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Delaware Business Court Insider

Ex-Employees Say AIG Subsidiary's Chapter 11 Filing Is 'Abuse of the Bankruptcy Process'

The move was aimed at maintaining AIG's interest while giving the employees, the only non-insider creditors identified to date, less than 0.02% of what they're seeking in a Connecticut Superior Court case.
3 minute read

The American Lawyer

Sullivan & Cromwell Approved in FTX Bankruptcy Despite Objections From Creditors, Former Compliance Officer

Former chief compliance officer Daniel Friedberg filed an eleventh-hour declaration against the law firm's retention.
3 minute read

New York Law Journal

To Call or Not to Call (a Non-Monetary Default)?

In their Real Estate Financing column, Jeffrey Steiner and Megan Vallerie discuss the question of whether or not the exercise of remedies by a lender following a non-monetary event of default is enforceable.
7 minute read

Delaware Business Court Insider

FTX Creditor Names Remain Redacted as Recovered Funds Reach $5B

Delaware Bankruptcy Judge John T. Dorsey decided to continue allowing FTX to redact creditors' names from filings for three more months. The three-month window is half of what the debtors requested.
3 minute read

The American Lawyer

2023 Bankruptcy Outlook: Rising Interest Rates Lift All Restructuring Practices

"I haven't seen this volume of assignments since the crash of 2008 and 2009," said White & Case global restructuring head Thomas Lauria.
6 minute read

The Legal Intelligencer

CFPB Reminds Consumer Reporting Agencies to Toss 'Junk Data' in the Trash

With the industry showing little progress in eradicating this problem, the U.S. Bureau of Consumer Financial Protection (CFPB), recently released an advisory opinion reminding CRAs that they have an obligation under the U.S. Fair Credit Reporting Act (FCRA) to screen for and eliminate this "junk data" from consumer reports.
8 minute read

Daily Business Review

Choosing Where to Enforce a Federal Judgment in Florida

A federal court has entered a judgment in your client's favor. Your client seeks to enforce the judgment against the judgment debtor's assets in Florida. Now what?
6 minute read

New York Law Journal

Foreign Country Money Judgment Actions Now Face Due Process Hurdle in New York

Foreign judgment creditors may now consider domesticating their judgments in states with broader recognition than New York, and foreign judgment debtors may now consider whether any foreign judgment against them is compatible with due process under New York standards.
8 minute read

Delaware Business Court Insider

Segway Sues Former VP Over $5M in Uncollected Receivables

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

Delaware Business Court Insider

Court Opts to Keep Those Owed Most by FTX Anonymous, for Now

Attorneys said while they plan to begin liquidating FTX's assets as quickly as possible, a significant portion of those assets have been stolen or are otherwise not accounted for.
3 minute read

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