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Latest News in Delaware

  • March 24, 2017

    Sanctions Warning Shadows Oxbow, Investor Doc Fights

    Days after a Delaware vice chancellor warned of sanctions if excessive discovery battles continue in a fight over the future of William I. Koch's Oxbow Carbon LLC businesses, a new skirmish opened around an Oxbow call for Chancery Court clarification of its most recent document release rulings.

  • March 24, 2017

    NY Law Applies In Chemtura Coverage Fight, Del. Justices Say

    Delaware's high court ruled Thursday that New York law applies to Chemtura Corp.'s entire dispute with Lloyd's of London underwriters over coverage for costs to clean up a pair of contaminated sites, overturning a lower holding that the laws of the states where the underlying claims arose should apply on a claim-by-claim basis.

  • March 24, 2017

    Samson, Magnum Hunter End $17M Claims Fight In Del. Ch. 11

    Samson Resources Co. withdrew more than $16.8 million in oil and gas well claims against a bankruptcy successor to Magnum Hunter Resources late Thursday, citing an earlier settlement deal to wind up loose ends trailing both companies' confirmed Chapter 11 reorganization plans.

  • March 24, 2017

    Paragon Investors Rip Del. Ch. 11 Disclosure, Projections

    Paragon Offshore PLC’s stockholders on Friday attacked what they characterized as manipulated projections of the bankrupt Houston company’s stability, outlook and ability to pay stockholder claims, and urged the U.S. trustee's office to form an official equity committee.

  • March 24, 2017

    Why Tribes Should Be Careful With Bankruptcy Practices

    In Casino Caribbean v. Money Centers last month, the U.S. Bankruptcy Court for the District of Delaware ruled that tribal sovereign immunity is not abrogated by Section 106 of the Bankruptcy Code. This decision makes it clear that many bankruptcy courts do not consider Native American tribes to be "governmental units," say attorneys with Holland & Knight LLP.

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