Bankruptcy Law
1156 ABA Journal Bankruptcy Law articles.
Collapsed cryptocurrency exchange FTX Trading has filed a lawsuit alleging that two Stanford Law School professors—the parents of the company’s founder—used their influence to enrich themselves.
Sep 20, 2023 11:13 AM CDT
The U.S. Supreme Court on Thursday agreed to consider the propriety of a bankruptcy plan for OxyContin maker Purdue Pharma that shielded the company’s current owners from future civil liability in exchange for a $6 billion payout.
Aug 10, 2023 4:23 PM CDT
A federal bankruptcy judge has reluctantly thwarted Johnson & Johnson’s second attempt to protect itself from claims related to its baby powder through the bankruptcy of a subsidiary created to hold Johnson & Johnson liabilities.
Jul 31, 2023 3:37 PM CDT
Unwitting money transfers to fraudsters yield reprimands
Three North Carolina lawyers have been reprimanded for separate incidents in which they or their staff members mistakenly transferred real estate money or…
Jul 28, 2023 2:26 PM CDT
A suspended Chicago-area lawyer was sentenced Tuesday to 37 months in prison for using her attorney trust account to help her brother conceal more than $357,000 from creditors in bankruptcy.
Jun 30, 2023 9:01 AM CDT
3M faces its first trial out of about 4,000 lawsuits claiming that its cancer-linked “forever chemicals” known as PFAs have leached into groundwater.
Jun 2, 2023 10:47 AM CDT
A federal appeals court has upheld a bankruptcy plan for Purdue Pharma that shielded the company’s owners from liability in civil opioid lawsuits in exchange for their agreement to contribute up to $6 billion to resolve the litigation.
Jun 1, 2023 1:35 PM CDT
Low-income clients overburdened by debt, transgender and nonbinary people who need help changing their names, and youths experiencing homelessness are among the groups supported this year by the American Bar Endowment’s Opportunity Grant Program.
Apr 26, 2023 11:50 AM CDT
A Johnson & Johnson unit is back in bankruptcy court again, after its first attempt to settle looming talcum powder cases failed because it wasn’t in financial distress.
Apr 7, 2023 11:06 AM CDT
The former CEO of Highland Capital Management is seeking the recusal of a bankruptcy judge on the ground that she has written two novels that “roundly criticize” the financial industry and include an “evildoer” character who appears to be based on him.
Apr 6, 2023 3:10 PM CDT
A former BigLaw lawyer who previously gave up his law license has been arrested for allegedly lying to a bankruptcy court about his ability to pay creditors.
Mar 29, 2023 11:53 AM CDT
LeClairRyan’s bankruptcy trustee has reached a settlement with the defunct law firm’s last president and four lawyers serving on its board in 2019.
Mar 10, 2023 10:08 AM CST
A debtor jointly on the hook for a court judgment stemming from her husband’s failure to disclose defects in their renovated home can’t discharge that debt in bankruptcy, the U.S. Supreme Court ruled Wednesday.
Feb 22, 2023 11:06 AM CST
A federal appeals court has dismissed a petition for Chapter 11 bankruptcy filed by a new unit of Johnson & Johnson that was formed to assume liabilities in litigation over talc contained in its baby powder.
Jan 31, 2023 10:09 AM CST
Updated: A Connecticut judge has declined to sanction a Texas lawyer representing Infowars host Alex Jones for failing to take proper action after his paralegal mistakenly released confidential documents to the opposing counsel.
Jan 19, 2023 9:41 AM CST
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