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Bankruptcy Litigation Briefing
Bankruptcy Litigation Briefing, published by Fox Rothschild LLP, focuses on developments and litigation in bankruptcy and financial restructuring. The blog covers topics such as bankruptcy court rulings, creditor and debtor rights, motions for relief from automatic stay, fraudulent transfer claims, and the impact of bankruptcy on intellectual property licenses. It provides analysis of significant bankruptcy cases, strategies for business restructuring, and insights into trustee roles and creditor committees. The content addresses practical legal issues faced by creditors, debtors, and businesses navigating financial distress and bankruptcy litigation nationwide.
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Latest from Bankruptcy Litigation Briefing
U.S. Supreme Court Confirms That Stay Relief Orders Must Be Appealed Right Away
Earlier this week, the United States Supreme Court issued an opinion regarding appeals of orders denying relief from the automatic stay. Generally, the automatic stay (section 362 of the Bankruptcy Code) prevents creditors from taking action against the debtor’s assets outside…
Supreme Court Opinion: Bankruptcies Do Not Revoke TM Licenses
This article is written by Elizabeth A. Patton and originally appeared on the Fox Advertising Law blog, https://advertisinglaw.foxrothschild.com
This week, the U.S. Supreme Court issued a decision in the Product Holdings, Inc. v. Tempnology, LLC N/K/A Old Cold LLC case previously blogged about …
Sinemia Files for Chapter 7 Bankruptcy
At the end of last week, Sinemia, a movie ticket subscription service, filed a Chapter 7 bankruptcy petition in Delaware, amidst multiple lawsuits and an investigation by the FTC. The company, which permitted users to purchase monthly or yearly plans…
Sears Debtors sue Former CEO & others Seeking Billions
In October of this year, Sears Holdings Corp and affiliated Debtors filed a Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of New York in a case pending before Judge Drain. Since that time, the company has…
Cyprus Wants Automatic Stay in Imerys Talc Bankruptcy Proceedings
Additional developments have transpired in the the Imerys Talc bankruptcy proceedings since Imerys commenced an adversary proceeding in the Chapter 11 case against Cyprus Mines Corp. and Cyprus Amax Minerals Co. earlier this month over Cyprus’ right to use certain insurance…
Imerys Talc Filed Adversary Claiming Ownership Over Millions of Dollars of Insurance Policies
As a follow-up to our recent post about the Imerys Talc bankruptcy proceedings (the chapter 11 cases filed by a supplier of talc to cosmetic and other companies, like Johnson & Johnson), last week the Imerys Debtors brought suit in…
Second Circuit Finds Madoff Trustee can seek to Clawback Billions in Funds Transferred Abroad
Earlier this week, the U.S. Court of Appeals for the Second Circuit revived 88 fraudulent transfer cases that were consolidated on appeal. In those actions, the trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC sought to recover…
Changes to the Local Rules of the Delaware Bankruptcy Court
Effective February 1, 2019, a number changes to the local rules of the Delaware Bankruptcy Court became effective. Practitioners in the jurisdiction should be sure to review the new rules as there are a number of revisions to motion…
Imerys Talc America filed for Chapter 11 Bankruptcy related to Talc Lawsuits
Yesterday, Imerys Talc America and two affiliated entities filed for chapter 11 bankruptcy protection in the Delaware Bankruptcy Court (Case No. 19-10289). The case is pending before Judge Silverstein.
The first day affidavit filed in support of the Debtors’ chapter…