A dispute over a couple's $100,000 tax debt and penalties belongs in the U.S. Tax Court and not a bankruptcy court since most debts have been paid or discharged, the Seventh Circuit has ruled.
A $50 million offer from a joint venture of Tower Health and Drexel University to buy St. Christopher's Hospital for Children in Philadelphia from bankrupt operator Center City Healthcare LLC received court approval Monday in Delaware bankruptcy court.
Mortgage company Ditech Holding Corp. is asking a New York bankruptcy judge to approve a revised Chapter 11 plan, saying it has reached an agreement with its consumer creditors that will boost the ability of its mortgage holders to correct mistakes in their accounts.
A Texas federal judge sent a lawsuit that accuses the now-defunct Alliance of American Football of misleading players about its financial state to the bankruptcy court overseeing the league’s reorganization, saying Monday the suit is related to the Chapter 11 case.
A New York bankruptcy judge signed off Monday on Mexican telecommunications provider Maxcom's $130 million restructuring plan after the company reached a settlement with bondholders who had objected to the plan vote.
Omid Nasab of Cravath Swaine & Moore LLP has been in the middle of several high-profile bankruptcy cases over his career, including leading a team investigating liabilities in Pacific Gas and Electric's Chapter 11 proceedings, earning him a spot as one of the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.
The lead counsel in a class action claiming SunEdison Inc. misled shareholders about its financial health before filing for bankruptcy is asking a New York federal court to approve more than $15 million in attorney fees for its work in reaching a $74 million settlement with the company.
The College of New Rochelle filed for Chapter 11 bankruptcy protection Friday, a little more than a month after it closed its doors, according to a voluntary petition filed in New York bankruptcy court.
A power company whose contract to restore hurricane-damaged electric lines in Puerto Rico was canceled amid controversy in 2017 said Friday the island's utility can't restructure until it explains how it's going to pay the $126 million the company says it's owed.
Hospital operator Tower Health and Drexel University announced Friday that they have agreed to buy Philadelphia's St. Christopher's Hospital for Children from bankrupt Center City Healthcare for $50 million.
A bipartisan group of House lawmakers has introduced a bill that aims to end New York and Delaware’s long-standing dominance as bankruptcy hubs by forcing companies to file their restructurings where they conduct most of their business, after a nearly identical measure died last year in the Senate.
Elk Petroleum Inc. told the Delaware bankruptcy court Friday it has hashed out a deal as to how assets will be divvied up among its affiliated entities to resolve a challenge to its Chapter 11 waged by preferred equity holders during a long hearing that got off to a tense start.
Puerto Rico’s federally appointed oversight board is urging the U.S. Supreme Court to overturn the First Circuit’s decision that its members require Senate approval, saying their appointment and authority fall within constitutional bounds.
Chinese creditors of North Carolina-based Vertex Railcar Corp. have asked a Delaware bankruptcy court to force the troubled rail car builder into a Chapter 7 liquidation, claiming they’re owed roughly $45 million.
The last week has seen an investment banker sue his former Mishcon De Reya LLP lawyers following a failed lawsuit against Newcastle F.C.'s billionaire owner, a foreign exchange business drag the head of its Irish operations into court and an Enterprise insurance unit take action against its Greek brokerage arm. Here, Law360 looks at those and other new claims in the U.K.
PG&E Corp.’s bondholders have joined forces with wildfire victims to propose their own plan for California's largest utility to exit bankruptcy, one that puts more money — about $24 billion — toward wildfire claims, according to a motion filed Thursday in California bankruptcy court.
Candy chain Lolli & Pops Inc.’s parent company received Delaware bankruptcy court approval Thursday for a $7 million debtor-in-possession financing package as creditors continue to raise concerns that there may not be enough money to pay administrative costs in the Chapter 11.
Shipping conglomerate Singapore Post Ltd.’s two U.S. e-commerce units — Jagged Peak and TradeGlobal — have filed for bankruptcy after failing to find a buyer, saying years of underinvestment by their parent has led to mounting losses.
A New York bankruptcy judge has approved a $9.5 million settlement between health care provider TridentUSA and the U.S. government to end whistleblower suits claiming the company engaged in an illegal Medicare referral scheme.
Bankrupt drugmaker Purdue Pharma LP filed an adversary complaint late Wednesday in New York court seeking a stay of the pending litigation brought by various states, Native American tribes and individuals who did not agree to a settlement framework reached before the company filed for bankruptcy.
Sears buyer ESL Investments is looking to appeal a decision it says used “counter-factual” arguments to deny it billions in claims, a day after a group of Sears vendors asked a New York bankruptcy court to liquidate the retail giant’s remains before it runs out of cash to pay their bills.
As Purdue Pharma LP seeks to prevent states suing the drugmaker from getting around Chapter 11's automatic stay, a Massachusetts judge has said the company will otherwise have to face that state's suit seeking to hold it responsible for the opioid crisis.
Insys Therapeutics Inc. received bankruptcy court approval Thursday in Delaware for a sale of its controversial pain medication Subsys after the buyer agreed to limit its marketing and distribution efforts to end-stage cancer patients.
Johnson & Johnson talc supplier Imerys Talc America Inc. told a Delaware bankruptcy judge Wednesday that it would continue negotiations with tort claimants to get a consensual agreement on a $7.2 million settlement with insurance providers paying defense costs in thousands of personal injury suits.
Hogan Lovells announced Wednesday that retired U.S. Bankruptcy Judge Kevin J. Carey will become a partner in its business restructuring and insolvency practice on Oct. 1, joining the global firm after nearly 20 years on the bench, mostly in Delaware's busy bankruptcy court.
As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.
Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.
Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.
In PT Bakrie Telecom, the New York bankruptcy court provided a primer on several important issues to consider in a Chapter 15 foreign bankruptcy proceeding — most notably that the conclusion of a foreign proceeding doesn't necessarily prevent the later appointment of a foreign representative, say Dan Moss and Mark Douglas of Jones Day.
One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.
Proposed regulations released by the IRS last week would adversely affect many companies involved in M&A transactions and restructurings by substantially restricting their ability to use net operating losses and built-in gains after an ownership change, say attorneys at Paul Weiss.
After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.
The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.
If the Pacific Gas and Electric bankruptcy allows for the underestimation of tort creditors' claims to leave value for existing shareholders, it will represent an enormous failure that would call into question the fairness of our shareholder capitalism system, says researcher J.B. Heaton.
In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.
Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.
The Wayback Machine, which archives screenshots of websites at particular points in time, can be an invaluable tool in litigation, but attorneys need to follow a few simple steps early in the discovery process to increase the odds of being able to use materials obtained from the archive, says Timothy Freeman of Tanenbaum Keale.
The Judicial Conference Advisory Committee’s proposed addition to Federal Rule of Civil Procedure 7.1 needs to be amended slightly to prevent late-stage jurisdictional confusion in cases where the parties do not have attributed citizenship, says GianCarlo Canaparo at The Heritage Foundation.
The amended Federal Rule of Civil Procedure 37(e) provides explicit criteria for imposing sanctions when electronically stored information has been lost during discovery, but courts are still not consistently applying the new rule, with some simply ignoring it in favor of inherent authority, say Matthew Hamilton and Donna Fisher at Pepper Hamilton.