In a closely followed venue dispute, the Bankruptcy Court for the District of New Jersey recently held that venue in the District was proper in the Chapter 11 cases of Multi-Color Corporation and its affiliates. The decision is significant because it offers an analytical framework for determining a debtor’s “principal assets” under section 1408 of the Bankruptcy Code.
In In re 33 Mako, the U.S. Bankruptcy Court for the Southern District of New York addressed the issue of whether an oversecured creditor may recover post-petition default interest under Section 506(b) of the Bankruptcy Code. In denying the debtor’s motion, the opinion offers meaningful guidance on the application of the five-factor equitable test used to evaluate default interest claims and clarifies how courts should weigh each factor.
Spirit Airlines’ shutdown was not merely another distressed-company filing, it was a real-time illustration of the limits of Chapter 11 in industries where value depends on uninterrupted operations, customer confidence, and constant liquidity.
Notable recent court filings in entertainment law.
The automatic stay that goes into effect when a bankruptcy petition is filed can be hard to process for someone who has been injured. The facts have not changed. The injury has not changed. But the path forward suddenly depends on a different court, applying a different set of priorities.
The combination of increasing operating costs and uncertain government reimbursement funding continues to place health care providers under financial pressure, and in many cases, financial distress. Given the importance of Medicare/Medicaid funding of claims under provider agreements with the federal government, how courts interpret and apply the interplay between the Bankruptcy Code and Medicare Program Act determines the disposition of hundreds of millions of dollars of claims for reimbursement that support the health care system.
This article examines how lawyer-generated social media content is reshaping litigation and outlines practical steps that in-house and defense counsel can take to address the resulting litigation risks.
A Q&A with litigator Jeffrey Kessler of Winston & Strawn who stepped in as lead counsel to represent a coalition of states against Live Nation after lawyers from the DOJ announced mid-federal-trial that they had reached a settlement in the federal government’s antitrust monopoly case against the live entertainment giant and its ticketing arm Ticketmaster.
A sampling of daily headlines is apparently driven by law firms eager to attract lateral partners, to recruit young lawyers, and to please current partners. One wag also recently described this public bragging as a “sedative” to quiet troublesome partners. Does the profession want or even need this kind of publicity? The answer should be no.
Jenner & Block law partners Precious Jacobs-Perry, April Atterberg and Wade Thomson recently secured a notable victory on behalf of their client, rap artist Chancelor Bennett — better known as Chance the Rapper — in a long-running breach-of-contract dispute against his former manager Patrick Corcoran.
