NEXT
Sign in to follow

Daily Business Review

Considering Netflix's 'Painkiller' and High-Profile Bankruptcy Cases and Issues Related to the Proliferation of Opioids

While "Painkiller" is a fictionalized account of the origins of the opioid epidemic, the investigations and legal proceedings referenced in the drama series have direct parallels to ongoing disputes in the highest courts of the nation.
5 minute read

New York Law Journal

Navigating Cross-Border Insolvencies: Balancing Efficiency and Eligibility

In this article, Richard J. Bernard and Roya Imani explore the challenges faced by U.S. debtors aiming to qualify for Chapter 15 recognition.
9 minute read

New York Law Journal

As US Bankruptcy Filings Increase, Legal Finance Is Set to Play an Important Role

US corporate bankruptcy filings are at the highest point since 2010, signaling a significant increase in bankruptcy activity for the first time since the legal finance industry emerged in the wake of the 2007-2008 financial crisis.
5 minute read

New York Law Journal

WeWork's Potential Bankruptcy Raises Issues for Landlords and Member-Tenants

In this article, Gregory Plotko and Marissa Higgins discuss in substance the most pressing issues for both landlords and tenants in the event of a WeWork bankruptcy filing under the U.S. Bankruptcy Code.
8 minute read

New York Law Journal

Outsize Role Bankruptcy Courts Play in Mass Tort Litigation

This article addresses the "Texas Two-Step" litigation strategy when it comes to bankruptcy and discusses whether this strategy of utilizing the Chapter 11 process to handle mass tort litigation claims is fair, effective and will survive the scrutiny of the courts.
7 minute read

New York Law Journal

Purdue Pharma: Will the Sacklers Get Sacked? Supreme Court Stays Effectiveness of Plan of Reorganization

On Aug. 10, 2023, the U.S. Supreme Court stayed a decision of the U.S. Court of Appeals for the Second Circuit that held that nonconsensual third-party releases of direct claims against nondebtors are statutorily permitted under sections 105(a) and 1123(b)(6) of the Bankruptcy Code and that the court's case law allows for nonconsensual third-party claim releases in specific circumstances.
8 minute read

New York Law Journal

Former Big Law Partner Pleads Guilty to Making False Statements in His Personal Bankruptcy Case

U.S. District Judge Analisa Torres took the guilty plea from ex-lawyer John Roesser, who was a partner at a series of major firms.
3 minute read

The Legal Intelligencer

Sacks Weston Name Partners Live 'Like Millionaires' Despite Owing $14M to Litigation Funder, Court Documents Allege

Virage Capital asserts that the two partners at the bankrupt Philadelphia firm have been misusing collateral pledged to a 2017 loan that's now in arrears.
5 minute read

New York Law Journal

Decision of the Day: $55,000 Sanction on Counsel Flouting Discovery in Bankruptcy Proceedings Is Upheld

This ruling was selected and summarized by the New York Law Journal's decision editors.
2 minute read

New York Law Journal

Good Faith and Financial Distress: Can a Solvent Debtor Have a Valid Reorganizational Purpose?

In the 45 years since the enactment of the Bankruptcy Code, the Chapter 11 process has been successfully used by companies to address and resolve mass tort liabilities. However, what were once considered legitimate uses of Chapter 11 may now be rejected by bankruptcy courts as bad faith filings.
8 minute read

More from ALM

More from ALM

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

Resources

  • Why Embracing Change Is Essential for Your Legal Department

    Brought to you by DiliTrust

    Download Now

  • International Export and Trade Assistance State Law Survey

    Brought to you by LexisNexis®

    Download Now

  • How This Personal Injury Firm Reduced Client Intake Time by 80%

    Brought to you by PracticePanther

    Download Now

  • The Hidden Cost of Bad Reviews: Why Law Firms & Attorneys Can't Afford a Damaged Online Reputation

    Brought to you by Erase.com

    Download Now