Executive Summary:
On January 30, 2023, the U.S. Court of Appeals for the Third Circuit (the “Court”) issued an opinion in In re LTL Management, LLC, No. 22-2003, 2023 WL 1098189, at *1 (3d Cir. Jan. 30, 2023) (“LTL...more
2/10/2023
/ Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Liability ,
Debt ,
Financial Distress ,
Good Faith ,
Johnson & Johnson ,
Mass Tort Litigation ,
Pharmaceutical Industry ,
Popular
On May 20, 2021, the Illinois Supreme Court finally put to rest a long-simmering challenge to the validity of around $14 billion of Illinois general obligation bonds. The Supreme Court unanimously affirmed, albeit on...more
On August 6, 2020, an Illinois appellate court ruled that a petition by political activist John Tillman seeking leave to invalidate approximately $16 billion of Illinois’s general obligation bonds (“GO Bonds”) should be...more
On August 29, 2019, an Illinois court denied a petition by a political activist and a hedge fund seeking leave to file a lawsuit claiming that approximately $16 billion of Illinois’s general obligation bonds (“GO Bonds”) were...more
9/5/2019
/ CDS ,
Constitutional Challenges ,
Debt ,
Financial Obligations ,
Fixed Operating Expenses ,
Municipal Bonds ,
Municipal Securities Issuers ,
Municipalities ,
Retroactive Application ,
State and Local Government ,
State Budgets ,
State Constitutions