Law

Dodgers, in Delaware Bankruptcy, Tap Hedge Fund for Loan

The Los Angeles Dodgers received permission from a bankruptcy court judge in Delaware on Tuesday to access $150 million in debtor-in-possession financing provided by JPMorgan Chase hedge fund ...
The Montana Standard

Montana lawyer, judge at work in Delaware court

Corporate bankruptcy is a cottage industry, a form of economic development, especially in Wilmington, Del., and New York City. The majority of U.S. businesses file their incorporation papers in those ...
Law

In Wake of 'Purdue Pharma,' Del. Bankruptcy Court Clarifies That Preliminary Injunctions of Claims Against Nondebtors Remain Permissible

In the wake of the U.S. Supreme Court's landmark decision this June in Harrington v. Purdue Pharma, the U.S. Bankruptcy Court for the District of Delaware recently addressed a question left open by ...
JD Supra

The Long Way Around Purdue: Delaware and New York Courts Rule Nonconsensual Third-Party Releases Permissible Under Chapter 15

The US Bankruptcy Courts for the District of Delaware and the Southern District of New York recently issued decisions that (1) highlight the difference between relief available under chapter 11 and ...
JD Supra

Delaware Bankruptcy Court Allows Trustee to Pursue Recovery of Fraudulent Transfers for the Sole Benefit of Subordinated Claimholders

The Bankruptcy Code provides a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") with the power to avoid and recover certain fraudulent transfers that a creditor could have avoided outside ...