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How A NJ Clergy Abuse Probe Will Reshape Defense Strategy
The New Jersey Supreme Court has cleared the way for a grand jury to investigate clergy abuse claims, bringing forward a rarely used prosecution tool that experts say will have reverberations on the strategies taken by lawyers representing powerful individuals and institutions even beyond the Catholic Church.
Under The Radar: Bankruptcy News You May Have Missed
Failed cryptocurrency lender Genesis Global told a New York bankruptcy judge its parent company was attempting to "usurp" its control over prosecuting estate causes of action, asking the court to allow the debtor to enforce its rights. Meanwhile, the debtor entity of The Dolphin Co., an aquatics park operator, accused the firm's CEO of diverting its revenue, and the Chapter 11 case of chicken joint chain Sticky's was converted to a liquidation.
Pages From Restructuring History: BigLaw And Bankruptcy
Bankruptcy is a BigLaw menu item staple, with most large law firms having practice groups dedicated to in-court and out-of-court restructurings. But that wasn't always the case.
How A NJ Clergy Abuse Probe Will Reshape Defense Strategy
The New Jersey Supreme Court has cleared the way for a grand jury to investigate clergy abuse claims, bringing forward a rarely used prosecution tool that experts say will have reverberations on the strategies taken by lawyers representing powerful individuals and institutions even beyond the Catholic Church.
Under The Radar: Bankruptcy News You May Have Missed
Failed cryptocurrency lender Genesis Global told a New York bankruptcy judge its parent company was attempting to "usurp" its control over prosecuting estate causes of action, asking the court to allow the debtor to enforce its rights. Meanwhile, the debtor entity of The Dolphin Co., an aquatics park operator, accused the firm's CEO of diverting its revenue, and the Chapter 11 case of chicken joint chain Sticky's was converted to a liquidation.
Pages From Restructuring History: BigLaw And Bankruptcy
Bankruptcy is a BigLaw menu item staple, with most large law firms having practice groups dedicated to in-court and out-of-court restructurings. But that wasn't always the case.
Expert Analysis
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Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators... (more story)
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four for... (more story)
While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopard... (more story)
Large Cap More
Insolvent hospital operator Steward Health has sued former leaders of the business — including a surgeon who stepped down as CEO last year — in connection to its Chapter 11, alleging they executed a series of ... (more story)
Medicine supplier McKesson Corp. disputed that it has to assign its antitrust claims against drug manufacturers to the bankruptcy trust from the first Chapter 11 case of Rite Aid Corp., which has argued that t... (more story)
A New Jersey federal judge on Thursday denied Johnson & Johnson's bid to remove the Beasley Allen Law Firm from the plaintiffs steering committee in the multidistrict talc litigation but said that changes woul... (more story)
The federal government's bankruptcy watchdog told a Texas federal judge that under the Seventh Amendment, Jackson Walker LLP isn't entitled to a jury trial in its fee dispute stemming from a former bankruptcy ... (more story)
Linqto shareholder Sapien Group told a Texas bankruptcy judge on Wednesday that the investment platform's Chapter 11 filing this month is a "quintessential example" of forum shopping that was designed to evade... (more story)
A New York federal court has dismissed a Deutsche Bank suit claiming a Boston portfolio management firm is demanding unreasonable terms to close the acquisition of $906 million worth of claims in Lehman Brothe... (more story)
A group of insurance carriers that issued coverage to Avon has asked the Delaware bankruptcy court to dismiss or convert the cosmetics company's Chapter 11 case, arguing the debtor filed its petition in "bad f... (more story)
LifeScan Global Corp., a company that makes blood glucose monitoring devices, has filed for Chapter 11 protection in Texas bankruptcy court with $1.7 billion of debt and a plan supported by its private equity ... (more story)
A group of judges and bankruptcy experts told a congressional panel Tuesday that a reset is needed for the eligibility cap for Subchapter V bankruptcies and the standards for discharging student loan debt.
A New York bankruptcy judge said Tuesday that he would try to reach a decision quickly on cryptocurrency exchange Gemini's motion to enforce a settlement it reached last year with bankrupt former cryptocurrenc... (more story)
Mid Cap More
The bankrupt organizer of a botched Connecticut music festival known as Capulet Fest has agreed to pay up to $50,000 in restitution to ticket buyers to settle an investigation into possible violations of state... (more story)
A Delaware bankruptcy judge on Thursday converted the Chapter 11 case of One Table Restaurant Brands LLC, which operated restaurant chains Tender Greens and Tocaya, to a Chapter 7 liquidation, saying her conce... (more story)
A New York bankruptcy judge on Thursday extended U.S. recognition to the insolvency proceedings of Brazilian sugar producer and distributor Virgolino de Oliveira SA after hearing the company has won approval f... (more story)
Work wear and healthcare apparel retailer Work N Gear filed an emergency Chapter 11 petition late Wednesday, accusing a creditor of "heartless conduct" in sweeping funds out of accounts set aside to pay employ... (more story)
Cullen and Dykman LLP has told a New York bankruptcy judge there was no conflict of interest preventing Sysorex, an insolvent government information technology company, from retaining the law firm, contending ... (more story)
A Texas bankruptcy judge gave Scanrock Oil & Gas permission Wednesday to send its Chapter 11 plan out for a creditor vote after the hydrocarbon driller answered objections by giving royalty owners a claim on p... (more story)
A company that runs casinos and other gambling venues in three states received a Texas bankruptcy judge's permission Tuesday to make an initial draw of $8.5 million from a Chapter 11 financing package its exis... (more story)
Heritage Coal, together with its former owner and general manager, has agreed to dismiss a lawsuit it brought against them in Delaware bankruptcy court to try to invalidate liens the ex-executives put on its assets.
Lowenstein Sandler LLP announced this week that a New Jersey bankruptcy partner who helped build the practice group into a nationwide force in sexual abuse-related bankruptcies will serve as co-chair.
The estate of One Table Restaurant Brands LLC, the former operator of casual restaurant chain Tender Greens and Mexican eatery Tocaya, defended its bid to dismiss its Chapter 11 case after the U.S. Trustee's O... (more story)