Robert Brown

Sep 26, 2024 | mondaq.com | Douglas Mintz |Peter Amend |Robert Brown

In their article published in the Journal of Bankruptcy Law titled, "Southern District of Texas Bankruptcy Court Finds LME Transactions Violated Credit Agreement, But Limits Recovery to Potential Claim in Robertshaw Litigation," Schulte Roth & Zabel partner Doug Mintz, special counsel Peter Amend and associate Robert Brown discuss a bankruptcy court decision holding that a prepayment of a term loan debt violated the plain terms of the credit agreement.

Jul 9, 2024 | mondaq.com | Douglas Mintz |Peter Amend |Robert Brown

On June 20, 2024, Judge Christopher Lopez of the United States Bankruptcy Court for the Southern District of Texas issued a highly anticipated decision rejecting one lender's ("Lender Defendant") request to void a prepayment made by the borrower, Robertshaw, to Lender Defendant in December 2023.

Jul 8, 2024 | srz.com | Douglas Mintz |Peter Amend |Robert Brown

AlertsOn June 27, 2024, in a highly anticipated ruling, the Supreme Court held that the Bankruptcy Code does not authorize the release of claims against non-debtors without the consent of affected claimants in a ruling springing from the Purdue Pharma bankruptcy.

Jan 30, 2024 | mondaq.com | Douglas Mintz |Robert Brown |Reuben E. Dizengoff

The Third Circuit reversed the Bankruptcy Court explicitly, holding that the Bankruptcy Code "mandates the appointment of an examiner to investigate FTX's management." The Court of Appeals rejected the Bankruptcy Court's ruling that the Bankruptcy Code, by permitting the Court to appoint an examiner "as is appropriate," gives the Court the flexibility to appoint no examiner in this case, holding that the Code mandates that the Court "shall" appoint an examiner provided the case at hand meets...

Aug 15, 2023 | mondaq.com | Douglas Mintz |Kelly Knight |Robert Brown

On July 28, 2023, Judge Michael Kaplan of the Bankruptcy Court for the District of New Jersey issued an opinion granting motions to dismiss LTL Management LLC's second chapter 11 case, finding that it was filed in bad faith due to a lack of imminent and immediate financial distress. See In re LTL Mgmt., LLC, No. 23-12825 (MBK), 2023 WL 4851759 (Bankr. D.N.J. July 28, 2023).