Fifth Circuit Holds Executory Contract Not Listed on Bankruptcy Schedules Is Automatically Rejected Upon Expiration of 60-Day Period in Chapter 7 and Not Capable of Being Sold

The Bottom Line

The Fifth Circuit recently held in RPD Holdings, L.L.C. v. Tech Pharmacy Services (In re Provider Meds, L.L.C.), No. 17-1113 (5th Cir. Oct. 29, 2018), that a patent license that was not specifically listed on the debtors’ bankruptcy schedules was automatically deemed rejected where it was not assumed within 60 days of the cases’ conversion from Chapter 11 to Chapter 7.

What Happened?

Filed under:
USA, Texas, Insolvency & Restructuring, Litigation, Patents, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Fifth Circuit
Authors:
Kelly E. Porcelli
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Courts Have the Flexibility to Select Valuation Date in Cram Down Scenario; Fifth Circuit Remands to Bankruptcy Court for Re-valuation Based On Improper Deduction of Waived Fees

The Bottom Line

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Fifth Circuit
Authors:
Kelly E. Porcelli
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Fifth Circuit Affirms Dismissal of Claims Relating to Pre-Petition Payments to D&O’s

The Bottom Line

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Fifth Circuit, US District Court for Southern District of Texas
Authors:
Andrew Wyatt Pollack
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Bad faith filing no obstacle for hotel reorganization

The Bottom Line

Filed under:
USA, Texas, Insolvency & Restructuring, Litigation, Real Estate, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Injunction, Foreclosure, Bad faith, United States bankruptcy court, Fifth Circuit
Authors:
Alice J. Byowitz
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Tarnishing the debtor’s Halo – police power exemption applied to private actions

The Bottom Line: 

Filed under:
USA, Insolvency & Restructuring, Litigation, Telecoms, Kramer Levin Naftalis & Frankel LLP, Fifth Circuit
Authors:
Benjamin C. Wolf
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Fifth Circuit upholds expense reimbursement for non-stalking horse bidders: now that’s a horse of a different color…

The Bottom Line:

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Debtor, Federal Reporter, Due diligence, Business judgement rule, Second Circuit, United States bankruptcy court, Fifth Circuit, Third Circuit
Authors:
Joshua Friedman
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Fifth Circuit: recharacterization, it’s not just for insiders anymore

The Bottom Line:

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Royalty payment, Bankruptcy, Conflict of laws, Debtor, Interest, Debt, Legal burden of proof, Maturity (finance), United States bankruptcy court, Fifth Circuit, Fourth Circuit
Authors:
Matthew Ziegler
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Post-confirmation litigation – the devil is in the disclosure statement

The Bottom Line:

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Shareholder, Debtor, Dividends, Interest, Federal Reporter, Limited liability company, Discovery, Standing (law), Liquidation, Common law, United States bankruptcy court, Fifth Circuit
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Fifth Circuit Joins Circuit Split Upholding Bankruptcy Court Jurisdiction to Hear Social Security Claims: Case Has Impact for Health Care Bankruptcies

The Bottom Line

Filed under:
USA, Healthcare & Life Sciences, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Medicare, Medicaid, US Congress, Fifth Circuit
Authors:
Priya K. Baranpuria
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Fifth Circuit Analyzes Creditor’s Impairment, Entitlements to Contractual Make-Whole and Post-Petition Interest Under Solvent-Debtor Chapter 11 Plan

The Bottom Line

Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, United States bankruptcy court, Fifth Circuit
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP