On April 14, 2010, the federal district court reviewing the <i>Clark Contracting</i> decision overturned the bankruptcy court and gave effect to the language in SB1592 that indicated that the legislation was a clarification of existing law rather than a change to the law.

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In a decision that could have wide-ranging consequences for secured lenders and the distressed debt market, a divided U.S. Court of Appeals for the Third Circuit has held that secured creditors do not have an absolute right to credit bid the value of their loans in Chapter 11 plan-based sales of assets.

Traditional Chapter 11 reorganizations have proven to be costly and disruptive for corporate debtors. Section 363 sales have largely supplanted traditional Chapter 11 reorganizations because they are faster and more cost efficient. Though not a new concept, parties have recently opted to pursue "pre-packaged" bankruptcy filings or "pre-packs.

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Highlights of the latest insurance cases from around the country.

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CourtroomInsight.com and LegalRelay.com both launched at LegalTech New York in February. They are growing by encouraging users, as well as experts and vendors who can benefit from the reviews, to take advantage of their respective "freemium" models. The unrelated sites allow visitors to post and read reviews for free, but offer enhanced positioning and descriptive information to paid subscribers.

This article discusses a new Web-based directory designed to help lawyers identify and evaluate expert witnesses, litigation consultants, arbitrators and mediators through profiles of these providers and reviews of their performance, as well as a similar tool for legal technology product reviews.

Our research led to a handful of legal SaaS offerings. On the surface, the various offerings looked quite similar, since they offered many of the core practice management functions such as matter management, contact management, calendaring and time-and-billing features. We found the interface and several key features of Clio helped separate it from the crowd.