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
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...
Bankruptcy
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...
Bankruptcy
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...
Bankruptcy
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,...
Bankruptcy
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...
Bankruptcy
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...
Bankruptcy
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...