Bankruptcy

McKinsey, Purdue Pharma Reach $125 Million Bankruptcy Settlement

Purdue Pharma reached a $125 million settlement with McKinsey & Co. resolving claims related to the consulting firm’s work on opioid marketing strategies.

Bankrupt Alabama Hospital Gets Nod for City’s $22.5 Million Deal

The city of Montgomery, Ala. secured court approval to provide $22.5 million in emergency funding to Jackson Hospital & Clinic Inc. to help the bankrupt health-care provider as it works to reorganize its operations.

MMA Law Accuses Louisiana Rival, Insurer of Bid to Dismantle Firm

Houston-based MMA Law Firm PLLC sued Louisiana’s Monson Law Firm, its founder, and Allied Trust Insurance Co., alleging a years-long campaign to dismantle the now-bankrupt firm and avoid paying millions of dollars in fees.

Vanderbilt Minerals Creditors Oppose Parent’s Liability Releases

Vanderbilt Minerals LLC’s junior creditors and the Justice Department’s bankruptcy watchdog opposed a settlement between the bankrupt industrial miner and its parent, R.T. Vanderbilt Holding Co., saying the claims being released are valuable to the estate.

Boy Scouts Fee Feud Isn’t Bankruptcy Issue, Mass Tort Firm Says

Mass tort plaintiffs’ firm Slater Slater Schulman LLP said a Delaware bankruptcy court lacks jurisdiction to adjudicate a feud with former clients seeking to terminate contingency fee arrangements stemming from the Boy Scouts of America bankruptcy.

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Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge

How Four Judges Kept Romance Allegations Quiet for Two Years

Bankruptcy Judge Tasked With Scandal Cleanup of ‘Adopted Son’

Bankruptcy Rules for Disclosing Relationships: Explained

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

Latest Stories

SpaceX Deal Lines Up $3 Billion in Tax Savings for EchoStar CEO

A splashy deal with SpaceX has helped send shares of telecommunications company EchoStar Corp. soaring more than 375% since early August, boosting the net worth of co-founder Charlie Ergen to $20.1 billion.

By Dylan Sloan

Pakistan in Talks With Saudi Arabia, China After UAE’s Loan Move

Pakistan is in discussions with Saudi Arabia and China for financial support to compensate for a loan of about $3 billion that Islamabad will be forced to pay back to the United Arab Emirates, people familiar with the matter said.

This Week in Chancery: SpaceX Investor, Endeavor, CD&R Accord

An investment company ousted from a group formed to take a slice of SpaceX will implore Delaware’s Supreme Court to reconsider a decision favoring the consortium’s leader, just as the Elon Musk company reportedly prepares for a historic initial public offering.

China Starts Bankruptcy Liquidation of Shadow Bank Zhongzhi

A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group Co. and its more than 300 affiliated companies, in a major step toward winding down one of China’s largest shadow banking conglomerates.

Surge in Hedge Fund Money Transforms an Old Insurance Market

Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.

Trump Blockade of Iran Ports Risks Widening War to High Seas

US President Donald Trump’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risks widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around the globe.

Trump Vows to Blockade Hormuz After US-Iran Peace Talks Fail

President Donald Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz and threatened to retaliate in the event of Iranian resistance, escalating a standoff that has already brought the waterway to a near standstill and disrupted global energy supplies.