Fifth Circuit: recharacterization, it’s not just for insiders anymore

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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
Cruel intentions: SDNY bankruptcy court holds mutual intent not required to plead state law actual fraud

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Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Debtor, Fraud, Hedge funds, Limited liability partnership, Involuntary dismissal, Common law, Prima facie, Second Circuit, United States bankruptcy court, US District Court for SDNY
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Flamingo court holds joint venturer can't feather claims nest

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Filed under:
USA, Insolvency & Restructuring, Litigation, Real Estate, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Surety, Debtor, Limited liability company, Foreclosure, Joint and several liability, US Code, Ninth Circuit, United States bankruptcy court, Trustee
Authors:
Anita Wong
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Post-script – recent Enron “settlement payment” decision has first beneficiary

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Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Unsecured debt, Security (finance), Default (finance), Subsidiary, Enron, Second Circuit, United States bankruptcy court, US District Court for SDNY
Authors:
Benjamin C. Wolf
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Post-confirmation litigation – the devil is in the disclosure statement

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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
Seventh Circuit hears lenders’ shout “Give me credit, will ya!”

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Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Credit (finance), Secured loan, United States bankruptcy court, Seventh Circuit
Authors:
Rachael Ringer
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Aftermath of Stern v. Marshall – BearingPoint Court declines to oversee lawsuit

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Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Fiduciary, Subject-matter jurisdiction, Exclusive jurisdiction, Article III US Constitution, High Court of Justice, United States bankruptcy court, US District Court for SDNY, Chief executive officer, Trustee
Authors:
Adam C. Rogoff
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Third Circuit’s withdrawal decision in Marcal Paper – nothing to sneeze at

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Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Employee Retirement Income Security Act 1974 (USA), Debtor, Unsecured debt, Trade union, Consideration, Liability (financial accounting), Defined benefit pension plan, Title 11 of the US Code, United States bankruptcy court, Third Circuit, Sixth Circuit, Bankruptcy Appellate Panel
Authors:
Rachael Ringer
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Stern v. Marshall – bankruptcy court jurisdiction: cut to the core

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Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Punitive damages, Bankruptcy, Debtor, US Constitution, Article III US Constitution, SCOTUS, United States bankruptcy court
Authors:
Joshua Friedman
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP
Now that’s settled – Second Circuit in Enron exempts redemption of commercial paper

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Filed under:
USA, Insolvency & Restructuring, Litigation, Kramer Levin Naftalis & Frankel LLP, Bankruptcy, Debtor, Security (finance), Statutory interpretation, Safe harbor (law), Debt, Maturity (finance), Fair market value, Commercial paper, US Code, ING Group, Westlaw, Enron, Second Circuit, United States bankruptcy court, Trustee
Authors:
Benjamin C. Wolf
Location:
USA
Firm:
Kramer Levin Naftalis & Frankel LLP