Tuesday, November 5, 2024

Bankruptcy

Boy Scouts plead with Supreme Court not to suspend bankruptcy strategy

The Boy Scouts of America has filed papers with the US Supreme Court arguing that the Court should reject efforts to pause...

Bankruptcy of Burger King Franchisee Surprises, but Doesn’t Cause Damage

A “fraudulent” bankruptcy petition submitted on behalf of a major Burger King franchisee caught lawyers by surprise but showcased the ability of...

Gemini and DCG Now Face $3 Billion Lawsuit for Fraud in New York

The alleged fraud involving Gemini Trust Co. and Barry Silbert's Digital Currency Group was three times bigger than initially thought, the New...

Investor’s Lawsuit Against Firm Highlights Risks of Crypto Investment Advice

A lawsuit targeting McCarter & English over a failed exchange involving Voyager Digital Holdings Inc. highlights the risks firms face when providing advice in...

Former Kirkland Bankruptcy Professional Creates Customized Plans for Struggling Companies

Jon Henes, who left Kirkland & Ellis’ vaunted restructuring practice in 2021 to start a firm that advises distressed and bankrupt entities,...

Judges’ Courtroom Advocacy Policies Under Scrutiny Following Ethics Complaint

Judicial ethics scholars say that three Illinois district court judges crossed the line by encouraging more opportunities for “newer, female, or minority” lawyers in...

Cities and Schools Approve McKinsey’s $230M Opioid Settlement

A US judge greenlighted McKinsey & Co.’s proposal to pay $230 million to settle claims that the consulting firm’s marketing work turbocharged...

Top Lawyers Charging $2,500 an Hour for Big Law Bankruptcy Fees

Some of the top law firms have surpassed inflation with their latest increases in bankruptcy rates, as leading restructuring lawyers are now charging around...