A New York bankruptcy court judge on Monday gave Sears permission to sell $900 million in internal debt after the retail giant and an objecting creditor said they had settled their differences about the proposal.
The European Commission has blessed the proposed buyout of bankrupt Essar Steel of India by steel giants ArcelorMittal SA and Nippon Steel & Sumitomo Metal Corporation, finding the three companies’ product ranges do not overlap much in Europe.
Prosecutors on Monday urged a New York state court not to dismiss sexual assault charges against Harvey Weinstein, saying the dismissal of one of the six counts does not affect the rest of the indictment against him.
The co-founder of a defunct public air charter operator launched her second bid for a new trial in the government's case alleging she and others stole millions of dollars that passengers prepaid for flights, citing "exculpatory documents" that have materialized since she was convicted by a jury.
Bridal retail giant David's Bridal Inc. entered Chapter 11 in Delaware bankruptcy court on Monday with a proposed restructuring support agreement for a debt-for-equity swap in place, citing financial strain caused by its roughly $800 million in debt, most of which is set to mature in the next year.
Aralez Pharmaceuticals Inc. received permission from a New York federal judge Monday to move forward with a work performance bonus program that could pay nine company executives up to nearly $4.1 million while the drugmaker is in bankruptcy, overcoming opposition from a committee of unsecured creditors.
A New Jersey state appeals court ruled Monday that Trenk DiPasquale Della Fera & Sodono PC was entitled to unpaid legal fees from a construction business for underlying litigation but not additional attorneys’ fees for the firm’s collection efforts, saying a trial court must reexamine the interest awarded on the outstanding bills.
Two U.S. labor unions have hit Puerto Rico's government and its federally appointed oversight board with a lawsuit for failing to put the pension deposits for tens of thousands of public employees into proper accounts and instead “stashing” the money in non-interest bearing accounts at a scandal-plagued bank.
The trustee for Bernie Madoff’s fraudulent investment firm asked the Second Circuit on Friday to allow him to claw back Ponzi scheme proceeds transferred from foreign Madoff feeder funds, saying the efforts are a domestic application of U.S. law even if the money was sent overseas.
Sears is asking a New York bankruptcy court for permission to pay up to $25 million in executive incentive and retention bonuses, saying it needs to keep key employees focused on steering the company through its Chapter 11.
A New York bankruptcy judge said Friday that Brookfield Business Partners LP and the legal professionals winding down Westinghouse Electric Co.'s Chapter 11 estate need to provide more information before he can rule on a disputed $134 million transferred to Brookfield when it bought the distressed contractor.
A Delaware bankruptcy judge on Friday postponed action on Starion Energy Inc.’s attempt to bar Massachusetts from potentially retaining millions of dollars of its assets as the state pursues a consumer protection action against the company for alleged deceptive marketing practices.
U.S. Treasury Secretary Steven Mnuchin should not be hindered by Relativity Media’s Chapter 11 case from seeking $207,000 in reimbursement from a directors and officers insurance policy maintained by the studio, a New York bankruptcy judge ruled Friday, saying the former company co-chairman appears covered by the policy.
A day after declaring bankrupt aircraft manufacturer One Aviation Corp.'s post-petition financing was insufficient to fund its Chapter 11 case and questioning the motivations of the lender, unsecured creditors are now asking the Delaware bankruptcy court to make the debtors seek a sale of the company's assets.
Movie mogul Harvey Weinstein filed a motion Friday in Delaware bankruptcy court again seeking the production of documents from the purchaser of the movie studio he co-founded, saying records dealing with his film and television projects are his personal property and have not yet been turned over to him.
The newest round of hires in the health and life sciences industries have found homes at Quinn Emanuel Urquhart & Sullivan LLP, Goodwin Procter LLP, Ropes & Gray LLP, Nelson Hardiman LLP, Nichols Liu LLP, K&L Gates LLP, Manatt Phelps & Phillips, Sumner Schick LLP and a handful of companies in need of GCs.
Bedding retailer Mattress Firm Inc. breezed through its Chapter 11 confirmation hearing Friday in Delaware bankruptcy court after resolving dozens of objections to its proposed reorganization plan in the days and hours leading up to the approval proceeding.
Mark Migdal & Hayden has grown its bench with the addition of a former Berger Singerman LLP partner and a former Genovese Joblove & Battista PA associate who bring experience handling real estate matters and bankruptcy proceedings and representing clients in the fields of franchise law and international arbitration.
The Consumer Financial Protection Bureau and Think Finance LLC asked a Montana federal judge on Friday to pause discovery in the agency's suit accusing the financial technology company of deceiving borrowers and using sham tribal lenders to collect money it wasn't owed, saying an end to the litigation is in sight.
National bridal dress chain David’s Bridal Inc. said it will be entering Chapter 11 in the “near future” with the aim of restructuring and shedding $400 million in debt without disrupting customers’ wedding preparations.
E-discovery is not easy, but employing these 10 strategies may help minimize future headaches, say Debbie Reynolds and Daryl Gardner of EimerStahl Discovery Solutions LLC.
The Eleventh Circuit’s decision this month in Kaye v. Blue Bell Creameries confirms that the prior requirement that new value must remain unpaid is no longer the law in the circuit, wiping out a valuable tool for debtors, trustees and post-confirmation estate representatives for avoiding and recovering preferential transfers, says Paul Avron of Berger Singerman LLP.
A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.
Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.
Delaware recently passed amendments to the Delaware Limited Liability Company Act that enable a new type of series of an LLC known as a “registered series.” The changes address historical uncertainty among secured lenders seeking to perfect a security interest, say R. Jason Russell and Sean Sullivan of Morris Nichols Arsht & Tunnell LLP.
A recent New York federal court ruling in the bankruptcy case of Relativity Media highlights the importance of disqualification of counsel disputes in bankruptcy matters. Attorneys must proceed with care when duties owed to both parties create a conflict of interest, says Claire Wu of SulmeyerKupetz PC.
While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.
The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC.
In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.
The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.