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Johnson & Johnson gets green light to us

THE WHAT? A U.S. judge has approved Johnson & Johnson’s plans to use the bankruptcy system to resolve its multi-billion lawsuit that claims its talc products cause cancer, according to Reuters. THE DETAILS In October 2021, J&J filed the claims in newly created entity LTL Management LLC, which then filed for bankruptcy a few days […]

Burin volunteers worried about fate of r...

ST. JOHN’S, NL — After spending hundreds of thousands of dollars to revitalize St. Patrick’s Parish Cemetery in Burin, local volunteers are worried about what will happen in the bankruptcy proceedings of the Roman Catholic Episcopal Corp. of St. John’s. They say $200,000 of the money they raised has already been taken by the archdiocese […]

Chinese exile’s legal enemy calls bankru

(Bloomberg) – The insolvency case of Guo Wengui, the exiled Chinese businessman, kicked off on Tuesday when a longtime creditor called the move “astonishing” and signaled it would lead an aggressive fight in bankruptcy court. Guo, a former partner of Trump political strategist Steve Bannon, filed for bankruptcy last month after moving a yacht from […]

Latter-day Saints and Methodists back Sc...

Two faith groups that have long supported the Boy Scouts of America have pledged to play a key role in the latest revamp of the Scouting organization’s bankruptcy, the fallout from tens of thousands of sexual abuse complaints within its ranks. The Church of Jesus Christ of Latter-day Saints and The United Methodist Church appear […]

Shambhala Mountain Center Files for Chap...

the Shambhala Mountain Center in Larimer County filed for Chapter 11 bankruptcy this week as it restructures debt following pandemic-induced financial difficulties, the Shambhala Buddhism sexual misconduct scandal and the Cameron Peak fire. The bankruptcy filing, filed Monday in federal court in Denver, follows the Buddhist retreat’s announcement last month that he is change its […]

The European subsidiary of the Russian S...

Published on: 03/02/2022 – 00:22 Frankfurt (AFP) – The European branch of Russia’s Sberbank will be dissolved after coming under pressure from Western sanctions imposed on the bank in response to Moscow’s invasion of Ukraine, European banking regulators said on Tuesday. The Austrian subsidiary of Russia’s biggest lender Sberbank Europe AG would be allowed to […]

How Carmen Transformed Her Financial Lif...

Seven years ago, Carmen Hegarty was in a financial hole. She had about $85,000 in car loans, credit cards and other debts – and health issues had forced her out of her job. “I had credit cards, I had a wage sacrifice vehicle from my job and I was behind on rent,” the 52-year-old from […]

NJ Bankruptcy Atty accused of botching m...

By Jeannie O’Sullivan (March 1, 2022, 5:55 PM EST) — New Jersey attorney Adrian J. Johnson has been the subject of a malpractice complaint by an ex-client who claims the The lawyer’s missteps cost her the opportunity to play a domestic violence complaint role in her ex-husband’s bankruptcy. In a state court complaint filed Monday, […]

Pro Bono Heroes: How big (and small) com...

Law firms Related documents March 1 – In some ways, the lawsuit brought by the families of five children and four adults killed in the 2012 Sandy Hook Elementary School shooting against gunsmith Remington Arms Co resembled a David versus Goliath fight. Represented by the 18 lawyers Koskoff, Koskoff & Bieder, the plaintiffs sued in […]

The Heavy Burden of Supporting an Admini...

Recently appointed Delaware Bankruptcy Judge Craig T. Goldblatt in the case of oil and gas driller MTE Holdings LLC ruled that to establish an administrative claim for priority payment, a creditor need not to demonstrate that the goods or services have resulted in a real increase in the debtor’s profits or value; rather, it suffices […]

Nord Stream 2 operator files for bankrup...

The Swiss company behind the Nord Stream 2 pipeline has filed for bankruptcy and laid off its 106 employees, a local official confirmed to Swiss broadcaster SRF. Why is this important: Long seen as a Kremlin influence project that would increase Europe’s energy dependence on Russia, Nord Stream 2 was one of the first targets […]

Moon shot! Factors to Consider When Str...

Whether in sales, syndications or securitization of equipment leases and loans, it is important – and often essential – that assets are transferred from seller to buyer as part of a saying “genuine sale”. This colloquialism is shorthand for the legal conclusion that if the seller were to become insolvent and seek protection under applicable […]

Johnson & Johnson’s Talc bankruptcy plan

Legislation & Litigation Our fact-checking process begins with a thorough review of all sources to ensure they are of high quality. Then we cross-check the facts with original medical or scientific reports published by those sources, or we validate the facts with reputable news outlets, medical and scientific experts, and other health experts. Each page […]

Johnson & Johnson’s Talc bankruptcy plan

Legislation & Litigation Our fact-checking process begins with a thorough review of all sources to ensure they are of high quality. Then we cross-check the facts with original medical or scientific reports published by those sources, or we validate the facts with reputable news outlets, medical and scientific experts, and other health experts. Each page […]

Antoine Walker has revealed the ‘most di

Although it’s been a while since he’s touched professional hardwood, Antoine Walker was a capable NBA player during his day. The forward spent most of his career with the Boston Celtics before eventually winning a championship with the Miami Heat. These days, however, his bankruptcy has taken center stage. Walker, however, didn’t shy away from […]

Force Ten Partners helps secure bankrupt...

IRVINE, Calif.–(BUSINESS WIRE)–Force Ten Partners LLC (Force 10) today announced that it helped secure bankruptcy court approval for the sale of Watsonville Community Hospital to the Pajaro Valley Healthcare District Project (PVHDP) and position the hospital for financial and operational recovery. The hospital has been struggling financially for years and was on the verge of […]

What we read this week [February 25, 202...

United States: What we read this week [February 25, 2022] March 01, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. According to Reuters, businesses face rising costs as supply chain issues continue to disrupt the economy. Businesses have struggled to keep up with […]

New York Federal Court Upholds Bankruptc...

United States: New York Federal Court Upholds Bankruptcy Court Fraudulent Transfer Finding for Tax Sale Foreclosure March 01, 2022 Riker Danzig Scherer Hyland & Perretti To print this article, all you need to do is be registered or log in to Mondaq.com. The United States District Court for the Western District of New York recently […]

WBTV viewer shares story of filing for b...

CHARLOTTE, NC (WBTV) — For years, Coleen Tolson was puzzled over what was wrong. She still felt tired. She suffered from fainting spells. For a full year, she did not experience her menstrual cycle. After moving to the Charlotte area, she finally found a doctor who could put a name to her health issues. Tolson […]

Can litigants request a jury trial in fe...

Do litigants have the right to request a jury trial in federal bankruptcy courts? The majority of litigants request the transfer of cases to the federal bankruptcy court in the event that any of their parties has or has entered bankruptcy at BankruptcyHQ. If the claims in question are not directly linked to bankruptcy, the final […]