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Daily Business Review

Revlon Files Bankruptcy as Supply-Side Woes Prove Breaking Point

Revlon said that it has lined up $575 million of so-called debtor-in-possession financing from existing lenders to fund itself during bankruptcy.
3 minute read

Daily Business Review

Winston & Strawn Nabs Miami Partners From McDermott and Jones Day

McDermott bankruptcy partner Craig Rasile and Jones Day M&A partner Nicholas Rodriguez continue Winston & Strawn's Miami expansion, which started in May when the firm launched an office with six local partner hires.
2 minute read

Delaware Business Court Insider

'In re Kidbox.com': The 1-2-3's of Obtaining Stay Relief in ABCs

Strangers to the insolvency profession might be surprised to learn that it is often expensive to go bankrupt. Indeed, the high cost associated with obtaining relief under Chapter 11 of the federal Bankruptcy Code is a routine criticism of the federal bankruptcy scheme and an issue many commentators argue is ripe for reform.
6 minute read

Law.com

Talc Claimants Move to Lift Bankruptcy Stay After Judge Mulls Possible Trials

The Official Committee of Talc Claimants, or TCC, sought to lift U.S. Bankruptcy Chief Judge Michael Kaplan's order granting a preliminary injunction on all 38,000 talcum powder cases. A hearing is Tuesday.
5 minute read

New York Law Journal

COVID Release and Motion To Vacate Denied, Permission To Amend Reversed

In this edition of their Eastern District Roundup, Harvey M. Stone and Richard H. Dolan report on several recent and significant representative decisions, including denial of a prisoner's application for compassionate release based on COVID concerns; denial of plaintiffs' motion to vacate a judgment against them, dismissing their claims under the Anti-Terrorism Act; and reversal of a decision permitting a debtor to amend her complaint.
9 minute read

The Legal Intelligencer

Mandatory Cost-Shifting for Compliance With Nonparty Subpoenas?

A recent letter ruling by the Delaware Bankruptcy Court in Mesabi Metallics v. Cleveland-Cliffs, may provide some relief to a nonparty, and change a party's cost-benefit analysis when deciding whether to issue a third party subpoena.
6 minute read

Supreme Court Brief

$100 Million Refund? | What's Up With WhatsApp? | How Conservative? Very

Supreme Court decisions don't always answer every question raised by those who sought the justices' review. That was the result in a bankruptcy case decided on Monday. The justices left unanswered one potentially very expensive question and another fundamental one.
9 minute read

New York Law Journal

Corporate Restructuring & Bankruptcy

In this Special Report: "Texas Two-Stepping Mass Tort Claimants," "Opportunities for Lenders in Financing Bankruptcy Acquisitions," "Legislation Expanding Subchapter V Bankruptcy Eligibility Awaits Congressional Vote" and "Another Look at Make-Whole Provisions in Bankruptcy: Drafting Matters."
1 minute read

New York Law Journal

Texas Two-Stepping Mass Tort Claimants

This strategy is intended to preserve and protect the legacy entity's assets and going concern value against overwhelming mass tort claims while creating a single forum to resolve mass tort claims fairly and equitably.
8 minute read

New York Law Journal

Legislation Expanding Subchapter V Bankruptcy Eligibility Awaits Congressional Vote

If BTATCA is passed and the subchapter V bankruptcy debt limit is restored to $7.5 million, it will be considered by many as a transformative step for the future of small business bankruptcies across the country.
7 minute read

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