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Second Circuit Sets Up Seven-Factor Test for Third-Party Releases In Bankruptcy Cases Image

Second Circuit Sets Up Seven-Factor Test for Third-Party Releases In Bankruptcy Cases

Alan B. Morrison

The Second Circuit had a tough call to make in the Purdue Pharmacy bankruptcy appeal: What to do about the release given to the Sackler families who had agreed to contribute $5.5 to $6 billion to Purdue's reorganization plan but were not themselves in bankruptcy.

Features

Bankruptcy Court Highlights Pitfalls to Avoid When Retaining Experts Image

Bankruptcy Court Highlights Pitfalls to Avoid When Retaining Experts

Francis J. Lawall & Marcy J. McLaughlin Smith

Simply because the expert is retained by counsel in anticipation of litigation, does not automatically render all communications privileged.

Features

Bankruptcy Judge Dismisses 3M Unit's Earplug Case, Concluding It Had No 'Valid Reorganization Purpose' Image

Bankruptcy Judge Dismisses 3M Unit's Earplug Case, Concluding It Had No 'Valid Reorganization Purpose'

Amanda Bronstad

U.S. Chief Bankruptcy Judge Jeffrey Graham found that 3M subsidiary Aearo Technologies, which is financially solvent, had no "valid reorganization purpose" to file for Chapter 11 protection last year.

Columns & Departments

Fresh Filings Image

Fresh Filings

Entertainment Law & Finance Staff

Notable court filings in entertainment law.

Features

Online Extra: The Other Recent Copyright Infringement Lawsuit Against Ed Sheeran Image

Online Extra: The Other Recent Copyright Infringement Lawsuit Against Ed Sheeran

Stan Soocher

The lion's share of attention to copyright-infringement claims against Ed Sheeran over his song of the Year "Thinking Out Loud" recently focused on the trial in New York federal court in which a jury found in Sheeran's favor in the lawsuit brought by the heirs of a co-author of the 1970s soul-song classic "Let's Get It On." But in September 2022, a related infringement suit over the same songs' matching chord progression and harmonic rhythm was allowed to go forward.

Columns & Departments

Real Property Law Image

Real Property Law

New York Real Estate Law Reporter Staff

Mortgagee's Action to Vacate Tax Sale Should Not Have Been Dismissed Even Though Redemption Period Had Expired Landowner Has Right of Access Across State Lands Part Performance Exception to Statute of Frauds Inapplicable Emails Insufficient to Satisfy Statute of Frauds Statute of Limitations Does Not Bar Claim to Remove Cloud on Title Purchase Option Not Assignable Buyer Recovers Down Payment When Seller Failed to Deliver Certificate of Occupancy Nassau County's Recording Fees Held Excessive and Improper Section 265-a Authorizes Rescission of Termination Agreement Prescriptive Easement Claim Fails for Failure to Establish Hostile Use

Features

Delaware Bankruptcy Court Provides Guidance On Drafting Proxies Image

Delaware Bankruptcy Court Provides Guidance On Drafting Proxies

Robert B. Greco

Proxies in voting and support agreements, secured debt instruments, and other corporate documents should be drafted in a manner that fully reflects the intended scope of the parties' proxy relationship.

Columns & Departments

Landlord & Tenant Law Image

Landlord & Tenant Law

New York Real Estate Law Reporter Staff

Tenant's Failure to Restore Premises At End of Lease Constitutes Breach Fraud Exception to Four-Year Lookback Period Inapplicable Guaranty Clause Did Not Bind Tenant's Principal

Features

CRE Has Survived Crises In the Past and It Will Overcome This One Too Image

CRE Has Survived Crises In the Past and It Will Overcome This One Too

Joseph J. Ori

Since the 1980s, the country has been through numerous recessions and real estate crashes. Whenever these downturns or crashes occur, the distressed side of the industry, which is usually dormant until the crash occurs, rises to the challenge and mobilizes its resources to acquire, renovate, release, and sell these foreclosed and vacant properties.

Columns & Departments

IP News Image

IP News

Jeff Ginsberg & J. Jay Cho

Federal Circuit Examines the Analogous Art Test Federal Circuit Affirms PTAB's Finding of Prior Invention

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