Breach of contract | Global Insolvency

Delaware court bars creditors' derivative claims against insolvent LLC

29 November 2010

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Creditors of insolvent subsidiaries may bring derivative actions against parent company’s officers and directors for breach of fiduciary duties

01 December 2010

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USA

Bankruptcy court (mostly) dismisses complaint against pre-petition lenders based on alleged inequitable conduct

01 December 2010

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Fresh start, not so fresh: courts hold that environmental liabilities survive chapter 11 reorganization

01 December 2010

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USA

A proposed plan’s voting stock allocation causes an incurable change-of-control breach and impermissible reinstatement of secured debt

01 December 2010

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USA

Treatment of "make-whole" and "no-call" provisions by bankruptcy courts

15 December 2010

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New York appeals court dismisses suit against MBIA Inc. over bond insurer’s financial restructuring

25 January 2011

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Beware of fiduciary duties to creditors different for corporations and LLCs

01 February 2011

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Champion Enterprises Bankruptcy Court dismisses equitable subordination and fraudulent transfer claims

10 February 2011

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Hospital's bankruptcy examiner identifies millions of dollars in unauthorized payments; cites law firm for breach of duty

15 February 2011

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