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News and information on bankruptcy and bankruptcy law
By Mark Goddard | December 3, 2008
Companies need to act now to ensure they are prepared in the event of a trading partner becoming insolvent, warns Norton Rose litigation partner Radford Goodman.
1 minute read
By Mark Goddard | September 22, 2007
The dramatic collapse of investment banking giant Lehman Brothers rocked financial markets around the world, as the credit crunch claimed its most high-profile victim to date. The days that followed saw a flurry of action as the financial world scrambled to make sense of events. Here's how Legal Week reported the post-Lehman fallout.
1 minute read
By Charles M. Tatelbaum and Christina V. Paradowski | November 19, 2021
With the increase and proliferation of Native American and other casinos, as well as the advent of internet sports gambling, many of those suffering substantial losses are turning to a bankruptcy filing in order to obtain a "fresh start" by filing a Chapter 7 liquidation bankruptcy proceeding.
5 minute read
By Charles Toutant | November 17, 2021
"At best, this failure is the result of novel accounting; at worst, and more likely, the debtor is attempting to shield its assets from creditors while simultaneously failing to abide by this court's cash management order," the creditors' committee said in its contempt motion in the Diocese of Camden Chapter 11 proceedings. "These actions cast doubt on the integrity of this bankruptcy process and warrant immediate remedial action by this court."
4 minute read
By Paula Seligson and Jack Pitcher | November 17, 2021
Hertz is in the process of cleaning up its balance sheet after emerging from bankruptcy in June and relisting on Nasdaq earlier this month, where the company raised $1.3 billion.
3 minute read
By Amanda Bronstad | November 16, 2021
At a brief hearing on Tuesday, a bankruptcy judge allowed Chicago-based Edelson PC to pursue its embezzlement lawsuit against Erika Girardi, the estranged wife of Tom Girardi.
4 minute read
By Kenneth Artz | November 15, 2021
In bankruptcy, two underlying primary reasons for forum selection are (i) differing case law at the Circuit Court level, and (ii) certainty and predictability of outcome for the particular type of reorganization plan needed by the chapter 11 debtor.
13 minute read
Delaware Business Court Insider
By Kenneth Artz | November 15, 2021
In recent years, the Southern District of Texas and the Eastern District of Virginia have joined the Southern District of New York and District of Delaware as preferred jurisdictions for large corporate debtors to file for bankruptcy. These jurisdictions are sometimes referred to as "magnet jurisdictions."
13 minute read
Delaware Business Court Insider
By Ellen Bardash | November 15, 2021
Sontchi is set to take on the role of an international judge focusing on insolvency matters for the Singapore International Commercial Court while privately continuing mediations and arbitrations in Delaware after retirement.
2 minute read
Delaware Business Court Insider
By Amanda Bronstad | November 11, 2021
Two related bankruptcies were in nearby Delaware, and about 35,000 of the lawsuits were in multidistrict litigation in New Jersey.
5 minute read
By Amanda Bronstad | November 11, 2021
The trustee replaced Richards, a Beverly Hills attorney, two days after he was accused of conducting a "bizarre shakedown" to make way for a settlement with Tom Girardi's estranged wife, Erika Girardi.
4 minute read
By Rudolph J. Di Massa Jr. and Elisa Hyder | November 11, 2021
In Burton v. Maney (In re Burton), 610 B.R. 633 (B.A.P. 9th Cir. 2020), the Bankruptcy Appellate Panel of the U.S. Court of Appeals for the Ninth Circuit…
8 minute read
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The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The Daily Report is honoring those attorneys and judges who have made a remarkable difference in the legal profession.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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