Womble Bond Dickinson has expanded its restructuring practice with the addition of Mark Eckard as a partner in its Wilmington, Delaware office. Eckard, a seasoned restructuring attorney, brings a wealth of experience to the firm, having represented clients in complex bankruptcy and insolvency proceedings. His move to Womble Bond Dickinson underscores the firm’s strategic focus…
Genesis Healthcare recently lodged a complaint against a former executive of its subsidiary, LTC ACO LLC, alleging the theft of corporate documents and trade secrets to establish a competing entity. This legal maneuver, initiated on August 25, underscores the increasing tension in the healthcare sector regarding the protection of proprietary information. The complaint, filed in…
The Delaware Chancery Court, known for its expertise in corporate law, recently witnessed a series of significant legal battles, showcasing its vital role in resolving complex commercial disputes. Last week, the court dealt with various issues, including corporate oversight, take-private deals, financing transactions, bankruptcy proceedings, stockholder voting rights, and control disputes. As the favored venue…
Galindo Law, a Houston-based personal injury firm, has filed for Chapter 11 bankruptcy after a legal dispute with a marketing company escalated over fees related to mass tort litigation involving water contamination at Marine Corps Base Camp Lejeune. The firm reported liabilities exceeding $50 million, as reported by this coverage. The controversy centers on a…
In recent years, the utilization of Canadian restructuring techniques has been observed with increasing interest within United States courtrooms, heralding a significant shift in cross-border insolvency management. This strategy, rooted in the Companies’ Creditors Arrangement Act (CCAA) of Canada, offers a flexible framework allowing companies greater ease in reorganizing their debts. Central to this approach…
Jackson Walker, a prominent law firm, is currently contesting an attempt by the U.S. Department of Justice’s bankruptcy watchdog to reclaim millions of dollars in legal fees. This dispute arises from a previously undisclosed relationship between a former partner at the firm and a Texas bankruptcy judge. The watchdog, officially known as the U.S. Trustee…
In a significant legal maneuver, families of the Sandy Hook Elementary School massacre victims are pressing the Texas Supreme Court to reverse an appeals court decision that currently protects Alex Jones’ Free Speech Systems LLC from having its assets seized. The ongoing legal battle stems from a $1.3 billion judgment against Jones, related to his…
In a recent legal twist, MMA Law Firm has made an assertive appeal to the Fifth Circuit, challenging a Texas federal district court’s decision involving hurricane damage litigation. The central issue revolves around jurisdictional authority, as MMA Law contends that the district court overstepped by reviewing an appeal from a bankruptcy court’s summary judgment in…
A New York bankruptcy judge has dismissed the Chapter 11 filings by two commercial real estate law firms associated with Mark J. Nussbaum. The court found these petitions were filed in bad faith, determining that they belonged in a state-level assignment for the benefit of creditors process in New York, rather than federal bankruptcy court…
Rebel Creamery, a known player in the keto-friendly ice cream market, has filed for Chapter 11 bankruptcy protection in Utah. This development follows a significant financial setback from a trademark lawsuit brought by Van Leeuwen, a competing ice cream company. The legal dispute culminated in a $24 million judgment against Rebel Creamery, a financial blow…
In a move aimed at strengthening its foothold in the bankruptcy and restructuring legal market, Troutman Pepper has welcomed Sean Higgins as a new partner to its Boston office. Higgins, a Massachusetts native, joined the firm at the beginning of August. His addition marks a strategic expansion of the firm’s bankruptcy and restructuring practice group,…
Squire Patton Boggs has announced the addition of Jamie Lashko as a partner in its New York office, focusing on restructuring. His expertise is expected to enhance the firm’s capabilities in corporate restructuring and bankruptcy, an area witnessing significant demand due to ongoing economic challenges. Lashko joins from Troutman Pepper, where he played a key…
Holland & Knight LLP is required to face adversary claims in Houston bankruptcy court following a Texas federal judge’s decision. The trustee for GWG Holdings Inc., a bankrupt life insurance bond seller, successfully argued that the law firm and one of its attorneys were involved in a racketeering conspiracy with the company’s former chairman. This…
In a ruling of interest to the legal community, a federal judge has denied Holland & Knight LLP’s request to dismiss a lawsuit alleging bankruptcy fraud. The suit, filed by a bond seller, hinges on accusations of misconduct during bankruptcy proceedings. The suit concerns claims that Holland & Knight, a well-known law firm, participated in…
Davis Polk & Wardwell LLP has initiated legal proceedings against Oasis Petroleum Inc., seeking $3.2 million in unpaid legal fees. The lawsuit, filed in New York state court, stems from services rendered during Oasis’s 2020 bankruptcy proceedings. According to the complaint, Oasis allegedly failed to settle invoices for legal work that the firm provided during…
In a noteworthy decision, Sidley Austin has successfully defended against a conflict of interest claim in the bankruptcy proceedings of Genesis Healthcare. The ruling, delivered in a Delaware court, enabled the prominent law firm to continue representing the distressed asset. The case has captured attention due to its implications for conflict of interest norms in…
Baker Donelson Bearman Caldwell & Berkowitz PC has expanded its Atlanta office by appointing Cheryl A. Geiser as of counsel, enhancing the firm’s immigration practice within its Labor & Employment Group. ([bakerdonelson.com](https://www.bakerdonelson.com/cheryl-a-geiser?utm_source=openai)) With nearly 25 years of experience in U.S. immigration law, Ms. Geiser specializes in employment-based immigration matters, including nonimmigrant and immigrant visa petitions,…
In a recent legal development, former attorneys from Neiman Marcus have raised concerns about their working conditions, highlighting issues within the luxury retailer’s legal department. These complaints have surfaced amid ongoing restructuring efforts following the company’s emergence from bankruptcy. The attorneys allege that they experienced significant workloads and pressure, which, they argue, created a challenging…
In a significant development in the legal industry, Jackson Walker LLP has settled for $15 million to address the allegations brought by a regional U.S. trustee. These claims involved concerns over bankruptcy fees that were approved by a judge who failed to disclose a romantic relationship with a partner at Jackson Walker. The settlement necessitates…
Israeli mobile gaming company Papaya Gaming, known for hosting millions of Solitaire and Bingo tournaments across its platforms daily, recently sought protection under Chapter 15 bankruptcy in a Delaware court. This legal maneuver follows a significant $719 million judgment issued by a New York federal court concerning allegations of false advertising. The move to file…
In the latest development within the realm of corporate restructuring, former bankruptcy judge Robert Drain, known for his role in the Purdue Pharma case, has transitioned to M3 Partners. M3 Partners, a restructuring advisory firm, welcomes Drain as a senior partner, a move that underscores his extensive experience and the evolving landscape of corporate bankruptcies….
On Wednesday, a legal ethics expert testified before a Florida jury, indicating that Simpson Thacher & Bartlett LLP’s representation of Patriot National Inc. could constitute legal malpractice. The testimony suggested that the firm’s handling of the insurance services company may have led to its declaration of bankruptcy. This raises questions about the fiduciary responsibilities of…
Baker Donelson has recently enhanced its bankruptcy practice by hiring prominent attorney A. Davis, formerly with Winstead PC, to join its Houston office. This strategic move underscores the firm’s commitment to bolstering its capabilities in handling complex bankruptcy cases, particularly in the wake of increasing financial distress scenarios among businesses. Davis, renowned for his deep…
In the landscape of bankruptcy proceedings, the definition of who qualifies as an “insider” plays a crucial role in the approval of professional retention. A recent case has shed new light on this topic, particularly concerning familial relationships. In this instance, a Chapter 11 debtor sought to retain an accounting firm under section 327(a) of…
Finch Therapeutics, a developer specializing in microbiome treatments, received conditional approval from a Delaware bankruptcy judge to proceed with soliciting creditor votes on its Chapter 11 plan. This decision marks a significant step forward in the company’s restructuring efforts under bankruptcy protection. The conditional approval of the disclosure statement, as reported by Law360, enables Finch…