Bankruptcy

Boy Scouts Objects to Supreme Court Review of Bankruptcy Deal

The Boy Scouts of America opposed a group of abuse claimants’ petition to the US Supreme Court seeking to overturn its reorganization plan, which established a historic $2.4 billion settlement to compensate sex abuse survivors.

Genesis Healthcare Creditors Challenge Insider Sale, Move to Sue

Bankrupt nursing home giant Genesis Healthcare Inc.'s selection of an insider to acquire its assets has come under attack by creditors challenging the buyer’s secured debt and claimants seeking an independent examiner to investigate the auction.

First Brands’ Business Flails as Customers Don’t Know Who to Pay

As First Brands Group makes its way through bankruptcy court, the auto-parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay.

Altice International Asks Creditors for Copy of Cooperation Pact

Altice International has asked a group of secured creditors to send a copy of the cooperation agreement that binds them to act together in negotiations with the company before starting any potential discussions to restructure its balance sheet, according to a letter seen by Bloomberg.

Gol Bankruptcy Ruling Narrows Gap Over Liability Shield Consent

A federal judge’s decision to overturn a Brazilian airline’s litigation releases for nonbankrupt entities in its reorganization plan breaks from a popular finding among courts that a creditor’s silence means consent to the releases.

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Case Law Stresses Chapter 11 Curbs on Legacy Litigation Exposure

Chad Dale

Proskauer

Here’s How Accountants Can Evolve as AI Redefines the Profession

Ralph Carnicer

Filed

Curiosity Beats Credentials When Advancing Law Firm Interviews

Emma Larson

Freshwater Counsel

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.