Page 38 - Financial Restructuring News Today

In This Issue: In  In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled as a matter of first impression that "triangular setoff" does not satisfy the Bankruptcy Codes "mutuality" requirement.  Should Equitable Mootness Bar Appeals Only of Chapter 11 Plan Confirmation Orders? As demonstrated by a ruling recently handed down by the U.S. District Court for the Northern District of Texas, courts disagree on whether equitable mootnes...

Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to Houlihan Lokeys Fourth Quarter and Fiscal Year 2021 Earnings Conference Call. [Operator Instructions] Please note that this conference call is being recorded today, May 11, 2021. I will now turn the call over to Christopher Crain, Houlihan Lokeys General Counsel. Christopher M. Crain -- Thank you, operator, and hello everyone. By now, everyone should have access to our fourth quarter and fiscal year 2021 earnings re...

New Generation Research Inc. Adds Jack Tracy to Key Management Position Share Article Appoints Jack Tracy as BankruptcyData Chief Product Officer based in New York Jacks experience as a practicing attorney and as product expert in the information industry makes him a superb fit for BankruptcyData. BOSTON (PRWEB) May 09, 2021 New Generation Research Inc. today announced the appointment of Jack Tracy as Chief Product Officer for the...

To print this article, all you need is to be registered or login on Mondaq.com. Bloomberg and CNN reported on the potential impact the pause in the use of Johnson & Johnsons Covid-19 shot could have.  In the wake of the announcement, stay-at-home company stocks bounced, while travel company stocks fell as investors worried about the potential long-term impact.  [Bloomberg; April 13, 2021 & CNN; April 14, 2021] The Wall Street Journal reported on an intensifying bidding...

Cuatrecasas promotes seven to partner in Spain and Portugal, records €315m revenue Cuatrecasas promotes seven to partner in Spain and Portugal, records €315m revenue Cuatrecasas has appointed seven new partners. The Partners Meeting also approved the appointment of three new counsel in Spain Cuatrecasas has appointed seven new partners, thus strengthening its market position. Lawyers Carlos Ara, Almudena Batista, Manuel Franco, Rosa Mª Gual, Paz Irazusta and Moisés Oller becom...

To print this article, all you need is to be registered or login on Mondaq.com. A recent New York Times article highlights the challenges oftentimes faced by smaller vendors in large bankruptcy cases.  The article profiles a couple, who owns a warehouse leased to Brooks Brothers, who were left holding a $240,000 cleanup fee bill when Brooks Brothers rejected their warehouse lease and refused to clear the equipment and other materials being stored.  [The New York Times;...

To print this article, all you need is to be registered or login on Mondaq.com. A little over one year ago, just as the country was heading into a period of unprecedented turbulence caused by the COVID-19 pandemic, the Small Business Reorganization Act (SBRA) went into effect on February 19, 2020. Before SBRA, struggling businesses considering bankruptcy had two options: Chapter 7 or Chapter 11. SBRA provides an additional option to businesses seeking to reorganize by ...

To print this article, all you need is to be registered or login on Mondaq.com. In 2020, a US court determined that minority noteholders rights to receive principal and interest on their notes survived a "strict foreclosure" and cancellation of notes, undertaken by the indenture trustee at the direction of a majority of noteholders. In this article, we consider the potential effect of that decision on out-of-court, majority-led share pledge enforcements, which are a key ...

WilmerHale WilmerHale podcast co-host and Partner John Walsh welcomes Partner Jason Chipman, who moderates a discussion between fellow WilmerHale lawyer Matthew Ferraro and special guest Nina Schick on... Taft Stettinius & Hollister With the Small Business Administrations (SBA) announcement late last week in a Senate hearing that it plans on rolling out the Restaurant Revitalization Grant (RRG) Program... Ward and Smith, P.A. The American Rescue Plan Act of 2021 (ARPA), signed into law on March...

On Wednesday, February 23, just after 5:00 p.m., Belk, Inc. – a North Carolina-based department store chain – and its affiliates filed voluntary petitions under Chapter 11 of the Bankruptcy Code.