Glansaol Holdings Inc., a holding company that owns three makeup brands, filed for Chapter 11 on Wednesday in New York bankruptcy court with roughly $18.5 million in debt, with plans to sell itself to AS Beauty LLC for $16 million.
The federal government is asking the U.S. Supreme Court to rule that a bankrupt brand owner cannot unilaterally revoke a trademark license, saying such a move would be like allowing a landlord to terminate a lease by "refusing to pay the cable bill."
A Delaware bankruptcy judge granted recognition of the German insolvency proceedings of homeware maker Alno AG Thursday, setting the stage for a dispute between the Chapter 15 debtor and its main creditors over Alno’s intention to seek discovery from those parties.
Criminal charges against Harvey Weinstein will go forward, a Manhattan trial judge said Thursday, clearing the way for a jury to hear claims by two women who say the former chief of the bankrupt Weinstein Co. film studio sexually assaulted them.
The Chapter 7 trustee for defunct cocoa company Transmar Commodity Group Ltd. filed suit in New York bankruptcy court Wednesday to claw back $1.5 million from a convicted former executive and roughly $860,000 from entities that may have played a role in the $350 million fraud scheme that destroyed Transmar.
A New York bankruptcy judge Wednesday gave Republic Metals Refining Corp.’s unsecured creditors permission to probe into how the company wound up with $70 million in nonexistent inventory on its books before it hit Chapter 11.
Aralez Pharmaceuticals Inc.’s troubled Chapter 11 case appeared to take a small step forward on Wednesday, as a New York bankruptcy judge signaled he was open to approving what counsel called a “weird” deal that would let the debtor close on a $110 million asset sale by the end of the year.
Bankrupt film distribution company Open Road Films LLC reached an agreement with its proposed buyer and a group of film producers over contract assumption issues to gain approval for its $85 million Chapter 11 assets sale Wednesday in Delaware.
The Chapter 11 successor of footwear retailer The Rockport Co. LLC received court approval Wednesday in Delaware for a plan of liquidation that will fund claim reserves for payment of administrative expenses and professional fees.
A Delaware judge on Wednesday approved replacement tire distributor ATD Corp.’s Chapter 11 debt-for-equity plan, clearing the way for the company to soon emerge from bankruptcy with its roughly $2.6 billion in debt reduced by about $1.1 billion.
The U.S. Department of Justice's bankruptcy monitoring program objected to The Fairbanks Co.'s pick to represent future claimants in its related Chapter 11 proceedings, the second time in recent months the department moved to block the selection of a trustee in an asbestos bankruptcy case.
The U.S. Securities and Exchange Commission has filed three more lawsuits against companies and individuals who allegedly sold unregistered securities in the $1.22 billion Ponzi scheme that drove Woodbridge Group of Cos. LLC to file for bankruptcy protection.
The judge presiding over the Chapter 11 case for Westmoreland Coal Co. issued a stern warning Tuesday that restructuring professional Jay Alix's allegations of fraud and insufficient disclosures leveled at McKinsey & Co. could lead to "huge ramifications," potentially ending careers.
Attorneys representing a group of women accusing movie executive Harvey Weinstein of sexual misconduct told a Delaware bankruptcy judge Monday that documents being given to Weinstein in the Chapter 11 case of his former studio should be subject to a protective order in a New York civil case against the mogul.
The Third Circuit has refused to disturb a bankruptcy court's liquidation of a legally embattled New Jersey college professor's assets in furtherance of a bank's long-stalled foreclosure on her home, ruling Monday that she never raised any "meaningful challenge" to the move beyond her disagreement with it.
A Delaware bankruptcy court has approved a $2.2 million settlement to end a dispute between the international distributor of British period crime television drama “Peaky Blinders” and the successor to the bankrupt The Weinstein Co. over the rights to the series.
A potential bidder for the assets of bankrupt cancer treatment center Oklahoma ProCure Management LLC filed an objection Monday to the company's proposed Chapter 11 sale, claiming the company has unfairly "tipped the scales" in favor of a stalking horse purchaser.
Sears Holding Corp. on Tuesday won approval from a New York bankruptcy judge for the sale of its home improvement business for $60 million, while telling the judge it is going ahead with the sale of the rest of its assets without a stalking horse bidder.
Anyone who thinks that legal ethics is a sleepy area of the law didn't live through 2018. The year saw major decisions about conflict waivers and defunct firm clawbacks, among other meaty topics, and enough head-shaking news springing from the special counsel probe into the presidential election to make one dizzy. Here, Law360 highlights some of the biggest ethics and professional conduct stories of 2018.
General counsel from various industries were forced into the spotlight and held publicly accountable this year — either because they allegedly behaved inappropriately or were accused of handling internal situations poorly — as the #MeToo movement swept through corporate America and its in-house law departments.
The recent case of Estelle C. Grainger v. Commissioner of Internal Revenue teaches an important lesson about how difficult the substantiation rules in Internal Revenue Code Section 170 can be for large-dollar noncash charitable contributions, says Bryan Camp, a professor at Texas Tech University School of Law.
After the U.S. Supreme Court's ruling last year in Kokesh, a number of companies have tried to challenge government agencies' authority to seek disgorgement absent express statutory authority. While courts have not directly addressed the open question, a recent decision in the F-Squared bankruptcy litigation came close, say Benjamin Mundel and Mackenzi Siebert of Sidley Austin LLP.
Jason Idilbi, former BigLaw associate and general counsel of the tech startup Passport Labs Inc., returns to Law360 to share recent thoughts on best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.
In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.
Although many courts permit substantive consolidation of a debtor and a nondebtor absent unusual circumstances, recent decisions have imposed significant practical limitations that effectively make such consolidation all but impossible, say R. Stephen McNeill and D. Ryan Slaugh of Potter Anderson & Corroon LLP.
Much time and attention have been focused on improving lawyers' abilities to communicate with and persuade juries in complex trials. But it is equally important to equip and prepare jurors to become better students in the courtroom, say attorneys with DLA Piper and Litstrat Inc.
While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.
With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.
I have spent nearly 10 years fighting in court for the rights of Lehman Brothers’ creditors. This arduous legal journey has yielded insights into weaknesses in our financial system and bankruptcy laws that could allow catastrophic losses to happen again, says Andrew Rossman of Quinn Emanuel Urquhart & Sullivan LLP.
In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.