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Corporate Counsel

Tom Sabatino, an 8-Time Legal Chief, Off to New Adventures After Year-Long Run at Rite Aid

Sabatino helped the pharmacy chain navigate its way through a Chapter 11 bankruptcy restructuring that slashed its debt load.
2 minute read

New Jersey Law Journal

NJ Bankruptcy Chief Judge Discusses Court Process, Stability and the Importance of Having NJ Cases Filed in NJ

"It has always been a concern for me and my judicial colleagues (as well as the bar) that there have been Chapter 11 cases in which a company's headquarters or significant facilities and operations were in New Jersey, but the filings were elsewhere."
9 minute read

New Jersey Law Journal

Kirkland Is Increasingly Turning to NJ for Huge Chapter 11 Bankruptcies. Will Other Big Law Follow?

Exactly why the Garden State's bankruptcy court is increasingly being looked to for large bankruptcies is a multifactored question, but many point to the work of Chief Judge Michael Kaplan in helping the bench gain and spread a reputation for one that moves efficiently and effectively.
10 minute read

New York Law Journal

Distressed M&A: Surprises All Around Following a Creditor's Enforcement of a Pledge to Effect Change of Control

Beyond the precision that should be present in the pledge agreement, actually divesting control of a company may have unintended consequences.
10 minute read

Delaware Business Court Insider

Bayard Attorneys Speak at 2024 ABI Mid-Atlantic Bankruptcy Workshop

On Aug. 6, Bayard attorney Steven D. Adler spoke on an American Bankruptcy Institute Workshop (ABI) panel titled "Financial Distress/Good Faith."
2 minute read

International Edition

Businessman Accused of Misappropriating £150M Enlists Hogan Lovells

Thurrock Council has alleged that the businessman used the funds to buy "a private jet, a yacht and country estate in Hampshire".
2 minute read

Texas Lawyer

Chief Bankruptcy Judge Finds Ex-Judge David Jones Acted in Bad Faith in Connection With Informal Interview

Chief U.S. Bankruptcy Judge Edwardo Rodriguez of the Southern District of Texas issued an opinion on Friday sanctioning former U.S. Bankruptcy Judge David Jones to 7.5 hours of ethics-related continuing legal education.
5 minute read

The American Lawyer

How to Win at Restructuring in the Gilded Age of Private Credit

As private credit gobbles up market share from broadly syndicated loans, law firms not already steeped in direct lending are building multifaceted practices to avoid losing restructuring work to better-positioned peers.
7 minute read

Law.com

The Future Viability of 105(a) Injunctions Following the Supreme Court's Decision In 'Purdue Pharma'

Until now, a successful reorganization assumed the debtor could confirm a plan with nondebtor releases and injunctions based on less than full creditor consensus. Now that nonconsensual releases in Chapter 11 plans are no longer permitted, will debtors have a more difficult time obtaining a 105(a) injunction?
12 minute read

Daily Business Review

Medical Malpractice Suits in Limbo After Steward Health Files for Bankruptcy

Steward Health touts itself as the largest private, tax-paying hospital operator in the country. With 33 community hospitals across nine states and…
4 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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