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    Backstage Rider Demands: 10 Bottles of Dom Perignon, M&Ms (Absolutely No Brown Ones!), Two Ice Cream Cakes, and a DIP Carve Out
    2016-05-11

    While rockstars such as Iggy Pop and Nikki Sixx of Mötley Crüe were infamous for outlandish rider requests while on tour, perhaps nobody is more notorious for their demands of concert promoters than Van Halen.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Media & Entertainment, Weil Gotshal & Manges LLP, Debtor
    Authors:
    David J. Cohen
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    A Twist on Excusable Neglect
    2016-04-13

    Practitioners generally identify “excusable neglect” as the standard that bankruptcy courts apply in determining whether to allow a creditor’s untimely proof of claim. A creditor who lets the bar date pass finds itself in the undesirable position of having to persuade the bankruptcy court that its neglect to file a timely proof of claim was excusable.

    Filed under:
    USA, Kansas, Insolvency & Restructuring, Litigation, Real Estate, Weil Gotshal & Manges LLP, Debtor, United States bankruptcy court
    Authors:
    Moshe Fink
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    How Are Informal Proofs of Claim Like Informal Dress Codes? What You Can Get Away With May Depend on Whom You Ask
    2016-03-11

    “I’m inconsistent, even to myself.”

    -Bob Dylan

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Delaware Bankruptcy Court Holds That Committee Professionals Cannot Contract Around Baker Botts v. ASARCO
    2016-02-08

    Last June we covered the U.S. Supreme Court’s decision in Baker Botts LLP v.

    Filed under:
    USA, Delaware, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    D&O Debate: Directors and Officers are Not Down-and-Out When it Comes to Defense Costs
    2016-01-07

    The Bankruptcy Blog previously published an extensive guide to evaluating and purchasing director and officer (”D&O”) liability insurance for individuals at the helm of troubled companies.  But what happens when a policy is in place and the directors and officers seek to obtain the proceeds of that policy to cover defense costs or related expenses? 

    Filed under:
    USA, Pennsylvania, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    You’re excused! Court grants final fee application despite late filing
    2015-12-02

    Finding out you missed an important deadline is the stuff nightmares are made of.  Even more so for attorneys, where letting a court imposed deadline pass without taking the requisite action may substantially hinder the rights of clients.  In 

    Filed under:
    USA, Texas, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Be careful — you might consent to adjudication in bankruptcy court even if you’ve expressly said you don’t
    2015-11-05

    “Once again, I’m not quite sure what that means.” – Bobby Boucher, The Waterboy

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Court tells junior investors in CDO “you gotta have faith” – good faith and fair dealing, that is
    2015-10-13

    Cases analyzing rights under indentures – and the transactions holders and issuers contemplate (or not) under indentures – continue to gain attention in the restructuring world.  Some of those cases involve section 316(b) of the Trust Indenture Act (see our own blog’s recent posts) and payment rights under indentures.  Others, such

    Filed under:
    USA, New York, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Collateral (finance), Good faith, Collateralized debt obligation
    Authors:
    Debora Hoehne
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Fail to ‘notice’ an objection to your proof of claim? Too bad says the bankruptcy court
    2015-09-10

    Providing notice to creditors of actions that could affect their interests is one of a debtor’s most important responsibilities.  Absent proper notice, relief requested by a debtor that may be warranted could nonetheless be denied.  Indeed, the Federal Rules of Bankruptcy Procedure set out pages and pages of rules regarding the time periods, form, and content of notices that a debtor, among others, must follow.  As the United States Bankruptcy Court for the District of Colorado recently reminded us in the 

    Filed under:
    USA, Colorado, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Debtor, United States bankruptcy court
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP
    Bankruptcy puns: available today for only fifty cents on the dollar
    2015-08-07

    “Startin’ to feel like there’s nothin’ left to talk about but the, money, money

    Bill collectors keep comin’ . . . to get money, money”

    -Curtis James Jackson, III – “Money”

    Filed under:
    USA, Connecticut, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Bankruptcy
    Location:
    USA
    Firm:
    Weil Gotshal & Manges LLP

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