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Chapter 11 plan provision allowing individual members of official committee to be reimbursed for professional fees and expenses held invalid, but committee members may be awarded reimbursement for professional fees and expenses incurred in making a

Substantial Contribution to the Case

USA, New York, Insolvency & Restructuring, Litigation, Fried Frank Harris Shriver & Jacobson LLP
Eighth Circuit holds that trademark license included in substantially performed integrated asset purchase transaction is not an executory contract subject to rejection

On June 6, 2014, in Lewis Brothers Bakeries Incorporated and Chicago Baking Company v.

USA, Insolvency & Restructuring, Litigation, Trademarks, Fried Frank Harris Shriver & Jacobson LLP, Eighth Circuit
The Supreme Court clarifies the role of bankruptcy courts in Stern v. Marshall-type proceedings, but leaves consent issue for another day

Background

USA, Insolvency & Restructuring, Litigation, Fried Frank Harris Shriver & Jacobson LLP, Tortious interference, United States bankruptcy court
Debt fund enjoined from voting on chapter 11 plan because it is not a “financial institution” under assignment eligibility clause of loan agreement

Assignees of Loan Only Entitled to One Collective Vote on Plan

USA, Washington, Banking, Insolvency & Restructuring, Litigation, Fried Frank Harris Shriver & Jacobson LLP, Injunction, Debt, Default (finance), Distressed securities, United States bankruptcy court