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International Edition

Cleary Guides LATAM Airlines Out of Bankruptcy

The Chapter 11 restructuring represents one of the largest bankruptcies filed in recent times, involving more than $16 billion in liabilities and 38 debtors.
3 minute read

The Legal Intelligencer

Successor Liability Claims Constitute a 'Property Interest' for Purposes of a 363 Sale in Bankruptcy

In In re Norrenberns Foods, Case No. 21-30825, (Bankr. S.D. Ill. July 8, 2022), the U.S. Bankruptcy Court for the Southern District of Illinois had occasion to rule on a creditor's objection to the sale of a debtor's assets.
9 minute read

Daily Report Online

Man Sues Wells Fargo, Others Over Foreclosure Claims

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Delaware Law Weekly

Objecting Parties Hit Back at Boy Scouts Plan, Calling It 'Misuse of the Bankruptcy Process'

The BSA now has until Dec. 7 to respond to the allegations raised in four briefs Monday by parties whose appeals were consolidated by U.S. District Court Judge Richard G. Andrews.
4 minute read

Law.com

Can Kirkland & Ellis 'Serve 2 Masters'? And Is 3M Changing Its Story About Earplug Liability?

A judge is considering sanctions after an Oct. 4 motion in which plaintiffs lawyers alleged 3M had made an "about-face" two months ago in its legal position. That's a "jarringly novel litigation stance," the judge wrote.
5 minute read

Daily Business Review

An Unsigned Text Message May Become a Personal Guarantee—Believe It or Not

In an unpublished decision issued on Oct. 13, the 11th Circuit Court of Appeals held that an unsigned text message from an individual can constitute a personal guarantee of a debt of a corporation without violating Florida's statute of frauds and in compliance with Florida's Electronic Signature Act.
4 minute read

International Edition

Made.com Enlists HSF and Davis Polk To Assist With Administration

Made.com is set to go into administration after months of struggling.
2 minute read

New York Law Journal

SDNY Clarifies Availability of Administrative Priority for Postpetition Contract Breaches

The District Court's holding reverses some of the potentially harmful consequences of the lower court's decision—which, if affirmed, would have undermined the Bankruptcy Code's statutory protections intended to encourage parties to transact with debtors in bankruptcy.
10 minute read

New York Law Journal

Realty Law Digest

In this week's Realty Law Digest column, Scott Mollen discusses "Matter of Barnes Rd. Area Neighborhood Assn. v. Planning Bd. of the Town of Sand Lake," where it was held that the court could not use its own judgment to overrule the determination by the town's planning board, and "Gunsalus v. County Of Ontario," where a home's sale at foreclosure was set aside because it was determined to be not a transfer for a reasonably equivalent value.
16 minute read

The American Lawyer

Costly Paper: Kirkland & Ellis Outpaces Competitors on Printing Fees

Office Depot customers pay less per page than clients of Kirkland and Skadden, analysis shows. But some Big Law firms are increasingly reevaluating the need to charge for in-house printing services at all.
4 minute read

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