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The Legal Intelligencer

Tools to Keep Cannabis Companies From Crashing in Oversaturated Markets

Facing rising interest rates making capital even pricier, coupled with a highly saturated market competing for a limited customer base beset by plummeting prices and diminishing profit margins, it's unclear whether Skymint will be liquidated or reorganized or how other cannabis companies will avoid suffocation during history's most lucrative marijuana market.
9 minute read

Connecticut Law Tribune

Sandy Hook Plaintiffs File 4 New Bankruptcy Lawsuits Against Alex Jones

"The law cannot repair the harm that Jones has done to the Sandy Hook Families, but it can and must hold Jones fully accountable for the injury he has caused and the resulting judgment against him," the Connecticut plaintiffs' complaint said.
3 minute read

Law.com

'Unworkable Rule for Mass Torts': Businesses Bolster Talc Bankruptcy Rehearing Request

The U.S. Chamber of Commerce, the American Tort Reform Association and three other business groups filed amicus briefs supporting rehearing of the U.S. Court of Appeals for the Third Circuit's Jan. 30 decision in Johnson & Johnson's talc bankruptcy.
5 minute read

Connecticut Law Tribune

Riddled With Errors: Alex Jones to Face Sanctions If Bankruptcy Filing Is Inaccurate

"We have a client in this situation that just has very little knowledge of his financial background," Alex Jones attorney Vickie Driver said. "I am looking for ... support for every fact."
4 minute read

Texas Lawyer

Boosting Bankruptcy Team, Gibson Dunn Adds Akin Gump Debt Finance Partner in Houston

With an inflow of bankruptcy work, Gibson, Dunn & Crutcher hires Chad Nichols, a debt finance partner from Akin Gump Strauss Hauer & Feld in Houston.
3 minute read

New York Law Journal

Keeping Your Options Open—Can a Debtor in Bankruptcy Revive an Expired Option?

While the decision provides some guidance as to how the prepetition termination or expiration of a purchase option may fare in bankruptcy, the holding is narrow, and leaves open the question of whether the court's reasoning can be applied in other circumstances to shield prepetition transactions from avoidance claims.
6 minute read

Daily Business Review

Are Economic Trends Pointing to a Busy Year for South Florida Bankruptcy Work?

The foreign investors who've helped juice the state's economy are particularly wary of what could happen if their investments go belly up.
5 minute read

Delaware Business Court Insider

FTX Attorneys' Billing Far Outpaces Hourly Rates Seen in 2008 Mega Bankruptcies

The largest segment by far is the $25.1 million billed by FTX lead counsel Sullivan & Cromwell across two filings.
4 minute read

Law.com

3M: New Data Proves 'Vast Majority' of Earplug Claimants Have Normal Hearing

More than 235,000 plaintiffs allege 3M's combat earplugs caused hearing loss or ringing of the ears, but newly released records for 175,000 of them suggest the "vast majority" of U.S. military service members making those claims have normal hearing.
4 minute read

Law.com

First Circuit: Attorney's 'False Oaths' Warrants Denial of Chapter 7 Discharge

"We agree with the bankruptcy court that Kupperstein's 'belated and illogical justifications only served to enhance the appearance of fraud,'" Rhode Island District Judge Mary S. McElroy wrote for the panel, sitting by designation.
4 minute read

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