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Second Circuit ruling appears to limit ability of U.S. Bankruptcy Courts to assist foreign debtors

 

 

USA, Insolvency & Restructuring, Litigation, Duane Morris LLP, Debtor, Discovery, US Code, Title 11 of the US Code, Second Circuit, United States bankruptcy court
WARN Act liability and private equity firms

Last month’s decision out of the Delaware District Court in Woolery, et al. v.

USA, Delaware, Corporate Finance/M&A, Employment & Labor, Insolvency & Restructuring, Litigation, Faegre Drinker Biddle & Reath LLP, Worker Adjustment and Retraining Notification Act 1988 (USA)