Cross-border bankruptcy filers have a clearer path to import restructuring tools into the US after a Delaware federal judge reinforced that foreign proceedings aren’t required to adhere to domestic laws.
A Jack Nicklaus golf services business will sell its jet for nearly $7.4 million to a Texas-based company as part of its bankruptcy case.
Bankrupt auto-parts maker
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.
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.
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.
A growing number of Federal Reserve officials worried the Iran war could further stoke inflation and wanted to make clear following their March meeting that the central bank may have to consider raising interest rates.
The Archdiocese of New York late last year sought authority from its insurer to discuss settling as many as 1,700 child sex abuse claims for up to $2 billion as part of high-stakes negotiations.
The Eighth Circuit’s bankruptcy panel barred a man who isn’t an attorney from representing his wife in a bankruptcy matter because it would be unauthorized practice of law in North Dakota.
Bal Harbour Shops LLC, an outdoor shopping center in Miami, asked to lift certain bankruptcy protections for Saks Global Enterprises LLC in order to proceed to trial in a long-running eviction suit seeking six years of unpaid rent.
After a court’s dismissal of a parallel securities fraud class action, an investor is dropping an accounting-related lawsuit brought on behalf of now-defunct furniture and appliance retailer Polished.com against its leaders.
Borrowers are rushing back to markets as a
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A trade that went from niche to one of the
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