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The American Lawyer

Controversial 'Texas Two-Step' Netted Jones Day $107 Million Before 3rd Circuit Rebuke

Jones Day partner Gregory Gordon employed the tactic in four large Chapter 11s prior to a late January ruling against Johnson & Johnson affiliate LTL Management.
3 minute read

New Jersey Law Journal

Third Circuit to J&J: "Chapter 11 is appropriate only for entities facing financial distress."

The LTL bankruptcy filing snatched hope for justice from the innocent injured and has left many in despair. The Third Circuit has taken the important first step to correct what never should have been permitted.
6 minute read

National Law Journal

Plaintiffs Attorneys Expect 2023 to Be Record-Setting Year for Securities Litigation Results

Crypto, Big Tech and the threat of a commercial real estate bubble are some of the areas plaintiffs attorneys are closely watching as targets of potential securities litigation this year.
4 minute read

Delaware Law Weekly

District Judge Questions Court's Authority to Find Bad Faith in Boy Scout Bankruptcy Plan

Ted Boutrous of Gibson Dunn said there's room for the court to find the plan wasn't in good faith because it doesn't clearly lay out procedures to find which of the more than 82,000 sexual abuse claims set to be paid out by a trust are fraudulent.
4 minute read

The Legal Intelligencer

Court: An Ongoing Business Is Not Required for a 'Good Faith' Reorganization Under Chapter 11

In a recent decision, In re HONX, No 22-90035 (Bankr. S.D. Tex. Dec. 28, 2022), the U.S. Bankruptcy Court for the Southern District of Texas (the court) addressed whether a debtor that has no independent assets or ongoing business operations can reorganize under Chapter 11 in good faith.
7 minute read

Law.com

'It Just Isn't There': Bankruptcy Judge Tosses Girardi Keese Trustee's Lender Lawsuit

At a Tuesday hearing in Los Angeles, Larry Gabriel, an attorney for Girardi Keese bankruptcy trustee Elissa Miller, implored U.S. Bankruptcy Judge Barry Russell to allow him to amend his complaint against the firm's lender. "This is too big of a case to be given one shot," he said.
5 minute read

Connecticut Law Tribune

The Court Just Hired a Forensic Financial Adviser for Alex Jones' Bankruptcy Case

The law firm Akin Gump Strauss Hauer & Feld also volunteered to advise the committee on a pro bono basis.
3 minute read

International Edition

Sidley Picks Up Role Advising Britishvolt Rescuers 

Dentons remains on as the British battery maker's advisors.
2 minute read

The Recorder

Not-Guilty Plea for Tom Girardi, Whose Mental Competency at Issue Over $15M Alleged Theft

Chief U.S. Magistrate Judge Karen Stevenson entered the plea at an arraignment hearing in downtown Los Angeles and granted a request from Tom Girardi's lawyers to file documents under seal about his "medical and mental health exam."
3 minute read

Delaware Business Court Insider

'Too Fragile an Environment'?: FTX Bankruptcy Attorneys Criticize U.S. Trustee's Motion to Add Outside Investigator

If U.S. District Judge John T. Dorsey sides with the U.S. Trustee on its motion to hire an independent examiner, it could increase the total cost of the crypto platform's Chapter 11 case in the District of Delaware by tens or hundreds of millions of dollars.
4 minute read

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