On December 31, 2024, the Fifth Circuit Court of Appeals (the “Court”) struck down the controversial 2020 “uptier transaction” executed by Serta Simmons Bedding (“Serta”). The Serta case and several other state court and...more
6/24/2025
/ Appeals ,
Bankruptcy Court ,
Borrowers ,
Commercial Bankruptcy ,
Contract Disputes ,
Contract Terms ,
Credit Agreements ,
Debt Restructuring ,
Distressed Debt ,
Lenders ,
Liability ,
Loans ,
Private Equity
This alert provides information for borrowers with loans from Silicon Valley Bank (“SVB”) or Signature Bank (“Signature”) based on information available from the FDIC and our clients’ experiences over the last few days. We...more
3/14/2023
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Deposit Accounts ,
Deposit Insurance ,
Depository Institutions ,
Enforcement Actions ,
FDIC ,
Financial Institutions ,
Insolvency ,
Loans ,
Receivership ,
Silicon Valley
On Friday, March 10th, at the request of the California Department of Financial Protection & Innovation, the FDIC was appointed as receiver of Silicon Valley Bank (SVB). To protect insured depositors, the FDIC created the...more
On April 6, 2021, New York Governor Andrew Cuomo signed into law Senate Bill S297B/Assembly Bill 164B (the “New York Legislation”), which paves the way for a smoother transition from US Dollar LIBOR and, in particular,...more
4/29/2021
/ Alternative Reference Rates Committee (ARRC) ,
Benchmarks ,
Financial Regulatory Reform ,
Financial Services Industry ,
ICE Benchmark Administration (IBA) ,
Interest Rates ,
Legacy Contracts ,
Libor ,
Loans ,
New Legislation ,
Non-Delegation Doctrine ,
Preemption ,
Secured Overnight Funding Rate (SOFR) ,
Trust Indenture Act
Competitive gaming or esports has rapidly found its own place in the sports and entertainment landscape in recent years. By some estimates the esports industry will by 2022 have 300 million viewers and be on par with NFL...more
It’s hard to read the news these days without seeing the dramatic effect of COVID-19 on professional and collegiate sports. Among others, a number of professional athletes have opted out of their respective seasons, Major...more