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The Legal Intelligencer

Fifth Circuit Sides With Fourth Circuit and Rules That Discharge Exceptions Apply to Corporate Subchapter V Debtors

In the case of Avion Funding v. GFS Industries (In re GFS Industries), the U.S. Court of Appeals for the Fifth Circuit held that corporate debtors that elect to proceed under Subchapter V of Chapter 11 are, pursuant to Section 1192 of the Bankruptcy Code, subject to the discharge exceptions set forth in Section 523 of the Bankruptcy Code.
7 minute read

New York Law Journal

Supreme Court Expands Insurers' Rights by Holding That Insurers Are 'Parties in Interest' in Bankruptcy Proceedings

"In the insurance space, no decision was more highly-anticipated than that issued in 'Truck Insurance Exchange v. Kaiser Gypsum Company,'" according to Howard B. Epstein and Theodore A. Keyes.
9 minute read

Connecticut Law Tribune

Judge Orders Sale of Infowars, Alex Jones' Media Platform

"The Connecticut families have always sought a fair and equitable distribution of Free Speech System's assets for all of the families, and today's decision is a significant step forward," Chris Mattei of Koskoff, Koskoff & Bieder, one of the attorneys for the Connecticut plaintiffs, said. "[Free Speech Systems] will now be sold at auction, meaning Alex Jones will no longer own or control the company he built. This brings the families closer to their goal of holding him accountable for the harm he has caused."
3 minute read

The American Lawyer

Sullivan & Cromwell Didn't Ignore FTX Red Flags, Second Examiner Report Concludes

FTX Group's in-house counsel withheld information in communications with Sullivan & Cromwell that prevented the law firm from seeing red flags, the report stated.
4 minute read

Law.com

Circuit Courts Split on Review of Bankruptcy Court's Denial of Motion to Dismiss

Appellate courts are split on whether to review a bankruptcy court's denial of a motion to dismiss an entire case. Two district judges within the past few months, hearing appeals from the bankruptcy court, have reached contrary results that underline the split among the nation's courts of appeals.
11 minute read

Texas Lawyer

Jackson Walker Faces Federal Court Ethics Inquiry

U.S. Bankruptcy Judge Marvin Isgur recommends an inquiry after concluding Walker's failure to inform clients of a romantic relationship between a bankruptcy partner and former U.S. Bankruptcy Judge David Jones was an inexcusable 'ethical breach.'
3 minute read

Law.com

'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J

At a Monday hearing, U.S. Bankruptcy Judge Christopher Lopez in Texas ordered an automatic stay on J&J talc litigation after dual motions were filed to move the Chapter 11 case to New Jersey.
4 minute read

New Jersey Law Journal

Lawyers Suing Lawyers: Firm Files Suit for $521,000

The attorney allegedly suggested that the $400,000 her firm had previously paid to its counsel be applied again, an idea the lawsuit termed "incredulous." In other words, counsel would continue to represent the attorneys in three cases, but would receive nothing on current bills of more than $400,000, the suit claims.
4 minute read

Texas Lawyer

Paul Hastings Adds Sidley Restructuring Partner in Dallas

The hiring of Sidley Austin restructuring partner Charles Persons continues Paul Hastings's aggressive growth in Texas.
3 minute read

Law.com

Johnson & Johnson Files Third Talc Bankruptcy in Texas

Beasley Allen opposed the Chapter 11 case, which includes up to $10 billion in nominal compensation to talc claimants. 'This proposed compensation is a gross undervaluation,' principal Andy Birchfield said in a statement to Law.com.
7 minute read

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