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Texas Lawyer

Jackson Walker Faces Greater Scrutiny After Disclosure of Texts Over Judge's Relationship

Citing 2021 text messages between Jackson Walker attorneys, bankruptcy administrators assert a full evidentiary hearing is needed to determine if the firm failed to make required disclosure.
5 minute read

New Jersey Law Journal

Attorney of the Year Finalist: Richard Trenk Helping Businesses 'Turn the Page'

"The whole reason to be here is to help people, on every level," Trenk said.
5 minute read

Daily Business Review

Subchapter V Bankruptcy Filings Plummeted After Congress Let Its Qualification Threshold Sunset

Lawyers are now faced with more expensive and time-consuming options for their midmarket clients, after the U.S. Senate failed to pass a bill that would have kept the bankruptcy option's debt limit to $7.5 million.
4 minute read

The American Lawyer

Major Debtors Still Frequent SDTX 1 Year After Jones-Freeman Scandal

Data from Debtwire shows a modest decline in large Chapter 11s filed in Houston since news of the relationship between Judge David R. Jones and former Jackson Walker partner Elizabeth Freeman broke last October.
3 minute read

The American Lawyer

Mayer Brown Restructuring Leader Heads to Jenner to Co-Chair Practice

The two-partner move includes Doug Spelfogel, who was a co-leader in restructuring in Mayer Brown's New York office, and partner Derek Wright in Chicago.
3 minute read

The Legal Intelligencer

Offit Kurman Scores Summary Judgment in Long-Running Legal Mal Suit Over Bankruptcy Fallout

Judge James Crumlish III ruled that the plaintiff's assertion 'is way too simplistic, ignores the glaring matter of the timing of the decision, and is undercut by the documentary evidence that conflicts with [the plaintiff's] self-serving and unsubstantiated testimony.'
3 minute read

The Legal Intelligencer

Phila., Del. Firms Handling UArts' Ch. 7 Petition Fall Far Below Top Bankruptcy Rates

Fox Rothchild's Michael Menkowitz, formerly the firm's financial restructuring and bankruptcy chair, has the highest rate among all the attorneys listed on the matter, bringing in $1,160 per hour.
3 minute read

Texas Lawyer

Johnson & Johnson's 3rd Talc Bankruptcy Will Remain in Texas

A bankruptcy judge ruled on Thursday that Johnson & Johnson's third Chapter 11 case to resolve thousands of talcum powder lawsuits would remain in Texas.
4 minute read

The Legal Intelligencer

Real Property Sale Proceeds Must Be Paid First to Unavoided Portion of IRS Tax Lien

The Ninth Circuit reversed the decision of the U.S. Bankruptcy Court for District of Arizona, and in a case of first impression, held where the trustee avoids the portion of a tax lien attributable to penalties, the sale proceeds must be used first to pay in full the unavoided tax lien liability amount rather than allocating the proceeds pro rata.
7 minute read

The American Lawyer

Sullivan & Cromwell Dismissed as Defendant in Lawsuit from FTX Investors

The dismissal follows a second report from an independent examiner that found Sullivan & Cromwell didn't ignore red flags in pre-petition work for FTX.
2 minute read

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