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Attempting to Close the Shops: New York and Virginia Adopt Random Case Assignment to Discourage Forum Shopping

USA - January 7 2022 The Bankruptcy Court for the Southern District of New York (the “SDNY”) has been a longstanding epicenter of Chapter 11 filings. Historically seen as…

Danielle A. Corn, Sean T. Scott

J&J Talc Bankruptcy Case: Events Leading Up To Potential Dismissal Battle

USA - December 6 2021 Johnson & Johnson’s newly-created subsidiary, LTL Management LLC (“LTL”), filed for bankruptcy in the Western District of North Carolina on October 14…

Jamie R. Netznik, Sean T. Scott

What We’re Reading This Week [November 10, 2021]

Canada, USA - November 10 2021 Whether—and in what circumstances—a debtor should pay creditors a make-whole premium continues to be litigated in bankruptcy courts. Last week, as…

Lisa A. Holl Chang, Sean T. Scott

Is Stablecoin Stable? Media and Regulators Raise Concerns

USA - October 25 2021 Tether - the world’s largest issuer of “stablecoin” - has come under increased media and regulatory scrutiny in recent months as concerns over its…

Youmi Kim, Sean T. Scott

Stay and Direct Appeal Requests Denied in Purdue Pharma; District Court Commits to Shielding Case from Equitable Mootness Concerns

USA - October 25 2021 Partially walking back her prior pronouncements suggesting that she would rule to the contrary (which we previously wrote about here), on October 13…

Samuel R. Rabuck, Sean T. Scott