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The American Lawyer

SBF Planned Testimony: Sullivan & Cromwell Pressured Me to File for Chapter 11, Reneged on Promises

In planned congressional testimony published by Forbes, Sam Bankman-Fried alleged that FTX General Counsel Ryne Miller hired Sullivan & Cromwell, his former law firm, to help it earn massive legal fees on the company's bankruptcy.
2 minute read

Delaware Business Court Insider

FTX Bankruptcy Attorney: 'We Do Not Trust the Bahamian Government'

An attorney representing FTX in its Delaware bankruptcy claimed during a virtual hearing Wednesday there's no reason to give liquidators in the Bahamas total access to FTX's digital assets.
3 minute read

Law.com

'Straightforward Case for Reversal:' 3M Unit Appeals Earplug Bankruptcy Ruling

Paul Clement filed an opening brief on Monday before the U.S. Court of Appeals for the Seventh Circuit to reverse an Aug. 26 ruling in the Chapter 11 case of Aearo Technologies refusing to extend an automatic stay to include earplug cases against 3M.
3 minute read

Daily Business Review

Choosing Where to Enforce a Federal Judgment in Florida

A federal court has entered a judgment in your client's favor. Your client seeks to enforce the judgment against the judgment debtor's assets in Florida. Now what?
6 minute read

Daily Business Review

Carvana Pact Offers Blueprint for Battle-Weary Debt Investors

Carvana and its creditors are getting ready to do battle over restructuring the company's debt, most of which is unsecured.
4 minute read

Corporate Counsel

The Landscape Shifts: Duties of and Risks to Directors and Officers of Insolvent Enterprises

Directors and Officers of distressed companies have a unique opportunity to help an enterprise navigate challenges and to facilitate the best available outcome for stakeholders.
13 minute read

Texas Lawyer

Law Firm's Alleged $14M Goof: Polsinelli Accused of Naming Wrong Defendant

"Instead of filing the claim against [Evergreen] Helicopters, Polsinelli filed Proof of Claim 427 in the amount of $14,546,621.92 against 'Evergreen Helicopters International, Inc.' and 'Erickson, Inc.,'" the complaint stated.
4 minute read

New York Law Journal

Liability Under State Law for Causing WARN Act Violations

In this edition of his Employment Law column, Nicholas Pappas discusses 'Ien v. TransCare (In re TransCare)', a bankruptcy court decision that has allowed Chapter 7 trustees to assert claims for breach of fiduciary duty against officers and directors for causing the debtor to violate the WARN Act. He also offers some practical suggestions employers should consider while contemplating compliance with the WARN Acts.
10 minute read

Supreme Court Brief

Imputing Fraud | A Robert Jackson Connection | A Right to Discriminate?

Bankruptcy is again on the argument docket today. We take a look at arguments by an amicus in that case.
6 minute read

Supreme Court Brief

At The Lectern: Week 2 | 'Operation Higher Court' | Meet Ethan Torrey

Two of the term's most closely watched cases will be argued this week. We take a look at the lawyers and cases.
9 minute read

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

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