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Judge Approves $7 B. Purdue Pharma Settlement, Potentially Ending Years-Long Legal Saga

Purdue Pharma's years-long saga in the courts may finally be coming to a close. On Friday, federal bankruptcy judge Sean Lane ...
Law

Chapter 11 Bankruptcy Ruling: Seek a Fair Resolution, Not a Stalling Tactic

A ruling by a federal bankruptcy judge in New York denying attorney’s fees to a debtor’s counsel sends a startling reminder to attorneys and clients alike. Bankruptcy is designed to provide relief to ...
JD Supra

The Supreme Court Limits A Trustee’s Rights To Recover Fraudulent Transfers Against The Internal Revenue Service

The Bankruptcy Code provides chapter 7 trustees with significant powers to liquidate and collect estate assets and pursue litigation claims, such as fraudulent transfer claims against third parties, ...
Law

Free-and-Clear Federal Bankruptcy Sales and State Law Foreclosure Rules

Free-and-Clear Federal Bankruptcy Sales and State Law Foreclosure Rules This authors explore a recent bankruptcy case where the court adopted a broad interpretation of §363 (f) (5), allowing debtors ...
Newsweek

Supreme Court Raises Concerns About Neil Gorsuch’s Thinking on Case

U.S. Supreme Court Justice Neil Gorsuch was the lone dissenter on Wednesday as part of a case adjudicating the powers given to bankruptcy trustees under federal law. The opinion for the 8-1 decision ...