue Pharma's Bankruptcy Plan

The federal government calls the plan—approved by the Second Circuit—"an abuse of the bankruptcy system."
3 minute read

Delaware Business Court Insider

'That Was the Piggy Bank for Everyone': Lawyer for FTX Non-US Customers Weighs Bid for Recovery

Names of overseas creditors have been released by the bankruptcy court. The foreign creditors have formed an ad hoc committee represented by Eversheds Sutherland.
7 minute read

The Legal Intelligencer

Timing Is Everything: Bankruptcy Court Offers Guidance on When a Case Is Considered 'Filed'

The Bankruptcy Court thoroughly examined this issue and found that the "upload" time of a bankruptcy filing—and not the time physically "stamped" on a bankruptcy petition—determines when a case is commenced. In doing so, the Bankruptcy Court offered direction and guidelines that debtors and creditors will be well advised to observe in future cases.
8 minute read

Texas Lawyer

Quinn Emanuel Helps Get 70% for Unsecured Creditors in Bankruptcy Fight

The secured creditors' arguments would render the main point of the plan, and the last three years of litigation, meaningless, U.S. Bankruptcy Judge Marvin Isgur said.
5 minute read

The American Lawyer

Kirkland & Ellis to Lead Trucking Firm Yellow Through Chapter 11

The company, with $1.5 billion in outstanding debt, is among several high-profile debtor representations for Kirkland this year.
2 minute read

The American Lawyer

As More Partners Leave, Stroock Votes to End Pension Obligation

A five-partner restructuring team is the latest to leave Stroock for Morgan Lewis. Meanwhile, the New York firm said it has secured the votes needed to end its pension obligation, removing an obstacle for a merger.
3 minute read

The American Lawyer

Countercyclical Work Elevates Most of Legal Industry in Q2

Overall demand at midsize firms was up 3.7%, while Am Law 100 (0.3%) and Second Hundred (0.2%) firms are still below 1%.
4 minute read

International Edition

Wilko Enlists Legal Advisers as it Faces Collapse

The British discount retailer filed a notice of its intention to appoint administrators on Thursday.
2 minute read

The American Lawyer

Kirkland & Ellis, Jackson Walker Dominate Debtor-Side Bankruptcy as Restructuring Market Heats Up

Corporate filings are rebounding after two slow years, with Kirkland and its Texas-based dance partner leading the way.
3 minute read

National Law Journal

ETL Keith Givens Visionary Award Winner Jennifer Selendy on Innovative Law Firm Leadership

"It's a high priority for me to invite open exchange, to encourage even the youngest members of our team to see that they can contribute right away if they really engage and roll up their sleeves and weave themselves into the fabric of the case in the firm," Selendy says.
7 minute read

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