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Borrower successfully blocks assignment of loan to distressed debt hedge funds

In Meridian Sunrise Village, LLC v. NB Distressed Debt Investment Fund Ltd., et al., No. 13-5503(W.D. Wash. Mar.

USA, Banking, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Hedge funds, Distressed securities
Debtor permitted to assume license agreement but reject other related agreements

In In re Physiotherapy Holdings, Inc., 506 B.R. 619 (Bankr. D. Del. 2014) (No.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor
Seventh Circuit rules constructive trust remedy is available in bankruptcy cases

In In re Mississippi Valley Livestock, Inc., No. 13-1377 (7th Cir. Mar.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Bankruptcy, Constructive trust, Seventh Circuit
Rejected contracts that limit remedies to specific performance may leave parties with no remedy

In In re TOUSA, Inc., 503 B.R. 499 (Bankr. S.D. Fla. 2014) (No.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP
Secured creditor’s lien may not be extinguished if creditor does not participate in the bankruptcy

In Acceptance Loan Co., Inc. v. S. White Transportation, Inc. (In re S. White Transportation, Inc.), 725 F.3d 494 (5th Cir. 2013) (No.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Bankruptcy, Debtor, Secured creditor, Fifth Circuit
Ninth Circuit holds blogger has same First Amendment rights as institutional media

In Obsidian Finance Group, LLC v. Cox, Nos. 12-35238, 12-35319 (9th Cir. Jan. 17, 2014), the Ninth Circuit held that First Amendment protections under the Supreme Court’s landmark opinion in Gertz v. Robert Welch, Inc., 418 U.S.

USA, Insolvency & Restructuring, Litigation, Media & Entertainment, Jenner & Block LLP, Debtor, First Amendment, Ninth Circuit
Fourth Circuit affirms bankruptcy court’s conditional recognition of foreign insolvency proceeding to protect licensee rights

In Jaffé v. Samsung Electronics Co. (In re Qimonda AG), 737 F.3d 14 (4th Cir. 2013) (No. 12-1802), the Fourth Circuit affirmed a bankruptcy court’s ruling protecting licensees’ rights in connection with the recognition of a German insolvency proceeding.  In Jaffe, the foreign debtor’s administrator petitioned the U.S. bankruptcy court for powers under Chapter 15 of the U.S.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor, Samsung, Fourth Circuit
Third Circuit holds creditor’s claim disallowable even when held by subsequent transferee

In In re KB Toys Inc., 736 F.3d 247 (3d Cir. 2013) (No.

USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Third Circuit
Seventh Circuit allows non-recourse loan to be treated as recourse

In In re B.R. Brookfield Commons No. 1 LLC, 735 F.3d 596 (7th Cir. 2013) (No.

USA, Banking, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor, Secured creditor, Seventh Circuit
Chapter 11 debtor can assign previously assumed lease despite anti-assignment clause

In In re Eastman Kodak Co., 495 B.R. 618 (Bankr. S.D.N.Y. 2013) (No. 12-10202), the Bankruptcy Court for the Southern District of New York permitted a Chapter 11 debtor-in-possession (Kodak) to assign a previously assumed real estate lease despite the lease’s anti-assignment clause.

USA, New York, Insolvency & Restructuring, Litigation, Real Estate, Jenner & Block LLP, Debtor, United States bankruptcy court, US District Court for the Southern District of New York