USA | Global Insolvency

Grant of nonexclusive trademark license bars chapter 11 franchisee’s assumption of franchise agreement

25 May 2007

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Can creditors directly sue company directors for breaches of fiduciary duties? The Delaware Supreme Court says “no”

25 May 2007

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United States Supreme Court agrees to hear appeal by Klein & Co. Futures, Inc

21 May 2007

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Congoleum bankruptcy court refuses to approve insurer settlement

17 May 2007

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Insurers granted relief from automatic stay to pursue a coverage action against Federal-Mogul Global

17 May 2007

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Bankruptcy court rejects Congoleum bankruptcy plans: appeal to the United States District Court for the District of New Jersey filed

17 May 2007

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Third Circuit finds market price more probative than experts in establishing valuation of subsidiary at time of spin out

16 May 2007

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Bankruptcy trustees not entitled to injunctive relief that would give them priority to D&O policy proceeds

15 May 2007

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Supreme Court rules that a debtor has no absolute right to convert from Chapter 7 to Chapter 13

15 May 2007

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Supreme Court rules that federal bankruptcy law does not prohibit an unsecured creditor from recovering postpetition attorney’s fees authorized by an enforceable prepetition contract

14 May 2007

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