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    Rejected contracts that limit remedies to specific performance may leave parties with no remedy
    2014-03-14

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

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Third Circuit protects suppliers who receive post-petition payments
    2014-03-14

    The Third Circuit held that a supplier may accept court-approved “critical vendor” payments post-petition from a debtor’s bankruptcy estate without fear that such payments will increase that supplier’s liability for payments received pre-petition. Friedman’s Liquidating Trust v. Roth Staffing Cos., 738 F.3d 547 (3d Cir. 2013) (No.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor, Third Circuit
    Authors:
    Landon S. Raiford
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Secured creditor’s lien may not be extinguished if creditor does not participate in the bankruptcy
    2014-03-14

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

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Bankruptcy, Debtor, Secured creditor, Fifth Circuit
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Ninth Circuit holds blogger has same First Amendment rights as institutional media
    2014-02-28

    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.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Media & Entertainment, Jenner & Block LLP, Debtor, First Amendment, Ninth Circuit
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Fourth Circuit affirms bankruptcy court’s conditional recognition of foreign insolvency proceeding to protect licensee rights
    2014-02-28

    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.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor, Samsung, Fourth Circuit
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Third Circuit holds creditor’s claim disallowable even when held by subsequent transferee
    2014-01-29

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

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Third Circuit
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Seventh Circuit allows non-recourse loan to be treated as recourse
    2014-01-29

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

    Filed under:
    USA, Banking, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Debtor, Secured creditor, Seventh Circuit
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Chapter 11 debtor can assign previously assumed lease despite anti-assignment clause
    2013-11-29

    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.

    Filed under:
    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
    Authors:
    Andrew J. Olejnik , Abraham Michael Salander
    Location:
    USA
    Firm:
    Jenner & Block LLP
    Privilege relating to patents traveled with the patents in asset sales
    2013-10-31

    In SimpleAir, Inc. v. Microsoft Corp., No. 11-cv-416 (E.D. Tex. Aug. 27, 2013), the court held that the attorney-client privilege associated with certain patents travelled with the patents where the patents were the majority of the assets owned by each transferor.

    Filed under:
    USA, Texas, Insolvency & Restructuring, Litigation, Patents, Jenner & Block LLP, Microsoft
    Authors:
    David M. Greenwald
    Location:
    USA
    Firm:
    Jenner & Block LLP
    9th Circuit: finding of common strategy needed for common interest doctrine
    2013-06-05

    In In re Village at Lakeridge, LLC, BAP Nos. 12-1456, 12-1474 (B.A.P. 9th Cir. Apr. 5, 2013), the Bankruptcy Appellate Panel of the Ninth Circuit clarified that, in order to apply the common interest doctrine, a trial court must make a finding that the parties expressly or implicitly agreed to participate in a joint legal strategy. In this case, secured creditor, US Bank, deposed the sole unsecured creditor, Rabkin.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Jenner & Block LLP, Interest, Secured creditor, Ninth Circuit, Bankruptcy Appellate Panel
    Authors:
    David M. Greenwald
    Location:
    USA
    Firm:
    Jenner & Block LLP

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