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New York Law Journal

Second Circuit Revives Jay Alix's RICO Claims Against McKinsey

The decision found that Alix made an early showing to support claims that he and his former firm, AlixPartners, had lost out on bankruptcy advising contracts after McKinsey failed to disclose conflicts in 13 restructuring cases.
4 minute read

Daily Business Review

Judge Signs Plan, Resolves Puerto Rico Bankruptcy Battle

Judge Laura Taylor Swain signed a plan that cuts Puerto Rico's public debt by 80% and saves the island more than $50 billion in debt service payments.
5 minute read

The American Lawyer

LeClairRyan Founder Dropped From Defunct Firm's Bankruptcy Fight

A trustee agreed to drop all outstanding claims against Gary LeClair, while LeClair agreed to drop all his counterclaims against the trustee.
2 minute read

The American Lawyer

Lazard Restructuring Director Joins Paul Weiss, Eyes Economic 'Headwinds'

While restructuring was slow in 2021 due to robust federal stimulus, newly minted Paul Weiss partner Kenneth Ziman sees troubling trends that point to a future downturn.
2 minute read

The American Lawyer

As Chapter 11s Slow, Hogan Lovells Restructuring Partner Jumps to Eversheds, Pivots Practice

Peter Ivanick and Lynn Holbert are rejoining old colleagues at Eversheds Sutherland to focus on their insurance insolvency practice.
2 minute read

New Jersey Law Journal

Circuit Split on Avoidance of Tax Foreclosure Sales: Will Supreme Court Settle the Issue?

If the Supreme Court eventually weighs in to resolve this circuit split, property owners, municipalities, and potential bidders for tax liens across the country will receive greater clarity on this critical issue.
6 minute read

Daily Business Review

How They Did It: Mary Brickell Village's Quick Bankruptcy Approval Could Be Blueprint for Borrowers With Equity

An attorney said the case served as a blueprint for commercial real estate borrowers that have equity or access to capital, but lenders are still aggressively exercising their perceived rights to enforce technical defaults under the loan documents.
3 minute read

The American Lawyer

As Demand Languishes, Bankruptcy Practices Market Their Services to Distressed Companies

Practice leaders are using the historic Chapter 11 slowdown to form teams around the companies and sectors most likely to go bankrupt by 2023.
6 minute read

New York Law Journal

McMahon Allows Immediate Appeal of Order Blocking $4.3B Purdue Pharma Bankruptcy Deal

U.S. District Judge Colleen McMahon rejected arguments from a consortium of states that an interlocutory appeal to the Second Circuit would delay resolution of Purdue's Chapter 11 case.
4 minute read

The American Lawyer

Despite December Uptick, Commercial Bankruptcies Remain Depressed

Big Bankruptcy's woes continued in December even as commercial Chapter 11 filings rose by 50% over November filings.
2 minute read

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