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Simpson Thacher & Bartlett LLP announces that Sandeep (“Sandy“) Qusba has joined the firm's New York office as a partner in its Bankruptcy and Restructuring practice. Previously a partner at White & Case, Qusba's practice focuses on bankruptcy and out-of-court restructurings as well as distressed company acquisitions. His experience spans a wide range of industries including the healthcare, energy, automotive, manufacturing, telecommunications and other technology sectors.
Joseph Smolinsky has joined the New York office of Weil, Gotshal & Manges LLP as a partner in its Business Finance & Restructuring practice. Previously a partner at Chadbourne & Parke LLP, where he advised corporations, borrowers, lenders, investors and creditors on Chapter 11 restructuring cases, Smolinsky has been involved in a number of recent high profile cases, including TOUSA, Refco, Calpine and Mirant.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.