The U.S. Supreme Court closed its last session of the year on Dec. 4 by hearing oral argument in Harrington v. Purdue Pharma LP.
The issue to be resolved by the court is the scope of the authority of the bankruptcy court...more
Bankruptcy can be a remarkable tool for rehabilitating a struggling business, preserving jobs and going-concern value, and liquidating the assets of an insolvent company.
The drafters of this country's bankruptcy laws...more
10/13/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
Cannabis-Related Businesses (CRBs) ,
Chapter 11 ,
Controlled Substances Act ,
Debtors ,
Department of Justice (DOJ) ,
Dismissals ,
Liquidation ,
Motion to Dismiss ,
Recovery Plans ,
Shareholders ,
U.S. Treasury
The U.S. Court of Appeals for the Fourth Circuit recently approved injunctive relief as part of a strategy for settling mass tort claims through the Chapter 11 bankruptcy case of Bestwall LLC, an entity created by...more
7/6/2023
/ Adversary Proceedings ,
Appeals ,
Asbestos ,
Bankruptcy Code ,
Bankruptcy Court ,
Bodily Injury ,
Chapter 11 ,
Georgia Pacific ,
Indemnification ,
Injunctive Relief ,
Limited Liability Company (LLC) ,
Mergers ,
Occupational Exposure ,
Texas ,
Toxic Exposure
The United States Supreme Court recently answered the question of whether a debtor in bankruptcy can discharge a debt resulting from another person’s fraud, even if the debtor is not aware of the fraud. On February 22, 2023,...more