Marshall S. Huebner, who co-heads Davis Polk’s Insolvency and Restructuring Group and served as lead counsel in several airline restructurings, testified by invitation before Congress o...
On November 24, 2009, Judge James M. Peck of the United States Bankruptcy Court for the Southern District of New York issued a significant decision [1] in the ION Media Networks, Inc. ban...
In two recent decisions, the U.S. Court of Appeals for the Fifth Circuit and the U.S. District Court for the Eastern District of Pennsylvania held that a debtor may prohibit secured credi...
On October 13, in the chapter 11 cases of homebuilder TOUSA, Inc. and its subsidiaries, Judge John K. Olson of the United States Bankruptcy Court of the Southern District of Florida avoid...
While Chrysler and GM have made headlines for months, judges in other cases have been handing down opinions of significant import for secured and unsecured creditors. The three described ...
In a recent bench ruling issued in the Lehman Brothers Chapter 11 proceedings in the Southern District of New York, Bankruptcy Judge James M. Peck held that (i) non-debtor counterparties ...
In a recent decision, Judge Christopher S. Sontchi of the Delaware Bankruptcy Court concluded that “commercially reasonable determinants of value” as referenced in section 562 of the ...
In a ruling issued last week, Bankruptcy Judge Allan L. Gropper of the Southern District of New York denied motions to dismiss the Chapter 11 cases of certain “bankruptcy-remote” spec...
Two decisions were issued last week in separate bankruptcy cases that might be of interest to our clients. In one, a Delaware District Court issued an opinion further constraining the use...
