A California federal judge appeared open to tossing an investment firm's $500 million appeal challenging how Pacific Gas and Electric Co. must calculate post-bankruptcy interest on unimpaired claims after counsel for the firm didn't show up for a phone hearing Thursday, saying he takes the point that the parties agreed to settle the dispute.
Women who haven't settled their sexual misconduct allegations against former film mogul Harvey Weinstein objected Thursday in Delaware bankruptcy court to the Chapter 11 plan disclosure statement for Weinstein's movie studio, saying it devalues their claims.
Restaurant chain California Pizza Kitchen on Thursday received approval from a Texas bankruptcy judge for an equity swap Chapter 11 plan that will put it on track to drop $225 million in debt and a quarter of its locations.
A doctor who blew the whistle on Medicaid fraud will get another chance to argue that the Brewer Pritchard & Buckley PC attorneys representing him in a case against his former employer were juicing their fees at his expense, the Fifth Circuit has ruled in a unanimous published decision.
Bankrupt car rental giant Hertz Global Holdings Inc. received permission Thursday from a Delaware judge to borrow $1.6 billion to fund its operations through 2021 and finance needed fleet expansion purchases.
The trustee of bankrupt hospital owner Promise Healthcare Group has filed suit in Delaware federal court against the company's ex-CEO and other top executives, claiming they had used the company as a "pawn" in financial schemes for their own benefit.
Dunkin' Brands could be sold for nearly $9 billion, Las Vegas Sands is weighing the potential $6 billion or more sale of its Las Vegas casinos, and Guitar Center may have to file for bankruptcy. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Newly bankrupt cyber fraud prevention venture NS8 Inc. won partial court approval Thursday for an up to $10 million debtor-in-possession loan, after a Delaware bankruptcy judge labeled the deal economics "troubling" and rejected a prepayment penalty outright.
A New York federal judge on Wednesday affirmed a bankruptcy court decision dismissing a proposed class action accusing Montgomery McCracken Walker & Rhoads LLP of botching toxic tort claims against Tronox Inc., agreeing that the statute of limitations on the claims had expired.
A Florida bankruptcy judge on Wednesday gave movie theater operator Cinemex Holdings USA Inc. the nod to solicit votes on its Chapter 11 plan as it moves toward a scheduled confirmation hearing next month.
The First Circuit said Wednesday that several laws Puerto Rico passed cutting back benefits for public sector workers were reasonable ways to weather a fiscal crisis, shooting down two unions' legal challenge to them.
The Sixth Circuit has indicated it may be interested in reviving Delphi Corp. retirees' bid to save their pensions a week after President Donald Trump directed his administration to look into helping the former workers, who endured pension cuts of between 30% and 70% a decade ago.
Whether Purdue Pharma's unsecured creditors can stop the Sackler family from using corporate funds to pay a $225 million fine that's part of the $8 billion OxyContin settlement with the federal government will wait for parties to negotiate over the company's Ch. 11 plan, a New York bankruptcy judge said Wednesday.
Dairy Farmers of America urged a North Carolina federal court Tuesday to uphold a magistrate judge's order denying a bid to compel the discovery of documents from negotiations with the government over its purchase of Dean Foods' assets, saying they are irrelevant to Food Lion's lawsuit objecting to the deal.
Las Vegas, Nevada-based cybersecurity and fraud prevention business NS8 Inc. sought Chapter 11 protection in Delaware early Wednesday, saying it fell victim to its own fraud when a top officer allegedly overstated revenues in records used in part to attract $123 million from investors.
A Florida bankruptcy judge said Tuesday that the owner of two Minnesota movie theaters can seek an extension on part of a lien against the parent company of insolvent movie theater operator Cinemex Holdings USA Inc., but delayed ruling on Cinemex stock the parent holds.
The bankrupt parent of eatery chain Rubio's Coastal Grill received permission Tuesday from a Delaware judge to borrow $4.5 million of its debtor-in-possession financing despite her concerns that unsecured creditors had not yet had a chance to weigh in on the loan.
A representative of the bankrupt LeClairRyan PLLC on Tuesday hit UnitedLex with a $42 million lawsuit, accusing the legal tech giant of using a joint venture to drain the partnership's coffers and prolong its ultimate demise.
A group of Pittsburgh-area shopping centers on Tuesday accused lenders KeyBank NA and PNC Bank-affiliated Midland Loan Services of interfering in their relationships with retail tenants and threatening to take punitive actions against the centers even as they navigate through the COVID-19 outbreak.
Creditors of drugmaker Purdue Pharma on Tuesday asked a New York bankruptcy judge to bar the use of corporate funds to pay the $225 million that members of its former owning family owe the government under the $8 billion OxyContin sale settlement announced last week.
Bankrupt talc supplier Imerys Talc America's latest Chapter 11 disclosure "reeks of moral hazard" and potential conflict, according to an objection filed in Delaware on Monday by Johnson & Johnson, which is potentially on the hook for billions in debtor insurance claims.
The Chapter 7 trustee of a bankrupt Puerto Rican law firm is asking a federal judge to dismiss her mismanagement claims against the firm's former directors and officers, saying the parties and their insurers have reached a $2.2 million settlement.
Lloyd's of London must go to arbitration to resolve its latest dispute with Century regarding the now-bankrupt Boy Scouts of America's sexual abuse settlements, a Massachusetts federal judge reaffirmed on Monday.
The hemp company formerly known as GenCanna is asking the judge overseeing its bankruptcy case to slash a creditor's $33 million claim to a single dollar for the purposes of voting on the company's liquidation plan, saying the claim is flimsy and misleading.
Bankrupt movie theater chain Studio Movie Grill received permission from a Texas judge Monday to defer its lease obligations for 60 days to renegotiate its rent payments as it deals with a COVID-19-fueled cash burn of $3 million per month.
The tools of powerful political speeches — those with soaring rhetoric that convinces and moves listeners — can be equally applicable to oral advocacy, case strategy and brief writing, say Lauren Papenhausen and Julian Canzoneri at White & Case and former presidential speech writer Dave Cavell.
Former Georgia Supreme Court Chief Justice Robert Benham looks back at the racial barriers facing his first judicial campaign in 1984, and explains how those experiences shaped his decades on the bench, why judges should refrain from taking political stances, and why he was an early supporter of therapeutic courts that deal with systemic problems.
Although the so-called failing and flailing firm defenses to mergers are rarely successful before antitrust agencies, they could support consolidation during the COVID-19 crisis, and strong detailed economic evidence will be key to prevailing, say attorneys at Proskauer.
Parties must determine whether arbitration is better than litigation for their disputes amid pandemic-induced court delays by answering five key questions and understanding the importance of a clearly tailored arbitration clause, say attorneys at Goodwin.
Certain precautions can help lawyers avoid post-settlement malpractice claims and create a solid evidentiary defense, as settle-and-sue lawsuits rise amid pandemic-induced dispute settlements, say Bethany Kristovich and Jeremy Beecher at Munger Tolles.
If the U.S. Supreme Court decides to hear Deutsche Bank Trust v. Robert R. McCormick Foundation, concerning a Bankruptcy Code safe harbor provision, it would have to reconcile creditors' rights to challenge fraudulent transfers with the need for finality in securities transactions, say Justin Ellis and Lauren Dayton at MoloLamken.
Steps law firms can take to attract and keep the best lawyers amid the pandemic include diversifying expertise to meet anticipated legal demands, prioritizing firm culture, and preparing for prospective partners' pointed questions, says Brian Burlant at Major Lindsey.
Gerald Knapton at Ropers Majeski analyzes U.S. and U.K. experiments to explore alternative business structures and independent oversight for law firms, which could lead to innovative approaches to increasing access to legal services.
Christopher Jennison shares a view of his life working from home as a Federal Aviation Administration attorney preparing to first-chair a trial while splitting child care responsibilities with his lawyer wife.
Josephine Bahn shares a view of her life working from home as an attorney at the Federal Deposit Insurance Corporation while splitting child care responsibilities with her lawyer husband.
While last week's oral arguments in Chicago v. Fulton suggest that the U.S. Supreme Court will likely favor the city's right to retain possession of bankrupt owners' impounded vehicles, new city programs will provide additional options for relief to vehicle owners, says Ariane Holtschlag at the Law Office of William J. Factor.
To achieve long-term reduction in their legal expenses, companies must look beyond law firm hourly rates and better distribute their legal work among high-cost premier firms, low-cost practitioners and alternative legal service providers, and their own in-house teams, says Nathan Wenzel at SimpleLegal.
To build the ranks of female trial attorneys, law firms must integrate them into every aspect of a case — from witness preparation to courtroom arguments — instead of relegating them to small roles, says Kalpana Srinivasan, co-managing partner at Susman Godfrey.
It falls to senior male attorneys to recognize the crisis female attorneys face as the pandemic amplifies an already unequal system and to offer their knowledge, experience and counsel to build a better future for women in law, says James Meadows at Culhane Meadows.
The pandemic's disproportionate impact on women presents law firms with a unique opportunity to devise innovative policies that will address the increasing home life demands female lawyers face and help retain them long after COVID-19 is over, say Roberta Liebenberg at Fine Kaplan and Stephanie Scharf at Scharf Banks.