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New York Law Journal

The Broad Range of Amicus Arguments Advanced for and Against Nonconsensual Third-Party Releases in the 'Purdue' Appeal

Seven groups and one law professor submitted amicus briefs. Five of the amici support Purdue's appeal and three oppose.
10 minute read

Texas Lawyer

Bankruptcy Trustee Seeks Return of Fees Paid to Paul Weiss, Baker Botts, Nielsen IP

A Chapter 7 trustee in Houston filed a complaint on Friday alleging that the parent company of debtor QSI, an oil field services company in Houston, paid for legal services from Baker Botts with money from the debtor when it was struggling financially.
3 minute read

Law.com

Federal Judge Tosses Legal Malpractice Suit, Finding No 'Ulterior Motive' in Filing Ch. 13 Petition on Eve of Foreclosure Sale

"My position from day one was that if this outcome was different, it would basically put a thorn in the side of the bankruptcy practice—that bankruptcy practitioners would be nervous about handling cases such as this because of the automatic stay," said solo practitioner Constant S. Poholek Jr., who was sued after filing a Chapter 13 bankruptcy petition for a client on the eve of a foreclosure sale.
6 minute read

Law.com

Circuit Split Deepens Over Whether Bankruptcy Code Strips Tribal Immunity

Addressing a question of first impression, a divided panel of the U.S. Court of Appeals for the First Circuit has ruled that the U.S. Bankruptcy Code strips Native American tribes of their sovereign immunity.
4 minute read

International Edition

Davis Polk and Harneys Bring Luckin Coffee Out of Bankruptcy

Davis Polk & Wardwell and Harneys Westwood & Riegels have acted as U.S. and Cayman Islands counsel to Luckin Coffee on its scandal-plagued restructuring, successfully bringing the coffee chain—China's version of Starbucks—out of bankruptcy. Despite the scandal and expulsion from Nasdaq, the retailer has thrived.
4 minute read

Law.com

Private Student Loan Debt and the Exception to Discharge As Viewed Through the Eyes of the Circuit Courts

A summary of the factors that courts have considered and will likely continue to consider when addressing dischargeability of private student loans under the Bankruptcy Code, and a cautionary word for practitioners considering whether to put forth an argument to the contrary.
18 minute read

New York Law Journal

What Every Business Lawyer Should Know About the Bankruptcy Code's New Subchapter V

This article provides a discussion of what features of Subchapter V differentiate it from a regular Chapter 11 and make it more appealing to small businesses.
9 minute read

The Recorder

State Bar and Girardi Bankruptcy Trustee Reach Agreement on Access to Records

The state bar will pay for Girardi bankruptcy trustee Elissa Miller to sort through the former trial lawyer's records for documents that could show whether he used his connections at the bar to avoid public discipline.
2 minute read

Daily Report Online

Letter to the Editor: Georgia Legal Community Mourns Loss of Morton Levine

On behalf of the State Bar of Georgia, I would like to express condolences to the family, colleagues and many friends of longtime Atlanta bankruptcy…
1 minute read

Daily Business Review

Bilzin Sumberg Corporate and Finance Leader Leaves for CEO Role with Firm Client

After 22 years at Bilzin Sumberg, Jay Sakalo is leaving to oversee Scott Holdings LLC, a family office with institutional and private equity investments previously run by Bilzin client Steven Scott, M.D.
3 minute read

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