Kelley Drye & Warren LLP
There are some really smart lawyers at the FTC. For over 40 years, they were able to convince the federal judiciary (and, let's face it, most of us) that the FTC had an authority...
Business Insider reports that the U.S. economy added 559,000 new jobs in May, a rate of job creation that, if maintained, will take another 15 months for U.S. jobs to surpass the pre-pandemic peak.
Troutman Pepper Hamilton Sanders
David Pisciotta and Alissa Piccione, attorneys in Troutman Pepper's Financial Restructuring and Insolvency Group, were published in the New York Law Journal for their article.
"A bankruptcy judge overseeing Sears Holdings Corp.'s case rejected the company's request to increase compensation for three advisers hired to recover money by filing lawsuits against the...
Shearman & Sterling LLP
Companies are increasingly incorporating securitization financings into their capital structure. This enables them to diversify their lender base, increase their borrowing capacity...
Allen Matkins Leck Gamble Mallory & Natsis LLP
The AME Zion Church of Palo Alto, Inc. was founded in 1918 and has occupied its sanctuary for over a half century.
Reuters reports that eleven U.S. airlines collectively issued $12.84 billion in cash refunds to customers in 2020 for flights canceled during the pandemic...
Steptoe & Johnson LLP
First Tuesday Update is our monthly take on current issues in judgment enforcement. A Delaware Chancery Court—for the first time by a Delaware Court...
Kane Russell Coleman Logan
Kane Russell Coleman Logan attorneys John Kane, Gordon Russell, Kyle Woodard and Kathleen Thompson authored an in-depth article titled Rejection: How Bankruptcy Courts' Treatment of Midstream...
Ward and Smith, P.A.
Subchapter V of Chapter 11 of the Bankruptcy Code, which took effect in February 2020, creates a more streamlined and less expensive Chapter 11 reorganization path for small business debtors.
Cades Schutte LLP
More than one year into the pandemic, with reopenings and vaccine rollouts moving forward, it appears that we are seeing the light at the end of the tunnel.
Bloomberg reports that shareholders in Latam Airlines Group SA's chapter 11 case have organized into an ad hoc committee and hired the same counsel that represented equity holders in Hertz.
On June 4, 2021, drafts of the new 2021 ISDA Interest Rate Derivatives Definitions and related documentation are scheduled to become public.
On April 19, 2021, the U.S. Supreme Court declined to hear the appeal of a landmark 2019 decision issued by the U.S. Court of Appeals for the Second Circuit regarding the applicability...
To encourage creditors, equity interest holders, indenture trustees, and unofficial committees to take actions that benefit a chapter 9 or chapter 11 estate..
In Stream TV Networks, Inc. v. SeeCubic, Inc., 2020 WL 7230419 (Del. Ch. Dec. 8, 2020), the Delaware Court of Chancery held that the assets of Stream TV Networks, Inc. ("Stream")
In In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled as a matter of first impression that "triangular setof...
It is generally recognized that a bankruptcy court has the power—either equitable or statutory—to recharacterize a purported debt as equity if the substance of the transaction belies the labels the
The Wall Street Journal reports on the winning bid in the 36-hour auction for control of Hertz in anticipation of its emergence from bankruptcy later this summer.
The Bankruptcy Court for the Northern District of Texas dismissed the National Rifle Association's ("NRA") bankruptcy case on May 11, finding that the case was not filed in good faith.