Ninth Circuit Pumps Brakes on CA Climate Change Disclosure Law
December 01, 2025
The U.S. Court of Appeals for the Ninth Circuit pumped the brakes on a California law requiring the state’s biggest companies to disclose their climate change-related financial risks. The law, referred to by its legislative number, SB 261, was scheduled to take effect Jan. 1.
District Court Rules Backstop Fees Caused Chapter 11 Plan to Fail for Exclusivity
December 01, 2025
The “risk management” aspect of LME focuses on the compensation to be paid to the participating lenders to provide new investment and the additional time or optionality gained for the equity sponsor. Frequently the LME is followed by a bankruptcy case in which the participating lenders again attempt to exercise control over the process and their compensation through a restructuring support agreement and a prepackaged Chapter 11 plan. At least one district court has concluded that compensation payable to a subset of lender/investors in a creditor class violates this requirement, derailing a confirmed prepackaged Chapter 11 plan and remanding to the bankruptcy court to remedy.
Fresh Filings
December 01, 2025
Notable recent court filings in entertainment law.
Development
December 01, 2025
Special Permit Denial OverturnedNo Property Right to Short-Term RentalsZBA Interpretation of Zoning Ordinance Upheld
Players On the Move
December 01, 2025
A look at moves among attorneys, law firms, companies and other players in entertainment law.
Does the Corporatization of Big Law Mean the End of the Law Firm Partnership?
December 01, 2025
By definition, equity partners are law firm owners and investors, share in the profits, and are collectively responsible for overall strategy and management. Yet, when only a handful of people are involved in a monumental decision such as a merger, it’s clear that the definition of “partnership” has changed.
