Chicago-based law firm Hinshaw & Culbertson has expanded its footprint in New Jersey with the addition of four seasoned partners to its consumer financial services practice group in Iselin. The new partners, Marissa Edwards, Fred Hoensch, Robert Pollock, and Diane Ragosa, collectively bring decades of experience in financial services law, enhancing the firm’s capacity in…
Boies Schiller Flexner LLP has been unsuccessful in its attempt to have a lawsuit regarding approximately $654,000 in legal fees dismissed. These fees, paid by the embattled Chinese businessman Guo Wengui, are claimed by his bankruptcy trustee to have been fraudulently transferred. The decision was rendered by Judge Julie A. Manning of the US Bankruptcy…
The ongoing bankruptcy proceedings of Forever 21 have taken a complex turn as the Justice Department’s bankruptcy division has raised concerns regarding the involvement of the law firm Paul Weiss Rifkind Wharton & Garrison LLP. According to the statement, Paul Weiss holds adverse interests to Forever 21 Inc.’s US retail operator and, therefore, should be…
The legal dispute involving old Copper Company, formerly known as JCPenney, and the Texas law firm Jackson Walker LLP has taken another twist. The firm recently moved to dismiss a lawsuit stemming from its alleged failure to disclose a romantic relationship between a former partner and the judge overseeing JCPenney’s 2020 Chapter 11 restructuring. This…
Texas-based law firm Jackson Walker LLP finds itself embroiled in significant legal proceedings concerning the potential repayment of substantial fees following allegations of nondisclosure. A federal judge’s recent decision has shifted a series of cases from the bankruptcy court to the US District Court for the Western District of Texas, concentrating on whether Jackson Walker…
The U.S. Supreme Court has provided clarification on the interplay between federal bankruptcy law and state law, specifically in United States v. Miller, concerning a trustee’s ability to leverage state fraudulent transfer laws within a federal bankruptcy framework. The ruling denied the trustee’s attempt to reclaim funds based on Utah’s fraudulent transfer statute, with the…
The Connecticut Supreme Court has declined to review an appeal by Alex Jones concerning a $1.4 billion verdict against him. This verdict involves damages awarded to the families of Sandy Hook Elementary School shooting victims, who sued Jones for defamation due to his claims about the massacre. As a result, the decision stands as a…
The legal skirmish following the collapse of an oil barge company has taken a new turn, as Morton S. Bouchard III, the ousted CEO, filed an objection against the appointment of a special administrator to oversee litigation stemming from controversies linked to ex-bankruptcy Judge David R. Jones. The case revolves around Portage Point Partners LLC,…
In a recent legal development with significant implications for legal disclosure practices, the Department of Justice’s Bankruptcy Unit has taken decisive action by issuing subpoenas to former federal judicial employees. This move is centered around an upcoming civil trial that revolves around a former bankruptcy judge’s concealed relationship with a Texas attorney. The trial, slated…
Clifford Chance announced the addition of David Feldman as a partner and co-leader of its global restructuring and insolvency practice this Tuesday, marking a strategic move to bolster its capabilities in handling complex bankruptcy cases and restructurings. Feldman, previously with Gibson, Dunn & Crutcher, brings significant expertise in representing large credit funds, private equity firms,…
In a development concerning the contentious legal proceedings of Chinese businessman Guo Wengui, Brown Rudnick LLP has agreed to a settlement with Guo’s bankruptcy trustee. The legal services firm will pay nearly $8 million to resolve potential claims arising from its representation of Guo during his Chapter 11 bankruptcy case. This agreement follows a period…
Brown Rudnick LLP has reached an agreement to pay nearly $8 million to settle potential claims related to their previous work with convicted fraudster and Chinese exile, Miles Guo. This arrangement was made with the trustee handling Guo’s Chapter 11 bankruptcy case in Connecticut, as reported by Law360. This settlement marks a significant development in…
The Fifth Circuit recently examined the applicability of the Barton doctrine in a novel context, specifically considering whether a receiver appointed in a state court proceeding can be sued within a subsequent bankruptcy case involving the debtor, without obtaining prior court permission. This legal doctrine, originating from Barton v. Barbour, generally prohibits lawsuits against court-appointed…
Foley & Lardner LLP, a notable law firm, has bolstered its ranks by recruiting Adrienne Walker as a partner in its bankruptcy and business reorganizations practice group, as well as its health care and life sciences sector. This move places Walker in the firm’s Boston office, reflecting Foley & Lardner’s strategic decision to enhance its…
Jackson Walker LLP has reached a $760,000 settlement with a former bankruptcy client, resolving a dispute over fees. The settlement, which is pending approval by U.S. Bankruptcy Judge Christopher Lopez, may signal the beginning of multiple settlements associated with a contentious period involving a relationship between a former Jackson Walker partner and a former U.S….
In the latest development from the legal sector, Texas-based law firm Jackson Walker LLP is navigating the aftermath of a controversy involving a former partner and a judge. The firm has reached a settlement with the liquidation trustee of Basic Energy Services Inc. concerning its past failure to disclose a clandestine relationship between one of…
The recent Chapter 11 bankruptcy filing by 23andMe, a genetic testing company once lauded for its consumer services, has underscored mounting concerns surrounding genetic data privacy. This development, spurred by a disastrous data breach compromising the sensitive genetic information of millions, highlights the complexities and pitfalls in the handling of genetic data. For more detailed…
The ongoing legal debate involving Jackson Walker LLP has taken a new turn as the U.S. Trustee’s Office has reiterated its demand for a district court trial. The issue at hand is whether the Texas-based law firm should be compelled to return millions in fees. This arises from allegations of the firm’s previous failure to…
The United States Trustee, the watchdog of the Department of Justice’s bankruptcy proceedings, has voiced significant concerns over the efficiency of a Houston bankruptcy court’s approach in handling a contentious fee dispute involving Jackson Walker LLP. The core issue stems from the firm’s alleged failure to disclose a relationship between one of its former partners…
A recent study of racial disparities in personal bankruptcy results has reignited the debate over whether implicit bias affects the financial recovery prospects of minority debtors. The investigation suggests that Black debtors are more frequently dismissed without debt relief compared to White debtors. In particular, the data reveals that people of color who file for…
Glenn E. Siegel has joined Moore & Van Allen as a member of its bankruptcy and restructuring group, the law firm announced Tuesday. With a career steeped in assisting key stakeholders through complex bankruptcy proceedings, Siegel’s move reflects a strategic enhancement of Moore & Van Allen’s capabilities in insolvency matters. Siegel’s expertise extends to guiding…
In a significant legal development, U.S. Bankruptcy Judge Christopher Lopez has dismissed Johnson & Johnson’s third attempt at talc bankruptcy. The dismissal was grounded in “significant” irregularities observed in the voting process for a $10 billion confirmation plan. This case represents a pivotal moment in J&J’s ongoing legal battles over its talc products, which have…
In a significant decision affecting Johnson & Johnson, U.S. Bankruptcy Judge Christopher Lopez dismissed the company’s third attempt at resolving its talc-related liabilities through bankruptcy. The judge identified “significant voting and solicitation irregularities” in approximately half of the voting process concerning the $10 billion Chapter 11 plan. This dismissal marks another challenge for Johnson &…
The recent ruling by the US Supreme Court in United States v. Miller significantly narrows the scope of bankruptcy trustees in utilizing state fraudulent transfer laws to claw back pre-bankruptcy transfers. This decision, heralding an 8-1 victory for the IRS, may inadvertently encourage strategic misconduct by insiders seeking to shield assets from creditors. The heart…
The Supreme Court recently ruled in the case of United States v. Miller that the Internal Revenue Service (IRS) has the right to retain certain tax payments made under fraudulent circumstances prior to a company’s bankruptcy filing. This ruling has significant implications for creditors and the application of the Bankruptcy Code. The case involved a…