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Apr 24, 2024 | 
feeds.feedblitz.com | Francis J. Lawall |Brenden Dahrouge |Amanda O'Brien |Lawrence J. Kotler
Embattled Philadelphia firm Sacks Weston agreed to put an end to its Chapter 11 proceedings on Wednesday, a month after creditor Virage Capital sought a dismissal on the grounds that the petition was filed in bad faith as a means to delay trial and forum shop in an ongoing dispute between the two parties.
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Mar 5, 2024 | 
feeds.feedblitz.com | Ellen Bardash |Francis J. Lawall |Brenden Dahrouge |Amanda Bronstad
With a newly formed committee saying it needs more time to get up to speed on the issue, Terraform will need to wait another week for a Delaware bankruptcy court ruling on whether it can continue funding its defense in a securities fraud trial.
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Mar 1, 2024 | 
lawjournalnewsletters.com | Francis J. Lawall |Brenden Dahrouge
BankruptcyCryptocurrencyRegulationThe Third Circuit recently held in 'In re FTX Trading' that the plain text of Section 1104(c)(2) mandates the appointment of an examiner under the specified conditions set forth. As a result, the FTX decision will carry significant implications for large and medium-sized bankruptcy cases.
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Feb 13, 2024 | 
feeds.feedblitz.com | Francis J. Lawall |Brenden Dahrouge |James Beck |David G. Mandelbaum
$100,000 Verdict Date of Verdict: Oct. 20. 2023. Want to continue reading? Become an ALM Digital Reader for Free! Benefits of a Digital Membership Free access to 1 article* every 30 days Access to the entire ALM network of websites Unlimited access to the ALM suite of newsletters Build custom alerts on any search topic of your choosing Search by a wide range of topics Already have an account? Sign In Now *May exclude premium content
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Feb 9, 2024 | 
feeds.feedblitz.com | Amanda O'Brien |Francis J. Lawall |Brenden Dahrouge |Aleeza Furman
Financial statements are one mechanism in which to provide insight into a company’s financial health. However, management may not be satisfied that this information clearly reflects their business, including how it is run. Therefore, to supplement financial statements, management may provide another view of their company by disclosing alternative financial measures. This alternative information cannot be used to distort reality and must be presented in accordance with specific rules and guidelines.
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Feb 9, 2024 | 
law.com | Francis J. Lawall |Brenden Dahrouge
Although Chapter 11 of the Bankruptcy Code allows existing management of a debtor to remain in control of its business, it imposes several oversight mechanisms to help ensure the integrity of the process. Two of the most common include the Office of the U.S. Trustee and an Official Committee of Unsecured Creditors. In addition, the code calls, under certain conditions, for the appointment of an independent examiner whose role can run from the very broad to extremely limited.
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Dec 1, 2023 | 
lawjournalnewsletters.com | Francis J. Lawall |Brenden Dahrouge
BankruptcyLitigationIn upholding the bankruptcy court’s determination that the payment of insurance proceeds could be such a transfer, the Fifth Circuit underscored the complex interplay between state law, bankruptcy law and the rights of creditors in bankruptcy proceedings. Section 547 of the Bankruptcy Code provides for the potential recovery of transfers of a debtor’s property occurring within 90 days of bankruptcy.
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Oct 26, 2023 | 
law.com | Francis J. Lawall |Brenden Dahrouge
Section 547 of the Bankruptcy Code provides for the potential recovery of transfers of a debtor’s property occurring within 90 days of bankruptcy. Typically, preference actions involve payments to vendors who previously did business with the debtor on credit. However, vendors are not the only ones who can be tangled up in preference litigation.
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Sep 1, 2023 | 
lawjournalnewsletters.com | Francis J. Lawall |Brenden Dahrouge
BankruptcyLitigationMass TortsChapter 11 cases involving mass tort and complex personal injury claims often require the resolution of novel legal issues that stretch the bounds of existing precedent. As these cases evolve, they can also impact claims against other debtors unrelated to the case at hand through court-approved injunctions, releases or settlements.
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Jul 28, 2023 | 
feeds.feedblitz.com | Brian Harris |Francis J. Lawall |Brenden Dahrouge |Brielle Brown
For any new attorney, the evaluative process can generate a range of emotions. For some, the prospect of receiving feedback is exciting. Others, however, experience feelings of anxiety and insecurity. For many attorneys of color, as well as those with a disability, different ethnicity or sexual orientation, the performance evaluation process tends to spawn mixed feelings. As a Black associate, there was only one question that came to my mind before my mid-year review.
