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Part Two of a Two-Part Article
In the January, 2006, issue of The Bankruptcy Strategist, we discussed the impact of two recent bankruptcy opinions out of the Delaware Court: IT Litigation Trust v. D'Aniella et al. (In re: IT Group, Inc. et al.) and Shandler v. DLJ Merchant Banking, Inc., et al. (In re Insilco Technologies, Inc.). We included a brief update in the February, 2006 issue after the Delaware courts weighed in on the subject for the third time in only 3 months. Now we discuss, in depth, the possible implications of Insilco and IT Group on plan structuring.
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There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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