Supreme Court Holds That Trademark Licensor’s Rejection Does Not Rescind or Terminate License

On May 20, 2019, in Mission Product Holdings, Inc. v. Tempnology, LLC, 587 U.S. ---, 139 S. Ct. 1652 (2019), the Supreme Court resolved a split among the circuits, holding that a licensor’s rejection of a trademark license in bankruptcy constitutes a prepetition breach, but does not terminate the license.

Filed under:
USA, Insolvency & Restructuring, Litigation, Trademarks, Kramer Levin Naftalis & Frankel LLP, Debtor, Title 11 of the US Code, Supreme Court of the United States
Authors:
P. Bradley O'Neill , Anupama Yerramalli , Kelly E. Porcelli
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Delaware District Court Holds That a $30 Million Haircut Is Not Unfair Discrimination in a Cramdown Plan

The Bottom Line

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Third Circuit
Authors:
Anupama Yerramalli , Megan M. Wasson
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Delaware District Court Holds That a $30 Million Haircut Is Not Unfair Discrimination in a Cramdown Plan

The Bottom Line

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Third Circuit
Authors:
Anupama Yerramalli , Megan M. Wasson
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP