Lawyers React To Justices' Ruling On Bankruptcy Court Power

Law360, New York (May 26, 2015, 8:02 PM EDT) -- On Tuesday, the Supreme Court overturned a Seventh Circuit decision and held that bankruptcy courts have the authority to make final decisions on certain legal claims that help liquidate a debtor or adjudicate a bankruptcy proceeding. Here, attorneys tell Law360 why the decision in Wellness International Network Ltd. v. Sharif is significant.

Derek Baker, Reed Smith LLP

"If the decision from Stern v. Marshall was thought to open significant doors to challenge bankruptcy court adjudications, those doors appear to be slowly shutting over the last few terms with the decisions in the Executive Benefits Ins. Agency v. Arkison — where the...

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