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Law.com

A Steak Dinner Keeps Ethics Questions Sizzling in J&J's Talc Bankruptcy

On Monday, lawyers for Randi Ellis, the future claims representative in the Johnson & Johnson talc bankruptcy, suggested sanctioning plaintiffs' lawyer Clay Thompson, who filed a July 12 disqualification motion that included a photo of her dining with lawyers in the case.
5 minute read

The Legal Intelligencer

Arbitration Appeal Withdrawal Clears Path for Defendants to Collect $7.1M in Attorney Fees, Costs

Bankruptcy counsel for a Pennsylvania business' trustee agreed in a July 14 stipulation to withdraw an arbitration appeal that stood in the way of the defendants' collection of the money.
3 minute read

The Legal Intelligencer

Four Ways the Texas Two-Step Changes How Plaintiffs Litigate Mass Torts

The Texas Two-Step is a bankruptcy process in which a solvent corporation spins off certain liabilities into a new and undercapitalized subsidiary and then has the subsidiary declare bankruptcy.
10 minute read

The American Lawyer

Justice Is Served: Highlights From Big Law's Year of Impactful Pro Bono

These 15 wide-ranging matters show what a difference pro bono representation can make in the lives of clients.
13 minute read

New Jersey Law Journal

What Happens When a Redevelopment Project Goes Into Default or Bankruptcy?

One of the most significant considerations for a redevelopment project facing financial distress will be the impact of the prohibition against transfers found in the Local Redevelopment and Housing Law, which requires all redevelopment agreements to include a "provision that the redeveloper shall be without power to sell, lease or otherwise transfer the redevelopment area or project, or any part thereof, without the written consent of the municipality or redevelopment entity."
9 minute read

The Legal Intelligencer

Defendant Demands Plaintiff to Pay Back Appeal Fees in $7.1M Attorney Fee Dispute

"In other words," Camping World wrote in a June 5 bankruptcy court filing, "the trustee brought claims (which she touted publicly), lost on every one, and then unilaterally put the entire arbitration on hold."
3 minute read

The Legal Intelligencer

Bankruptcy Transferring Control to Parent Was Filed in Good Faith

In recent years, as extensive pre-bankruptcy planning has evolved, bankruptcy filings frequently involve affiliates of larger companies, engineered with a structuring of liabilities in mind. This is especially relevant in the area of mass tort litigation. The question of whether these targeted filings are for a legitimate bankruptcy purpose or should be dismissed has been the subject of significant high-profile litigation.
10 minute read

Daily Business Review

Berger Singerman, Eyeing Central Florida's 'Unmet' Potential, Lands Nelson Mullins Bankruptcy Co-Chair

"Although it's a physical expansion for the firm into the Tampa, Orlando markets, it is not new territory for us," Berger Singerman managing partner Jordi Guso said. "Restructuring lawyers in our team have spent more time in the courtroom in the Middle District of Florida than they have in the Southern District of Florida."
3 minute read

The Legal Intelligencer

Rapper 50 Cent Can't Revive $32M Malpractice Suit Against Reed Smith

The rapper had blamed his lawyers for a $7 million jury verdict stemming from accusations that he released a sex tape. But a Connecticut federal judge found no evidence that the participation of three additional witnesses would have changed the outcome.
4 minute read

Corporate Counsel

Lawsuit Claims Accused FTX 'Fixer' Daniel Friedberg Silenced Whistleblowers, Enabled Fraud at Bankrupt Crypto Exchange

A lawsuit against Sam Bankman-Fried's so-called "fixer" Daniel Friedberg says the former FTX lawyer breached his duty "to ensure that proper safeguards were in place to prevent FTX insiders from looting the company."
3 minute read

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